Hot And Cold Therapy Packs Market to Incur Meteoric Growth During 2016-2026
Hot & Cold Therapy Packs Market: Drivers and Restraints
The global market for hot & cold therapy packs is expected to be driven by the increasing demand for non-surgical pain and injury management solutions. Steady economic growth, increase in standard of living, rising public and personal healthcare spending, aging population and improved access to healthcare services are expected to boost growth of the global hot & cold therapy packs market. Moreover, increased use of hot & cold packs in elderly patients, adjunctive use of the systems for guiding the surgical injury among patients or sports person are some factors anticipated to fuel growth of the global hot & cold therapy packs market during the forecast period of 2016-2026. However, growing adoption of herbal and reusable packs could limit the growth of global hot and cold therapy packs market during the forecast period.
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Hot & Cold Therapy Packs Market: Segmentation
The global hot & cold therapy packs market is classified on the basis of product type, application type, distribution channels and geography.
Based on product type, the global hot & cold therapy packs market is segmented into the following:
Based on application type, the global hot & cold therapy packs market is segmented into the following:
Chronic Pain Management
Based on distribution channels, the global hot & cold therapy packs market is segmented into the following:
Hot & Cold Therapy Packs Market: Overview
Increase in living standardsand growth in number of accidents and injury are anticipated to create attractive growth opportunities for the global hot & cold therapy packs market. According to the Arthritis Foundation, heat treatment such as heating pads, warm baths tend to work best for soothing stiff joints and tired muscles whereas cold packs are best for acute pain in body parts. The hospital pharmacies and online pharmacies distribution channel segment is expected to hold the highest market share in the global market for hot & cold therapy packs during the forecast period.
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Hot & Cold Therapy Packs Market: Regional Overview
Region wise, the global hot & cold therapy packs market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, Middle East and Africa (MEA). North America dominated the global market for hot & cold therapy packs in 2015 in terms of value due to advanced sports medicine practices and sports activities and initiatives, increase in ageing among population and spinal cord injuries. Countries like China and India are witnessing an increase in demand for hot & cold therapy packs due to growing awareness for non-surgical pain and injury management solutions and a substantial population base.
Hot & Cold Therapy Packs Market: Key Players
Some of the key players in global hot & cold therapy packs market include 3M, Cardinal Health Inc., Breg Inc., Carex Health Brands, Medtronics Plc, Pfizer Incorporation, Mentholatum Company, Medline Industries, Inc, Kobayashi Pharmaceutical Co. Ltd., and Halyards Health Inc. and others. Most of the providers of hot & cold therapy pack are adopting the strategy of providing these products through e-commerce, so that buyers can browse the products according to their needs.
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