The cold pain therapy market is expected to grow from USD 2.65 million in 2020 to USD 3.80 million by 2028, at a CAGR of 4.6% during the forecast period 2021-2028.
Cold therapy, also known as cryotherapy, includes cold materials to relieve local pain, myofascial pain, and pain due to muscle spasm. This therapy is commonly used as an essential injury management skill. Cold therapy reduces the blood flow to a particular area, swelling and reducing the inflammation around the joints. This cold compression slows down the blood flow to the injury, inflammation, thereby reducing pain and muscle spasm. Ice packs are inexpensive, effective and drugless methods to relieve pain from strains, swelling, tendinitis, bruises, and sprains caused due to trauma to superficial tissues. The use of cold packs is most widely used on inflammations as a primary analgesic to relieving pain.
The factors driving the market are the growing number of traumatic injuries resulting from mishaps, falls, road accidents, increasing number of sports injuries, rising prevalence of orthopedic diseases, increased geriatric population, and growing awareness among the consumers of the market strategies. The factors restraining the market growth are the clinical evidence for cold pain therapy medication and side effects due to cold pain therapies coupled with various discomforts also hampering the market's growth. The growing adoption of analgesic patches is the market growth opportunity. The rising preference of patients for alternative therapies is likely to become a significant challenge for market growth.
This study delivers a comprehensive analysis of application, product, distribution channel and region. The application segment includes sports medicine, musculoskeletal disorders, post-trauma therapy, and post-operative therapy. The musculoskeletal disorders segment held the largest market share in 2020 due to increasing awareness about the benefits of cold therapy and providing instant relief from the pain associated with other musculoskeletal disorders and arthritis. As per the Arthritis Foundation, osteoarthritis is the most common type of arthritis. The sports medicine segment is expected to be the fastest-growing segment at a substantial rate during the forecast period due to the rising number of sports-related injuries and the advent of instant pain-relieving products. The product segment includes OTC products (patches, gels creams and others); prescription products (medical devices and pharmaceuticals). OTC product segment holds the largest market share due to the advent of e-commerce worldwide and easy availability. Furthermore, the availability of a wide range of products such as patches, gels, creams and others is expected to boost the OTC product segment growth rate. The prescribed product segment held a significant market share due to the high prevalence of chronic musculoskeletal disorders. The distribution channel segment includes retail pharmacy, hospital pharmacy and e-commerce. The retail pharmacy holds the largest market share due to the easy availability of a wide range of products. Also, increasing the number of retail pharmacies in both developing and developed countries has led to high growth. The e-commerce segment is expected to witness significant growth due to the rising convenience in choosing from websites that offer a range of products and detailed product information.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. North America holds the largest market share in the U.S., coupled with the high adoption of advanced devices and a rise in the prevalence of orthopedic diseases. The Asia-Pacific region is expected to grow at a significant rate, attributed to increasing healthcare awareness and developing economies.
Some key players operating in the cold pain therapy market include Johnson & Johnson, Beiersdorf AG, DJO Finance LLC, Breg, Inc., Medline Industries, Inc. 3M Company, Össur HF, Sanofi and Hisamitsu Pharmaceutical Co., Inc.,
For this study, Fior Markets Research has segmented the global cold pain therapy market report based on application, product, distribution channel, and region:
The Global Cold Pain Therapy Market Analysis and Forecast, By Application
The Global Cold Pain Therapy Market Analysis and Forecast, By Product
The Global Cold Pain Therapy Market Analysis and Forecast, ByDistribution Channel
The Global Cold Pain Therapy Market Analysis and Forecast, By Region
Report Description:
Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis ByApplication
4.3.2. Market Attractiveness Analysis By Product
4.3.3. Market Attractiveness Analysis By Distribution Channel
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1.Growing awareness among consumers owing to promotional marketing strategies
5.2.2. Rising prevalence of orthopedic diseases
5.2.3.Increased geriatric population
5.3. Restraints
5.3.1.The clinical evidence for the medication of cold pain therapy
5.4. Opportunities
5.4.1.Growing adoption of analgesic patches
5.5. Challenges
5.5.1.Availability of alternative non-drug/device pain management therapies
6. Global Cold Pain Therapy Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2.Sports Medicine
6.3. Musculoskeletal Disorders
6.4.Post-Trauma Therapy
6.5. Post-Operative Therapy
7. Global Cold Pain Therapy Market Analysis and Forecast, By Product
7.1. Segment Overview
7.2. OTC Products
7.2.1. Patches
7.2.2. Gels
7.2.3.Creams
7.2.4. Others
7.3.Prescription Products
7.3.1. Medical Devices
7.3.2. Pharmaceuticals
8. Global Cold Pain Therapy Market Analysis and Forecast, ByDistribution Channel
8.1. Segment Overview
8.2. Pharmacy
8.3. Hospital Pharmacy
8.4. E-commerce
9. GlobalCold Pain Therapy Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2.North America
9.2.1. US
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. UK
9.3.2. Germany
9.3.3. Italy
9.3.4. Spain
9.3.5. France
9.3.6. Turkey
9.3.7. Russia
9.3.8. Rest of Europe
9.4. Asia-Pacific
9.4.1. India
9.4.2. Japan
9.4.3. China
9.4.4. South Korea
9.4.5. Australia
9.4.6. Singapore
9.4.7.. Rest of Asia-Pacific (APAC)
9.5. Latin America
9.5.1. Brazil
9.5.2. Argentina
9.6.Middle East & Africa
9.6.1. Saudi Arabia
9.6.2. U.A.E.
9.6.3. South Africa
9.6.4. Rest of Middle East and Africa (MEA)
10. Global Cold Pain TherapyMarket-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Cold Pain TherapyGlobalMarket
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3.Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1.Johnson & Johnson
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2.Beiersdorf AG
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3.DJO Finance LLC
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4.Breg, Inc.,
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5.Medline Industries, Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6.3M Company
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7.Össur HF
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8.Sanofi
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9.Hisamitsu Pharmaceutical Co., Inc.
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
List of Table
1. GlobalCold Pain TherapyMarket, By Application, 2018-2028 (USD Million)
2. GlobalSports Medicine,Cold Pain TherapyMarket, By Region, 2018-2028 (USD Million)
3. GlobalMusculoskeletal Disorders, Cold Pain TherapyMarket, By Region, 2018-2028 (USD Million)
4. GlobalPost-Trauma Therapy, Cold Pain TherapyMarket, By Region, 2018-2028 (USD Million)
5. GlobalPost-Operative Therapy,Cold Pain TherapyMarket, By Region, 2018-2028(USD Million)
6. GlobalCold Pain TherapyMarket, ByProduct, 2018-2028 (USD Million)
7. Global OTC Product,Cold Pain TherapyMarket, By Region, 2018-2028 (USD Million).
8. Global Patches,Cold Pain TherapyMarket, By Region, 2018-2028 (USD Million)
9. GlobalGels,Cold Pain TherapyMarket, By Region, 2018-2028 (USD Million)
10. Global Creams,Cold Pain TherapyMarket, By Region, 2018-2028 (USD Million)
11. Global Others,Cold Pain TherapyMarket, By Region, 2018-2028 (USD Million)
12. GlobalPrescription Products, Cold Pain Therapy Market, By Region, 2018-2028 (USD Million)
13GlobalMedical Devices, Cold Pain Therapy Market, By Region, 2018-2028 (USD Million)
14. GlobalPharmaceuticals,Cold Pain TherapyMarket, By Region, 2018-2028 (USD Million)
15. Global Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
16. GlobalRetail Pharmacy, Cold Pain Therapy Market, By Region, 2018-2028 (USD Million)
17. GlobalHospital Pharmacy,Cold Pain TherapyMarket, By Region, 2018-2028 (USD Million)
18. Global E-commerce, Cold Pain Therapy Market, By Region, 2018-2028 (USD Million)
19. North America Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
20. North America Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
21. North America Cold Pain Therapy Market, By Distribution Channel, 2018-2028 (USD Million)
22. U.S. Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
23.U.S. Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
24. U.S.Cold Pain Therapy Market, By Distribution Channel, 2018-2028 (USD Million)
25. Canada Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
26. Canada Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
27. Canada Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
28. Mexico Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
29. Mexico Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
30. Mexico Cold Pain Therapy Market, By Distribution Channel, 2018-2028 (USD Million)
31. Europe Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
32.Europe Cold Pain Therapy Market, By Product, 2018-2028 (USD Million
33. Europe Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
34.U.K Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
35. U.K Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
36. U.K Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
37. Germany Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
38. Germany Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
39. Germany Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
40. Italy Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
41.Italy Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
42. Italy Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
43. France Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
44. France Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
45. France Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
46. Spain Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
47. Spain Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
48. Spain Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
49. TurkeyCold Pain Therapy Market, By Application, 2018-2028 (USD Million)
50. TurkeyCold Pain Therapy Market, By Product, 2018-2028 (USD Million)
51. Turkey Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
52. Russia Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
53. Russia Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
54. Russia Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
55. Asia Pacific Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
56. Asia Pacific Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
57. Asia Pacific Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
58. India Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
59. India Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
60. India Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
61. Japan Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
62. Japan Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
63. Japan Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
64. China Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
65. China Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
66. China Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
67.Latin America Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
68. Latin America Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
69. Latin America Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
70. Brazil Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
71. Brazil Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
72. Brazil Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
73. Argentina Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
74. Argentina Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
75. Argentina Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
76. Middle East and Africa Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
77. Middle East and Africa Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
78. Middle East and Africa Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
79. UAE Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
80. UAE Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
81. UAE Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
82. South Africa Cold Pain Therapy Market, By Application, 2018-2028 (USD Million)
83. South Africa Cold Pain Therapy Market, By Product, 2018-2028 (USD Million)
84. South Africa Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
85. Saudi ArabiaCold Pain Therapy Market, By Application, 2018-2028 (USD Million)
86. Saudi ArabiaCold Pain Therapy Market, By Product, 2018-2028 (USD Million)
87. Saudi Arabia Cold Pain Therapy Market, ByDistribution Channel, 2018-2028 (USD Million)
List of Figures
1. Global Cold Pain Therapy Market Segmentation
2. Global Cold Pain Therapy Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Cold Pain Therapy Market Attractiveness Analysis ByApplication
9. Global Cold Pain Therapy Market Attractiveness Analysis By Product
10. Global Cold Pain Therapy Market Attractiveness Analysis By Distribution Channel
11. Global Cold Pain Therapy Market Attractiveness Analysis ByRegion
12. Global Cold Pain Therapy Market: Dynamics
13. Global Cold Pain Therapy Market Share By Application (2021 & 2028)
14. Global Cold Pain Therapy Market Share By Product (2021 & 2028)
15. Global Cold Pain Therapy Market Share By Distribution Channel (2021 & 2028)
16. Global Cold Pain Therapy Market Share By Region (2021 & 2028)
17. Global Cold Pain Therapy Market Share By Company (2020)
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