New York, NY, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Cold Pain Therapy Market by Product (OTC Products and Prescription Products), by Application (Musculoskeletal Disorders, Sports Injuries, Post-Operative Therapy, and Post-Trauma Therapy), and by Distribution Channel (Online Pharmacies, Retail Pharmacies, Hospital Pharmacies, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global cold pain therapy market was valued at approximately USD 1.6 billion in 2018 and is expected to generate around USD 2.2 billion by 2025, at a CAGR of around 4.8% between 2019 and 2025.
Cold pain therapy, also known as cryotherapy, involves the application of cold materials to relieve pain or decrease the pain due to injuries. Cold compression generally slows the blood flow, which, in turn, reduces pain, muscle spasm, and inflammation. The growing prevalence of musculoskeletal disorders and other bone- and muscle-related disorders are likely to fuel the growth of the global cold pain therapy market in the future.
The global market for cold pain therapy is divided on the basis of application, product, and distribution channel. By product, the market for cold pain therapy is segmented into prescription products and OTC products. The OTC products segment is sub-segmented into medical devices and pharmaceuticals. The pharmaceuticals segment includes sprays and foams, roll-ons, patches, and ointments, gels, and creams. The medical devices segment includes cold packs and compressors, pads, wraps, and cooling towels. Prescription products are further divided into non-motorized devices and motorized devices. OTC products are anticipated to dominate the cold pain therapy market globally in the years ahead, owing to the rising use of pharmaceuticals for pain related to bones or injuries and the growing use of patches and cold packs by sports personalities.
Browse through 122 Tables & 27 Figures spread over 110 Pages and in-depth TOC on “Global Cold Pain Therapy Market: By Type, Size, Share, Industry Applications, Trends, Analysis and Forecast, 2018–2025”.
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By application, the cold pain therapy market includes sports injuries, post-operative therapy, musculoskeletal disorders, and post-trauma therapy. The growing prevalence of musculoskeletal disorders due to the increasing geriatric population and the rising number of accidents is likely to drive the musculoskeletal disorders application segment in the years ahead. The distribution channel segment is divided into hospital pharmacies, online pharmacies, retail pharmacies, and others. Hospital pharmacies are likely to dominate the cold pain therapy market globally in the future, owing to the presence of a large patient pool in the hospitals.
By region, North America is projected to dominate the global cold pain therapy market in the future. The U.S. is anticipated to acquire the largest revenue share, both in global and North American markets. The U.S. is mainly driving the growth of the North American market for cold pain therapy. According to the United States Bone and Joint Initiative, approximately 50% of the U.S. adults suffer from musculoskeletal disorders, whose treatment may cost around USD 213 billion annually.
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The high prevalence of musculoskeletal disorders among the regional population is likely to fuel the growth of the region’s cold pain therapy market. The rise in the prevalence of sports-related injuries due to the increase in the population involved in sports is anticipated to drive the growth of the North American cold pain treatment market in the future. Strict governmental regulations for the pharmaceutical use of opioid and an increase in the adoption rates of patches for pain relief are also projected to boost the North American cold pain therapy market over the forecast timeline.
Europe is projected to acquire the second largest revenue share after North America over the estimated timeframe, owing to the increasing brand promotion activities by companies, rising awareness about OTC products, and a growing number of healthcare service providers.
Browse the full “Cold Pain Therapy Market by Product (OTC Products and Prescription Products), by Application (Musculoskeletal Disorders, Sports Injuries, Post-Operative Therapy, and Post-Trauma Therapy), and by Distribution Channel (Online Pharmacies, Retail Pharmacies, Hospital Pharmacies, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/cold-pain-therapy-market
The Asia Pacific cold pain therapy market is anticipated to show the highest growth rate over the forecast time period. According to the World Road Statistics, in 2015, road accidents occurring in India were about 5 lakh that showed the increase of 1 lakh accidents in comparison to the accident numbers in 2014. This increase in accidents may lead to bone and muscular pain or disorders, which require cold pain therapy treatment. The rise in the baby boomers population in the Asia Pacific region suffering from various bone- or muscle-related disorders is expected to further drive the region’s cold pain therapy market in the future. The increasing investments made by small companies to provide cold pain therapy products in this region and growing awareness about cold pain therapy are also anticipated to boost the Asia Pacific cold pain therapy market over the estimated timeframe.
The Middle Eastern and African and Latin American regions are projected to show steady growth over the forecast time period. The increase in investments made by major companies in healthcare services and infrastructure and rise in the awareness about the benefits of cold pain therapy is anticipated to drive the growth of the cold pain therapy market in these regions in the future.
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Some key players of the global cold pain therapy market players are Sanofi, DJO Global, 3M, Pfizer Inc., Johnson & Johnson, Ossur, Performance Health, Medline Industries, Beiersdorf, and Custom Ice.
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This report segments the global cold pain therapy market into:
Global Cold Pain Therapy Market: Product Analysis
- OTC Products
- Pharmaceuticals
- Gels, Ointments, and Creams
- Sprays and Foams
- Patches
- Roll-Ons
- Medical Devices
- Cooling Towels, Compresses, Wraps, and Pads
- Cold Packs
- Pharmaceuticals
- Prescription Products
- Motorized Devices
- Non-Motorized Devices
Global Cold Pain Therapy Market: Application Analysis
- Musculoskeletal Disorders
- Sports Injuries
- Post-Operative Therapy
- Post-Trauma Therapy
Global Cold Pain Therapy Market: Distribution Channel Analysis
- Online Pharmacies
- Retail Pharmacies
- Hospital Pharmacies
- Others
Global Cold Pain Therapy Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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