Cold Pain Therapy Market insights,Size, Segments, Emerging Technologies and Market Growth by Forecast to 2027

 

Cold Pain Therapy Market Overview

 

Cold pain therapy is also used to treat plantar fasciitis, tennis elbow, carpal tunnel syndrome, iliotibial band syndrome, and patellofemoral pain syndrome. With the augmenting demand for products that helps to reduce pain without medication, the market for cold pain therapy is considered to flourish. The accelerating incidences of injuries caused while gym activities, sports activities coupled with the growing healthcare expenditure on injuries are some of the top factors considered to fuel the market growth throughout the assessment period. The aging population is another driving factor as they are prone to swelling. The growing acceptance of analgesic patches across the world and self-care preferences are further estimated to influence the market growth. Moreover, the rising prevalence of prostate, skin, cervical cancer and retinoblastoma are fueling the market growth. The increasing incidences of musculoskeletal disorders and other muscle and bone-related disorders are estimated to contribute to the market growth in the coming years.

Market Research Future (MRFR) asserts that the global Cold Pain Therapy Market is predicted to garner USD 1742.95 Million, demonstrating a CAGR of 4.50 % during the forecast period (2022-2030). Increased incidences of injuries occurred during sports activities are favoring the market growth to a large extent. Also termed as cryotherapy, cold pain therapy is used to minimize inflammation and swelling that causes pain. With the use of cold pain therapy, the nerve activity is reduced for a certain period which further helps to reduce the pain. They are generally used to reduce the inflammation or pain caused by physical activities like injury caused while playing or sprain in ligament or muscle during gym.

On the contrary, lack of compensation, distress related to the treatment, and clinical indication for the medicine are some of the top barriers considered to vitiate the market growth throughout the estimated period. Moreover, lack of reimbursement policies and financial assistance coupled with the discomfort associated with the treatment are considered to deter the market growth across the globe.

 

Cold Pain Therapy Market Segmentation

The global cold pain therapy market Outlook has been segmented on the basis of product, therapy, application, and end-users.

By mode of product, the global cold pain therapy market has been segmented into prescription products and over the counter (OTC). Among these, the OTC products are estimated to expand at the highest rate throughout the appraisal period. The rising preferences of the patients for topical pharmaceuticals compared to oral medications due to their fast pain relief, lower side effects, and convenience are predicted to fuel the segment growth in the coming years.

By mode of therapy, the global cold pain therapy market has been segmented into chamber therapy, cryosurgery, and icepack therapy.

By mode of application, the global cold pain therapy market has been segmented into post-operative therapy, musculoskeletal disorders, post-trauma therapy, and sports medicine. Among these, the musculoskeletal disorders segment is considered to occupy the largest market share due to the rising prevalence of arthritis, back pain, osteoarthritis, and joint pain. Moreover, with the rising trend of self-care coupled with the rising preferences for topical analgesics in order to manage musculoskeletal pain are some of the factors likely to foster the segment growth across the globe.

By mode of end-users, the market has been segmented into hospitals & clinics and sports person, adults, and others.

Cold Pain Therapy Market Regional Analysis

Geographically, the cold pain therapy market Insights span across regions namely, Europe, America, Asia-Pacific, and the Middle East and Africa.

Considering the global scenario, the American region is anticipated to lead the global market due to the extensive R&D activities in cold pain therapy. The increasing demand for products to reduce arthritis pain and swelling are contributing to the market growth in this region. As per the Arthritis Foundation, approximately 78 million people are predicted to be diagnosed with arthritis in 2040.

The European region is considered to be the second-largest region in cold pain therapy owing to the rising incidences of non-traumatic joint disorders like chronic infectious arthritis, knee pain, and crystalline synovitis. With the growing number of surgeries, the market is considered to fuel in this region. Moreover, the growing geriatric population coupled with the rising cases of arthritis is highly supporting the market growth.

The Asia Pacific region is considered to be the fastest growing region owing to the rising geriatric population suffering from arthritis. Moreover, the rising injuries occurring during sports activities coupled with the presence of major market players in this region are some of the other major factors likely to influence the market growth. Also, with the augmenting prevalence of rheumatologic disease impacting a large number of population, the market is estimated to flourish.

Competitive Dashboard

The major players operating the global cold pain therapy market Players are Pfizer (US), Beiersdorf (Germany), Rohto Pharmaceutical (US), Medline Industries (US), Breg (US), Johnson & Johnson (US), DJO Global (US), Sanofi (France), Hisamitsu Pharmaceutical (Japan), Össur (Iceland), Performance Health (US), Romsons Group of Industries (India), and others.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor,

New York, New York 10013

United States of America

+1 628 258 0071

Email: sales@marketresearchfuture.com

 

 

 


Comments

Post a Comment

Popular posts from this blog

Chronic Obstructive Pulmonary Disease Treatment Market Trends, Overview, Competitors Strategy, Regional Analysis and Growth Foresight 2030

Image
  Chronic Obstructive Pulmonary Disease Treatment Market Overview The global market report on chronic obstructive pulmonary disease has the potential to capitalize on various factors that have a link with unhealthy lifestyle or pollution and others. Due to this unhealthy lifestyle, many people have started smoking, which can directly influence various chronic obstructive pulmonary diseases. On the other hand, if people spend their time in places with poor airflow, they can trigger various symptoms of the disease. Pollution can alleviate the symptoms and play a significant role in influencing the increase in number for people suffering from the disease. with the increasing factors like pollution and other unhealthy lifestyles. These factors have been noted by Market Research Future (MRFR) for their elaborate study on the same market.  The Chronic Obstructive Pulmonary Disease Market  Size was valued at USD 1.82 billion in 2021 and is projected to grow from USD 3.07 Billi...
Read more

Dental 3D Printing Market Trend, Size, Growth and Forecast to 2030

Image
  Dental 3D Printing Market Overview Dental 3D printing witnesses extensive demand in the cosmetic dentistry which in turn, escalates its market on the global heights. Considering the kind of the growth, the market perceives currently, Market Research Future (MRFR) in its recently published analysis asserts that the global  Dental 3D Printing Market   will register over 15.61 % CAGR during the review period (2022 – 2030), reaching exponential heights by 2030.  Dental 3D printing is a huge evolution that ever occurred in the dental world. It can perform faster, is cost-competitive, and can offer unique products and services, providing an excellent return on investment. Considered as the form of modern dentistry, dental 3D printing creates three dimensional solid dental models for surgical guides, dentures, dental implants, crown, and bridges. Additional factors substantiating the market growth include the growing prevalence of dental decays and diseases and increa...
Read more

RSV Diagnostics Market Segments, Industry Sales, Profits and Regional Study 2030

Image
  RSV Diagnostics Market Overview The rising incidence rate of respiratory infections has done wonders for the market and is bound to surge at a significant rate in the coming years. with the growth in the incidences of chronic diseases around the world, there is bound to be an increase in the case of respiratory infections. This is going to have a definite positive impact on the demand for testing of infectious diseases like RSV. The deaths among neonates owing to these infections can be prevented when timely diagnosis and subsequent treatment is provided. Thus, the growing awareness regarding this factor is set to enhance the growth of the  RSV Diagnostics Market   in the years ahead. The latest report by Market Research Future (MRFR) states that the Respiratory Syncytial Virus (RSV) market is all set to gain substantial traction by accruing gigantic revenues by 2030. In addition, it is on track to surge at a CAGR of 10.7 % during the forecast period (2022–2030).The d...
Read more