Cold Pain Therapy Market Research Report Focuses on Top Companies, Emerging Technologies, Global Regions with Industry Share Analysis, Industry Growth Rate, Company Profiles with Strategies, Sales and Revenues

 Kenneth Research has evaluated the current market opportunities in Cold Pain Therapy Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Cold Pain Therapy Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Cold Pain Therapy Market is estimated to reach $1,185 Million by 2024; growing at a CAGR of 4.6% from 2016 to 2024. The cold pain therapy comprises the usage of cold ingredients in pain relief. It slows down blood flow to the injury which reduces pain & swelling with decrease in muscle spasm, inflammation and cold pain. Cold pain therapy is generally applied on the fresh injuries such as muscle sprains, ligament sprains and severe bruises. It is also helpful for chronic overuse or tissue fatigue injuries like tennis elbow, carpel tunnel syndrome, iliotibial band syndrome, supraspinatus tendinitis, plantar fasciitis, patellofemoral pain syndrome, and others.

Rising emphasis on exercise & gym activities in order to maintain health, global growth in occurrences of injuries during sport activities, and increase in consumer awareness due to advertising adopted by players are some of the major factors driving the global cold pain therapy market. However, substantial clinical evidences in favor of cold pain therapy, and side-effects and discomfort associated with cold pain therapy treatment may restrict the market growth. Though, increasing healthcare expenditure and stringent regulatory approval for oral pain medicines are likely to gain significant impetus for the market over the forthcoming years.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

The cold pain therapy market is mainly classified into product, application, and geography. The classification by product primarily includes OTC based products and prescription based products. Where, OTC based products is further categorized into pharmaceuticals (gels, ointments, & creams, sprays & foams, patches, and roll-ons) and medical devices (cooling towels, compresses, wraps, & pads, and cold packs). And prescription based products is further categorized into motorized devices and non-motorized devices. The classification by application includes musculoskeletal disorder, sport medicine, post-operative, post-trauma, and physical therapy.

Based on geographical analysis, cold pain therapy market is classified into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consist of UK, Russia, Germany, France, Italy, and others. Asia-Pacific is segmented into India, China, Japan, South Korea, and others while RoW is bifurcated into South America, Middle East, and Africa.

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The key market players in the cold pain therapy market include Hisamitsu Pharmaceutical Co., Inc., 3M Company, Breg Inc., Johnson & Johnson, Ossur hf, ROHTO Pharmaceutical Co., Ltd., Sanofi, DJO Finance LLC, Beiersdorf AG, and Medline Industries Inc., among others.

The key takeaways from the report:
The report will provide detailed analysis of Cold Pain Therapy Market with respect to major segments such as product and application
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024

Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Cold Pain Therapy Market has been included in the report
Profile of the key players in the Cold Pain Therapy Market will be provided, which include key financials, product & services, new developments and business strategies

Scope of Cold Pain Therapy Market:
By Product
OTC-Based Products
Pharmaceuticals
Gels, Ointments, and Creams
Sprays and Foams
Patches
Roll-ons
Medical Devices
Cooling Towels, Compresses, Wraps, and Pads
Cold packs
Prescription Based Products
Motorized Devices
Non-Motorized Devices
By Application
Musculoskeletal Disorder
Sport Medicine
Post-operative
Post-Trauma
Physical Therapy
Geographical Segments:
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Others
Asia Pacific
India
China
Japan
South Korea
Others
RoW
South America
Middle East
Africa

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About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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