Cold Pain Therapy Market Growth, Size, Share, Trends, and Forecast 2032

Cold Pain Therapy Market: Industry Prospective

With a predicted compound annual growth rate of 5.1%, the global market for cold pain therapy is forecast to reach $3217 million by 2032, having generated approximately $2056.02 million in 2023. The study includes drivers and restraints of the cold pain therapy market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cold pain therapy market on a global level.

Cold pain therapy relieves pain from injuries or disorders by using cold materials. The process of using ice packs is an inexpensive, effective, and drugless method that relieves pain caused by bruises, strains, sprains, swelling, and tendinitis. Cold pain therapy can be applied to the skin directly or surgically.

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Cold Pain Therapy Market Growth Dynamics

According to the U.S. Bureau of Labor Statistics, in 2016, approximately 2.9 million private industry employees suffered from non-fatal injuries at the workplace. According to the HSE (Health and Safety Executive), in the UK, approximately 0.6 million employees suffered from non-fatal workplace injuries in 2016. This increase in the prevalence of workplace-related injuries is likely to drive the growth of the global cold pain therapy market over the estimated timeframe. In the U.S., approximately 30 million teens and children participate in various forms of sports and above 3.5 million sports injuries occur annually. This increase in sports-related injuries, subject to rising sports activities, is anticipated to further fuel the global cold pain therapy market in the future. The use of analgesic pills for instant pain relief and lack of compensation policies may hamper the cold pain therapy market growth globally.

In order to give the users of this report a comprehensive view of the cold pain therapy market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

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The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market.

Cold Pain Therapy Market Segmentation Analysis

The study provides a decisive view on the cold pain therapy market by segmenting it on the basis of product, application, distribution channel, and region.

The 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. The growing use of patches, roll-ons, ice packs, and sprays and foams to relieve pain is likely to fuel the growth of the OTC products segment in the global cold pain therapy market. By application, the cold pain therapy market includes sports injuries, post-operative therapy, musculoskeletal disorders, and post-trauma therapy. Musculoskeletal disorders are anticipated to dominate the cold pain therapy market in the upcoming years. The distribution channel segment is divided into hospital pharmacies, online pharmacies, retail pharmacies, and others. Online pharmacies are expected to register the highest growth over the forecast period, owing to the increasing use of mobile phones and tablets.

By region, North America is projected to dominate the global cold pain therapy market in the future. This can be attributed to the high prevalence of musculoskeletal disorders among the regional population. The Asia Pacific cold pain therapy market is anticipated to show the highest growth rate over the forecast time period due to the rise in the number of accidents, which may cause bone and muscular pain or disorders and require cold pain therapy treatment. The rise in the baby boomers population in the Asia Pacific region suffering from various bone or muscle disorders is also likely to fuel the growth of the region’s cold pain therapy market in the upcoming years.

The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further segmentation into major countries including the U.S., UK, Germany, France, China, Japan, India, Brazil, etc. This segmentation includes the demand for a cold pain therapy market based on all segments in all the regions and countries.

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
• Custom Ice.

Cold Pain Therapy Market: Report Scope

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
• 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
• Middle East and Africa