Global Cold Pain Therapy Market – Industry Trends and Forecast to 2030

Cold Pain Therapy Market Analysis and Size

According to a Population Reference Bureau fact sheet, the number of Americans aged 65 and up is expected to nearly double from 52 million in 2020 to 95 million by 2050. The proportion of people aged 65 and up in the total population could rise from 16% to 23%. An increase in the elderly and obese population in the United States is expected to increase the prevalence of osteoporosis. Similarly, the presence of significant companies with extensive distribution networks is expected to fuel growth in the market.

Data Bridge Market Research analyses that the cold pain therapy market which is USD 2.07 billion in 2022, is expected to reach USD 3.05 billion by 2030, at a CAGR of 5.00% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Cold Pain Therapy Market Scope and Segmentation  

Market Definition

Cold pain therapy is a medical treatment that involves applying cold materials, such as icepack, to the muscle to relieve pain. Cold pain therapies aid in the reduction of muscle inflammation, swelling, and spasm. Cold pain therapy reduces the flow of blood to the injured muscle, which aids in the patient's relief. Cold Pain Therapy, also known as cryotherapy, is the application of cold materials to alleviate pain. These materials stimulate the body's natural anti-inflammatory response and endorphins, reducing inflammation, swelling, and discomfort. It also aims to reduce neural activity, which reduces pain. Ice packs are the most commonly used type of cold pain therapy because they are a low-cost, convenient, and drug-free way of relieving pain from sprains, fractures, strains, tendinitis, and swelling caused by damage to superficial tissues.

Cold Pain Therapy Market Dynamics

Drivers

• Rising number of traumatic injury cases

Increased injury cases due to sports activities, as well as increased awareness about healthy and fit lifestyles, are driving the cold pain therapy market, along with an increase in the geriatric population. An increasing number of traumatic injuries caused by falls, mishaps, and road accidents are also major factors driving the growth of the cold pain therapy market. Furthermore, the cold pain therapy market is expected to grow during the forecast period due to the superior advantages offered by topical analgesics over oral drugs, such as less systemic absorption, fewer side effects, and a lower risk of toxicity.

• Rising ageing population

According to the World Health Organization (WHO), despite owning more than 60% of automobiles, poor and middle-income countries account for 93% of global road fatalities, according to the World Health Organization (WHO). As a result of an increase in traffic accidents and the growing use of over-the-counter (OTC) products, the market is expanding. Osteoarthritis and related orthopaedic issues are aging-related conditions that primarily affect adults over the age of 60. As a result, an ageing population and increased demand for pain management solutions are driving growth.

• Increasing number of sports-related injuries

An increasing number of sports-related injuries and the global prevalence of various orthopaedic diseases are key factors expected to drive growth. According to Stanford's Children's Health, sports-related injuries account for roughly one-third of all injuries sustained by children. Furthermore, an increase in the geriatric population and an increase in the number of traumatic injuries caused by road accidents, falls, and mishaps are two other factors influencing the global market to grow rapidly.

Opportunities

• The rising prevalence orthopaedic diseases

The rising prevalence and cases of orthopaedic diseases such as arthritis, osteoarthritis, joint disorders, and musculoskeletal disorders are major factors driving the segment market's growth. According to the World Health Organization, by 2050, nearly 130 million people worldwide are expected to have osteoarthritis. According to our findings, osteoarthritis is the most common type of arthritis found in people worldwide. As a result, the growing number of patients suffering from these disorders is likely to influence growth in the coming years.

Restraints/Challenges

• Lack of a favourable reimbursement

The widespread use of analgesics and other pain relievers will hamper the market's growth rate. In addition, the lack of a favourable reimbursement scenario and a lack of clinical evidence for the medication for cold pain therapy will slow the market's growth rate.

This cold pain therapy market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cold pain therapy market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In 2021, Battle Creek introduced cold therapy wraps to help with and treat chronic pain and inflammation. The products are available in four sizes, ranging from 12X8 inches to 23X14 inches, and feature a proprietary gel technology that remains flexible while providing flexibility and effective cold therapy.
• In 2021, Breg entered into a partnership with Club Warehouse to expand the delivery of its premium orthopaedic products in Australia. The company plans to distribute its sports organization and orthopaedic practises throughout the region.

Global Cold Pain Therapy Market Scope

The cold pain therapy market is segmented on the basis of  product, distribution channel, therapy type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product 

• OTC Products
• Gels, Ointments and Creams
• Sprays and Foams
• Patches
• Roll-Ons
• Cold Packs
• Others
• Prescription Products
• Motorized Devices
• Non-motorized Devices

Therapy type

• Icepack Therapy
• Chamber Therapy
• Cryosurgery

Application 

• Musculoskeletal Disorder
• Post-operative
• Sports Medicine
• Post-trauma Therapy

Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• E-Commerce
• Others

Cold Pain Therapy Market Regional Analysis/Insights

The cold pain therapy market is analyzed and market size insights and trends are provided by country, product, distribution channel, therapy type and application as referenced above.

The countries covered in the cold pain therapy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the cold pain therapy market owing to the rising prevalence orthopaedic diseases coupled with favourable reimbursement scenario in the region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the large patient pool and improving healthcare infrastructure.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The cold pain therapy market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for cold pain therapy market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cold pain therapy market. The data is available for historic period 2011-2021.

Competitive Landscape and Cold Pain Therapy Market Share Analysis

The cold pain therapy market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cold pain therapy market.

Some of the major players operating in the cold pain therapy market are:

• Sanofi (France)
• 3M (U.S.)
• ROHTO Pharmaceutical Co. Ltd. (Japan)
• DJO, LLC (U.S.)
• Medline Industries, Inc. (U.S.)
• Unexo Laboratories Pvt. Ltd. (India)
• Bruder Healthcare Company LLC. (U.S.)
• Hot and Cold Company (U.S.)
• Polar Products Inc. (U.S.)
• Medichill UK Ltd. (U.K.)
• Medtronic (Ireland)
• Romsons Sustaining the Life Force (India)
• MeyerDC (U.S.)
• Hisamitsu Pharmaceutical Co. Inc. (Japan)
• Breg, Inc. (U.S.)

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