Global Cold Pain Therapy Market

Global Cold Pain Therapy Market Size, Trends & Analysis - Forecasts to 2026 By Product (OTC [Gels, Ointments, & Creams, Sprays & Foams, Patches, Roll-ons, Cold Packs, Others], and Prescription-based [Motorized and Non-motorized]), By Application (Musculoskeletal Disorders, Post-Operative Therapy, Post-Trauma Therapy, and Sports Medicine), Competitive Landscape, Company Market Share Analysis, and Competitor Analysis

Category Healthcare

Format

This report was recently updated on April 18 2024 with the latest and most recent market numbers

Cold Pain Therapy Market Insights

Cold Pain Therapy, also known as cryotherapy, refers to the use of cold materials to relieve pain. These materials help to stimulate the body's existing anti-inflammatory reaction and endorphins, helping to decrease inflammation, swelling, and discomfort. It also aims to minimize neural activity, which lowers pain. Ice packs are the most popular form of cold pain therapy because of their low-cost, convenient, and drug-free means of relieving discomfort from sprains, fractures, strains, tendinitis, and swelling caused by damage to superficial tissues.

Cold pain treatment is often used to cure conditions such as muscle sprains, ligament sprains, and serious bruises. Furthermore, to prevent nerve, muscle, and skin injury, cold therapy should be administered sequentially. The global cold pain therapy market is being driven primarily by the rise in sports-related injuries and growing awareness about safe and fit lifestyles, as well as an increase in the geriatric population. Moreover, a boost in the number of serious injuries caused by spills, mishaps, and traffic crashes is one of the main factors driving the development of the cold pain therapy market. Additionally, the expanding demand for and acceptance of topical analgesics over oral medications due to the superior benefits provided by the former, such as less systemic ingestion, fewer side effects, and a lower chance of toxicity, proves to be an acceptable choice for the healthier treatment of acute and chronic pain conditions, thus, fuelling the development of the cold pain therapy market.

The cold pain therapy market is expected to experience a relatively brief downturn as a result of the COVID-19 pandemic, attributable to lockdown circumstances and product shortages as a result of distribution network disturbances, as well as reduced accident and pain-related hospitalizations. Nevertheless, the rising occurrence of bone diseases such as arthritis, as well as an aging demographic are expected to drive market growth. Another trend pushing the demand is the growing geriatric population. This population is predisposed to arthritis and joint conditions, which would drive up demand for cold therapy drugs globally. Furthermore, the market's growth is being stimulated by the availability of numerous pain relief drugs.

Conversely, the inadequacy of knowledge about cold therapy is likely to stymie demand growth throughout the forecast period. Lack of insurance, scientific data for cold pain therapy drugs' adverse effects, and inconvenience associated with treatment options are just a few of the factors limiting the growth of the cold pain therapy market. Many forces influence patients’ proper medical care in hospitals across developing and advanced markets and are mostly linked to unexpected cases in various sectors that are largely regulated in health centers. Thus, the primary goal of biopharmaceutical and medical product firms is to improve their delivery infrastructure and suppliers throughout medical facilities, thereby boosting the cold pain therapy market’s development.

global cold pain therapy market

Cold Pain Therapy Market: By Product

Depending on the products, the market for cold pain therapy is classified as OTC and prescription-based. OTC is further classified as gels, ointments, & creams, sprays & foams, patches, roll-ons, cold packs, others. While prescription-based is further classified as motorized and non-motorized, OTC products hold a significant share in this market segment. This is largely due to the ease with which these items are available in both retail and online markets. Furthermore, the improved affordability and availability of OTC products globally are propelling the segment forward. These drugs also serve as quick-healing treatments for a variety of pain-related disorders. The reasons that can be linked to the segment's growth are the switch in patient preference to topical pharmaceuticals over oral drugs due to their lower side effects, fast pain relief, and ease of use.

Cold Pain Therapy Market: By Application

Depending on the type of applications of cold pain therapy, the market is being categorized as musculoskeletal disorders, post-operative therapy, post-trauma therapy, and sports medicine. Musculoskeletal disorders hold a significant share in this market segment. The trends that can be related to the segment's rise include an increase in the prevalence of arthritis, osteoporosis, back problems, and muscle pain, an increase in the aging populations, a boost in self-care, and a rising inclination for topical medications to treat musculoskeletal pain. Due to the surge in the number of sports-related accidents, the sports medicine segment is projected to expand at a substantial pace throughout the forecast period. Furthermore, core market players are rapidly producing a wide range of products specially tailored for individuals who have suffered sports-related injuries.

asia pacific cold pain therapy market

Cold Pain Therapy Market: By Region

As per the geographical analysis, the market can be classified into North America (the US, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa and Central South America. Due to aspects, including the improved visibility and proliferation of new product technologies like the non-motorized and motorized cold pain treatment systems, North America has a significant proportion. Consequently, the elderly demographic and the presence of a wide pool of patients suffering from back pain as well as other accidents are expected to fuel demand growth throughout the forecast period.

Cold Pain Therapy Market Share and Competitor Analysis

Beiersdorf, Breg, Inc., DJO Global, Hisamitsu Pharmaceutical Co., Inc., Johnson & Johnson, Össur Corporate, Performance Health, Pfizer, Inc., DeRoyal Industries, Inc., Romsons Group of Industries, and Bruder Healthcare, among others, are the major players in the cold pain therapy market players.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview And Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Cold Pain Therapy Industry Overview, 2019-2026

2.1.1 Industry Overview

2.1.2 Products Overview

2.1.3 Application Overview

2.1.4 Regional Overview

Chapter 3 Cold Pain Therapy Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2019-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Increase in demand of cold pain therapy mainly in the field of sports injury

3.3.1.2 Growing awareness among consumers owing to promotional marketing strategies

3.3.2 Industry Challenges

3.3.2.1 The clinical evidence for the medication of cold pain therapy

3.4 Prospective Growth Scenario

3.4.1 Products Growth Scenario

3.4.2 Application Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Technology Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Cold Pain Therapy Market, By Products

4.1 Products Outlook

4.2 OTC

4.2.1 Market Size, By Region, 2019-2026 (USD Million)

4.2.2 Market Size, By Gels, Ointments, & Creams, 2019-2026 (USD Million)

4.2.3 Market Size, By Sprays & Foams, 2019-2026 (USD Million)

4.2.4 Market Size, By Roll-ons, 2019-2026 (USD Million)

4.2.5 Market Size, By Cold Packs, 2019-2026 (USD Million)

4.2.6 Market Size, By Others, 2019-2026 (USD Million)

4.3 Prescription-based

4.3.1 Market Size, By Region, 2019-2026 (USD Million)

4.3.2 Market Size, By Motorized, 2019-2026 (USD Million)

4.3.3 Market Size, By Non-motorized, 2019-2026 (USD Million)

Chapter 5 Cold Pain Therapy Market, By Application

5.1 Application Outlook

5.2 Musculoskeletal Disorders

5.2.1 Market Size, By Region, 2019-2026 (USD Million)

5.3 Post-Operative Therapy

5.3.1 Market Size, By Region, 2019-2026 (USD Million)

5.4 Post-Trauma Therapy

5.4.1 Market Size, By Region, 2019-2026 (USD Million)

5.5 Sports Medicine

5.5.1 Market Size, By Region, 2019-2026 (USD Million)

Chapter 6 Cold Pain Therapy Market, By Region

6.1 Regional outlook

6.2 North America

6.2.1 Market Size, By Country 2019-2026 (USD Million)

6.2.2 Market Size, By Products, 2019-2026 (USD Million)

6.2.3 Market Size, By Application, 2019-2026 (USD Million)

6.2.4 U.S.

6.2.4.1 Market Size, By Products, 2019-2026 (USD Million)

6.2.4.2 Market Size, By Application, 2019-2026 (USD Million)

6.2.5 Canada

6.2.5.1 Market Size, By Products, 2019-2026 (USD Million)

6.2.5.2 Market Size, By Application, 2019-2026 (USD Million)

6.3 Europe

6.3.1 Market Size, By Country 2019-2026 (USD Million)

6.3.2 Market Size, By Products, 2019-2026 (USD Million)

6.3.3 Market Size, By Application, 2019-2026 (USD Million)

6.3.4 Germany

6.2.4.1 Market Size, By Products, 2019-2026 (USD Million)

6.2.4.2 Market Size, By Application, 2019-2026 (USD Million)

6.3.5 UK

6.3.5.1 Market Size, By Products, 2019-2026 (USD Million)

6.3.5.2 Market Size, By Application, 2019-2026 (USD Million)

6.3.6 France

6.3.6.1 Market Size, By Products, 2019-2026 (USD Million)

6.3.6.2 Market Size, By Application, 2019-2026 (USD Million)

6.3.7 Italy

6.3.7.1 Market Size, By Products, 2019-2026 (USD Million)

6.3.7.2 Market Size, By Application, 2019-2026 (USD Million)

6.3.8 Spain

6.3.8.1 Market Size, By Products, 2019-2026 (USD Million)

6.3.8.2 Market Size, By Application, 2019-2026 (USD Million)

6.3.9 Russia

6.3.9.1 Market Size, By Products, 2019-2026 (USD Million)

6.3.9.2 Market Size, By Application, 2019-2026 (USD Million)

6.4 Asia Pacific

6.4.1 Market Size, By Country 2019-2026 (USD Million)

6.4.2 Market Size, By Products, 2019-2026 (USD Million)

6.4.3 Market Size, By Application, 2019-2026 (USD Million)

6.4.4 China

6.4.4.1 Market Size, By Products, 2019-2026 (USD Million)

6.4.4.2 Market Size, By Application, 2019-2026 (USD Million)

6.4.5 India

6.4.5.1 Market Size, By Products, 2019-2026 (USD Million)

6.4.5.2 Market Size, By Application, 2019-2026 (USD Million)

6.4.6 Japan

6.4.6.1 Market Size, By Products, 2019-2026 (USD Million)

6.4.6.2 Market Size, By Application, 2019-2026 (USD Million)

6.4.7 Australia

6.4.7.1 Market Size, By Products, 2019-2026 (USD Million)

6.4.7.2 Market size, By Application, 2019-2026 (USD Million)

6.4.8 South Korea

6.4.8.1 Market Size, By Products, 2019-2026 (USD Million)

6.4.8.2 Market Size, By Application, 2019-2026 (USD Million)

6.5 Latin America

6.5.1 Market Size, By Country 2019-2026 (USD Million)

6.5.2 Market Size, By Products, 2019-2026 (USD Million)

6.5.3 Market Size, By Application, 2019-2026 (USD Million)

6.5.4 Brazil

6.5.4.1 Market Size, By Products, 2019-2026 (USD Million)

6.5.4.2 Market Size, By Application, 2019-2026 (USD Million)

6.5.5 Mexico

6.5.5.1 Market Size, By Products, 2019-2026 (USD Million)

6.5.5.2 Market Size, By Application, 2019-2026 (USD Million)

6.5.6 Argentina

6.5.6.1 Market Size, By Products, 2019-2026 (USD Million)

6.5.6.2 Market Size, By Application, 2019-2026 (USD Million)

6.6 MEA

6.6.1 Market Size, By Country 2019-2026 (USD Million)

6.6.2 Market Size, By Products, 2019-2026 (USD Million)

6.6.3 Market Size, By Application, 2019-2026 (USD Million)

6.6.4 Saudi Arabia

6.6.4.1 Market Size, By Products, 2019-2026 (USD Million)

6.6.4.2 Market Size, By Application, 2019-2026 (USD Million)

6.6.5 UAE

6.6.5.1 Market Size, By Products, 2019-2026 (USD Million)

6.6.5.2 Market Size, By Application, 2019-2026 (USD Million)

6.6.6 South Africa

6.6.6.1 Market Size, By Products, 2019-2026 (USD Million)

6.6.6.2 Market Size, By Application, 2019-2026 (USD Million)

Chapter 7 Company Landscape

7.1 Competitive Analysis, 2020

7.2 Beiersdorf

7.2.1 Company Overview

7.2.2 Financial Analysis

7.2.3 Strategic Positioning

7.2.4 Info Graphic Analysis

7.3 DJO Global

7.3.1 Company Overview

7.3.2 Financial Analysis

7.3.3 Strategic Positioning

7.3.4 Info Graphic Analysis

7.4 Hisamitsu Pharmaceutical Co., Inc.

7.4.1 Company Overview

7.4.2 Financial Analysis

7.4.3 Strategic Positioning

7.4.4 Info Graphic Analysis

7.5 Johnson & Johnson

7.5.1 Company Overview

7.5.2 Financial Analysis

7.5.3 Strategic Positioning

7.5.4 Info Graphic Analysis

7.6 Össur Corporate

7.6.1 Company Overview

7.6.2 Financial Analysis

7.6.3 Strategic Positioning

7.6.4 Info Graphic Analysis

7.7 Performance Health

7.7.1 Company Overview

7.7.2 Financial Analysis

7.7.3 Strategic Positioning

7.7.4 Info Graphic Analysis

7.8 Pfizer, Inc.

7.8.1 Company Overview

7.8.2 Financial Analysis

7.8.3 Strategic Positioning

7.8.4 Info Graphic Analysis

7.9 DeRoyal Industries, Inc.

7.9.1 Company Overview

7.9.2 Financial Analysis

7.9.3 Strategic Positioning

7.9.4 Info Graphic Analysis

7.10 Romsons Group of Industries

7.10.1 Company Overview

7.10.2 Financial Analysis

7.10.3 Strategic Positioning

7.10.4 Info Graphic Analysis

7.11 Bruder Healthcare

7.11.1 Company Overview

7.11.2 Financial Analysis

7.11.3 Strategic Positioning

7.11.4 Info Graphic Analysis

The Global Cold Pain Therapy Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Cold Pain Therapy Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.