Cold Pain Therapy Market is expected to see growth rate of 4.5% and may see market size of USD2.4 Billion by 2024
Research Reports
Jan 18, 2021
Global Cold Pain Therapy Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. According to AMA, the Global Cold Pain Therapy market is expected to see growth rate of 4.5% and may see market size of USD2.4 Billion by 2024.
Major Players in This Report Include,
Sanofi (France), DJO Finance (United States), Pfizer (United States), 3M (United States), Hisamitsu Pharmaceutical (Japan), Johnson & Johnson (United States), Medline Industries (United States), Össur (Iceland), Performance Health (United States), Beiersdorf (Germany) and Rohto Pharmaceutical (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Breg (United States), Romsons Group of Industries (India), Custom Ice (United States) and Unexo Life Sciences (India).
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Cold pain therapy, a therapeutic application of cold that includes the usage of cold materials in the treatment of acute soft tissue injuries and to reduce the pain in post-operative condition in orthopaedic surgeries. The surging prevalence of prostate, cervical cancer, skin and other and increasing rate of accidental and sports injuries are the fuelling the growth of the cold pain therapy market across the globe.
Market Trend
- Growing Adoption of Analgesic Patches
- Increasing Number of Hip and Knee Surgeries Across the Globe
Market Drivers
- Increasing Incidence of Sports Injuries and Rising Emphasis on Exercise and Gym Activities
- Growing Need for Safer Pain Management Modalities as Opposed to Oral Drug Therapy
- Clinical Evidence in Favour of Menthol-Based Topical Analgesics
Opportunities
- Aging Population Sensitive to Traumatic Injuries
- Growing Awareness Among Consumers Owing to Promotional Marketing Strategies
- Growing Use of Cold Pain Therapy Among Middle-Aged Women
- Increasing Regulatory Barriers for Oral Pain Medications
Restraints
- High Usage of Low-Priced Analgesic Pills for Immediate Pain Relief
- Lack of Substantial Clinical Evidence in Favor of Cold Pain Therapy
- Health Hazards and Discomfort Associated With Cold Pain Therapy Products
Challenges
- Lack of Reimbursement
- Availability of Alternative Non-Drug/Device Pain Management Therapies
- Stringent Regulations on Ammonium Nitrate Usage
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In this research study, the prime factors that are impelling the growth of the Global Cold Pain Therapy market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.
The Cold Pain Therapy market study is being classified by Type, Applications and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
The Global Cold Pain Therapy is segmented by Type (OTC-Based Products, Prescription-Based Products), Application (Musculoskeletal Disorders, Sport Medicine, Physical Therapy, Post Operative Therapy, Post-Trauma), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies)
The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Cold Pain Therapy market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.
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Current Scenario Analysis for Decision Framework
Key Strategic Developments in Cold Pain Therapy Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.
Key Market Features in Global Cold Pain Therapy Market
The report highlights Cold Pain Therapy market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Cold Pain Therapy, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.
Extracts from Table of Contents
Global Cold Pain Therapy Market Research Report
Chapter 1 Global Cold Pain Therapy Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
………………….continued
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This report also analyzes the regulatory framework of the Global Markets Cold Pain Therapy Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.
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