Cold Pain Therapy Market - Forecast(2021 - 2026)

Report Code: HCR 0523 Report Format: PDF + Excel (Delivery in 48 Hrs)

Cold Pain Therapy Market Overview

Cold Pain Therapy Market size in 2019 is estimated to be $ 1,690 million, growing at a CAGR of 4.6% during the forecast period 2020-2025. The cold pain therapy includes the usage of cold materials to relieve pain. Cryotherapy is used for injury management and it reduces the blood circulation, thereby reducing inflammation, muscle spasm and pain. Increasing incidence of injury caused during sports activities and rising geriatric population are the major factors driving the growth of the market. 

Cold Pain Therapy Market Report Coverage

The report: “Cold Pain Therapy Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Cold Pain Therapy Market:
By Product : OTC, Prescription-Based
By Application : Musculoskeletal Disorders, Post-Operative Therapy, Sports Medicine, Post-Trauma Therapy
By Geography: North America, Europe, Asia-Pacific, and Rest of the World

Key Takeaways

  • In 2019, North America dominates the Cold Pain Therapy Market owing to growing geriatric population, increasing incidence of arthritis and sport injuries and increasing adoption of pain relief patches.
  • Increasing incidence of injury caused during sports activities and rising geriatric population is driving the market growth of cold pain therapy.
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Cold Pain Therapy Market report.
  • Increasing side effects and lack of reimbursement are challenging the growth of the market. 

Cold Pain Therapy Market Segment Analysis - By Product

Based on the Product, Cold Pain Therapy Market is segmented into OTC and Prescription-Based. The OTC segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 4.2% during the forecast period 2020-2025. This is mainly owing to high patient preference for topical medication compared to oral medications as it has lower side effects, fast pain relief, and convenience in use are contributing to the growth of this segment. Topical medicines are easily available and do not require prescriptions. 

Cold Pain Therapy Market Segment Analysis - By Application

Based on the Application, Cold Pain Therapy Market is segmented into Musculoskeletal Disorders, Post-Operative Therapy, Sports Medicine, Post-Trauma Therapy. In 2019, musculoskeletal disorders held the largest share in the Cold Pain Therapy Market. The increasing incidence of arthritis, osteoarthritis, back pain, and joint pain and the growing preference for topical analgesics to manage musculoskeletal pain are contributing to the growth of this segment.

Cold Pain Therapy Market Segment Analysis - By Geography

North America dominated the Market share accounting for 40% of the market in 2019. This is mainly owing to growing geriatric population, increasing incidence of arthritis and sport injuries and increasing adoption of pain relief patches. According to Centers for Disease Control and Prevention in 2019, about 54.4 million people in the U.S. are suffering from arthritis and The American Academy of Orthopedic Surgeons estimated that 90% of patients suffering from rheumatoid arthritis which are contributing the dominance of this segment.

However, the Asia Pacific region is projected to be the fastest-growing during the forecast period 2020-2025. The increasing disposable income and healthcare expenditure in the is poised to contribute to the market growth of this region over the forecast period 2020-2025.

Cold Pain Therapy Market Drivers

Increasing Incidence of Injury caused During Sports Activities

Increasing incidence of injuries during sports activity, increase on the emphasis on exercise and gym activities in order to maintain health are some factors driving the market growth of this segment.  Moreover, increase in the healthcare expenditure with rising cases of physical injuries owing to obesity or less activity and stringent regulatory approval process for oral pain medicines which are increasing the market growth of cold pain therapy.

Rising Geriatric Population

Rising geriatric population is major factor driving the growth of the market. This group of people is highly susceptible to arthritis and joint disorders. Moreover, increasing number of traumatic injuries resulting from falls, mishaps, and road accidents are contributing to the growth of Cold Pain Therapy Market.

Cold Pain Therapy Market Challenges

Increasing side effects owing to use of cold pain therapies coupled with various discomforts are challenging the growth of the market. Moreover, lack of adequate clinical evidence for the medication for cold pain therapy are also restraining its market growth during the forecast period 2020-2025.

Cold Pain Therapy Market Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Cold Pain Therapy Market. Cold Pain Therapy top 10 companies are Beiersdorf; Breg, Inc., Pacira Biosciences Inc., DJO Global; Hisamitsu Pharmaceutical Co., Inc., Johnson & Johnson, ÖssurCorporate; Performance Health, Pfizer, Inc., DeRoyal Industries, Inc., and Romsons Group of Industries.

Acquisitions/Product Launches:

  • On April 2016, Breg launches VPULSE therapy, a device that aids in DVT prevention, along with a combination of wound compression and cold therapy.
  • On April 2019, Pacira BioSciences, Inc.  has acquisition with MyoScience, Inc. that helps patients and healthcare providers to fight the opioid crisis by offering innovative therapies to decrease or eliminate the need for opioids.

1. Cold Pain Therapy Market Overview
    1.1 Definitions and Scope
2. Cold Pain Therapy Market Executive Summary
    2.1 Market Size and Key Trends 
    2.2 Key trends by Product
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. Cold Pain Therapy Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Product Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Cold Pain Therapy Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Cold Pain Therapy Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Cold Pain Therapy Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes 
7. Cold Pain Therapy Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Cold Pain Therapy Market – By Product (Market Size -$Million/$Billion)
    8.1 OTC
        8.1.1 Gels
        8.1.2 Sprays
        8.1.3 Patches
        8.1.4 Cold Packs
        8.1.5 Wraps
        8.1.6 Pads
        8.1.7 Roll-Ons
    8.2 Prescription-Based
        8.2.1 Motorized
        8.2.2 Non-Motorized Devices
9. Cold Pain Therapy Market– By Application (Market Size -$Million/$Billion)
    9.1 Musculoskeletal Disorders
    9.2 Post-Operative Therapy
    9.3 Sports Medicine
    9.4 Post-Trauma Therapy
10. Cold Pain Therapy Market- By Geography (Market Size -$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 U.K.
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia-Pacific
    10.4 Rest of the World
        10.4.1 Middle East
        10.4.2 Africa
        10.4.3 South America
11. Cold Pain Therapy Market Entropy
12. Cold Pain Therapy Market - Industry / Segment Competition landscape Premium Premium
    12.1 Market Share Analysis
        12.1.1 Market Share by Country- Key companies
        12.1.2 Market Share by Region- Key companies
        12.1.3 Market Share at Global Level- Key companies
        12.1.4 Best Practices for Companies
13. Cold Pain Therapy Market- Key Company List by Country Premium Premium
14. Cold Pain Therapy Market Company Analysis
    14.1 Company Revenue, Products, M&A, Developments
    14.2 Company 1
    14.3 Company 2
    14.4 Company 3
    14.5 Company 4
    14.6 Company 5
    14.7 Company 6
    14.8 Company 7
    14.9 Company 8
    14.10 Company 9
    14.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”