A Global Cold Pain Therapy Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Cold Pain Therapy market industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Cold Pain Therapy Market, this study covers qualitative and quantitative aspects of the Cold Pain Therapy Market. In addition to historical data from 2019 to 2020, the research study provides an accurate forecast until 2030 for the Cold Pain Therapy Market.
The global cold pain therapy market size reached USD 1.70 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period. Increasing prevalence of bone diseases, growing number of knee and joint surgeries, and rising number of sports and gym activities are some of the key factors increasing revenue growth of the cold pain therapy market. In addition, government agencies have also started investing to support this therapy, which is expected to rise the demand for this product.
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Rising regulatory approvals and government funding for neurodegenerative diseases are contributing significantly to the market revenue growth. For instance, Food and Drug Administration (FDA) is steadily approving new treatments that significantly improve the lives of patients with a wide range of diseases. The FDA has increased the number of medications it has approved in recent years that help patients with devastating and, in some cases, fatal diseases live better, longer lives, or even cure them. In 2020, the Center for Drug Evaluation and Research (CDER) approved 53 novel drugs, 40% of which were first-in-class approvals, either as New Molecular Entities (NMEs) under New Drug Applications (NDAs) or as new biological products under Biologics License Applications (BLAs). Eight new BLAs were approved by the Center for Biologics Evaluation and Research (CBER) in 2020.
Key insights presented in the report:
Market revenue shares by major business players, by type, by application, and market scope of global Cold Pain Therapy market
Sales revenue by key players and new entrants
Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
Recent mergers, acquisitions, product launches, recent investments, and joint ventures
Regional analysis to provide insight into recent trends and opportunities
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The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Cold Pain Therapy industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
Emergen Research has segmented the global cold pain therapy market on the basis of product, therapy type, application, distribution channel, and region:
-
Product Outlook (Revenue, USD Billion; 2019-2030)
- OTC-based Product
- Pharmaceuticals
- Roll-ons
- Prescription Products
- Others
-
Therapy Type Outlook (Revenue, USD Billion; 2019-2030)
- Icepack therapy
- Cryosurgery
- Chamber therapy
-
Application Outlook (Revenue, USD Billion; 2019-2030)
- Oncology
- Musculoskeletal disorders
- Sports medicine
- Others
-
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals
- Retail pharmacy
- E-commerce
Competitive Outlook:
The global Cold Pain Therapy market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Cold Pain Therapy market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Some of the key participants in this industry include:
Pfizer Inc., Sanofi, Johnson & Johnson Private Limited, Polar Products Inc., DJO, LLC, Hisamitsu Pharmaceutical Co., Inc., Mueller Sports Medicine, Inc., Romsons, Bruder Healthcare Company LLC., ThermoTek.
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Regional Outlook of Cold Pain Therapy Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Table of Contents:
Chapter 1 includes an introduction of the global Cold Pain Therapy market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
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