Global Cold Pain Therapy Market: Overview
Rising sports injuries result in the existence of reliable cold pain therapy. It is the best therapy against the oral drug therapy in the global market. The majority of people are moving towards definite pain relief. People’s inclination for good health and opting for gym activities may cause muscle pain. To deal with body pain cold pain therapy is very essential.
Global Cold Pain Therapy Market: Growth Factors
One of the major driving factors for the growth of the global cold pain therapy market is the aging population in the world. Rising acceptance of the analgesic patches and self-care preferences are expected to further contribute to in the global cold pain therapy market growth in future. Moreover, increasing popularity for cold pain therapy among aged women is also boosting the global market. Availability of several products for pain relief in the market and self-care trend are other factors driving the growth of the market. However, lack of financial assistance and discomfort associated with cold pain therapy may hinder the global market growth in future.
Global Cold Pain Therapy Market: Segmentation
The global cold pain therapy market is categorized based on applications as post-trauma, sports medicine, physical therapy, musculoskeletal disorder, and post-operative. Of these, musculoskeletal disorders segment is the leading application segment that accounted for the largest market share in the global market. On the basis of the product, the global market is segmented as OTC-based products and prescription-based products. However, OTC-based products segment is further sub-segmented as pharmaceuticals and medical devices. The pharmaceuticals segment is further sub-segmented as roll-ons, sprays, and foams, gels, ointments, and creams, and patches. Furthermore, the prescription-based products segment is also further fragmented as non-motorized devices and motorized devices.
Global Cold Pain Therapy Market: Regional Analysis
Asia Pacific is the dominating region for the cold pain therapy market. Moreover, increasing cold pain therapy handling care centers and products are anticipated to boost the global market growth in this region. In addition, Japan and China prefer topical analgesics against oral pills, which is also expected to fuel the market growth in future.
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Global Cold Pain Therapy Market: Competitive Players
The major industries operating in the global cold pain therapy market are Medline Industries, Inc., Beiersdorf AG, Rohto Pharmaceutical Co., Ltd., Hisamitsu Pharmaceutical Co., Inc., DJO Finance LLC, Breg, Inc., Johnson & Johnson, 3M Company, Sanofi, and Össur HF.