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Some of the key findings from our hot and cold therapy packs market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Sports participants often encounter sprains and wear and tear of tissues, which lead to swelling and spasms. For immediate relief, hot and cold therapy packs are administered for pain relief and to reduce swelling. Since sports participation has notably increased in the past few years, sports-related injuries have also augmented. As a result, the sales of hot and cold therapy packs have increased. In the US, rising chronic overuse injuries are creating a significant demand for hot and cold therapy packs. Therefore, the rising number of sports-related injuries will significantly drive the global hot and cold therapy packs market growth over the forecast period. The market is expected to record a CAGR of about 8% during the forecast period.
The rising awareness of the side-effects of pain relief drugs and invasive therapies is increasing the demand for non-invasive pain relief therapies. Most of the drugs have opioids for pain management. The consumption of opioids leads to drowsiness, dizziness, respiratory depression, and persistent constipation. Also, invasive pain relief surgeries such as injections and surgeries may cause, infection, paralysis, or damage of nerve/spinal cord. On the other hand, non-invasive pain relief methods are ideal for everyone and do not involve hospital stays, invasive scars, and side-effects. They are also less costly than invasive therapies. Therefore, the demand for non-invasive pain relief methods such as hot and cold therapy packs, electrotherapy, and physiotherapy is increasing. As a result, vendors are recording increased sales. Therefore, the growing use of non-invasive and non-addictive pain relief therapies is one of the key hot and cold therapy packs market trends. The trend will contribute to market growth during the forecast period.
The global hot and cold therapy packs market is fragmented. To help clients improve their market positions, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. This hot and cold therapy packs market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.
The report offers a detailed analysis of several leading hot and cold therapy packs manufacturers, including:
The cold therapy packs segment held the largest market share in 2018. It will account for the highest global hot and cold therapy packs market share over the forecast period. Quick-relief action, long-lasting effect, and a significant reduction in swelling are expected to boost the demand for cold therapy packs during the forthcoming years. This report provides an accurate prediction of the contribution of all the segments to the growth of the hot and cold therapy packs market size.
With a complete study of the growth opportunities for the companies, it has been identified that North America will account for the highest share of the hot and cold therapy packs market throughout the forecast period. Factors such as increasing geriatric population who are susceptible to injuries, rising annual participation of children and teenagers in sports, and growing incidence of arthritis are contributing to the hot and cold therapy packs market growth in the region.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: MARKET SEGMENTATION BY APPLICATION
PART 08: CUSTOMER LANDSCAPE
PART 09: GEOGRAPHIC LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
PART 16: EXPLORE TECHNAVIO
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