Global Hot and Cold Therapy Packs Industry Overview
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.
Top Hot and Cold Therapy Packs Companies Covered in this Market Research Report
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:
Cardinal Health Inc.
Medline Industries Inc.
Orthofix Holdings Inc.
Hot and Cold Therapy Packs Market Segmentation Based on Product
Cold therapy packs
Hot therapy packs
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.
Hot and Cold Therapy Packs Market Segmentation Based on Geographic Region
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.
Key Highlights of the Global Hot and Cold Therapy Packs Market for the Forecast Years 2019-2023
CAGR of the market during the forecast period 2019-2023
Detailed information on factors that will decelerate the growth of the hot and cold therapy packs market during the next five years
Precise estimation of the global hot and cold therapy packs market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the hot and cold therapy packs industry across Asia, Europe, North America, and ROW
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive details of factors that will challenge the growth of hot and cold therapy packs companies
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