Cold Pain Therapy Market Size & Share Report, 2024

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Report ID: GMI10118
Published Date: Jul 2024
Report Format: PDF

Cold Pain Therapy Market Size

Cold Pain Therapy Market size was valued at around USD 1.9 billion in 2023 and is estimated to grow at 4.8% CAGR from 2024 to 2032. The increasing prevalence of orthopedic diseases significantly contributes to the growth of the market. With the rise in conditions such as osteoarthritis, rheumatoid arthritis, and sports injuries, there is a growing need for effective, non-invasive pain management solutions.

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For instance, according to the Centers for Disease Control and Prevention (CDC), 23% of all adults in the U.S. have arthritis, which equates to more than 54 million people. The prevalence of osteoarthritis is expected to increase with the aging population. Cold pain therapy meets this demand, providing relief and supporting recovery, which drives market expansion.

Cold Pain Therapy Market Report Attributes
Report Attribute	Details
Base Year:	2023
Cold Pain Therapy Market Size in 2023:	USD 1.9 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	4.8%
2032 Value Projection:	USD 3 Billion
Historical Data for:	2021 - 2023
No. of Pages:	100
Tables, Charts & Figures:	177
Segments covered:	Product Type, Application, Distribution Channel and Region
Growth Drivers:	Rise in geriatric population Increasing prevalence of orthopaedic diseases Growing demand for safer pain management modalities Rise in number of road accidents and sports-related injuries
Pitfalls & Challenges:	Lack of awareness and reimbursem*nt regarding cold pain therapy

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Cold pain therapy is a treatment method that involves the application of cold substances or devices to the body to reduce pain, inflammation, and swelling. It is commonly used for acute injuries, chronic pain, and post-surgical recovery. The therapy works by constricting blood vessels, which decreases blood flow to the affected area, thereby reducing inflammation and numbing nerve endings to alleviate pain.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Cold pain therapy industry size was worth USD 1.9 billion in 2023 and will grow at 4.8% CAGR between 2024 and 2032, driven by the rising prevalence of sports injuries and musculoskeletal disorders along with the increasing demand for effective pain management solutions.

The musculoskeletal disorders segment recorded USD 777.4 million in 2023, primarily due to the high prevalence of conditions like arthritis, back pain, and tendonitis and increasing awareness of the benefits in reducing inflammation and accelerating recovery.

North America cold pain therapy industry size was USD 676.2 million in 2023, propelled by the high prevalence of sports injuries and musculoskeletal disorders, advanced healthcare infrastructure, coupled with significant investments in R&D of innovative cold therapy products.

Bird & Cronin, LLC, Breg, Inc., Cardinal Health, Compass Health Brands, Hisamitsu Pharmaceutical Co., Inc., Johnson & Johnson Consumer Inc., Performance Health, Polar Products Inc., Rapid Aid, Romsons Group of Industries, and Sanofi among others.

Cold Pain Therapy Market Scope

Cold Pain Therapy Market Size

Cold Pain Therapy Market Trends

Cold Pain Therapy Market Analysis

Cold Pain Therapy Market Share

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Premium Report Details

Base Year: 2023
Companies covered: 15
Tables & Figures: 177
Countries covered: 23
Pages: 100

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Cold Pain Therapy Market Size & Share Report, 2024 – 2032 (2024)