Cold pain therapy is also known as cryotherapy, it is a type of treatment used to treat swelling. Cryotherapy has been used for centuries to reduce blood flow by lowering the temperature of specific tissues and cells. Cold therapy includes ice packs, coolant, sprays, and ice baths. Cold therapy has become popular owing to its many health advantages. Exposure to cold reduces swelling, and inflammation and increases metabolism. The increasing prevalence of bone disease, rising activities in gyms and sports, and the growing number of joint and knee surgeries are the factors that are driving the growth of the Cold Pain Therapy Market.

According to IHME, approximately 1 billion people are projected to have osteoarthritis by 2050 and this is projected to increase by the following percentage on the human body i.e.

Knee- +74.9%

Hand +48.6%

Hip +78.6%

Lack of understanding about novel pain management techniques, rising medical problems, and lack of knowledge about the risks of painkillers are the restraining factors for Cold Pain Market.

Economic Impact of Covid-19:

The analysis of the COVID-19 recovery trajectory provides an overview of the main strategies that industries are implementing to respond to and recover from the economic crisis. It also focuses on the post-pandemic and pre-pandemic era of the Global Cold Pain Therapy Market through PEST analysis, SWOT, Quantitative and Qualitative analysis, Attractive analysis, and DROs. Innovations by market players and an increasing number of products will propel the growth of this market.

Key Players:

• Brownmed Inc.
• Cardinal Health Inc.
• Breg Inc.
• 3M
• Sanofi
• Unexo Laboratories Pvt. Ltd
• Medichill UK Ltd
• Medtronic
• ROHTO Pharmaceutical Co.Ltd
• Medline Industries Inc
• Bruder Healthcare Company LL
• Ossur
• DJO Global
• Pfizer
• Johnson & Johnson
• Hisamitsu Pharmaceutical
• Others

The above key players in the Global Cold Pain Therapy Market can be changed according to the client’s requirements.

Moreover, the key players aim towards expansion, joint ventures, collaboration, mergers, and acquisitions to advance capabilities in the Cold Pain Therapy Market. Additionally, the partnerships and launches of new products by key players are expected to propel the market growth.

Recent Developments in Global Cold Pain Therapy Market.

2023: HealthMe announced a partnership with Breg to launch a patient Direct-Pay Solution for Orthopedic cold therapy products. This process will increase patient access to cold therapy modalities, particularly Breg’s Polar Care Wave cold and compression system.

Global Cold Pain Therapy Market Key Benefits:

1. The report provides information regarding key drivers, restraints, and opportunities with impact analysis.
2. Quantitative and Qualitative analysis of the current market.
3. Estimations for the forecast period 2033.
4. Historical data and forecast data.
5. Recent developments and trends in the market.   
6. Market share of the market players, company profiles, SWOT analysis, and competitive landscape.
7. Covid-19 Impact analysis

Global Cold Pain Therapy Market Segmentation:

By Products:

• Gels
• Patches
• Sprays

By Therapy:

• Chamber Therapy
• Icepack Therapy

By Application:

• Musculoskeletal Disorder
• Sports Injuries
• Post-Trauma Therapy

By Distribution Channel:

• Retail Pharmacies
• Hospital
• E- Pharmacies

Based on Region:

Asia-Pacific

• Japan
• China
• India
• Australia
• New Zealand
• Rest of Asia-Pacific

North America

• US
• Canada
• Mexico

Europe

• Germany
• France
• Italy    
• Spain
• UK
• Rest of Europe

The rest of the World

Each of the market segments has been analyzed in detail for market trends, recent trends and developments, drivers, restraints, opportunities, and competitive analysis.

Sports-related injuries are musculoskeletal mainly happen in Ankle, knee injuries, tennis elbow, and dislocations are common injuries. These injuries need immediate pain relief so cold pain products like ice packs, sprays are commonly used to lower the pain. These sports-related injuries and rising demand for cold pain products are also propelling this market.

Research Scope:

Report Scope	Details
Base Year	2023
Historical Years	2019 to 2022
Forecast Years	2024 to 2033
Market Size 2023	USD 2.09 BN
Market Revenue 2033	USD 4.01 BN
Growth Rate 2024- 2033	6 %
Report Coverage	Trends, SWOT Analysis, Competitive Landscape, DROs, Revenue Forecast, PEST Analysis.
Segments Covered	Product, Therapy, Application, Distribution Channel, Region
Companies Mentioned	Brownmed Inc., Cardinal Health Inc., Breg Inc., 3M, Sanofi, Unexo Laboratories Pvt. Ltd, Medichill UK Ltd, Medtronic, ROHTO Pharmaceutical Co. Ltd, Medline Industries Inc, Bruder Healthcare Company LLC, Ossur, DJO Global, Pfizer, Johnson & Johnson, Hisamitsu Pharmaceutical
Customization	Yes

 Regional Analysis:

North America is expected to lead the market of cold pain therapy market due to high fitness regimes, health expenditure, and rising sports-related injuries or accidents. The common injuries happened due to cycling, exercise, and basketball. Participation in Sports is contributing to market growth. Furthermore, the rising prevalence of orthopedic diseases and reimbursement policies is also creating a positive effect on this market in this region.

According to HSE Statistics, 561,000 workers sustained a non-fatal injury in Great Britain in the year 2022-2023. Similarly, the existence of key market players with large distribution networks is expected to fuel market growth.

Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to development in healthcare infrastructure, large patient pool, and government initiatives that are propelling this cold pain market. In addition, growing awareness in population about the cold pain therapy products and development in healthcare infrastructure in middle and low-income countries are boosting this market.

According to ESCAP, till 2023 Asia-Pacific region caused 48,542 injuries, 7,636 fatalities, and 64 million people were affected.

Key questions answered by this report.

1. Top market players contributing to the revenue?
2. Trending strategies by the players?
3. Which region will be the leading one in the forecast period?
4. Factors that drive the Global Cold Pain Therapy Market?
5. Which factors will affect the Global Cold Pain Therapy Market?
6. How Covid-19 pandemic impacted the growth of the Global Cold Pain Therapy Market?
7. Which Segment accounted for the Global Cold Pain Therapy Market shares?

Frequently Asked Questions (FAQ) :