Heat Therapy Market By Type (Over The Counter (OTC) Devices, Prescription-Based Devices), By Application (Musculoskeletal Disorder, Chronic and Post-Operative Pain Management, Injury, Others), By End User (Hospitals, Physiotherapy Centers, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The Heat Therapy Market valued for $1,422.80 million in 2021 and is estimated to reach $2,430.20 million by 2031, exhibiting a CAGR of 5.7% from 2022 to 2031. Heat therapy, also known as thermotherapy, is a type of treatment that involves the use of heat to relieve pain and promote healing. In this therapy, hot packs, wraps, heating pads, or warmers are utilized to increase blood flow and relax muscles & tissues. This helps to alleviate pain, stiffness, and tension in the affected area. Moreover, heat therapy promotes the healing of damaged tissues by increasing the supply of oxygen and nutrients to the area. It is often used to treat muscle & joint pain, arthritis, menstrual cramps, and other types of pain & discomfort. It is generally considered safe and can be used in combination with other treatments such as medication, physical therapy, and massage therapy.
Major factors that drive the growth of the global heat therapy market include rapid technological advancements in heat therapy devices, rise in prevalence of musculoskeletal disorders such as arthritis, muscle strain, and back pain, as well as increase in awareness regarding the potential benefits of heat therapy. For instance, according to the National Centre for Biotechnology Information (NCBI), in 2020, about 1.5 million people in the U.S. were living with rheumatoid arthritis. As per the same source, in 2022, 294,000 children in the U.S. were suffering from juvenile idiopathic arthritis. By 2025, 67 million Americans are expected to be diagnosed with arthritis. Furthermore, many patients prefer non-invasive treatments over surgery and other invasive procedures, and heat therapy offers a safe and effective alternative. Thus, an increase in preference for noninvasive treatments and rise in adoption of heat therapy are expected to drive the growth of the market.
However, potential side effects & health risks associated with heat therapy are expected to hamper the heat therapy market growth. In addition, limited clinical evidence to support effectiveness of heat therapy in treating various medical conditions restrains the growth of the market. On the contrary, surge in healthcare expenditure and unmet medical demands in developing countries are expected to create immense opportunities for the expansion of the global market in the future.
The heat therapy market is segmented into type, application, end user, and region. On the basis of type, the market is classified into over the counter (OTC) devices and prescription-based devices. The OTC segment is further divided into packs, pads, wraps, patches, and others (belt, mask, warmers, pillow, ball, transport mattress, and spray). The prescription-based devices segment is subsegmented into heating units and others. Depending on application, the market is classified into musculoskeletal disorder, chronic and post-operative pain management, injury, and others. By end user, it is segregated into hospitals, physiotherapy centers, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major players profiled in the report are Enovis Corporation (DJO, LLC), Dhama Innovations Pvt. Ltd., Medline Industries, LP, Cardinal Health, Compass Health Brands (Carex Health Brands, Inc.), Owens and Minor (Halyard Worldwide, Inc.), Kobayashi Pharmaceutical Co., Ltd., ROHTO Pharmaceutical Co., Ltd. (Mentholatum Company Ltd), Thermo Tek Inc., and TrekProof.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the heat therapy market analysis from 2021 to 2031 to identify the prevailing heat therapy market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the heat therapy market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global heat therapy market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeOver The Counter (OTC) Devices
Type
Packs
Pads
Wraps
Patches
Others
Prescription-Based Devices
Type
Heating units
Others
By ApplicationMusculoskeletal Disorder
Chronic and Post-Operative Pain Management
Injury
Others
By End UserHospitals
Physiotherapy Centers
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Compass Health Brands
Enovis Corporation
ROHTO Pharmaceutical Co., Ltd.
Dhama Innovations Pvt. Ltd.
ThermoTek Inc
TrekProof
Owens and Minor
Kobayashi Pharmaceutical co., Ltd.
Medline Industries, LP
Cardinal Health Inc.
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