Global Cold Pain Therapy Market - 2023-2030

Global Cold Pain Therapy Market - 2023-2030

The Global Cold Pain Therapy Market reached US$ 1.8 billion in 2022 and is projected to witness lucrative growth by reaching US$ 2.8 billion by 2030. The Global Cold Pain Therapy Market is expected to exhibit a CAGR of 5.9% during the forecast period 2023-2030.

Cold therapy is frequently used to reduce pain and swelling after surgery. Improved postoperative rehabilitation can benefit joint procedures like knee or hip replacements to speed up healing.

Market Dynamics

The growing trauma and orthopedic injuries are boosting the growth of the Global Cold Pain Therapy Market during the forecast period.

Healthcare systems face a serious and growing challenge due to global traumatic injuries. According to the World Health Organisation (WHO), 90% of injuries are thought to happen in low- and middle-income countries, making traumatic injuries one of the leading causes of death worldwide.

Orthopedic injuries make up a significant portion of severe injuries. Orthopedic injuries harm the musculoskeletal system, which consists of the bones, ligaments, joints, tendons, muscles, and nerves.

Active key players provide global cold pain therapy market growth opportunities.

In January 2022, a multi-year agreement with Biofreeze, a Reckitt brand, was announced by the Rock 'n' Roll Running Series. By the new partnership, Biofreeze will serve as the Official External Pain Relief Partner of the Series and of all Rock 'n' Roll Running Series events in the United States, offering pain relief to participants and spectators at the Finish Line Festival and on the race course. Biofreeze, a cold therapy product approved by doctors, relieves aching muscles and joints brought on by backaches, arthritis, strains, and sprains. It is available in many forms, such as roll-on, gel, spray, cream, patch, strip, and pen.

COVID-19 Impact Analysis

The COVID-19 pandemic has significantly impacted the cold pain therapy market. Healthcare systems and resources have redirected their attention to containing and combating the COVID-19 epidemic. Certain elective surgeries and non-urgent pain management measures were among the non-essential medical procedures and treatments that were delayed or postponed. This might have affected cold pain treatment’s popularity in specific medical contexts.

Russia-Ukraine Conflict Analysis

The impact of the Russia-Ukraine war on the cold pain therapy market is complex and multifaceted. People are frequently compelled to evacuate their homes and seek safety elsewhere during conflict. Both those who are displaced and those who live in conflict-affected areas may experience disruptions in their access to medical care and continuity of care, including cold pain therapy.

Segment Analysis

The Global Cold Pain Therapy Market is segmented based on product, application, distribution channel, and region.

The trauma and orthopedic segment is expected to dominate the market over the forecast period.

The trauma and orthopedic segment accounted for the highest market stake, accounting for approximately 37.8% of the cold pain therapy market in 2022. Orthopedic injuries are frequently managed with hard pain treatment. It can aid in lowering the discomfort, bruising, and inflammation brought on by certain orthopedic problems.

Cold pain treatment is frequently used in the early phases of sprains and strains, which are typical orthopedic ailments. Ice or cold packs applied to the affected area aid in relieving pain, edema, and inflammation.

To relieve pain and minimize swelling, cold pain therapy can be part of the first fracture treatment. It is frequently used before immobilization or surgery to manage pain and reduce tissue damage.

Geographical Analysis

Increasing collaborations and partnerships among the key players and advancement in cold pain therapy dominate the North American region.

North America is expected to dominate the Cold Pain Therapy market, accounting for around 39.3%. The United States (U.S.) Report Card for 2022 is the fourth thorough analysis of children and youth physical activity in the United States.

North America has a strong sports culture with a high degree of engagement in numerous sports and physical activities. Sports-related injuries are common as a result. In sports medicine, cold pain therapy—such as ice packs and cold compression devices is frequently used to lessen the pain, swelling, and inflammation brought on by recent injuries.

Competitive Landscape

The major global players in the market include Breg Inc., Brownmed Inc., Cardinal Health Inc., DJO Global Inc., Össur hf, Performance Health, Medline Industries Inc., IceWraps, Compass Health and Hisamitsu Pharmaceutical Co.

Why Purchase the Report?
• To visualize the Global Cold Pain Therapy Market segmentation based on the product, application, distribution channel, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous cold pain therapy market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Cold Pain Therapy Market Report Would Provide Approximately 61 Tables, 57 Figures And 195 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies