Cold Pain Therapy Market - Trends Forecast Till 2028

Cold Pain Therapy Market – Trends Forecast Till 2028

Cold Pain Therapy Market, by Product (OTC (Gels, Creams, Patches, Wraps, Pads), Prescription Devices (Motorized, Non-Motorized), Applications (Musculoskeletal, Post Op, Sports Medicine), Distribution Channel (Hospital, Retail) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America)

The global Cold Pain Therapy Market is anticipated to reach USD 1.8 billion in 2021 growing at a CAGR of 4.7% during the forecasting period, 2021-2028.

Cold therapy also known as cryotherapy is a pain-relieving therapy that acts by reducing the blood flow to the affected part and thus leads to a reduction in swelling and inflammation. This is extremely useful if the affected part is a joint or a tendon. It also tends to cut down the nerve functionality so thus also reduce the pain. There are major 4 types of cryotherapy namely 1. Cryotherapy products 2. Cryostreching 3. Cryokinetics 4. Ice baths.

With people becoming more gym cautious there are increased cases of knees and hip injuries and moreover people have started to avoid pain killers due to their harmful effects are some of the factors that have supported long-term expansion for the cold pain therapy industry. 

Global Cold Pain Therapy Market is segmented into product, application, end-user, and geography.

Product segment is segmented into Implants, Plates, Screw, Wires, Internal Fixators, Braces, and Prosthesis

Application segment is segmented into Rheumatoid Arthritis, Osteoporosis, and Hammertoe 

End-User segment is segmented into Hospital and Ambulatory Surgical Centres

Geographically, Global Cold Pain Therapy Market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America and insights are provided for each region and major countries within the regions

Key players in the Global Cold Pain Therapy Market are DePuy Synthes Companies (US), Stryker Corporation (US), Zimmer Biomet Holdings, Inc (US), Smith & Nephew plc (UK), Arthrex Inc (US), Integra LifeSciences Holdings Corporation (US), DJO Finance, LLC (US), CONMED Corporation (US), Össur HF (Iceland), Orthofix Medical Inc. (US), Medartis AG (Switzerland), Acumed LLC (US), Extremity Medical (US), aap Implantate AG (Germany), Ottobock SE & Co. KGaA (Germany), Ortho Solutions UK Ltd. (UK), Vilex in Tennessee, Inc. (US), Advanced Orthopaedic Solutions (US), Fillauer LLC (US), and Groupe FH Ortho (France) among others. 

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the Global Cold Pain Therapy Market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global Global Cold Pain Therapy Market. Through secondary research, the market is classified and segmented as per industry trends, developments, regional markets, products, and technology development. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Global Cold Pain Therapy Market.

Primary Respondent breakdown is given below:

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Global Cold Pain Therapy Market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

• Leading Companies
• Suppliers & Distributors
• Manufacturers
• Consumers
• Industry/Strategic Consultants 

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• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth pattern

Report Scope