Global Cold Pain Therapy Market Research Report and Forecast to 2032 is an investigative report providing an extensive study of the global Cold Pain Therapy Market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Cold Pain Therapy Market on the global and regional scale, along with a thorough forecast estimation to 2021. The new report is updated with the impact of the COVID-19 pandemic on the Cold Pain Therapy Market. It analyzes the impact of the pandemic with regards to economic landscape and government regulations in each region.
The global cold pain therapy market size reached USD 1.70 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period. Increasing prevalence of bone diseases, growing number of knee and joint surgeries, and rising number of sports and gym activities are some of the key factors increasing revenue growth of the cold pain therapy market. In addition, government agencies have also started investing to support this therapy, which is expected to rise the demand for this product.
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Rising regulatory approvals and government funding for neurodegenerative diseases are contributing significantly to the market revenue growth. For instance, Food and Drug Administration (FDA) is steadily approving new treatments that significantly improve the lives of patients with a wide range of diseases. The FDA has increased the number of medications it has approved in recent years that help patients with devastating and, in some cases, fatal diseases live better, longer lives, or even cure them. In 2020, the Center for Drug Evaluation and Research (CDER) approved 53 novel drugs, 40% of which were first-in-class approvals, either as New Molecular Entities (NMEs) under New Drug Applications (NDAs) or as new biological products under Biologics License Applications (BLAs).
The global Cold Pain Therapy market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Cold Pain Therapy market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Some major companies in the global Cold Pain Therapy market report include Pfizer Inc., Sanofi, Johnson & Johnson Private Limited, Polar Products Inc., DJO, LLC, Hisamitsu Pharmaceutical Co., Inc., Mueller Sports Medicine, Inc., Romsons, Bruder Healthcare Company LLC., ThermoTek.
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Key Benefits of Buying the Global Cold Pain Therapy Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Cold Pain Therapy Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Cold Pain Therapy Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Cold Pain Therapy Market
The global Cold Pain Therapy market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Cold Pain Therapy market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Cold Pain Therapy market.
Emergen Research has segmented the global cold pain therapy market on the basis of product, therapy type, application, distribution channel, and region:
Product Outlook (Revenue, USD Billion; 2019-2030)
- OTC-based Product
- Prescription Products
Therapy Type Outlook (Revenue, USD Billion; 2019-2030)
- Icepack therapy
- Chamber therapy
Application Outlook (Revenue, USD Billion; 2019-2030)
- Musculoskeletal disorders
- Sports medicine
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Retail pharmacy
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Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter’s Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Answered in the Report:
What will be the estimated growth rate of the Cold Pain Therapy market by 2030?
Who are the prominent distributors, vendors, and manufacturers of the market?
What are the driving and restraining factors of the growth of the Cold Pain Therapy market throughout the forecast period?
What are the current and future market trends of the Cold Pain Therapy market?
What are the sales and price analysis of the product by types, applications, and regions?
What are the expected opportunities for the companies and new entrants in the coming years?
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