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The global Cold Pain Therapy market size was valued at USD 392.11 Million in 2022 and will reach USD 552.14 Million in 2028, with a CAGR of 5.87% during 2022-2028.
The cold pain therapy, name it suggests that it includes the usage of cold materials in relieving pain. Cryotherapy commonly used is an essential injury management skill. Cold therapy reduces the blood circulation, thereby reduces inflammation, muscle spasm and pain. Cold therapy is also known as cryotherapy. It works by reducing blood flow to a particular area, which can significantly reduce inflammation and swelling that causes pain, especially around a joint or a tendon. It can temporarily reduce nerve activity, which can also relieve pain.
Influence of COVID-19 Outbreak on Cold Pain Therapy Industry Development
The sudden outbreak of the COVID-19 pandemic has caused many countries/regions to implement strict lockdown regulations, leading to the interruption of the import and export activities of cold pain therapy products. COVID-19 can affect the global economy in three main ways: directly affecting production and demand, leading to supply chain and market disruptions, and financial impact on companies and financial markets. The outbreak of the COVID-19 pandemic has severely affected the cold pain therapy product industry. Due to the national blockade, the supply chain of raw materials was interrupted, putting pressure on the supply of products in the industry. Cold pain therapy products have a high demand for diversified distribution channels. The convenience of distribution channels requires smooth logistics and flexible dealers. However, emotions have dealt a heavy blow to logistics, seriously affecting the speed of turnover, labor shortages and increased raw material costs, etc. Factors will increase production costs and risks. At the same time, under the impact of the capital market, investor confidence has been frustrated, and corporate financing has become more difficult.
The COVID-19 pandemic has significantly affected the cold pain therapy market. Due to the pandemic, the cold pain therapy market experienced short-term negative growth, which can be attributed to a sharp reduction in access to hospital and retail pharmacies and the temporarily shutdown of orthopedic clinics and rehabilitation centers. The US witnessed a decline of 30-60% in hospital visits after the announcement of nationwide lockdown measures (Source: The Commonwealth Fund, 2020). The restricted or limited access to rehabilitation clinics, temporary closure of gyms and fitness centers, restrictions on outdoor sporting activities, and social distancing measures resulted in a reduction in the number of trauma and sports injuries. This further reduced the sales of cold pain therapy products.
Region Overview:
North America had the highest growth rate of all regions.
Company Overview:
BREG is one of the major players operating in the Cold Pain Therapy market, holding a share of 17.38% in 2021.
BREG, Inc. manufactures and markets sports medicine products. The Company offers knee, hip, elbow, spine, foot, and ankle braces, as well as provides canes crutches walkers and home therapy kits.
DJO is a medical device company that produces a variety of orthopedic products for rehabilitation, pain management and physical therapy. It has multiple divisions including Bracing & Supports, Surgical, Footcare, Healthcare Solutions, Recovery, and Consumer.
Segmentation Overview:
Among different product types, Motorized Devices segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Sports Team segment occupied the biggest share from 2017 to 2022.
The Cold Pain Therapy market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Cold Pain Therapy market covered in Chapter 4:
BREG
PowerPlay
Polar Products
DJO Global
Össur
Xiangyu Medical
Hyperlce
Coolsystems
ThermoTek
In Chapter 12 and Chapter 14.1, on the basis of types, the Cold Pain Therapy market from 2018 to 2028 is primarily split into:
Motorized Devices
Non-Motorized Devices
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Cold Pain Therapy market from 2018 to 2028 covers:
Hospitals & Clinics
Rehabilitation Center
Sports Team
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Cold Pain Therapy market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Cold Pain Therapy market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Cold Pain Therapy industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Cold Pain Therapy industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Cold Pain Therapy market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Cold Pain Therapy market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Cold Pain Therapy market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Cold Pain Therapy market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
2022
The cold pain therapy, name it suggests that it includes the usage of cold materials in relieving pain. Cryotherapy commonly used is an essential injury management skill. Cold therapy reduces the blood circulation, thereby reduces inflammation, muscle spasm and pain. Cold therapy is also known as cryotherapy. It works by reducing blood flow to a particular area, which can significantly reduce inflammation and swelling that causes pain, especially around a joint or a tendon. It can temporarily reduce nerve activity, which can also relieve pain.
Influence of COVID-19 Outbreak on Cold Pain Therapy Industry Development
The sudden outbreak of the COVID-19 pandemic has caused many countries/regions to implement strict lockdown regulations, leading to the interruption of the import and export activities of cold pain therapy products. COVID-19 can affect the global economy in three main ways: directly affecting production and demand, leading to supply chain and market disruptions, and financial impact on companies and financial markets. The outbreak of the COVID-19 pandemic has severely affected the cold pain therapy product industry. Due to the national blockade, the supply chain of raw materials was interrupted, putting pressure on the supply of products in the industry. Cold pain therapy products have a high demand for diversified distribution channels. The convenience of distribution channels requires smooth logistics and flexible dealers. However, emotions have dealt a heavy blow to logistics, seriously affecting the speed of turnover, labor shortages and increased raw material costs, etc. Factors will increase production costs and risks. At the same time, under the impact of the capital market, investor confidence has been frustrated, and corporate financing has become more difficult.
The COVID-19 pandemic has significantly affected the cold pain therapy market. Due to the pandemic, the cold pain therapy market experienced short-term negative growth, which can be attributed to a sharp reduction in access to hospital and retail pharmacies and the temporarily shutdown of orthopedic clinics and rehabilitation centers. The US witnessed a decline of 30-60% in hospital visits after the announcement of nationwide lockdown measures (Source: The Commonwealth Fund, 2020). The restricted or limited access to rehabilitation clinics, temporary closure of gyms and fitness centers, restrictions on outdoor sporting activities, and social distancing measures resulted in a reduction in the number of trauma and sports injuries. This further reduced the sales of cold pain therapy products.
Region Overview:
North America had the highest growth rate of all regions.
Company Overview:
BREG is one of the major players operating in the Cold Pain Therapy market, holding a share of 17.38% in 2021.
BREG, Inc. manufactures and markets sports medicine products. The Company offers knee, hip, elbow, spine, foot, and ankle braces, as well as provides canes crutches walkers and home therapy kits.
DJO is a medical device company that produces a variety of orthopedic products for rehabilitation, pain management and physical therapy. It has multiple divisions including Bracing & Supports, Surgical, Footcare, Healthcare Solutions, Recovery, and Consumer.
Segmentation Overview:
Among different product types, Motorized Devices segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Sports Team segment occupied the biggest share from 2017 to 2022.
The Cold Pain Therapy market report covers sufficient and comprehensive data on market introduction, segmentations, status and trends, opportunities and challenges, industry chain, competitive analysis, company profiles, and trade statistics, etc. It provides in-depth and all-scale analysis of each segment of types, applications, players, 5 major regions and sub-division of major countries, and sometimes end user, channel, technology, as well as other information individually tailored before order confirmation.
Meticulous research and analysis were conducted during the preparation process of the report. The qualitative and quantitative data were gained and verified through primary and secondary sources, which include but not limited to Magazines, Press Releases, Paid Databases, Maia Data Center, National Customs, Annual Reports, Public Databases, Expert interviews, etc. Besides, primary sources include extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs, and marketing executives, downstream distributors, as well as end-clients.
In this report, the historical period starts from 2018 to 2022, and the forecast period ranges from 2023 to 2028. The facts and data are demonstrated by tables, graphs, pie charts, and other pictorial representations, which enhances the effective visual representation and decision-making capabilities for business strategy.
Key Companies in the global Cold Pain Therapy market covered in Chapter 4:
BREG
PowerPlay
Polar Products
DJO Global
Össur
Xiangyu Medical
Hyperlce
Coolsystems
ThermoTek
In Chapter 12 and Chapter 14.1, on the basis of types, the Cold Pain Therapy market from 2018 to 2028 is primarily split into:
Motorized Devices
Non-Motorized Devices
In Chapter 13 and Chapter 14.2, on the basis of the Downstream Industry, the Cold Pain Therapy market from 2018 to 2028 covers:
Hospitals & Clinics
Rehabilitation Center
Sports Team
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, history and forecast (2018-2028) of the following regions are covered in Chapters 6, 7, 8, 9, 10, 11, 15:
North America (United States, Canada, Mexico)
Europe (Germany, United Kingdom, France, Italy, Spain)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, UAE, South Africa)
Outline:
Chapter 1 begins with the Cold Pain Therapy market scope and definition, product segment introduction, global overall market size, as well as market dynamics scenarios such as opportunities, challenges, and industry development trends under inflation. It offers a high-level view of the current state of the Cold Pain Therapy market and its likely evolution in the short to mid-term and long term.
Chapter 2 provides Cold Pain Therapy industry chain analysis, covering raw materials analysis, cost structure, price estimate, and forecast, along with price-impacting factors, downstream channels, and major customers. It aims to help readers to grab insights into product upstream, midstream, and downstream fields.
Chapter 3 depicts Cold Pain Therapy industry competitive analysis regarding market concentration rate, saturation rate, feasibility analysis from new entrants, as well as substitute's status and trends. It indicates the developing space and prospects of the current industry.
Chapter 4 analyzes extensive company profiles, comprising company basic info, product or service profiles, and sales, price, value, gross, and gross margin 2018-2023. It incorporates the Cold Pain Therapy market ranking, benchmarks, and company business portfolio.
Chapter 5 presents trade statistics of import and export volume from 2018-2023, demonstrating domestic and international market comparisons in specific countries.
Chapters 6-10 highlight Cold Pain Therapy market status at the regional and country levels, including 5 major regions of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The region and country list in the sample is only for reference, and it can be adjusted as required.
Chapter 11 involves geographical market figures of sales, value, market share, and growth rate. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of each specific region.
Chapters 12-13 evaluate the Cold Pain Therapy market based on different types and applications. It focuses on sales and value of 2018-2023 from both vertical and horizontal perspectives.
Chapters 14-15 elaborate on the Cold Pain Therapy market forecast data from 2023-2028, segmented by types and applications, regions, and major countries, helping readers to know future aspects and growth trends.
Chapter 16 ends with an elaboration of data sources and research methodology. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
