Market Analysis and Insights:- Global Cold Pain Therapy MarketGlobal Cold Pain Therapy Market By Product (OTC-based products {Pharmaceuticals, Medical Devices}, Prescription Based Products), Application (Musculoskeletal Disorder, Sport Medicine, Post-Operative, Post-trauma, Physical Therapy), Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026Market Analysis: Global Cold Pain Therapy MarketGlobal cold pain therapy market is expected to rise gradually registering a substantial CAGR of 5.3% in the forecast period of 2019-2026.
This rise in market value can be attributed to Increase in the number of injuries caused during sports activities, rise in emphasis on exercise and gym activities to maintain health, growth in health care expenditure due to physical injuries caused by obesity or lack of activity and stringent regulatory approval process for oral pain medicines during the forecast period .The increase in market value can be attributed to rise in the number of injuries due to sports activities, increase in geriatric population, exercise and gym activities for health maintenance, increase in health care expenditure due to obesity and supportive initiative of the government is flourishing the market growth.Get More Insight About the Global Cold Pain Therapy Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-cold-pain-therapy-market Market Definition: Global Cold Pain Therapy MarketCold therapy also known as cryotherapy uses cold material for relieving local pain, myofascial pain and pain due to muscle spasm.
This cold treatment slows down the blood flow to the injury and hence reducing the swelling and pain.
The use of ice packs is most widely used as a primary analgesic in relieving pain.
Mainly the injuries caused due to the sports activity, gym activities are the major drivers for the growth of this market.Market DriversIncrease in geriatric population is enhancing the market growthIncrease in demand of cold pain therapy mainly in the field of sports injury is a driving factor for the market growthAvailability of several products for pain relief in the market is accelerating the growth in the marketGrowing awareness among consumers owing to promotional marketing strategiesSupportive initiative of the government is flourishing the market growthMarket RestraintsSide effects due to use of cold pain therapies coupled with various discomforts is a restraint in the market growthThe clinical evidence for the medication of cold pain therapy is also hampering the market growthKnow More About this Report @ https://www.databridgemarketresearch.com/reports/global-cold-pain-therapy-market Segmentation: Global Cold Pain Therapy MarketBy ProductOTC ProductsPharmaceuticalsGels, Ointments and CreamsSprays and FoamsPatchesRoll-onsMedical DevicesCooling TowelsCompressesWrapsPadsCold packsPrescription Products Motorized DevicesNon-motorized Devices By ApplicationMusculoskeletal DisordersSports MedicinePost-Operative TherapyPost-Trauma TherapyBy Therapy: Icepack Therapy Chamber Therapy CryosurgeryBy Distribution ChannelHospitals PharmaciesOnline PharmaciesRetail PharmaciesBy GeographyNorth AmericaU.S.CanadaMexicoSouth AmericaBrazilArgentinaRest of South AmericaEuropeGermanyFranceUnited KingdomItalySpainRussiaTurkeyBelgiumNetherlandsSwitzerlandRest of EuropeAsia-PacificJapanChinaSouth KoreaIndiaAustraliaSingaporeThailandMalaysiaIndonesiaPhilippinesRest of Asia PacificMiddle East & AfricaSouth AfricaEgyptSaudi ArabiaUnited Arab EmiratesIsraelRest of Middle East & AfricaKey Developments in the Market:In June 2018, Halyard Health, Inc. in Alpharetta announced a definitive agreement to acquire Cool Systems, Inc., marketed as Game Ready, a provider of cold therapy and compression therapy systems.
This would help in broadening the orthopedic footprint and would provide innovative non-opioid therapies that reduce or eliminate the usage of opioids for surgical patientsIn April 2019, Pacira BioSciences, Inc. announced its acquisition with MyoScience, Inc. (“MyoScience”), which will advance the non-opioid pain management by adding the FDA-approved iovera system to the Pacira commercial offering.