Advances in Cold Pain Therapy: Understanding the Market and Its Potential
Emergen Research’s latest document, titled ‘Global Cold Pain Therapy Market - Forecast to 2030,’ is one of the most sought-after market reports involving an in-depth analysis of the global Cold Pain Therapy Market. The report’s authors have offered necessary details on the latest Cold Pain Therapy Market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Cold Pain Therapy Market industry entails useful insights into the estimated Cold Pain Therapy Market size, revenue share, and sales & distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcome in the near future.
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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.
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). Eight new BLAs were approved by the Center for Biologics Evaluation and Research (CBER) in 2020.
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales & distribution channels
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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
Pharmaceuticals
Roll-ons
Prescription Products
Others
Therapy Type Outlook (Revenue, USD Billion; 2019-2030)
Icepack therapy
Cryosurgery
Chamber therapy
Application Outlook (Revenue, USD Billion; 2019-2030)
Oncology
Musculoskeletal disorders
Sports medicine
Others
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
Hospitals
Retail pharmacy
E-commerce
Competitive Outlook:
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.
Key Companies Profiled in the Report are:
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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Regional Outlook:
North America (the U.S., Canada, Mexico)
Europe (the U.K., Germany, France, Italy)
Asia Pacific (India, China, Japan, Korea)
Latin America (Brazil, Argentina, Ecuador, Chile)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)
Key Features of the Cold Pain Therapy Market Report:
The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats
The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares
Evaluation of key current and emerging market trends and growth prospects
It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth
Brief overview of industry with regards to research and development, technological advancements, and product development
In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario
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