Cold Pain Therapy Market Size, Share, Growth Analysis, By Product(OTC Products, Gels), By Application(Orthopedic Conditions, Post-operative Therapy), By Distribution Channel(Hospital Pharmacy, Retail Pharmacy), By Regional(North America, Europe) - Industry Forecast 2024-2031

Cold Pain Therapy Market Competitive Landscape

To understand the competitive landscape, we are analyzing key Cold Pain Therapy Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Cold Pain Therapy Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

• are increasingly manufacturing a variety of products specifically designed for people who incurred sports-related injuries. Moreover, post-trauma held the largest share of the market in 2018 due to the increasing incidence of traumatic injuries. An increasing number of road accidents is driving the growth of this segment.
• Distribution Channel Insights
• Among all distribution channels, retail pharmacy held the largest share of the market in 2018 due to the easy availability of a wide range of products. In addition, the rising number of retail pharmacies in both developed, as well as developing countries, has led to high growth of this segment. Topical products are widely available in retail pharmacies. This is expected to drive the growth of the segment.
• The e-commerce segment is expected to witness significant growth over the forecast period due to the rising convenience in choosing from websites that offer a range of products, along with detailed product information. Moreover, lucrative offers and discounts available on different websites are driving the growth of this segment. Thus, the rise in e-commerce positively impacts market growth by facilitating consumers to purchase products at their convenience.
• Regional Insights
• In 2018, North America dominated the global market due to factors such as a rise in the prevalence of orthopedic diseases, coupled with the high adoption of advanced devices in the region. Increasing the geriatric and obese population is expected to result in a growing prevalence of osteoporosis in the U.S. In addition, the presence of KEY PLAYERS with wide distribution networks is expected to drive growth in North America.
• The market in Asia Pacific is expected to grow at a significant rate over the forecast period. This can be attributed to developing economies and growing healthcare awareness in the region. Osteoarthritis and other orthopedic problems are aging-related diseases and mostly occur among people aged 60 & above. Thus, increasing aging population and rising demand for pain management treatments are driving growth in Asia Pacific.
• Cold Pain Therapy Market Share Insights
• Key manufacturers are adopting strategic initiatives, such as mergers & acquisitions, new product development, and regional expansion, to improve their market position. For instance, in 2016, Breg introduced VPULSE therapy, a device that aids in DVT prevention, along with a combination of wound compression and cold therapy. Breg has a wide portfolio of cold pain therapy products, including Intelli-Flo, which provides cold therapy with static compression. Some of its other products are Polar wraps and Polar Care Packs.
• KEY MARKET SEGMENTS
• By Product
• OTC Products
• Gels, Ointments, & Creams
• Sprays & Foams
• Patches
• Roll-Ons
• Cold Packs
• Others
• Prescription Products
• Motorized Devices
• Non-motorized Devices
• By Application
• Orthopedic Conditions
• Post-operative Therapy
• Sports Medicine
• Post-trauma Therapy
• By Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• E-Commerce
• By Regional
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
• KEY PLAYERS
• Beiersdorf
• Breg, Inc.
• DJO Global
• Hisamitsu Pharmaceutical Co., Inc.
• Johnson & Johnson
• ÖssurCorporate
• Performance Health
• Pfizer, Inc.
• DeRoyal Industries, Inc.
• Romsons Group of Industries