The
global Cold Pain Therapy Market size is expected to reach
USD 2.3 billion by 2026, according to a new report by Grand View Research,
Inc., exhibiting a CAGR of 4.9%. Rising incidence of orthopedic diseases has
led to high growth of the market. CDC estimated that nearly 78 million people in
the U.S., aged 18 years or above, are expected to be diagnosed with arthritis
by 2040.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/cold-pain-therapy-market
Rising
number of road accidents and traumatic injuries is leading to a high growth of
the market. According to WHO data, every year nearly 10 million people suffer
injuries in road accidents or incur a disability as a result of injuries in
head, chest, arms, and legs. Thus, with the increasing number of road
accidents, the demand for therapy products for pain management is rising.
Increasing number of sports injuries also play a pivotal role in the rising
demand for these products. The most common types of sport injuries are
dislocated joints, muscle sprains & strains, tear of ligaments &
tendons that hold the joints together, and fractured bones, including the
vertebrae.
Geriatric
population is a significant target population driving the market. Countries
such as Germany and China have high geriatric population base. This factor is
contributing to market growth. According to CDC, 1 in every 4 adults are
affected by osteoarthritis. Thus, rising geriatric population is expected to
increase the demand for cold pain therapy products.
Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/cold-pain-therapy-market
Further key findings from the study suggest:
- OTC products
dominated the market in 2018 due to affordability and easy availability of
products such as creams, gels, sprays, and roll-ons
- Orthopedic
conditions held a significant market share in 2018 owing to rising
prevalence of various musculoskeletal and joint disorders, such as
osteoarthritis
- The sports
medicine segment is expected to witness a significant growth during the
forecast period due to increasing number of sport-related injuries
- Retail
pharmacies accounted for a considerable revenue share in 2018, owing to
increase in their demand due to easy availability of products
- Among all
distribution channels, e-commerce is expected to grow at the highest CAGR
during the forecast period, owing to lucrative offers and discounts
available online
- North
America dominated the cold pain therapy market in 2018 due to factors such
as an increase in the prevalence of orthopedic disorders and presence of
key market players in the region
- Asia Pacific
is likely to grow at a high rate over the forecast period due to rising
geriatric population, coupled with growing healthcare awareness in the
region
- Some of the
major companies in the market are Beiersdorf; Breg, Inc.; DJO Global;
Hisamitsu Pharmaceutical Co., Inc.; Johnson & Johnson; and Össur
Corporate.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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