Cold Pain Therapy Market Size, Industry Analysis Report,
Regional Outlook from 2017 to 2024.: Global Market
Insights Inc.
Cold Pain Therapy Market size should witness significant growth due to rising
incidences of sports injuries across the globe. As per CDC, an average of around 8.6
million individuals aged 5 years and above are affected with sports and recreational
injuries annually in the U.S. between 2011 and 2014 which further results in pain and
fuels the demand for products such as ice packs, patches, wraps, gels and ointments
over the coming few years.
Increasing awareness pertaining to prevention of sports injuries in children will assist
in overall business growth. Based on CDC, sports and recreational activities are the
major cause of traumatic brain injuries in children. Therefore, CDC has developed the
HEADS-UP initiative to provide information to parents, coaches, and athletes involved in
youth sports to prevent, recognize, and respond to a concussion.
Accelerating elderly population base prone to chronic ailments such as musculoskeletal
disorders, arthritis, spinal injuries, and bone disorders leading to pain and swelling will
further augment demand for cold pain therapy products. As per UN statistics,
population aged 60 years and above is anticipated to increase by approximately 56
percent, from 900 million to 1.4 billion in 2050. Rising demand from the aging women
to reduce post-operative pain will stimulate the cold pain therapy market growth over
the forecast timeline.
Growing need and adoption of topical analgesics over oral drugs due to the paramount
advantages offered by the former such as less systemic absorption, reduced side effects
and minimized risk of toxicity proves to be a convincing alternative for the healthy
management of severe and chronic pain situations boosting the cold pain therapy
market growth. Lack of reimbursement and complications and discomfort associated
with this therapy can hamper business growth over the forecast period.
The research report “Cold Pain Therapy Market Size, Industry Analysis Report,
Regional Outlook (U.S., Canada, Germany, UK, France, Japan, India, Australia,
China, Brazil, South Africa), Application Development Potential, Price Trends,
Competitive Market Share & Forecast, 2017 – 2024”, by Global Market Insights, Inc.
says Cold Pain Therapy Market size is projected to experience significant growth from
2017 to 2024.
https://www.gminsights.com/industry-analysis/cold-pain-therapy-market
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