Cold Pain Therapy Market Research, 2032
The global cold pain therapy market size was valued at $1.9 billion in 2022, and is projected to reach $3 billion by 2032, growing at a CAGR of 5.1% from 2023 to 2032. Growth of the global cold pain therapy market is majorly driven by rise in prevalence of musculoskeletal disorders such as osteoarthritis, joint pain and rheumatoid arthritis, increase in number of geriatric populations in developing countries and rise in adoption of cold pain therapy for pain management. Moreover, the increase in the number of surgical procedures contributes to the growth of the market. Furthermore, the rising disposable income and growing awareness for non-pharmacological pain therapy management system propel the growth of the market.
Key Takeaways:
- By product, the OTC products segment dominated the cold pain therapy market in 2022.
- By application, the musculoskeletal disorders segment dominated the market in 2022.
- By distribution channel, the retail pharmacies segment dominated the market in 2022.
- By region, North America dominated the cold pain therapy market in 2022 and is expected to grow during the forecast period.
Cryotherapy means cold therapy. Cold therapy can be applied in different ways. That can include ice packs, coolant sprays, ice massage, whirlpools, and ice baths. When used to treat injuries at home, cold therapy refers to therapy with ice or gel packs that are usually kept in the freezer until needed. These are one of the simplest, time-tested remedies for managing pain and swelling. It works by reducing blood flow to a particular area, which can significantly reduce inflammation and swelling that causes pain, especially around a joint or a tendon. It can temporarily reduce nerve activity, which can also relieve pain.
Market Dynamics
Cold pain therapy plays a major role in managing the pain caused due to musculoskeletal disorder or sports related injuries. Thus, a rise in the number of sports-related injuries is anticipated to fuel the demand for cold pain therapy products that boost the growth of the cold pain therapy market size. For instance, according to data published by the National Safety Council in 2022 following a record low number of sports and recreational injuries reported in 2020, injuries increased 20% in 2021 and now have increased another 12% in 2022. In 2022, 3.6 million people were treated in emergency departments for injuries involving sports and recreational equipment. The activities most frequently associated with injuries are exercise, cycling, and basketball. Thus, the rise in the number of sports injuries is expected to cintribute significantly in the cold pain therapy market growth..
Moreover, increase in awareness among patients and healthcare providers about the benefits of cold therapy for pain management is expected to boosts the growth of the cold pain therapy market share. Patients are becoming more informed about the efficacy of cold therapy in alleviating various types of pain, ranging from acute injuries to chronic conditions.
Furthermore, healthcare providers are actively promoting and incorporating cold therapy into their treatment regimens, acknowledging its potential to offer non-invasive and drug-free solutions for pain. The growing scientific evidence supporting the effectiveness of cold therapy in reducing inflammation, numbing tissues, and facilitating a speedier recovery has played a pivotal role in rise in awareness about the benifites of cold pain therapy. Thus, the rise in awareness about the cold pain therapy as an effective pain management method is expected to present significant cold pain therapy market opportunity for growth.
Furthermore, the surge in geriatric population is expected to drive the cold pain therapy market growth. Aging is often accompanied by a higher prevalence of chronic conditions such as arthritis, musculoskeletal disorders, and other ailments that result in persistent pain. Cold pain therapy, including cold packs, wraps, and topical analgesics, emerges as a valuable and non-invasive option for addressing the discomfort associated with musculoskeletal disorders. The elderly population, seeking alternatives to traditional pharmaceutical interventions, has fueled the adoption of cold pain therapy due to its safety and ease of use. Thus the rise in geriatric population is expected to drive the growth of the cold pain therapy industry.
In addition, according to cold pain therapy market analysis increase in the number of surgical procedures is expected to present significant opportunity for market growth. The rise in surgical interventions, driven by an aging population, advancements in medical technology, and an increasing prevalence of chronic conditions, has created a substantial need for effective post-operative pain management solutions. For instance, the 2022 American Joint Replacement Registry (AJRR) annual report includes data from over 2.8 million hip and knee procedures from over 1250 institutions encompassing all 50 states and the district of Columbia.
The cold pain therapy has emerged as promising solution for the post operative rehabilitation owing to ability of cold therapy to mitigate swelling, inflammation, and discomfort, thereby expediting the recovery process. Thus, surge in surgical procedure is expected to present significant cold pain therapy market opportunity for growth.
Moreover, according cold pain therapy market forecast the technological advancements in cold pain therapy is expected to drive the growth of the market. One notable advancement is the integration of cryotherapy with smart technologies, allowing for precise temperature control and personalized treatment regimens. Smart cold pain therapy devices often come equipped with sensors and connectivity features, enabling real-time monitoring and adjustment of therapeutic parameters. This not only enhances the user experience but also ensures optimal and tailored pain management. Thus, the technological advancement in the cold pain therapy devices is expected to drive the growth for the cold pain therapy industry.
Segmental Overview
The cold pain therapy market is segmented into product, application, distribution channel, and region. On the basis of product, the market is bifurcated into OTC products and prescription products. The OTC products are further bifurcated into creams, gels, patches and others and the prescription products are sub-segmented into motorized devices and non-motorized devices. On the basis of application, it is segregated into musculoskeletal disorders, post-operative therapies, sport injuries and post-trauma therapy. On the basis of distribution channel, it is segmented into hospital pharmacies, retail pharmacies and online pharmacies. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
By Product
On the basis of product, the cold pain therapy market is categorized into OTC products and prescription products. The OTC products segment dominated the market in 2022 and is expected to continue this trend during the forecast period, owing to high adoption of creams and gels for cold pain management.
By Application
On the basis of application, the cold pain therapy market is categorized into musculoskeletal disorders, post-operative therapies, sport injuries and post-trauma therapy. The musculoskeletal disorders segment dominated the market in 2022 and is expected to continue this trend during the forecast period, owing to rise in prevalence of musculoskeletal disorders and surge in geriatric population.
By Distribution Channel
On the basis of distribution channel, cold pain therapy market is segmented into hospital pharmacies, retail pharmacies and online pharmacies. The retail pharmacies segment dominated the market in 2022, owing to immediate availability of OTC cold pain therapy products. However online pharmacies segment is expected to register fastest growth owing to the growing trend towards online pharmacies.
By Region
On the basis of region the market is analyzed across North America, Europe, Asia-Pacific and Latin America and Middle East and Africa. The North America cold pain therapy market is expected to grow during the forecast period owing to the high incidence of musculoskeletal disorders, such as arthritis and sports injuries, in North America and increase in awareness among healthcare professionals and the general population about the benefits of cold pain therapy for pain management contributes to the demand for cold pain therapy products that boost the market growth.
However, the Asia-Pacific cold pain therapy market is expected to grow during the forecast period, owing to a rise in geriatric population and increase in the burden of cancer and chronic disease. In addition, increase in disposable income, high population base, improvement in healthcare infrastructure, and increase in awareness regarding advantages of non-invasive pain management.
Competition Analysis
Some of the major companies that operate in the global cold pain therapy market include Romsons Group of Industries, Cardinal Health Inc, Sanofi, Breg Inc., Medline Industries LP, Ossur, Hisamitsu Pharmaceutical Inc, Beiersdorf AG, 3M and ThermoTek Inc.
Recent Developments in Cold Pain Therapy
In March 2021 Hisamitsu America, a division of Hisamitsu Pharmaceutical Co., Inc., and the manufacturers of the Salonpas line of pain-relieving products, announce the availability of the Salonpas arthritis pain relief gel, which features the most prescribed topical pain medicine clinically proven to relieve arthritis pain in major joints.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cold pain therapy market analysis from 2022 to 2032 to identify the prevailing cold pain therapy market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cold pain therapy market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cold pain therapy market trends, key players, market segments, application areas, and market growth strategies.
Cold Pain Therapy Market Report Highlights
| Aspects | Details |
 Forecast period | 2022 - 2032 |
 Report Pages | 240 |
 By Product |
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 By Application |
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 By Distribution Channel |
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 By Region |
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 Key Market Players | Hisamitsu Pharmaceutical Co.,Inc., Romsons Group of Industries Pvt. Ltd., Össur, Cardinal Health Inc., Beiersdorf AG, 3M Company, Sanofi, ThermoTek Inc, Bruder Healthcare Company LLC, Medline Industries, LP |
Analyst Review
Cold therapy or cryotherapy is a popular treatment method for sports injuries. It is important for first aid for acute (sudden onset) sports injuries as well as being beneficial for long-term, chronic injuries. That can include ice packs, coolant sprays, ice massage, whirlpools, and ice baths. These are one of the simplest, time-tested remedies for managing pain and swelling.
This section provides various opinions of top-level CXOs in the cold pain therapy market. According to several interviews conducted, the cold pain therapy market is expected to witness significant growth in the future, owing to the rise in incidence of musculoskeletal disorders including arthritis, osteoarthritis, joint disorders and others has increased the need for cold pain therapy products is the major factor that is anticipated to boost the growth of the market. Moreover, an increase in the number of key strategies adopted by the market players is expected to fuel growth of the cold pain therapy market.
For instance, in March 2023, HealthMe and Breg, Inc., an orthopedic bracing and billing company, announced the launch of a direct-pay eCommerce engine that will enable orthopedic providers to easily capture patient payments for the company’s line of cold therapy devices. Breg selected HealthMe, the market leader in orthopedic direct-pay solutions, to power the eCommerce engine. Thus, the growing awareness of cold pain therapy benefits, rising healthcare expenditure and increase in prevalence of chronic pain conditions, such as osteoarthritis and fibromyalgia are the key factors attributing to the growth of the market.
The total market value of cold pain therapy market in 2022 is $ 1.9 billion.
What is the total market value of cold pain therapy market in 2032 is $3 billion.
North America is the largest regional market for cold pain therapy market.
The forecast period for cold pain therapy market is 2023 to 2032.
The base year in cold pain therapy market is 2022.
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