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Global Hot and Cold Therapy Packs Market 2019-2023 - Product Image

Global Hot and Cold Therapy Packs Market 2019-2023

  • ID: 4808290
  • Report
  • July 2019
  • Region: Global
  • 143 pages
  • TechNavio
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FEATURED COMPANIES

  • 3M Co.
  • Cardinal Health Inc.
  • Colfax Corp.
  • Medline Industries Inc.
  • Orthofix Holdings Inc.
  • Pfizer Inc.
  • MORE
Global Hot and Cold Therapy Packs Market: About this market

Hot and cold therapy packs include all types of packs used to relieve pain, inflammation, stiffness, and soreness in muscle joints. The hot and cold therapy packs market analysis considers sales from both hot therapy packs and cold therapy packs. Our analysis also considers the sales of hot and cold therapy packs in North America, Europe, Asia, and the rest of the world (ROW). In 2018, the cold therapy packs segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as quick-relief action, long-lasting effect, and a significant reduction in swelling will play a significant role in the cold therapy packs segment to maintain its market position. Also, our global hot and cold therapy packs market report looks at factors such as an increase in a number of sports-related injuries, growth in aging population and increase in spinal cord injury, easy availability of hot and cold therapy packs through e-commerce websites. However, disadvantages related to prolonged use of heat and cold therapy, product recalls, availability of alternatives may hamper the growth of the hot and cold therapy packs industry over the forecast period.

Global Hot and Cold Therapy Packs Market: Overview

Increase in the number of sports-related injuries

Along with the rising participation in sports, the number of sports-related injuries is increasing. Sports-related injuries may involve ligaments, muscle, or bone, with stress fractures, Tennis/golf elbow (lateral/medial epicondylitis), strains, sprains, little league elbow or shoulder, jumper's knee (patellar tendonitis), shin splints, fractures, back injuries, spondylolysis, and concussion are different types of sports-related injuries. Sports injuries are often treated with hot and cold therapy packs as these can provide immediate relief and help in returning to the game early. Ice packs are ideal for providing relief to larger areas of swelling, pain, or spasms. This increase in demand will lead to the expansion of the global hot and cold therapy packs market at a CAGR of almost 8% during the forecast period.

The growing use of non-invasive and non-addictive pain relief therapies

Non-invasive techniques and therapies are preferred as non-invasive therapies do not require any hospital stays, do not involve invasive scars, and are affordable. Certain pain relief therapies can become addictive, such as the use of opioids for pain management. Apart from causing addiction or dependence, opioids lead to drowsiness, dizziness, respiratory depression, and persistent constipation. Hence, non-addictive pain relief therapies are safer than addictive pain relief therapies and are equally effective. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global hot and cold therapy packs market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading milk chocolate manufacturers, that include 3M Co., Cardinal Health Inc., Colfax Corp., Medline Industries Inc., Orthofix Holdings Inc., and Pfizer Inc.

Also, the hot and cold therapy packs market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Co.
  • Cardinal Health Inc.
  • Colfax Corp.
  • Medline Industries Inc.
  • Orthofix Holdings Inc.
  • Pfizer Inc.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • Cold therapy packs - Market size and forecast 2018-2023
  • Hot therapy packs - Market size and forecast 2018-2023
  • Market opportunity by product
PART 07: MARKET SEGMENTATION BY APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Arthritis - Market size and forecast 2018-2023
  • Injury - Market size and forecast 2018-2023
  • Chronic pain - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by application
PART 08: CUSTOMER LANDSCAPE

PART 09: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Asia - Market size and forecast 2018-2023
  • ROW - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS
  • The growing use of non-invasive and non-addictive pain relief therapies
  • The huge growth potential of the market in emerging economies s
  • Increasing healthcare spending
PART 13: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
PART 14: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 3M Co.
  • Cardinal Health Inc.
  • Colfax Corp.
  • Medline Industries Inc.
  • Orthofix Holdings Inc.
  • Pfizer Inc.
PART 15: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits:
Exhibit 01: Global medical devices market
Exhibit 02: Segments of global medical devices market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Product overview
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Product - Market share 2018-2023 (%)
Exhibit 19: Comparison by product
Exhibit 20: Cold therapy packs - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: Cold therapy packs - Year-over-year growth 2019-2023 (%)
Exhibit 22: Hot therapy packs - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Hot therapy packs - Year-over-year growth 2019-2023 (%)
Exhibit 24: Market opportunity by product
Exhibit 25: Application - Market share 2018-2023 (%)
Exhibit 26: Comparison by application
Exhibit 27: Arthritis - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: Arthritis - Year-over-year growth 2019-2023 (%)
Exhibit 29: Injury - Market size and forecast 2018-2023 ($ millions)
Exhibit 30: Injury - Year-over-year growth 2019-2023 (%)
Exhibit 31: Chronic pain - Market size and forecast 2018-2023 ($ millions)
Exhibit 32: Chronic pain - Year-over-year growth 2019-2023 (%)
Exhibit 33: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: Others - Year-over-year growth 2019-2023 (%)
Exhibit 35: Market opportunity by application
Exhibit 36: Customer landscape
Exhibit 37: Market share by geography 2018-2023 (%)
Exhibit 38: Geographic comparison
Exhibit 39: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 40: North America - Year-over-year growth 2019-2023 (%)
Exhibit 41: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 42: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 43: Asia - Market size and forecast 2018-2023 ($ millions)
Exhibit 44: Asia - Year-over-year growth 2019-2023 (%)
Exhibit 45: ROW - Market size and forecast 2018-2023 ($ millions)
Exhibit 46: ROW - Year-over-year growth 2019-2023 (%)
Exhibit 47: Key leading countries
Exhibit 48: Market opportunity
Exhibit 49: Impact of drivers and challenges
Exhibit 50: Vendor landscape
Exhibit 51: Landscape disruption
Exhibit 52: Vendors covered
Exhibit 53: Vendor classification
Exhibit 54: Market positioning of vendors
Exhibit 55: M Co. - Vendor overview
Exhibit 56: M Co. - Business segments
Exhibit 57: M Co. - Organizational developments
Exhibit 58: M Co. - Geographic focus
Exhibit 59: M Co. - Segment focus
Exhibit 60: M Co. - Key offerings
Exhibit 61: Cardinal Health Inc. - Vendor overview
Exhibit 62: Cardinal Health Inc. - Business segments
Exhibit 63: Cardinal Health Inc. - Organizational developments
Exhibit 64: Cardinal Health Inc. - Geographic focus
Exhibit 65: Cardinal Health Inc. - Segment focus
Exhibit 66: Cardinal Health Inc. - Key offerings
Exhibit 67: Colfax Corp. - Vendor overview
Exhibit 68: Colfax Corp. - Business segments
Exhibit 69: Colfax Corp. - Organizational developments
Exhibit 70: Colfax Corp. - Geographic focus
Exhibit 71: Colfax Corp. - Segment focus
Exhibit 72: Colfax Corp. - Key offerings
Exhibit 73: Medline Industries Inc. - Vendor overview
Exhibit 74: Medline Industries Inc. - Organizational developments
Exhibit 75: Medline Industries Inc. - Key offerings
Exhibit 76: Orthofix Holdings Inc. - Vendor overview
Exhibit 77: Orthofix Holdings Inc. - Business segments
Exhibit 78: Orthofix Holdings Inc. - Organizational developments
Exhibit 79: Orthofix Holdings Inc. - Geographic focus
Exhibit 80: Orthofix Holdings Inc. - Segment focus
Exhibit 81: Orthofix Holdings Inc. - Key offerings
Exhibit 82: Pfizer Inc. - Vendor overview
Exhibit 83: Pfizer Inc. - Business segments
Exhibit 84: Pfizer Inc. - Organizational developments
Exhibit 85: Pfizer Inc. - Geographic focus
Exhibit 86: Pfizer Inc. - Segment focus
Exhibit 87: Pfizer Inc. - Key offerings
Exhibit 88: Validation techniques employed for market sizing
Exhibit 89: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Co.
  • Cardinal Health Inc.
  • Colfax Corp.
  • Medline Industries Inc.
  • Orthofix Holdings Inc.
  • Pfizer Inc.
  • MORE
The following companies are recognised as the key players in the global hot and cold therapy packs market: 3M Co., Cardinal Health Inc., Colfax Corp., Medline Industries Inc., Orthofix Holdings Inc., and Pfizer Inc.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing use of non-invasive and non-addictive pain relief therapies.”

According to the report, one of the major drivers for this market is the increase in the number of sports-related injuries.

Further, the report states that one of the major factors hindering the growth of this market is the disadvantages related to the prolonged use of heat and cold therapy.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • 3M Co.
  • Cardinal Health Inc.
  • Colfax Corp.
  • Medline Industries Inc.
  • Orthofix Holdings Inc.
  • Pfizer Inc.
Note: Product cover images may vary from those shown
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