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Cold Pain Therapy Market by Product (OTC (Gels, Sprays, Patches, Cold Packs, Wraps, Pads, and Roll-Ons), Prescription-Based (Motorized, Non-Motorized Devices), Applications – Global Forecast to 2023 – ResearchAndMarkets.com

The “Cold
Pain Therapy Market by Product (OTC (Gels, Sprays, Patches, Cold Packs,
Wraps, Pads, and Roll-Ons), Prescription-Based (Motorized, Non-Motorized
Devices), Applications – Global Forecast to 2023” report has
been added to ResearchAndMarkets.com’s offering.

The global cold pain therapy market is projected to reach USD 2.12
billion by 2023 from USD 1.69 billion in 2018, at a CAGR of 4.6%

The increasing incidence of sports injuries and rising emphasis on
exercise and gym activities, growing number of hip and knee surgeries
across the globe, and growing need for safer pain management modalities
as opposed to oral drug therapy are expected to drive the demand for
cold pain therapy products during the study period. On the other hand,
lack of reimbursement and high usage of low-priced analgesic pills for
immediate pain relief across the globe may limit market growth during
the forecast period.

The OTC products segment accounted for the larger share of the global
cold pain therapy market in 2017. This can be attributed to factors such
as high patient preference for topical pharmaceuticals compared to oral
medications owing to its lower side effects, fast pain relief, and
convenience in use.

The market is segmented into musculoskeletal disorders, post-operative
therapy, sports medicine, and post-trauma therapy on the basis of
application. In 2017, the musculoskeletal disorders segment is growing
at the highest CAGR during the forecast period. The increasing incidence
of arthritis, osteoarthritis, back pain, and joint pain; rising
geriatric population; increasing trend of self care; and the growing
preference for topical analgesics to manage musculoskeletal pain are
some of the major factors driving the growth of this market segment.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Cold Pain Therapy Market, By Product

7 Cold Pain Therapy Market, By Application

8 Cold Pain Therapy Market, By Region

9 Competitive Landscape

10 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/9tm62k/cold_pain_therapy?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005695/en/