Cold Pain Therapy Market Analysis: Opportunities and Challenges

The latest report titled Global Cold Pain Therapy Market contains an in-depth analysis of the fundamental parameters contributing to the global Cold Pain Therapy Market scenario. This research report offers readers an in-depth interpretation of the dynamics of the Cold Pain Therapy Market, in including key drivers, opportunities, threats, and challenges. The report also briefly discusses key business strategies, supply-demand ratios, key regions, prominent market players, and offers a future outlook for the overall Cold Pain Therapy market industry.

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The global cold pain therapy market size reached USD 1.70 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period. Increasing prevalence of bone diseases, growing number of knee and joint surgeries, and rising number of sports and gym Activities are some of the key factors increasing revenue growth of the cold pain therapy market. In addition, government agencies have also started investing to support this therapy, which is expected to rise the demand for this product.

Rising regulatory approvals and government funding for neurodegenerative diseases are contributing significantly to the market revenue growth. For instance, Food and Drug Administration (FDA) is steadily approving new treatments that significantly improve the lives of patients with a wide ran ge of diseases. The FDA has increased the number of medications it has approved in recent years that help patients with devastating and, in some cases, fatal diseases live better, longer lives, or even cure them. In 2020, the Center for Drug Evaluation and Research (CDER) approved 53 novel drugs, 40% of which were first-in-class approvals, either as New Molecular Entities (NMEs) under New Drug Applications (NDAs) or as new biological products under Biologics License Applications (BLAs).Eight new BLAs were approved by the Center for Biologics Evaluation and Research (CBER) in 2020.

关闭Parameters Analyzed in This Section:

Company Profiles

Gross Revenue

Profit margins

Product sales trends

Product pricing

Industry Analysis

Sales & distribution channels

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Emergen Research has segmented the global cold pain therapy market on the basis of product, therapy type, application, distribution channel, and region:

Product Outlook (Revenue, USD Billion; 2019-2030)
OTC-based Product
Pharmaceuticals
Roll-ons
Prescription Products
Others
Therapy Type Outlook (Revenue, USD Billion; 2019-2030)
Icepack therapy
Cryosurgery
Chamber therapy
Application Outlook (Revenue, USD Billion; 2019 -2030)
Oncology
Musculoskeletal disorders
Sports medicine
Others
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
Hospitals
Retail pharmacy
E-commerce
Competitive Outlook:

The global Cold Pain Therapy market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share , Thus limiting the entry of new players into the sector. The global Cold Pain Therapy market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.

Key Companies Profiled in the Report are:

Pfizer Inc., Sanofi, Johnson & Johnson Private Limited, Polar Products Inc., DJO, LLC, Hisamitsu Pharmaceutical Co., Inc., Mueller Sports Medicine, Inc., Romsons, Bruder Healthcare Company LLC., ThermoTek.

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Regional Outlook:

North America (the US, Canada, Mexico)

Europe (the UK, Germany, France, Italy)

Asia Pacific (India, China, Japan, Korea)

Latin America (Brazil, Argentina, Ecuador, Chile)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran)

Key Features of the Cold Pain Therapy Market Report:

The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats

The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares

Evaluation of key current and emerging market trends and growth prospects

It also offers research-backed estimates for the forecast period of eight years, primarily to estimate the potential market growth

Brief overview of industry with regards to research and development, technological advancements, and product development

In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario

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