About Heat Therapy
Heat therapy is also known as thermotherapy in which the use of heat in therapy to remove pain relief and health. It can be in form of a hot cloth, hot water bottle, ultrasound, heating pad, hydro collator packs, whirlpool baths, cordless FIR heat therapy wraps, and others. Heat therapy work for improving circulation and blood flow to relax, smooth muscles, and heal damaged tissue. Geogrpahycially Asia pacific is leading for consumption heat therapy which is driving the growth of the market over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is expected to grow market in the Health care as well as the manufacturing sector. Dry, moist hot, and cold packs of heat therapy are driving the growth of the market. Several companies are operating in the market to provide customers better offer with various features & unique offerings and Prices. The market is a highly fragmented market with the presence of several market players and local players. Hence it is triggering the market growth over the forecast period Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Odyssey product (India), Fierce Pharma (United States), ACP (United States), ASTAR (Spain), Biotech (India), BTL International (United State), Current Solutions (United State), Elettronica Pagani (Italy), Enraf-Nonius (Netherlands), Fisioline (Italy), Fysiomed (Netherlands), Guangzhou Longest Science & Technology (China), Polar Products Inc. (United State), Dynarex Corporation (United State), Kaz Inc. (United State), Scrip Hessco (United States) and Other are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Heat Therapy market by Type (Hot pack, Cold pack and Electric heating pack) and Region.
On the basis of geography, the market of Heat Therapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End use, the sub-segment i.e. Household will boost the Heat Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Hot pack will boost the Heat Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sale Channel , the sub-segment i.e. Offline will boost the Heat Therapy market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The eCommerce industry is driving product uptake of heating pads, back wraps, Heat therapy with Innovative knee and neck heat wrap equipment with rechargeable battery is trending in the market and Challenges
Market Growth Drivers:
Increasing sports injuries and accident cases are propelling the growth of the heat therapy market. and Home care services and self-care devices for pain management favors are driving the growth of the market.
Challenges:
Electric equipment consume a large amount of electricity
Restraints:
Damage to inner muscles and risks in blood pressure (BP) patients is dominating the growth of sales, Opportunities and Heat therapy with innovative knee heat wraps is eliminating the need for wires in order to recharge batteries.
Market Leaders and their expansionary development strategies
In October 2023, Bodycote has completed its acquisition of Lake City HT. The consideration paid on closing was USD 66.5 million on a cash and debt-free basis. After expected tax benefits worth approximately USD 7.5 million, the net economic price paid was USD 59.0 million, resulting in an acquisition multiple of less than 7.5x 2024 EBITDA.
In July 2023, Solvay, a leader in naturally derived ingredients for beauty care formulations, launched Polycare Heat Therapy, a new functional active ingredient that protects hair from thermal damage due to repeated use of hair styling appliances operating at very high temperatures.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.