Global Hot and Cold Therapy Packs Market Overview:
Hot and cold therapy packs used for muscle relaxation which increased blood flow to promote healing. Hot and cold therapy packs are mostly used for arthritis pain, relieve soft tissue injuries and other strains sprain headaches. Rising geriatric population and increasing chronic diseases boosting the demand for hot and cold therapy packs.
As per latest study released by AMA Research, the Global Hot and Cold Therapy Packs market is expected to see growth rate of 5.9%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising Preference of Non-Invasive and Non-Addictive Therapie
Market Growth Drivers:
Increasing Incidences of Sports-Related Injuries and Rising Geriatric Population with Increasing Muscles Related Pain
Challenges:
Availability of Herbal and Reusable Packs in the Market
Opportunities:
Increasing Research and Development Activities to Develop a New Product and Growth in the Demand of Hot and Cold Therapy Packs in Emerging Countries
Competitive Landscape:
Key players are adopting numerous strategies to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnerships to adopt certain technologies, and acquiring small players to finish the competition in the future. As well as investing money in the R&D sector to make technical upgrades to the product.
Some of the key players profiled in the report are 3M Company (United States), Beiersdorf Australia Ltd. (Australia), Breg, Inc. (United States), Bruder Healthcare ( United States), Caldera International, Inc. (United States), Cardinal Health, Inc. (United States), Core Products ( United States), DJO Global (United States), Halyard Health (United States), Kobayashi Pharmaceutical Co., Ltd. (United States), Koolpak ( United Kingdom), Life Wear Technologies (United States) and Medichill (Australia). Additionally, following companies can also be profiled that are part of our coverage like Medline Industries (United States), Medtronic plc (Ireland), Pfizer Inc (United States) and The Mentholatum Company, Inc.(United States). Analyst at AMA Research see United States Players to retain maximum share of Global Hot and Cold Therapy Packs market by 2030. Considering Market by Distribution Channel, the sub-segment i.e. Offline will boost the Hot and Cold Therapy Packs market.
Latest Market Insights:
In March 2024, Hubergroup has launched the new NewV set UEL 5000, the evolution of its two-ink series within the NewV set range for high-performance applications on coated and uncoated substrates. The improved product impresses with optimal reactivity and color/water stability, elevating the overall performance to a new level.
In December 2022, Whitney Johns, the top brand influencer for a company in the hot and cold therapy packs market, unveiled Brain Activate - ENERGY GelTM. a unique proprietary gel pack with a nootropic composition.
What Can be Explored with the Hot and Cold Therapy Packs Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hot and Cold Therapy Packs Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hot and Cold Therapy Packs
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hot and Cold Therapy Packs market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hot and Cold Therapy Packs market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hot and Cold Therapy Packs Manufacturers, Hot and Cold Therapy Packs Suppliers/Distributors, Raw Material Suppliers, Potential Investors and Research and Development Firm.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.