Global Cold Pain Therapy Market is Estimated to Reach $1.4 Billion by 2025
Global Cold Pain Therapy Market report published by Accurize Market Research forecast that the global market is expected to reach $1.4 billion by 2025; growing at a CAGR of 4.6% from 2017 to 2025. By geography, Asia Pacific and Europe are expected to grow at a CAGR of 6.3% and 4.4%, respectively, during the forecast period.
Increased healthcare awareness to drive the global cold pain therapy market
Crucial factors propelling the growth of global cold pain therapy market includes rising importance of physical activities such as exercise and gym, frequent injuries during sports activities, and growing awareness among end user’s due to several promotions. But the risk of side-effects, and limited clinical evidences supporting the cold pain therapy would limit the adoption among consumers. Moreover, rising healthcare spending and stringent regulatory approval for oral pain medicines would create growth opportunities for the market.
The global cold pain market segmented on the basis of product type, application. The product type segment includes OTC based products and prescription based products. The application segment of the global cold pain market includes musculoskeletal disorder, sport medicine, post-operative, post-trauma, and physical therapy. Based on g