Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Cold therapy is the technique used to ease the inflamed muscles and joints. The benefit provided by cold therapy help to reduce chronic pain and arthritis. The cold temperature help to reduce the blood flow to region further reducing the swelling and inflammation. The growing demand of the cold pain therapy market in Europe region is majorly due to increasing burden of the different diseases and growing sports injuries. The market is expected to witness ample of growth opportunity during the forecast period (2021-2027)
The key factor driving the growth of the Europe cold pain therapy market is demand for cold pain therapy in the sports injury and increasing burden of the musculoskeletal disorders is fueling the demand for the market. Also, growing awareness among consumers about effectiveness and causes has propel the growth of the market. Furthermore, rise in geriatric population especially in Germany is augmented to drive the growth of the Europe cold pain therapy market. Also, supporting initiative of the government and increasing prevalence of arthritis is boosting the growth. Moreover, awareness about the availability of cost-effective products is the key factor for the growth of the market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the Europe cold pain therapy market. In addition, complete analysis of changes on the Europe cold pain therapy market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. Due to COVID-19 the market was affected moderately due to slow production and disruption of the supply chain for months. However, post COVID-19 the market is expected to rise in significant pace.
The cold pain therapy market is segmented based on by product, therapy, application, distribution channel and country.
The cold pain therapy market is available in different product type like otc products, prescription products. OTC Products is segmented into pharmaceuticals and medical devices whereas prescription products includes motorized devices and non-motorized devices .Besides, pharmaceuticals is bifurcated to gels, ointments and creams, patches, roll-ons, sprays and foams and Medical devices including cooling towels, compresses, cold packs, pads and wraps. OTC products is expected to witness emerging growth in the Europe cold pain therapy market. The increasing demand for these products is due to its cost effectiveness. Besides, it provides an opportunity for self-medication with the help of the guidance providing thereby avoiding healthcare services high cost. The potential feature of segment to provide products for different common injuries and diseases has accelerated the demand for the market. In addition, prescription products is anticipated to grow at significant pace during the forecast period.
The cold pain therapy market comprises of therapy like icepack therapy, chamber therapy and cryosurgery. Icepack therapy followed by chamber therapy is anticipated to dominate in the Europe cold pain therapy market and is expected to maintain its dominances during the forecast period. The growing cases of various musculoskeletal disorders, sports medicine, post-operative therapy, and post-trauma therapy has led the demand for the segment thereby driving the growth of the market in Europe.
The cold pain therapy market finds application in musculoskeletal disorders, sports medicine, post-operative therapy, and post-trauma therapy. Musculoskeletal disorders has the growing demand in the Europe cold pain therapy market owing to most common work related ailments. For instance in Europe, millions of population is affected by the disorder therefore has provided lucrative opportunity for the market in Europe region. Also, sports medicine is expected to witness increasing demand for the market.
The cold pain therapy market has its distribution channel like hospitals pharmacies, online pharmacies, and retail pharmacies. Online pharmacies is anticipated to witness the growth at highest pace during owing to growing prevalence of internet. Furthermore, availability of products on online platform has increasing trends in Europe cold pain therapy market. Whereas retail pharmacies is expected to have rising growth in upcoming years for the market.
The Europe cold pain therapy market is studied for the following countries like Germany, U.K, France, Italy, Spain and Rest of Europe. In Europe cold pain therapy market, Germany is expected to be the leading market attributing to developing technology advancement, besides rising elderly population in country is propelling the demand for the market in region. Also, increasing government support for the development of healthcare facilities is further driving the growth of cold pain therapy market. Also, U.K, France, Italy, Spain and Rest of Europe are anticipated to contribute in the growth of the market at significant CAGR during the projection period.
The key players in Europe cold pain therapy market are Sanofi, 3M, Medtronic, Pfizer, Hisamitsu Pharmaceutical, ROHTO Pharmaceutical, Beiersdorf, Johnson & Johnson, Medline Industries, Ossur, Performance Health, Breg, Romsons Group of Industries, Unexo Life Sciences, Bird & Cronin, DJO Global, DeRoyal Industries, Inc., Performance Health, Bruder Healthcare, Hot and Cold Company and Polar Products Inc among others.
The report analyses the Europe cold pain therapy market based on by product, therapy, application, distribution channel and country. The cold pain therapy market is available in different product type like otc products, prescription products. OTC products is expected to witness emerging growth in the Europe cold pain therapy market. The cold pain therapy market comprises of therapy like icepack therapy, chamber therapy and cryosurgery. Icepack therapy followed by chamber therapy is anticipated to dominate in the Europe cold pain therapy market. The market finds application in musculoskeletal disorders, sports medicine, post-operative therapy, and post-trauma therapy. Musculoskeletal disorders has the growing demand in the Europe cold pain therapy market .The market has its distribution channel like hospitals pharmacies, online pharmacies, and retail pharmacies. Online pharmacies is anticipated to witness the growth at highest pace during owing to growing prevalence of internet. The Europe cold pain therapy market is studied for the following countries like Germany, U.K, France, Italy, Spain and Rest of Europe.
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