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.
North America is majorly known as one of the leading region for the healthcare facilities. The cold pain therapy is majorly used for the reducing the inflammation caused by any kind injury, accidents. The region has increased growth of the geriatric population which has provided a key opportunity for the market development. Also, adoption of the market products and effectiveness has boosted the demand for the market. However, changing lifestyle, growing obesity rate in the region is accelerating the market growth.
The North America cold pain therapy market is driven by growing awareness about the availability of cost-effective products which has fuelled the market growth. Further due to cost effectiveness their increasing production for the cold pain therapy market. Furthermore, launch of the innovative product lines has provided exceptional growth in the North America region due presence of key manufacturer in the region. Also, demand for cold pain therapy in the sports injury and growing awareness among consumers has provided opportunity for the market. In addition, increasing prevalence of arthritis, rise in geriatric population and supporting initiative of the government is the key factor driving the growth of the region.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the North America cold pain therapy market. In addition, complete analysis of changes on the North America 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 gain major market in the North America cold pain therapy market. These products are majorly present for different disease in different form and vary intensity and efficacy. The new innovation in products is expected to drive the growth of the segment which is ultimately fueling the demand for North America cold pain therapy market.
The cold pain therapy market comprises of therapy like icepack therapy, chamber therapy and cryosurgery. Icepack therapy is majorly used therapy in the North America cold pain therapy market. The growth of segment due to its ability like minimizing swelling, reducing bleeding in tissue, muscle spasm, pain. The features of the segment is expected to drive the growth of the segment thereby fueling the North America cold pain therapy market. Also, chamber therapy is likely to contribute in the growth of the market.
The cold pain therapy market finds application in musculoskeletal disorders, sports medicine, post-operative therapy, and post-trauma therapy. Sports medicine is widely used in the North America cold pain therapy market owing to increasing cases of sports injuries and requirements for cold pain therapy products for reducing the inflammation, pain has propel the demand of the segment in North America market. However, musculoskeletal disorders followed by post-operative therapy, and post-trauma therapy is projected to witness the growth at significant pace during the estimated time frame.
The cold pain therapy market has its distribution channel like hospitals pharmacies, online pharmacies, and retail pharmacies. Retail pharmacies is expected to lead in the North America cold pain therapy market owing to increasing number of pharmacies in the region. Besides, availability of cold pain therapy products has gain major attention of consumer and healthcare facilities which has further boosted the demand for the market in the region.
North America cold pain therapy market is studied for the following countries like United States, Canada and Mexico. North America market is witnessing increasing demand for the cold pain therapy. The growth of North America market is due to presence of advanced healthcare facilities, adoption of new innovative products in healthcare is further accelerating the demand for the market. Based on the country, U.S dominated the North America cold pain therapy market attributing to increasing sports injuries, rising geriatric population growing requirement from healthcare facilities has led the demand for the market. Also, presence of key manufacturer launching new product, merger & acquisition has augmented the market growth in the country. Likewise, Canada followed by Mexico is expected to witness increasing growth for North America cold pain therapy market during forecast period (2021-2027).
The key players in North America 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 North America 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 gain major market in the North America cold pain therapy market. The cold pain therapy market comprises of therapy like icepack therapy, chamber therapy and cryosurgery. Icepack therapy is majorly used therapy in the North America cold pain therapy market .The market finds application in musculoskeletal disorders, sports medicine, post-operative therapy, and post-trauma therapy. Sports medicine is widely used in the North America cold pain therapy market owing to increasing cases of sports injuries. The market has its distribution channel like hospitals pharmacies, online pharmacies, and retail pharmacies. Retail pharmacies is expected to lead in the North America cold pain therapy market. North America cold pain therapy market is studied for the following countries like United States, Canada and Mexico.
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