HOME Top Market Reports Cold Pain Therapy Market by Product (OTC (Pharmaceuticals - Gel, Cream, Patch, Spray) (Medical Devices - Wraps, Ice Pack), Prescription (Non-Motorized Devices)), Application (Musculoskeletal Disorders, Sport Medicine, Physical Therapy) - Forecast to 2021

Cold Pain Therapy Market by Product (OTC (Pharmaceuticals - Gel, Cream, Patch, Spray) (Medical Devices - Wraps, Ice Pack), Prescription (Non-Motorized Devices)), Application (Musculoskeletal Disorders, Sport Medicine, Physical Therapy) - Forecast to 2021

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: MD 4660

 

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The global cold pain therapy market is valued at an estimated USD 851.3 Million in 2016 and projected to grow at a CAGR of 5.0% during 2016 to 2021. A number of factors, such as significant incidences of sports injuries, need for safer pain management modalities against oral drug therapy, increasing customer awareness due to promotional marketing strategies adopted by players, increasing emphasis on exercise and gym activities to maintain good health, and rising regulatory barriers for oral pain medications are driving the growth of the global market. On the other hand, factors such as a lack of reimbursement and substantial clinical evidences in favor of cold pain therapy, and health hazards and discomfort associated with cold pain therapy products are restraining the growth of the global market.

Asia-Pacific represents an attractive destination for companies offering cold pain therapy products, mainly due to the high preference to topical analgesics (especially cold patches) for pain management and increasing arthritis incidence in the region. Japan and China, in particular, prefer topical analgesics over oral pills. As per Hisamitsu Pharmaceutical Co., Inc., 60% of OTC pain remedy treatment preferred by the Japanese population is in topical form, and most of it is in patch. Additionally, in China, around 50% of patients use topical pain relief products, such as patches and creams, for pain relief (Source: Pain Stop Clinics).

As of 2015, Hisamitsu Pharmaceutical Co. (Japan), Inc., 3M Company (U.S.) and Breg Inc. (U.S.) held the leadership position in the different products segments of the global market. Other market players include Johnson & Johnson (U.S.), Sanofi (France), and ROHTO Pharmaceutical Co., Ltd. (Japan), Medline Industries Inc. (U.S.), Ossur hf (Iceland), and DJO Finance LLC (U.S.).

Stakeholders

  • Cold pain therapy product manufacturers
  • Healthcare service providers
  • Distributors and suppliers
  • Research laboratories and academic institutes
  • Original equipment manufacturers (OEMs)
  • Market research companies

Scope of the Report

This research report categorizes the market into the following segments and subsegments:

Global Cold Pain Therapy Market, by Product

  • OTC-based products
    • Pharmaceuticals
      • Gels, Ointments, and Creams
      • Sprays and Foams
      • Patches
      • Roll-ons
    • Medical Devices
      • Cooling Towels, Compresses, Wraps, and Pads
      • Cold packs
  • Prescription based products
    • Motorized devices
    • Non-motorized devices

Global Cold Pain Therapy Market, by Application 

  • Musculoskeletal Disorder
  • Sport Medicine
  • Post-operative
  • Post-trauma
  • Physical Therapy

Global Cold Pain Therapy Market, by Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis:

  • Product matrix, which gives a detailed comparison of the product portfolios of each company

Geographic Analysis:

  • Further breakdown of the North American market into the U.S. and Canada
  • Further breakdown of the European market into Germany, U.K., France, and the Rest of Europe
  • Further breakdown of the APAC market into China, Japan, India, Australia, and the Rest of APAC
  • Further breakdown of the RoW market into the Middle East, Latin America, and Africa

Company Information:

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
    1.4 Stakeholders 
    1.5 Limitations 
    1.6 Market Study Scope 

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
    2.2 Opportunity Indicators
           2.2.1 Demand-Side Analysis
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary
    3.1 Introduction
    3.2 Current Market Scenario
    3.3 Future Outlook

4 Premium Insights
    4.1 Market Opportunities for Growth in Market (2016-2021)
    4.2 Global Market, By Pharmaceutical and Medical Device (2016 vs 2021)
    4.3 Gels, Ointments, Creams, and Cold Packs to Dominate Market in 2016
    4.4 North America and Europe to Hold Majority Share of Cold Pain Therapy Products Market in 2016
    4.5 Asia-Pacific to Grow at the Highest CAGR in Market During the Forecast Period

5 Market Overview
    5.1 Introduction
    5.2 Key Market Drivers
    5.3 Key Market Restraints
    5.4 Key Market Opportunities 
    5.5 Key Market Challenges

6 Cold Pain Therapy Market, By Product
    6.1 Introduction
    6.2 OTC-Based Products
           6.2.1 Pharmaceuticals
                    6.2.1.1 Gels, Ointments, and Creams
                    6.2.1.2 Sprays and Foams
                    6.2.1.3 Patches
                    6.2.1.4 Roll-On
           6.2.2 Medical Devices
                    6.2.2.1 Cold Packs
                    6.2.2.2 Cooling Towels, Compresses, Wraps, and Pads
    6.3 Prescription-Based Products
           6.3.1 Motorized Devices
           6.3.2 Non-Motorized Devices

7 Cold Pain Therapy Market, By Application
    7.1 Introduction
    7.2 Musculoskeletal Disorders
    7.3 Post Operative Therapy
    7.4 Sport Medicines
    7.5 Post-Trauma
    7.6 Physical Therapy 

8 Cold Pain Therapy Market, By Region
    8.1 Global Market
    8.2 North America 
    8.3 Europe
    8.4 Asia-Pacific 
    8.5 Rest of the World (RoW) 

9 Competitive Landscape
    9.1 Introduction
    9.2 Market Share Analysis
    9.3 Competitive Scenario 
    9.4 Recent Developments
           9.4.1 New Product Launches
           9.4.2 Agreements
           9.4.3  Expansion

10 Company Profiles
(Overview, Financials, Products & Services, Strategy, and Developments)*
     10.1 Top Market Players and Their Top Selling Brand: 2016
     10.2 Hisamitsu Pharmaceutical Co., Inc.
     10.3 Johnson & Johnson 
     10.4 Sanofi
     10.5 Rohto Pharmaceutical Co., Ltd.
     10.6 3M Company
     10.7 Medline Industries, Inc. 
     10.8 Beiersdorf AG
     10.9 Breg, Inc. 
     10.10 Φssur HF 
     10.11 DJO Finance LLC 

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
     11.1 Discussion Guide
     11.2 Introducing RT: Real-Time Market Intelligence
     11.3 Available Customizations
     11.4 Related Reports 


List of Table (59 Tables)

Table 1 Market Drivers Impact Analysis: Cold Pain Therapy Market
Table 2 Market Restraints Impact Analysis: Cold Pain Therapy Market
Table 3 Market Opportunities Impact Analysis: Cold Pain Therapy Market
Table 4 Market Challenges Impact Analysis: Cold Pain Therapy Market
Table 5 Global Market Size, By Prescription Mode , 2014–2021 (USD Million)
Table 6 Market Size for OTC-Based Products, By Product, 2014–2021 (USD Million)
Table 7 Market Size for OTC–Based Products , By Region, 2014–2021 (USD Million)
Table 8 Market Size for Pharmaceuticals, By Formulation, 2014–2021 (USD Million)
Table 9 Market Size for Pharmaceuticals, By Region, 2014–2021 (USD Million)
Table 10 Market Size for Gels, Ointments, and Creams, By Region, 2014–2021 (USD Million)
Table 11 Market Size for Sprays & Foams, By Region, 2014–2021 (USD Million)
Table 12 Market Size for Patches, By Region, 2014–2021 (USD Million)
Table 13 Market Size for Roll-Ons, By Region, 2014–2021 (USD Million)
Table 14 Market Size for Medical Devices, By Type, 2014–2021 (USD Million)
Table 15 Market Size for Medical Devices, By Region, 2014–2021 (USD Million)
Table 16 Market Size for Cold Packs, By Region, 2014–2021 (USD Million)
Table 17 Market Size for Cold Compresses, Wraps, and Pads, By Region, 2014–2021 (USD Million)
Table 18 Market Size for Prescription Based Devices, 2014–2021 (USD Million)
Table 19 Market Size for Prescription Based, By Region, 2014–2021 (USD Million)
Table 20 Market Size for Motorized Devices, By Region, 2014–2021 (USD Million)
Table 21 Market Size for Non-Motorized Devices, By Region, 2014–2021 (USD Million)
Table 22 Global Market Size, By Application, 2014–2021 (USD Million)
Table 23 Market Size for Musculoskeletal Disorders, By Region, 2014–2021 (USD Million)
Table 24 Market Size for Post Operative Therapy, By Region, 2014–2021 (USD Million)
Table 25 Market Size for Sport Medicines, By Region, 2014–2021 (USD Million)
Table 26 Market Size for Post-Trauma, By Region, 2014–2021 (USD Million)
Table 27 Market Size for Physical Therapy, By Region, 2014–2021 (USD Million)
Table 28 Global: Market Size, By Region, 2014–2021 (USD Million)
Table 29 North America : Market Size, By Product, 2014–2021 (USD Million)
Table 30 North America: Market Size, By Product, 2014–2021 (USD Million)
Table 31 North America : Market Size, By Application, 2014-2021 (USD Million)
Table 32 North America: Market Size, By Pharmaceutical, 2014–2021 (USD Million)
Table 33 North America : Market Size, By Medical Device, 2014-2021 (USD Million)
Table 34 Market Drivers Impact Analysis: North American Market
Table 35 Market Restraints Impact Analysis: North American Market
Table 36 Europe: Market Size, By Product, 2014–2021 (USD Million)
Table 37 Europe: Market Size, By Product, 2014–2021 (USD Million)
Table 38 Europe : Market Size, By Application, 2014-2021 (USD Million)
Table 39 Europe: Cold Pain Therapy Pharmaceuticals Market Size, By Type, 2014–2021 (USD Million
Table 40 Europe: Cold Pain Therapy Medical Devices Market Size, By Type, 2014–2021 (USD Million)
Table 41 Market Drivers Impact Analysis: European Market
Table 42 Market Drivers Impact Analysis: European Market
Table 43 Asia-Pacific: Market Size, By Product, 2014–2021 (USD Million)
Table 44 Asia-Pacific: Market Size, By Product, 2014–2021 (USD Million)
Table 45 Asia-Pacific : Market Size, By Application, 2014-2021 (USD Million)
Table 46 Asia-Pacific: Market Size, By Pharmaceutical, 2014–2021 (USD Million)
Table 47 Asia-Pacific: Market Size, By Medical Device, 2014–2021 (USD Million)
Table 48 Market Drivers Impact Analysis: Asia-Pacific Market
Table 49 Market Restraints Impact Analysis: Asia-Pacific Market
Table 50 RoW: Market Size, By Product, 2014–2021 (USD Million)
Table 51 RoW : Market Size, By Product, 2014–2021 (USD Million)
Table 52 RoW: Market Size, By Application, 2014-2021 (USD Million)
Table 53 RoW: Market Size, By Pharmaceutical, 2014–2021 (USD Million)
Table 54 RoW: Market Size, By Medical Device, 2014–2021 (USD Million)
Table 55 Market Drivers Impact Analysis: RoW Market
Table 56 Market Restraints Impact Analysis: RoW Market
Table 57 New Product Launches (2013-2016)
Table 58 Agreement (2013-2016)
Table 59 Expansion (2013-2016)


List of Figure (63 Figures)

Figure 1 Research Design
Figure 2 Increase in Aging Population, By Country: 2010 vs 2015
Figure 3 Percentage Increase in Aging Population, By Region: (1980–2010) vs (2010–2040)
Figure 4 Number of Hip and Knee Replacement Surgeries, By Country: 2013
Figure 5 Healthcare Expenditure Across Major Countries: 2000–2014
Figure 6 Healthcare Expenditure Across Major Regions: 2000–2014
Figure 7 Cold Pain Therapy Market: By Region, USD Million (2016–2021)
Figure 8 Market Share: By Application (2016)
Figure 9 Market Share: By Product (2016)
Figure 10 OTC Cold Pain Therapy Market Share: By Product (2016)
Figure 11 Global OTC Cold Pain Therapy Market Size for Pharmaceuticals: By Product, USD Million (2016)
Figure 12 Global OTC Cold Pain Therapy Market Size for Medical Devices, By Product, USD Million, (2016)
Figure 13 Prescription Based Cold Pain Therapy Market Share, By Product (2016)
Figure 14 Competitive Landscape (2013-2016)
Figure 15 Market, By Product (2016)
Figure 16 Market Share for OTC–Based Products, By Product(2016)
Figure 17 Market Share for OTC–Based Products, By Region (2016)
Figure 18 Market Share for Pharmaceuticals, By Formulation (2016)
Figure 19 Market Share for Pharmaceuticals, By Region (2016)
Figure 20 Market Share for Gels, Ointments, and Creams, By Region (2016)
Figure 21 Market Share for Sprays & Foams, By Region (2016)
Figure 22 Market Share for Patches, By Region (2016)
Figure 23 Market Share for Roll-Ons, By Region (2016)
Figure 24 Market Share for Medical Devices, By Type (2016)
Figure 25 Market Size for Medical Devices, By Region, 2014–2021 (USD Million)
Figure 26 Market Share for Cold Packs, By Region (2016)
Figure 27 Market Share for Cold Compresses, Wraps, and Pads, By Region (2016)
Figure 28 Market Share for Prescription Based Devices, By Type (2016)
Figure 29 Market Share for Prescription Based, By Region(2016)
Figure 30 Market Share for Motorized Devices, By Region (2016)
Figure 31 Market Share for Non-Motorized, By Region (2016)
Figure 32 Market Share: By Application(2016-2021)
Figure 33 Market Share for Musculoskeletal Disorders, By Region (2016)
Figure 34 Market Share for Post Operative Therapy, By Region (2016)
Figure 35 Market Share for Sport Medicines, By Region (2016)
Figure 36 Market Share for Post-Trauma, By Region (2016)
Figure 37 Market Share for Physical Therapy, By Region (2016)
Figure 38 Global: Market Share, By Region (2016)
Figure 39 North America Market: Expected Trend (2016 vs 2021)
Figure 40 North America: Market Share, By Product(2016)
Figure 41 North America: Market Share, By Application (2016)
Figure 42 North America: Market Share, By Pharmaceutical (2016)
Figure 43 North America: Market Share, By Medical Device (2016)
Figure 44 European Market: Expected Trends (2016 vs 2021)
Figure 45 Europe: Market Share, By Product(2016)
Figure 46 Europe : Market Share, By Application (2016)
Figure 47 Cold Pain Therapy: Pharmaceuticals Market Share (2016)
Figure 48 Cold Pain Therapy: Medical Devices Market Share (2016)
Figure 49 Asia-Pacific Market: Expected Trend (2016 vs 2021)
Figure 50 Asia-Pacific : Market Share, By Product(2016)
Figure 51 Asia-Pacific : Market Share, By Application (2016)
Figure 52 Asia-Pacific: Market Share, By Pharmaceutical (2016)
Figure 53 Asia-Pacific: Market Share, By Medical Devices (2016)
Figure 54 RoW Market: Expected Trend (2016 vs 2021)
Figure 55 RoW : Market Share, By Product(2016)
Figure 56 RoW : Market Share, By Application (2016)
Figure 57 RoW: Market Share, By Pharmaceutical (2016)
Figure 58 RoW: Market Share, By Medical Device (2016)
Figure 59 Leading Market Players Adopted New Product Launches as Key Growth Strategies During 2013-2016
Figure 60 Ranking of Key Players in the Prescription Based Cold Pain Therapy Medical Devices Market (2015)
Figure 61 Cold Pain Therapy Pharmaceuticals Market Share, By Key Player (2015)
Figure 62 Ranking of Key Players in the Cold Pain Therapy Medical Devices Market (2015)
Figure 63 New Product Launches : Most Widely Adopted Growth Strategy During 2013-2016

Cold pain therapy is among the most commonly adopted methods for the temporary management of pain and inflammation, sprains, strains, bumps, bruises, and arthritis. Pharmaceuticals used for cold pain therapy have menthol as their active ingredient (with menthol content of 1% and above), whereas medical devices have ice or cold water as their key component. Menthol in topical analgesics acts as a counterirritant and reduces the sensation of pain by generating a cooling sensation.

The global market is estimated to grow at a CAGR of 5.0% from 2016 to 2021 to reach USD 1087.7 Million by 2021. The growth in this market is primarily driven by the rising incidence of sports injuries, growing need for safe pain management modalities, and rising regulatory barriers for oral pain medications. Cold pain therapy produces cooling sensations at the site of pain and alleviates the same instantly by distracting the mind from the pain.

Based on product, the market is categorized into OTC and prescription-based products. OTC-based cold pain therapy products are segmented into pharmaceuticals (gels, ointments, and creams, sprays and foams, patches, and roll-ons) and medical devices (cold packs, cooling towels, compresses, wraps, and pads) whereas the prescription-based devices are classified into motorized and non-motorized devices. The OTC segment is expected to command the largest market share in 2016, primarily due to the easy availability of these products without prescription.

On the basis of application, the market is segmented into musculoskeletal disorders, sport medicine, post-operative, post-trauma, and physical therapy. The musculoskeletal disorders segment is expected to witness the highest market share in 2016 due to the increasing number of individuals suffering from arthritis, osteoarthritis, back pain, and joint pain; and the rising proportion of geriatric population.

In 2016, North America accounted for the largest share of the global market, followed by Europe. The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period. Factors such as the long-term market presence of key cold pain therapy players with established product portfolios in the region and a high preference for topical analgesics are stimulating the growth of the APAC market.

Cold Pain Therapy Market

Hisamitsu Pharmaceutical Co. Inc. (Japan), Breg Inc. (U.S.), and 3M Company (U.S.) were the top players in the market in 2015. Agreements and contracts were the top strategies employed by the leading players in the market.

To know about the assumptions considered for the study, download the pdf brochure

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