Global Hot and Cold Therapy Packs Industry (2021 to 2027) - Rising Incidence of Spinal Cord Injuries Benefit Market Prospects - ResearchAndMarkets.com

·4 min read

DUBLIN, October 21, 2021--(BUSINESS WIRE)--The "Hot and Cold Therapy Packs - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Hot and Cold Therapy Packs estimated at US$900 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 6.6% over the analysis period 2020-2027.

Cold Packs, one of the segments analyzed in the report, is projected to record a 6.6% CAGR and reach US$498.7 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hot Packs segment is readjusted to a revised 6.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $243.6 Million, While China is Forecast to Grow at 9.9% CAGR

The Hot and Cold Therapy Packs market in the U.S. is estimated at US$243.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$303.3 Million by the year 2027 trailing a CAGR of 9.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Moist Therapy Packs Segment to Record 6% CAGR

In the global Moist Therapy Packs segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$147.8 Million in the year 2020 will reach a projected size of US$214.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$191.1 Million by the year 2027, while Latin America will expand at a 7.2% CAGR through the analysis period.

Select Competitors (Total 75 Featured):

  • 3M Company

  • Beiersdorf Australia Limited

  • BREG, Inc.

  • Bruder Healthcare Company

  • Caldera International, Inc.

  • Cardinal Health, Inc.

  • Carex Health Brands

  • Core Products International, Inc.

  • DJO Global, Inc.

  • Halyard Health, Inc.

  • Kobayashi Pharmaceutical Co., Ltd.

  • Koolpak Ltd.

  • Life Wear Technologies, Inc.

  • Medichill

  • Medline Industries, Inc.

  • Medtronic plc

  • Pfizer Inc.

  • The Mentholatum Company

  • THERAPEARL

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Pain and Associated Costs - A Prelude

  • Recent Market Activity

  • Hot and Cold Therapy Packs: Ensuring Care,Comfort and Convenience

  • Global Market Outlook

  • Growth Drivers in a Nutshell

  • Developed Markets: Traditional Revenue Contributors

  • Developing Countries Turbo Charge Future Market Growth

  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Shift in Nature of Medical Care towards Non-Hospital Environment: Foundation for Market Growth

  • Ballooning Global Population Offers Significant Growth Opportunities

  • Aging Population Continues to Fuel Growth

  • Longer Life Expectancy Bolsters Market Growth

  • Positive Outlook for Healthcare Industry Signals Promising Growth for Hot and Cold Therapy Packs

  • Innovative and Advanced Hot and Cold Therapy Packs: Spearheading Growth

  • koolPAK

  • koolPAK

  • CLIMAWARET CryothermicT Elbow Wrap

  • Tempra Instant and Reusable Gelling Cold Therapy Pack

  • Rapid Aid's Ammonium Nitrate Free Instant Cold Packs

  • Torex Line of Innovative Products

  • Novel Migraine-Related Ice Therapies

  • Innovation Delivers Alternatives to Cold Packs

  • Chronic Rheumatic Conditions Drives Widespread Market Adoption

  • Sports Related Injuries Continue to Fuel Market Expansion

  • Rising Incidence of Spinal Cord Injuries Benefit Market Prospects

  • Chronic Back Pain and Spine Disability Patients Tremendously Benefit with Hot/Cold Packs

  • Increasing Obesity Levels Lends Traction to Market Growth

  • Mounting Healthcare Costs: A Blessing in Disguise for Hot/Cold Therapy Packs

  • Gel-Based Therapy Packs Revolutionizes Pain Management

  • Increasing Popularity of Herbal Products Bodes Well for the Market

  • Hot and Cold Therapy Packs: Competitive Landscape

  • Private Label Products Garner a Larger Pie

  • Companies Capitalize on the Power of Internet

  • Drug Stores Lead Distribution

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/tf7rup

View source version on businesswire.com: https://www.businesswire.com/news/home/20211021005888/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting