Asia Pacific Cold Pain Therapy Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2028

Analysis – by Application (Runner's Knee, Tendonitis, Sprains/Sports Sprain, Arthritis Pain, Pain and Swelling After Hip or Knee Replacement, Pain or Swelling Under Cast or Splint, Surgery Recovery, Lower Back Pain, and Others), Offering (Over-the-Counter, Prescription Products, Rehabilitation Exercises, Ice Wrap & Cold Packs, Pads, Compression Therapy, Ice Buckets Without Compression, and Others), and End User (Hospitals, Clinics, Rehabilitation Centers, Ambulatory Surgical Centers, Individuals, and Others)   


No. of Pages: 157    |    Report Code: BMIRE00027757    |    Category: Life Sciences

Asia Pacific Cold Pain Therapy Market
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The Asia Pacific cold pain therapy market is expected to grow from US$ 315.63 million in 2022 to US$ 476.61 million by 2028. It is estimated to record a CAGR of 7.1% from 2022 to 2028.

High Adoption of Cold Pain Therapy in Emerging Economies to Drive Asia Pacific Cold Pain Therapy Market During 2022–2028

Cold pain therapy includes using cold material, such as cold packs, to reduce swelling, muscle spasms, and inflammation. The emerging economies have a large patient pool of geriatric and obese people that are prone to orthopedic conditions. According to the Technical Group on Population Projections for India report, there were ~138 million people in the country aged 60 years and above in 2021, which is expected to increase to ~156 million people by 2031. Moreover, an increase in healthcare expenditure leading to the development of healthcare services and infrastructure and a rise in medical tourism are expected to create significant opportunities for the cold pain therapy market in Asia Pacific in the coming years. According to the Indian Society for Trauma and Acute Care, road accidents are increasing at an annual rate of 3%. Furthermore, 22.8% of all traumas were related to transport-related injuries in India in 2020. Thus, the high adoption of cold pain therapy in emerging economies, such as India, owing to the rising geriatric and obese population and growing road accident and trauma cases are expected to create lucrative opportunities for the Asia Pacific cold pain therapy market players during the forecast period.

Market Overview

Asia Pacific is the fastest-growing regional market for cold pain therapy. The Asia Pacific cold pain therapy market is segmented into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. Asia Pacific accounted for 13.48% of the global market share in 2021, owing to the high prevalence of musculoskeletal diseases, rising aging population, and increasing incidence of sports injuries. Therefore, the region would hold huge potential for the cold pain therapy market players to grow during the forecast period.

China’s population is rapidly aging at an earlier stage of its development than other countries. As per the survey by the US Census Bureau, the older population in China in 2030 would be 17.2% of the world’s total population. With an increase in the aging population, the number of orthopedic conditions has constantly increased over the previous years. Furthermore, increasing adoption of cold pain therapies along with traditional Chinese medicine and rising expansion of various global market players are likely to drive the growth of the cold pain therapy market in the country during the forecast period. Additionally, increase in R&D activities by market players to enhance efficiency of existing devices along with new product launches in the cold pain therapy market is expected to bolster the Asia Pacific cold pain therapy market growth during the forecast period.

Asia Pacific Cold Pain Therapy Market Revenue and Forecast to 2028 (US$ Million)

 

Asia Pacific Cold Pain Therapy Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Cold Pain Therapy Strategic Insights

Strategic insights for the Asia Pacific Cold Pain Therapy provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

strategic-framework/asia-pacific-cold-pain-therapy-market-strategic-framework.webp
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Asia Pacific Cold Pain Therapy Report Scope

Report Attribute Details
Market size in 2022 US$ 315.63 Million
Market Size by 2028 US$ 476.61 Million
Global CAGR (2022 - 2028) 7.1%
Historical Data 2020-2021
Forecast period 2023-2028
Segments Covered By Application
  • Runner's Knee
  • Tendonitis
  • Sprains/Sports Sprain
  • Arthritis Pain
  • Pain and Swelling After Hip or Knee Replacement
  • Pain or Swelling Under Cast or Splint
  • Surgery Recovery
  • Lower Back Pain
By Offering
  • Over-the-Counter
  • Prescription Products
  • Rehabilitation Exercises
  • Ice Wrap & Cold Packs
  • Pads
  • Compression Therapy
  • Ice Buckets Without Compression
By End User
  • Hospitals
  • Clinics
  • Rehabilitation Centers
  • Ambulatory Surgical Centers
  • Individuals
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Cardinal Health Inc
  • DJO Global Inc
  • Ossur hf
  • Sichuan Jiuyuan Medical Technology Co Ltd
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    Asia Pacific Cold Pain Therapy Regional Insights

    The geographic scope of the Asia Pacific Cold Pain Therapy refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Asia Pacific Cold Pain Therapy Market Segmentation 

    The Asia Pacific cold pain therapy market is segmented on the basis of application, offering, end user, and country. Based on application, the Asia Pacific cold pain therapy market is segmented into Runner's knee, tendonitis, sprains/sports sprain, arthritis pain, pain & swelling after a hip or knee replacement, pain & swelling under a cast or a splint, surgery recovery, lower back pain, and others. The surgery recovery segment held the largest market share in 2022.

    Based on offering, the Asia Pacific cold pain therapy market is segmented into over-the-counter, prescription products, rehabilitation exercises, ice wraps & cold packs, pads, compression therapy, ice buckets without compression, and others. The over-the-counter segment held the largest market share in 2022.

    Based on end user, the Asia Pacific cold pain therapy market is segmented into hospitals, clinics, rehabilitation centers, ambulatory surgical centers, individuals, and others. The hospitals segment held the largest share of the market in 2022.  

    Based on country, the Asia Pacific cold pain therapy market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market in 2022.

    Cardinal Health Inc, DJO Global Inc, Ossur hf, and Sichuan Jiuyuan Medical Technology Co Ltd are among the leading companies operating in the Asia Pacific cold pain therapy market.  

    The List of Companies - Asia Pacific Cold Pain Therapy Market

    1. Cardinal Health Inc
    2. DJO Global Inc
    3. Ossur hf
    4. Sichuan Jiuyuan Medical Technology Co Ltd
    Frequently Asked Questions
    How big is the Asia Pacific Cold Pain Therapy Market?

    The Asia Pacific Cold Pain Therapy Market is valued at US$ 315.63 Million in 2022, it is projected to reach US$ 476.61 Million by 2028.

    What is the CAGR for Asia Pacific Cold Pain Therapy Market by (2022 - 2028)?

    As per our report Asia Pacific Cold Pain Therapy Market, the market size is valued at US$ 315.63 Million in 2022, projecting it to reach US$ 476.61 Million by 2028. This translates to a CAGR of approximately 7.1% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Cold Pain Therapy Market report typically cover these key segments-

    • Application (Runner's Knee, Tendonitis, Sprains/Sports Sprain, Arthritis Pain, Pain and Swelling After Hip or Knee Replacement, Pain or Swelling Under Cast or Splint, Surgery Recovery, Lower Back Pain)
    • Offering (Over-the-Counter, Prescription Products, Rehabilitation Exercises, Ice Wrap & Cold Packs, Pads, Compression Therapy, Ice Buckets Without Compression)
    • End User (Hospitals, Clinics, Rehabilitation Centers, Ambulatory Surgical Centers, Individuals)

    What is the historic period, base year, and forecast period taken for Asia Pacific Cold Pain Therapy Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Cold Pain Therapy Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2028
  • Who are the major players in Asia Pacific Cold Pain Therapy Market?

    The Asia Pacific Cold Pain Therapy Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Cardinal Health Inc
  • DJO Global Inc
  • Ossur hf
  • Sichuan Jiuyuan Medical Technology Co Ltd
  • Who should buy this report?

    The Asia Pacific Cold Pain Therapy Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Cold Pain Therapy Market value chain can benefit from the information contained in a comprehensive market report.

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