Various economies are witnessing considerable modernization of healthcare facilities and improvements in healthcare services. As a result, people's life expectancy in these countries has increased, leading to an increase in the geriatric population. According to WHO, the global population aged 60 years and above was 1 billion in 2019, which is expected to reach 1.4 billion by the end of 2030 and 2.1 billion by the end of 2050.
Thus, the rise in the geriatric population has increased the prevalence of various orthopedic conditions such as osteoarthritis, joint pain, joint replacement, and osteoporosis, which is growing the demand for cold pain therapy. Moreover, obesity is also a major cause of orthopedic injuries, which is increasing the need for cold pain therapy as obese people are more prone to orthopedic conditions such as soft tissue damage, osteoarthritis, muscle spasm, and sprains. Thus, the increase in the geriatric and obese population has increased the number of orthopedic injuries and disorders, which is driving the growth of the cold pain therapy market.
South and Central America region consists of Brazil, Argentina, and rest of SCAM. Based on countries, Brazil is expected to have the major market share in this region. Developing healthcare facilities, increasing healthcare expenditures, and high prevalence of falls in the region are expected to aid steady growth for the cold pain therapy market.
Strategic insights for the South & Central America 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. The geographic scope of the South & Central America 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.South & Central America Cold Pain Therapy Strategic Insights
South & Central America Cold Pain Therapy Report Scope
Report Attribute
Details
Market size in 2022
US$ 96.16 Million
Market Size by 2028
US$ 135.19 Million
Global CAGR (2022 - 2028)
5.8%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Application
By Offering
By End User
Regions and Countries Covered
South and Central America
Market leaders and key company profiles
South & Central America Cold Pain Therapy Regional Insights
South & Central America Cold Pain Therapy Market Segmentation
The South & Central America cold pain therapy market is segmented into application, offering, end user, and country.
Based on application, the South & Central America 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 a larger share of the South & Central America cold pain therapy market in 2023.
Based on offering, the South & Central America cold pain therapy market is segmented into over the counter, prescription products, rehabilitation exercises, ice wraps & cold packs, pads, compression therapy, and others. The prescription products segment held the largest share of the South & Central America cold pain therapy market in 2023.
Based on end user, the South & Central America cold pain therapy market is segmented into hospitals, clinics, rehabilitation centres, ambulatory surgical centres, individuals, and others. The hospitals segment held the largest share of the South & Central America cold pain therapy market in 2023.
Based on country, the South & Central America cold pain therapy market is segmented into the Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America cold pain therapy market in 2023.
DJO Global Inc, Ossur hf, Cardinal Health Inc, Johnson & Johnson Services Inc, and Beiersdorf are some of the leading companies operating in the South & Central America cold pain therapy market.
The South & Central America Cold Pain Therapy Market is valued at US$ 96.16 Million in 2022, it is projected to reach US$ 135.19 Million by 2028.
As per our report South & Central America Cold Pain Therapy Market, the market size is valued at US$ 96.16 Million in 2022, projecting it to reach US$ 135.19 Million by 2028. This translates to a CAGR of approximately 5.8% during the forecast period.
The South & Central America Cold Pain Therapy Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South & Central America Cold Pain Therapy Market report:
The South & Central America Cold Pain Therapy Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South & Central America Cold Pain Therapy Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South & Central America Cold Pain Therapy Market value chain can benefit from the information contained in a comprehensive market report.