The global market for cold pain therapy is estimated to have significant CAGR of XX% during the forecast period. The market is mainly driven due to increasing hip and knee replacement surgeries coupled with the aging population across the globe. According to the OECD data in Germany, the total number of hip replacements surgeries was 244,496 in 2015 and that increased to 250,661 in 2016. In UK the hip replacement surgery accounted for 118,798 in 2015 and 122,917 in 2016. Sports remain the major recreation activity across the world. Due to growing health concerns, participation in sports activities has increased substantially. Running, jogging, trail running, road biking, mountain biking, hiking, and BMX are some of the major sports activities. Participation in sports activities is increasing the number of sports injuries that further spur the demand for cold pain therapy.
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The global cold pain therapy market is segregated on the basis of type and application. On the basis of type, the market is further segmented into prescription products and OTC products. The OTC products segment is projected to have considerable growth owing to the growing demand for OTC products in gym activities and sports injuries. Based on the application, the global cold pain therapy market is further segmented into sports medicine, post-trauma therapy, musculoskeletal disorders, post-operative therapy The Sports medicine has a significant application of cold pain therapy due to the growing recreating activities such as Running, jogging, trail running, road biking, mountain biking, hiking, and BMX and others.
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Global Cold pain therapy Market Segmentation
By Type
· Prescription products
· OTC products
By Application
· Sports Medicine
· Post-Trauma Therapy
· Musculoskeletal Disorders
· Post-Operative Therapy
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
