The Europe cold pain therapy market is expected to grow from US$ 794.37 million in 2022 to US$ 1,078.04 million by 2028. It is estimated to grow at a CAGR of 5.2% from 2022 to 2028.
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Increasing Sports Injuries and Orthopedic Surgeries
A large population is opting for an active lifestyle, which has increased physical activities such as gymming and sports. This has led to a surge in sports-related injuries such as rotator cuff injuries, ligament tears, tendon rupture, sprains & strains, and swollen muscles. Thus, an increase in sports and physical activities is expected to cause pain, which is creating the demand for cold pain therapy.
Further, the increasing geriatric population is highly prone to various orthopedic conditions such as joint disorders, joint replacement, osteoarthritis, and rheumatoid arthritis. As a result, the number of orthopedic surgeries has increased, which creates the demand for cold pain therapy in pain management as postoperative care. Additionally, the rising prevalence of musculoskeletal disorders is expected to increase the need for cold pain therapy for various musculoskeletal disorders such as trauma, back pain, tendinitis, sarcopenia, osteopenia, and low back injuries. According to World Health Organization (WHO), the musculoskeletal disease affects ~1.71 billion people globally; low back pain is the leading cause of disability in 160 countries. Moreover, an increase in road accidents and trauma cases is contributing to a major share of orthopedic surgeries. Thus, the increase in sports and physical activities and the surge in orthopedic surgeries owing to sports injuries, a large geriatric population, and a high number of trauma cases are driving the cold pain therapy market growth.
Europe Cold Pain Therapy Market Overview
The European cold pain therapy market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. Europe occupies a significant position in the global cold pain therapy market and is estimated to register a robust growth rate over the forecast period. The market in the region is growing due to the high prevalence of osteoporosis, the growing number of orthopedic surgeries, the rising geriatric population, and increasing R&D activities by market players in the region. Moreover, increase in sport injuries and constant technological advancement in cold pain therapy is expected to drive the growth of cold pain therapy market.
Europe Cold Pain Therapy Strategic Insights
Strategic insights for the Europe 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.
Market leaders and key company profiles
ï‚· DJO Global Inc
ï‚· Ossur hf
ï‚· Cardinal Health Inc
ï‚· Jhonson & Jhonson Service Inc
Europe Cold Pain Therapy Regional Insights
The geographic scope of the Europe 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.
Europe Cold Pain Therapy Market Segmentation
The Europe cold pain therapy market is segmented into route of application, offering, end user, and country.
Based on application, the Europe 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 share of the Europe cold pain therapy market in 2023.
Based on offering, the Europe cold pain therapy market is segmented into over the counter, prescription products, rehabilitation exercises, ice wraps & cold packs, pads, compression therapy, and others. The over-the-counter segment held the largest share of the Europe cold pain therapy market in 2023.
Based on end user, the Europe 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 Europe cold pain therapy market in 2023.
Based on country, the Europe cold pain therapy market is segmented into the Germany, the UK, France, Italy, Spain, and the Rest of Europe. Germany dominated the Europe cold pain therapy market in 2023.
DJO Global Inc, Ossur hf, Cardinal Health Inc, and Johnson & Jhonson Service Inc are some of the leading companies operating in the Europe cold pain therapy market. Â
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
