Hot and Cold Therapy Packs Market Qualitative Analysis, Product Scope, Overview, Types, Application, Key Players
Heat and cold therapy is a non-invasive and non-addictive pain relief therapy used for muscle relaxation, improving blood circulation, and reducing swelling. Heat and cold therapy is the most effective, inexpensive, and rapid relief treatment therapy. Different types of injuries cause swelling and inflammation, for which application of ice decreases the blood flow towards injury thereby, reducing the swelling and inflammation. However, heat therapy aids in increasing blood flow in turn supplying nutrients and oxygen in order to relax the ligaments and muscle. Heat is applied by electric or microwave heating pads, hot water bath or gel packs. Whereas, cold therapy is consists of ice or cold gel packs. Heat and cold therapy are good for strains, sprains, and bruises that occur during heavy physical or sports training sessions.
Key Market Drivers:
Increasing prevalence of chronic pain and growing geriatric population is expected to augment growth of the hot and cold therapy packs market during the forecast period. According to the Centers for Disease Control and Prevention (CDC), chronic pain and high-impact chronic pain both increased with age and were highest among adults aged 65 and over. For instance, as per the World Health Organization (WHO), by 2030, one in six people in the world will be aged 60 years or over, and this number is expected to double (2.1 billion) by 2050.
High prevalence of injuries is bolstering market growth in North America
Geographically, North America is expected to be dominant in the global market for hot & cold therapy packs due to increasing inclination of populace towards sports activities. According to the Centers for Disease Control and Prevention (CDC) 2016, approximately 53 million people in the U.S. are affected by arthritis or bone-related disease due to small injuries and physical stress. Furthermore, the launch of new and advanced products by manufacturers such as reusable therapy packs coupled with online promotion and sales of therapy packs products are further expected to drive the market growth.
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