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Localized Temperature Therapy Products Market Size 2021, Share Estimation, Trend Analysis, Industry Growth Rate, Company Profiles with Strategies, Global Sales and Revenues, Future Demands, Production-Scenario and Supply Forecast 2027

Report Ocean presents a new report on Localized Temperature Therapy Products Marketsize, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.

Global Localized Temperature Therapy Products Market is valued approximately USD 1.37 million in 2019 and is anticipated to grow with a healthy growth rate of more than 6.15 % over the forecast period 2020-2027.

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.

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Localized temperature therapy products use temperature to treat pain, arthritis and Chronic aches. The application of the temperatures is done through various hot and cold products such as gel packs. The use of these products have numerous benefits in clinical area such as pain relief, improved blood flow and reduction of swelling, removal of wastes and toxins. Thus, the advantages offered by the use of these therapy products drives the market towards growth. The rising prevalence of arthritis along with several other chronic aches drives the market growth. As per Arthritis India as of 2018, over 180 million people of India accounting to 15% of the population had Arthritis. As per Arthritis Society, as of 2019, about 20% of the Canadian population above 15 years of age have arthritis accounting for 1 in 5 people. And women are more likely to have arthritis as compared to men resulting in nearly 60% of the affected population being women. Further, the society forecasts this prevalence to increase over the coming decades. As per the projected data, about 24% of the Canadian population will have arthritis by 2040. Further, rising sedentary work life and lack of exercise which leads to obesity augments pain in various parts of the body driving the demand for localized temperature therapy products. Moreover, the cost effectiveness associated with use of localized therapy products further increases consumer preference supporting the market growth. However, side effects such as inflammation and swelling on misuse impedes the growth of the market over the forecast period of 2020-2027. Although, growing preference towards Non-Invasive, Drug Free Pain Management Therapy presents a lucrative opportunity for the market.

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The regional analysis of global Localized Temperature Therapy Products market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to Rising emphasis by market players on treatments for sports injuries, a demand for heat therapy for injuries in lower limb injuries and higher incidences if musculoskeletal disorders. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rapidly increasing airports increasing prevalence of arthritis would create lucrative growth prospects for the Localized Temperature Therapy Products market across Asia-Pacific region.

Major market player included in this report are:
Medtronic plc
Cardinal Health
Medline Industries Inc.
Cincinnati Sub Zero
B.u.W. Schmidt
Pic Solution
Rapid Aid
Macon & Company Inc.
Adroit Medical Systems
Advanced Home Care

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:
By Product Type:
Localized Neonatal Therapy Product
Localized Heat Therapy Product
Localized Cold Therapy Product
By Area of Application:
By Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

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By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

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What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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Updated : 2022-05-24 11:38 GMT+08:00