Cold Pain Therapy Market share forecast to witness considerable growth from 2017 to 2024

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Cold Pain Therapy Market Size, Industry Analysis
Report, Regional Outlook from 2017 to 2024.
Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Cold Pain Therapy Market

• Growing need and adoption of topical analgesics
  over oral drugs due to the paramount advantages
  offered by the former such as less systemic
  absorption, reduced side effects and minimized
  risk of toxicity proves to be a convincing
  alternative for the healthy management of severe
  and chronic pain situations boosting the cold
  pain therapy market growth.
• Lack of reimbursement and complications and
  discomfort associated with this therapy can
  hamper business growth over the forecast period.
• U.S. will drive the North America cold pain
  therapy market owing to the presence of
  well-established players along with growing
  number of emergency visits due to sports and
  recreational injuries among children in the
  country propelling demand for cold patches, gels,
  wraps, and ointments in the future.
• Japan shall witness significant growth rate in
  the coming years owing to increasing number of
  baby boomers who are more prone to suffer from
  chronic diseases and face problems such as
  inability to swallow tablets and pills give an
  opportunity for topical analgesics over the
  forecast period.

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• Over-the-counter (OTC) drugs or non-prescribed
  drugs held a momentous share as of 2016, due to
  their convenience, ease-of-use, availability of
  pharmaceuticals such as cooling sprays, creams
  and patches along with rising preference for
  self-care for treating minor ailments and
  associated pain stimulating the overall industry
  growth in the future.
• Prescription-based drugs will grow at a rapid
  pace owing to the mounting usage of motorized
  cold therapy modalities to decrease
  post-operative pain and swelling in eldering
  patients.
• Based on applicability, musculoskeletal disorders
  market will witness a significant growth in 2016
  owing to increasing geriatric patient pool
  suffering from chronic ailments such as
  osteoporosis and arthritis along with soaring
  demand to alleviate pain, swelling and speed up
  recovery post-surgical procedures.

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Competitive Market Share of Cold Pain Therapy
Market

• Cold Pain Therapy Market size should witness
  significant growth due to rising incidences of
  sports injuries across the globe.
• As per CDC, an average of around 8.6 million
  individuals aged 5 years and above are affected
  with sports and recreational injuries annually in
  the U.S. between 2011 and 2014 which further
  results in pain and fuels the demand for products
  such as ice packs, patches, wraps, gels and
  ointments over the coming few years.
• Increasing awareness pertaining to prevention of
  sports injuries in children will assist in
  overall business growth. Based on CDC, sports and
  recreational activities are the major cause of
  traumatic brain injuries in children.
• Therefore, CDC has developed the HEADS-UP
  initiative to provide information to parents,
  coaches, and athletes involved in youth sports to
  prevent, recognize, and respond to a concussion.

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