Cold Pain Therapy Market

Cold Pain Therapy Market Size, Share, Trends, Growth, and Industry Analysis, By Product (OTC Products and Prescription Products), Application (Musculoskeletal Disorders, Post-Operative Therapy, Sports Injuries and Post-Trauma Therapy), and Distribution Channel (Hospital Pharmacies, Retail Pharmacies and Online Pharmacies), Regional Analysis and Forecast 2032.

Pharma & Healthcare | May 2024 | Report ID: EMR00866 | Pages: 255

Global Cold Pain Therapy market size was USD 2.15 billion in 2023 and the market is projected to touch USD 3.67 billion by 2032, at a CAGR of 6.12% during the forecast period.


Cold therapy, also known as cryotherapy, involves the use of cold temperatures to reduce pain and inflammation, commonly used to treat injuries and manage chronic conditions like arthritis. This market includes a wide range of products such as cold packs, wraps, gels, and machines that provide cold therapy effectively. Cold pain therapy is in high demand due to the growing prevalence of musculoskeletal problems, sports injuries, and post-operative pain, as well as increased knowledge of the benefits of non-invasive pain management methods.

Technological developments in cold therapy products, increased healthcare expenditures, and an aging population all help to drive market expansion. Furthermore, the increasing availability of cold treatment products through various distribution channels, such as online retail, pharmacies, and specialty stores, fuels market growth. However, issues such as limited payment policies, regulatory impediments, and the emergence of alternative pain management approaches represent possible barriers to market growth.


Global Cold Pain Therapy report scope and segmentation.

Report Attribute


Estimated Market Value (2023)

USD 2.15 billion

Projected Market Value (2032)

USD 3.67 billion

Base Year


Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Product, By Application, By Distribution Channel, & Region.

Segments Covered

By Product, By Application, By Distribution Channel, & By Region.

Forecast Units

Value (USD Million or Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.


Global Cold Pain Therapy dynamics

The increased incidence of musculoskeletal problems and sports injuries around the world is a key driver of demand for better pain management treatments. Furthermore, the expanding geriatric population, which is predisposed to chronic diseases such as arthritis, helps to market growth. Wearable gadgets and portable cold therapy units are examples of technological improvements in cold therapy goods that improve convenience and efficacy, driving market expansion even further.

Furthermore, rising healthcare costs and growing awareness of non-invasive pain management approaches drive market demand. However, the market has hurdles such as limited reimbursement policies for cold therapy treatments, which may inhibit adoption, especially in countries with strict healthcare laws. Regulatory hurdles associated with product approval and compliance also pose challenges to market players. Furthermore, the presence of alternative pain management methods, including heat therapy and pharmacological interventions, adds competitive pressure on the cold pain therapy market.


Global Cold Pain Therapy drivers

  • Increasing Incidence of Musculoskeletal Disorders and Sports Injuries

The growing prevalence of muscular disorders and sports-related injuries globally is a major driver of the cold pain therapy industry. Sedentary lifestyles, aging populations, and increased engagement in sports all contribute to the rise in the prevalence of disorders such as sprains, strains, and tendonitis. As people seek effective pain relief and a faster recovery, the market for cold therapy products grows. Furthermore, cold treatment is well known for its capacity to reduce inflammation, relieve pain, and promote tissue repair, making it a popular choice among athletes and people recuperating from injuries. This ongoing need for cold pain therapy solutions is projected to boost market expansion dramatically.

  • Technological Advancements in Cold Therapy Products

Ongoing advancements in cold therapy technology, such as the development of wearable devices, portable cold therapy units, and automated systems, enhance the efficacy, convenience, and user experience of cold pain therapy. These innovations cater to the evolving needs of consumers, offering targeted pain relief, adjustable temperature settings, and ease of use.

For instance, wearable cold therapy wraps provide continuous and hands-free application of cold therapy, allowing individuals to remain mobile while receiving treatment. Similarly, portable cold therapy units enable on-the-go pain management, catering to active lifestyles. Such technological advancements not only improve patient compliance and satisfaction but also expand the market reach by addressing diverse consumer preferences and requirements. Consequently, technological innovation remains a significant driver propelling the growth of the cold pain therapy market.



  • Limited Reimbursement Policies for Cold Therapy Treatments

Despite the effectiveness of cold therapy in pain management, payment regulations for cold therapy treatments are frequently limited or absent in many healthcare systems. This lack of reimbursement has a substantial impact on market growth, especially in nations where healthcare expenditures are predominantly covered by insurance or government healthcare programs. Without proper payment, patients may encounter financial challenges to receiving cold therapy treatments, resulting in decreased acceptance rates and market penetration. Furthermore, healthcare professionals may be hesitant to recommend cold therapy due to concerns about out-of-pocket payments for patients, thereby limiting the market's growth potential.

  • Regulatory Hurdles Associated with Product Approval and Compliance

Regulatory requirements for cold treatment products, such as safety regulations, product labeling, and marketing clearances, provide substantial obstacles for industry participants. The complicated regulatory landscape differs by location and country, necessitating extensive testing, documentation, and compliance with local requirements. Delays or failures in gaining regulatory licenses can stymie product introductions, limit market entrance, and raise operational expenses for manufacturers. Furthermore, changes in regulatory rules or enforcement activities might disrupt existing market strategies, requiring costly revisions to assure compliance. As a result, regulatory barriers provide significant limitations on the growth and expansion of the cold pain therapy market.



  • Growing Geriatric Population and Rising Healthcare Expenditure

The elderly are more vulnerable to chronic illnesses like arthritis, which can cause long-term joint pain and suffering. As the global geriatric population grows, there is an increasing demand for effective pain management solutions adapted to the unique needs of the aged. Cold pain therapy gives a significant chance to meet this demand by providing non-invasive, drug-free options for addressing chronic pain in older persons.

Furthermore, rising healthcare spending, particularly in emerging nations, directs more resources into upgrading healthcare infrastructure and access to innovative treatment options. This provides favourable conditions for market players to invest in product research, build distribution networks, and capitalize on the growing demand for cold pain therapy among older populations.


Segment Overview

  • By Product

The segmentation of the Cold Pain Therapy market by product divides it into two main categories: Over-the-Counter (OTC) products and Prescription products. Over-the-Counter products refer to cold therapy solutions that are available without the need for a doctor's prescription, including cold packs, wraps, gels, and topical analgesics. These products are commonly used for self-care and home-based pain management, offering convenience and accessibility to consumers.

On the other hand, Prescription products encompass cold therapy treatments that require a healthcare provider's prescription, such as advanced cold therapy devices and specialized treatment protocols. These products are typically prescribed for more severe or complex pain conditions, including post-operative therapy and chronic musculoskeletal disorders, where personalized treatment plans and professional supervision are necessary.

By offering a range of cold therapy options catering to different levels of pain severity and patient needs, the segmentation by product enables market players to address diverse consumer preferences and expand their market reach effectively.

  • By Application

The Cold Pain Therapy market is segmented by application, highlighting major therapeutic areas where cold therapy is often utilized to relieve pain and enhance recovery. These applications include musculoskeletal disorders, post-operative therapy, sports injuries, and post-trauma therapy. Musculoskeletal Disorders refer to a wide range of illnesses affecting the muscles, bones, and joints, including arthritis, tendonitis, and fibromyalgia, in which cold therapy is used to reduce inflammation and relieve pain. Cold treatment is used to decrease pain and edema after surgical procedures, resulting in a speedier recovery and rehabilitation.

Sports injuries frequently require urgent cold therapy to reduce swelling, bruising, and pain, allowing athletes to return to action sooner. Post-Trauma Therapy involves the application of cold therapy in acute injury situations, such as sprains, strains, and fractures, to mitigate pain and support healing. By targeting these specific applications, market players can tailor their product offerings and marketing strategies to meet the distinct needs of healthcare professionals, athletes, and individuals seeking effective pain relief and recovery solutions.

  • By Distribution Channel

The Cold Pain Therapy market is segmented by distribution channel, which outlines the numerous ways in which cold therapy goods are available to customers. These distribution channels are hospital pharmacies, retail pharmacies, and online pharmacies. Hospital pharmacies are major distribution centers within healthcare facilities, giving access to cold treatment products for both inpatient and outpatient use.

Retail pharmacies provide cold therapy items to consumers through physical locations, making them easily available for over-the-counter purchases and prescription fulfilment. Online pharmacies are an increasingly popular distribution channel, providing consumers with the convenience and flexibility to acquire cold therapy items from the comfort of their own homes. Through these diverse distribution channels, market players can reach a wide audience of healthcare professionals, patients, and caregivers, ensuring broad market coverage and availability of cold pain therapy products across different geographical regions and demographics.


Global Cold Pain Therapy Overview by Region

North America dominates the market, owing to factors such as high healthcare spending, a well-established healthcare infrastructure, and a big patient population suffering from musculoskeletal disorders or sports injuries. The region also benefits from strong product innovation and the use of modern cold therapy technology. Europe follows closely, with a growing older population, rising awareness of non-invasive pain management approaches, and advantageous payment rules for cold therapy treatments in some countries.

The Asia Pacific region offers considerable growth prospects due to the increasing frequency of chronic illnesses, developing healthcare infrastructure, and rising disposable income levels. Emerging markets such as China, India, and Brazil are witnessing strong market growth due to increased healthcare access, increasing consumer awareness, and investments in healthcare infrastructure development. However, market expansion in these regions is hindered by regulatory challenges, pricing pressures, and competition from traditional pain management methods. Nonetheless, strategic investments by market players in geographical expansion, product innovation, and partnerships with local stakeholders are driving market penetration and growth across regions.



Global Cold Pain Therapy market competitive landscape

Major market participants include Pfizer Inc., Johnson & Johnson Services, Inc., 3M Company, Beiersdorf AG, and Hisamitsu Pharmaceutical Co., Inc. These organizations prioritize product innovation, strategic alliances, mergers and acquisitions, and geographical expansion in order to increase their market position and acquire a larger share of the global market. Furthermore, new firms and start-ups are entering the market with innovative cold therapy options, fuelling competition.

Market participants distinguish themselves by offering diversified product portfolios, modern technologies, and strong distribution networks that cater to healthcare institutions, retail pharmacies, and online platforms. Moreover, partnerships with healthcare professionals, sports organizations, and rehabilitation centers enable companies to enhance brand visibility and build customer trust. Regulatory compliance, quality assurance, and adherence to industry standards are critical factors driving competitive advantage in the market.

Key Players:

  • Romsons Sustaining the Life Force
  • 3M
  • DJO, LLC
  • Hot and Cold Company
  • Polar Products Inc.
  • Medline Industries, Inc.
  • Hisamitsu Pharmaceutical Co.,Inc.
  • Sanofi
  • ROHTO Pharmaceutical Co. Ltd.
  • Medtronic
  • Unexo Laboratories Pvt. Ltd.
  • Bruder Healthcare Company LLC.
  • MeyerDC
  • Breg, Inc.
  • Medichill UK Ltd. 


Global Cold Pain Therapy Recent Developments

  • May 2023, Aspen Medical Products (Aspen), a top player in mobility and pain management solutions, and NICE Recovery Systems (NICE), a prominent provider in sports and injury recovery, are delighted to unveil a strategic collaboration. This partnership is geared towards delivering enhanced recovery and pain management solutions to both patients and healthcare practitioners.


Scope of global Cold Pain Therapy report

Global Cold Pain Therapy report segmentation



By Product

  • OTC Products
  • Prescription Products

By Application

  • Musculoskeletal Disorders
  • Post-Operative Therapy
  • Sports Injuries
  • Post-Trauma Therapy

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request


  • Available upon request


Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Cold Pain Therapy size and forecast: To identify and estimate the market size for global Cold Pain Therapy market segmented By Product, By Application, By Distribution Channel, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Cold Pain Therapy
  • Market Influencing Factors: To find out the factors which are affecting the market of global Cold Pain Therapy among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Cold Pain Therapy forecast period is 2024 - 2032.
According to global Cold Pain Therapy research, the market is expected to grow at a CAGR of ~ 6.12% over the next eight years.
The possible segments in global Cold Pain Therapy are based on By Product, By Application, By Distribution Channel, & by region.
The expected market size for Global Cold Pain Therapy is USD 3.67 billion in 2032.
The major players in the market are Romsons Sustaining the Life Force, 3M, DJO, LLC, Hot and Cold Company, Polar Products Inc., Medline Industries, Inc., Hisamitsu Pharmaceutical Co.,Inc., Sanofi, ROHTO Pharmaceutical Co. Ltd., Medtronic, Unexo Laboratories Pvt. Ltd., Bruder Healthcare Company LLC., MeyerDC, Breg, Inc., and Medichill UK Ltd..

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