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Localized Temperature Therapy Products Market to be driven by increasing emphasis on non-pharmacological and non-surgical treatments is expected to grow at a CAGR of 5.90% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Localized Temperature Therapy Products Market” that contains information from 2018 to 2032.Thelocalized Temperature Therapy Products market is estimated to register a CAGR of 5.90%during the forecast period of 2023 to 2032.


Localized Temperature Therapy Products Market Highlights


The global localized Temperature Therapy Products market is accounted to register a CAGR of 5.90%during the forecast period and is estimated to reach USD 2.85 Billion by 2032.


An increase in the number of persons utilizing items for localized temperature therapy, an increase in the number of people with chronic pain disorders, and a greater emphasis on patient comfort during treatments is the driving factors in this market. The development of portable and simple-to-use localized temperature therapy solutions is another area of increased interest for producers. The market does pose certain dangers, though, such as exorbitant prices, a lack of standards, and competition from other therapeutic modalities.


Key Players


MRFR recognizes the following companies as the key players in the global localized Temperature Therapy Products market— C2Dx Inc., Medtronic plc, Cardinal Health, 3M Company, Medline Industries Inc., and Cincinnati Sub Zero.


Segment Analysis


The global localized Temperature Therapy Products market has been segmented based Product, Area of Application, and Distribution Channel.


On the basis of Product, the market is segmented into Localized Neonatal Therapy Product, Localized Heat Therapy Product, and Localized Cold Therapy Product. The localized heat therapy product segment was attributed to holding the largest market share in 2022, due to the growing awareness about the benefits of heat therapy.


Based on Area of Application, the global localized Temperature Therapy Products market has been segmented into Neck, Shoulder, Knee, Back, and Others. The back segment was expected to hold the largest market share in 2022 due to the relief in pain provided by this product by increasing blood flow.


Based on Distribution Channel, the global localized Temperature Therapy Products market has been segmented into Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies. The retail pharmacies segment was expected to hold the largest market share in 2022 due to simple access, and low product costs provided by this sector.


Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Localized Temperature Therapy Products Market Research Report


Regional Analysis


The global localized Temperature Therapy Products market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe localized Temperature Therapy Products market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The localized Temperature Therapy Products market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World localized Temperature Therapy Products market comprises of Middle East, Africa, and Latin America.


The largest market share for localized Temperature Therapy Products was maintained by the North American regional sector.This increase is ascribed to the existence of important market participants and the growing adoption of cutting-edge technologies in healthcare. Additionally, a strong healthcare infrastructure, favorable reimbursement practices, and high consumer knowledge of the advantages of non-pharmacological pain management choices enhance the North American market for localized temperature therapy devices.


Moreover, the Europe market has been persistently growing over the forecast period. Due to the increased focus on sports injury management by major market players, interest in heat therapy for lower limb injuries, and rising rates of musculoskeletal disorders in Europe.


Additionally, the growing older population in Asian countries is one of the main factors driving the Asia-Pacific market's rise. As a person gets older, their risk of experiencing chronic pain rises, and this risk continues to rise after the age of 65. Cancer, rheumatoid arthritis, joint and bone disorders, as well as other chronic pain-producing conditions, are frequently experienced by the older population.


Furthermore, the rest of the world's localized Temperature Therapy Products market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising interest in self-care and home-based treatments. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.


Key Findings of the Study



  • The global localized temperature therapy products market is expected to reach USD 2.85 billion by 2032, at a CAGR of 5.90% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market due to the increasing older population in Asian Countries

  • Based on Distribution Channel, the retail pharmacies segment was attributed to holding the largest market in 2022.

  • C2Dx Inc., Medtronic plc, Cardinal Health, 3M Company, Medline Industries Inc., and Cincinnati Sub Zero.

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Report details
Companies Covered 15
Pages 128
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