Localized Temperature Therapy Products Market Research Report Information By Product (Localized Neonatal Therapy Product, Localized Heat Therapy Product, and Localized Cold Therapy Product), By Area of Application (Neck, Shoulder, Knee, Back, and Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Global Localized Temperature Therapy Products Market Overview

Localized Temperature Therapy Products Market Size was valued at USD 1.7 Billion in 2022. The Localized Temperature Therapy Products market industry is projected to grow from USD 1.80 Billion in 2023 to USD 2.85 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.90% during the forecast period (2023 - 2032). The rise in musculoskeletal conditions such back pain, arthritis, and sports injuries are the key market drivers accelerating market expansion.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Localized Temperature Therapy Products Market Trends

• Increased attention to more pleasant treatments is driving the market growth

Market CAGR for localized temperature therapy products is being driven by the increased attention to more pleasant treatments. Products for localized temperature therapy are medical devices that use heat to treat illnesses like pain, inflammation, and various aches and pains. These items are intended to be applied to particular body parts, such as the shoulders, knees, or back, and often use either heat or cold to alleviate pain.

Additionally, increased blood flow to the affected area is how heat treatment products work, which can help ease pain and stiffness. These items often involve applying a heating pad, wrap, or patch to the skin, which can then be heated with electricity, a microwave, or hot water. Products for cold therapy lower blood flow to the injured area, which can help lessen swelling and inflammation. These goods can be frozen in a freezer or refrigerator and frequently involve the application of a cold pack or wrap to the skin. Products for localized temperature therapy are frequently used to treat illnesses like muscle strains, arthritis, and joint pain. After surgery or other medical treatments, they can also aid in reducing inflammation.

A major market driver is the increase in musculoskeletal illnesses such arthritis, joint pain, and back pain. The fact that localized temperature therapy solutions are frequently used to treat these ailments is the main factor boosting the market for these goods ly. The market for localized temperature therapy devices has increased because they offer a practical and cost-efficient method for treating pain. Additionally, there are barriers to the expansion of the total market for localized temperature therapy products, including their limited effectiveness for specific ailments, dangers and side effects, and the availability of alternative therapies.

For instance, According to the Arthritis Society Canada, 50% of Canadians will have arthritis by 2040, up from an estimated 20% today. Additionally, with rising healthcare costs worldwide, controlling pain and enhancing patient outcomes are given more priority. Thus, result in driving the Localized Temperature Therapy Products market revenue.

Localized Temperature Therapy Products Market Segment Insights

Localized Temperature Therapy Products Product Insights

The Localized Temperature Therapy Products market segmentation, based on Product includes Localized Neonatal Therapy Product, Localized Heat Therapy Product, and Localized Cold Therapy Product. The localized heat therapy product segment dominated the market. When compared to possibilities for cold therapy, long-term exposure to heat treatment can be used for severe pain cases, increasing the likelihood that it will be adopted.

Localized Temperature Therapy Products Area of Application Insights

The Localized Temperature Therapy Products market segmentation, based on Area of Application, includes Neck, Shoulder, Knee, Back, and Others. The back category generated the most income. Because it can enhance blood flow, and, consequently, the concentrations of oxygen and nutrients reaching wounded tissue, heat therapy has become widely used to treat lumbar spine injuries as well as mild back pain. In addition, heat therapy has a strong potential for enhancing back flexibility, which is important for preserving the health of the back.

Localized Temperature Therapy Products Distribution channel Insights

The Localized Temperature Therapy Products market segmentation, based on distribution channel, includes Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies. The retail pharmacies category generated the most income. The increased sales through retail pharmacies can be attributed to the distribution channel's extensive penetration, patients' simple access, and low product costs, as well as the need for pain relief solutions for at-home usage, which is anticipated to support growth factors over the projection period.

Figure1:  Localized Temperature Therapy Products Market, by Distribution channel, 2022&2032 (USD Billion)

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Localized Temperature Therapy Products Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Localized Temperature Therapy Products market area will rule this market, because of the rising risk of back and knee disorders brought on by obesity and sedentary work environments.

Further, the major countries studied in the market report are The US, Canada, France, the UK, Italy, German, Spain, India, Australia, South Korea, China, Japan, and Brazil.

Figure2:  LOCALIZED TEMPERATURE THERAPY PRODUCTS MARKET SHARE BY REGION 2022 (USD Billion)

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Europe Localized Temperature Therapy Products market is responsible for the highest market share in second place, 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. Further, the German Localized Temperature Therapy Products market held a dominant market share, and the UK Localized Temperature Therapy Products market was the European region's fastest-growing market.

The Asia-Pacific Localized Temperature Therapy Products Market is anticipated to see the fastest CAGR between 2023 and 2032. The large patient pool and the rise in shoulder and back discomfort brought on by lengthy work hours are credited with the rising demand. Moreover, China’s Localized Temperature Therapy Products market held a dominant market share, and the Indian Localized Temperature Therapy Products market was the Asia-Pacific region's fastest-growing market.

Localized Temperature Therapy Products Key Market Players& Competitive Insights

Leading market players are putting a lot of money on R&D to extend the range of their goods, which will fuel the growth of the market for localized temperature therapy products. Additionally, market participants are engaging in a range of strategic initiatives to increase their worldwide reach, with important market developments such as the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other organizations. to grow and endure in an increasingly competitive and challenging market environment, Localized Temperature Therapy Products industry must provide reasonably priced goods.

One of the main business strategies employed by manufacturers is to produce locally to reduce operational expenses in the Localized Temperature Therapy Products industry to develop market sector and provide benefits to customers. In recent years, the Localized Temperature Therapy Products industry has provided the healthcare sector with some of the most significant benefits. Major players in the Localized Temperature Therapy Products market, including C2Dx Inc., Medtronic plc, Cardinal Health, 3M Company, Medline Industries Inc, Cincinnati Sub Zero, and others, invest in operations for research and development in an effort to improve market demand.

Medical device maker Medtronic plc is based in the United States. Due to the business's 2015 acquisition of Covidien, an Irish company, its legal headquarters are in Ireland, while its operational and executive offices are located in Minneapolis, Minnesota. It employs more than 90,000 people and, despite operating mostly in the US, is present in more than 150 other nations. Healthcare technologies and treatments are created and produced by this company. In 2022, Affera, Inc. would be acquired, the company declared. The Touch Surgery Enterprise platform from Medtronic will be added to Vizient's healthcare products as part of a deal that was announced in March by the two parties.

Cardinal Health, Inc. is a worldwide American health care services firm that generates the 14th biggest amount of revenue in the US. The corporation, which has its headquarters in Dublin, Ohio, distributes pharmaceuticals and medical supplies to more than 100,000 locations. Additionally, the business produces surgical and medical goods such gloves, scrubs, and fluid management items. Additionally, it runs one of the biggest radio pharmacies networks in the country. More than 75% of American hospitals receive medical supplies from Cardinal Health. In 2021, Cardinal Health and additional drug manufacturers consented to take part in a $26 billion settlement. Cardinal will make 18 payments totaling $6.4 billion.

Key Companies in the Localized Temperature Therapy Products market include

• C2Dx Inc.,


• Medtronic plc,


• Cardinal Health,


• 3M Company,


• Medline Industries Inc.,


• Cincinnati Sub Zero

Localized Temperature Therapy Products Industry Developments

October 2022: Medtronic plc, declared its plan to pursue the separation of the combined Patient Monitoring and Respiratory Interventions businesses of the company, which are a component of the Medical Surgical Portfolio of the company.

February 2022: The University of Kansas Health System and Medline formed a premier vendor alliance. As the system's main vendor, Medline is permitted to exclusively sell a wide range of crucial medical products and services among the five acute care hospital facilities that make up the health system.

June 2019: Zuellig Pharma and Mölnlycke expand their collaboration for South East Asian advanced wound care products.

Localized Temperature Therapy Products Market Segmentation

Localized Temperature Therapy Products Product Outlook

• Localized Neonatal Therapy Product


• Localized Heat Therapy Product


• Localized Cold Therapy Product

Localized Temperature Therapy Products Area of Application Outlook

• Neck


• Shoulder


• Knee


• Back


• Others

Localized Temperature Therapy Products Distribution Channel Outlook

• Hospital Pharmacies


• Retail Pharmacies


• Online Pharmacies

Localized Temperature Therapy Products Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America