Global Hot & Cold Therapy Packs Market to Reach $788.6 Million by 2012, According to New Report by Global Industry Analysts, Inc.
Rising healthcare costs are expected to drive the market for home healthcare products, especially in the medical self-care segment. Global hot & cold therapy packs market is projected to reach $788.6 million by the year 2012.
San Jose, California (PRWEB) April 16, 2008
Hot & cold therapy packs market encompasses products that address problems of arthritis, cold tumors, poliomyelitis, pelvic diseases, malignant ulcers, hemostasis, analgesic, soft tissue inflammation and other ailments. Technological advancements in hot & cold therapy packs have resulted in the development of easy-to-use therapy packs, in addition to fewer side effects. Companies, which can provide these benefits to patients, would be able to reap rich dividends. Driven by rising population of aged people around the world, hot & cold therapy packs market (http://www. strategyr. com/Hot_and_Cold_Therapy_Packs_Market_Report. asp) is projected to increase at a rapid pace. Asia-Pacific and Latin America are projected to offer the highest growth opportunity for hot & cold therapy packs, recording CAGR of 9.2% and 8.75% respectively over the period 2000-2010, as stated by Global Industry Analysts, Inc. Asia-Pacific hot & cold therapy packs market is estimated at $72.9 million for the year 2008. United States represents the largest market for hot & cold therapy packs.
Improved medicare facilities have resulted in an increase in the average life of people, resulting in larger population of aged people, resulting in the growing prevalence of arthritis and other age related orthopedic and muscular disorders. Localized heating/cooling pads market (http://www. strategyr. com/Hot_and_Cold_Therapy_Packs_Market_Report. asp) is projected to offer the highest growth opportunity among all hot & cold therapy packs, registering a CAGR of over 9%. Cold packs market (http://www. strategyr. com/Hot_and_Cold_Therapy_Packs_Market_Report. asp) in Europe is expected to be $87.4 million by 2010.
Gel-based packs are eating into the share of electric heating pads; the former is easy to use and much safer, as gel-based packs can easily be heated in a microwave before use. Gel-based packs also remove the risk of electric short-circuits and shocks of fast-outdating electric therapy packs.
The report titled "Hot & Cold Therapy Packs: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, industry overview, study on thermotherapy and cryotherapy and its applications, types of therapy packs, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in value sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific and Latin America for the period 2000-2015. Product segments analyzed include Cold Packs, Hot Packs, Moist Therapy Packs, Hot Pack Heating Units and Localized Heating/Cooling Pads.
Key players dominating the global hot & cold therapy packs market include BREG, Inc, Cardinal Health, Chattanooga Group, Corso Enterprises, Covidien, Uni-Patch, DJO Incorporated and Kimberly-Clark Health Care
For more details about this research report, please visit
Http://www. strategyr. com/Hot_and_Cold_Therapy_Packs_Market_Report. asp (http://www. strategyr. com/Hot_and_Cold_Therapy_Packs_Market_Report. asp)
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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