Cold Packs Market Overview

The report is titled as ‘Cold Packs Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the cold packs market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The cold packs market is expected to grow at significant rate in the near future.

The global cold packs market in 2020 is estimated for more than US$ 1,531.8 Mn and expected to reach a value of US$ 2,197.3 Mn by 2028 with a significant CAGR of 4.6%.

Cold Packs Market Definition

Cold therapy is increasingly becoming popular in sports medicine as it is proving to be effective in providing relief to muscle pain, sprains, and other muscular injuries. Cold packs therapy is also beneficial to treat joint pain, inflammation, and swelling, temporary stoppage of small incisions due to accidents or trauma, etc.

Pain can be treated by application of cold as the pain makes the veins in tissues to contract and reduce blood circulation to the injury site. Once the cold is removed, blood flushes into the vein and promotes wound healing. Cold packs are applied within 24-48 hours of injury.

However, cold pack therapy is not recommended in patients with impaired circulation, ischemic diseases, open wounds, skin sensitivity, Raynaud’s disease, etc. Cold packs provide temporary comfort from pain but are not suitable for acute exudation wounds.  However, cold packs are adjunctive and do require treatment.

Cold Packs Market Dynamics

The growing incidence of sports injuries and road accidents is the primary factor driving demand for the cold packs market. The growing elderly population is another important factor driving the demand of cold packs. Pain is a normal process of aging and elderly people often require pain management for chronic geriatric pain due to joint degeneration, back pains, management of arthritis pain, etc.

According to the United States Census Bureau statistics, the population aged above 65 years will rise to 1.3 Bn by 2040, making 18% of the total world’s population. The growing prevalence of persistent pain is another factor causing the growth of the global cold pack market. However, the only factor restraining the growth of cold packs is shifting demand to herbal and natural medicines for pain.

Cold Packs Market Key Players

The market for cold packs is highly fragmented with few global players and the large number of regional and local players operating in it. Some of the companies identified in the global cold packs market include 3M, Medline Industries, Inc., Halyards Health Inc., Kobayashi Pharmaceutical Co. Ltd., Beiersdorf, Carex Health Brands, etc.

Cold Packs Market Segmentation

The global cold packs market is segmented on the basis of product type, distribution channels, and region. On the basis of product type, the global cold packs market can be segmented into instant cold packs, cold patches, gel-filled cold packs, and others. On the basis of the distribution channel, the global cold packs market can be segmented into pharmacies, e-commerce, hypermarkets and supermarkets, and others.

By Product Type

•    Instant Cold Packs

•    Cold Patches

•    Gel Filled Cold Packs

•    Others

By Distribution Channel

•    Pharmacies

•    E-Commerce

•    Hypermarkets

•    Supermarkets

•    Others

Cold Packs Market Regional Overview and Analysis

On the basis of region, the global cold packs market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America cold packs market is expected to remain dominating throughout the forecast period. Asia Pacific cold packs market is expected to expand at the highest CGAR of XX% due to the large number of emerging players in the region.

MMC Overview on Cold Packs Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the Cold Packs market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth include (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Cold Packs

•    Advantage of Cold Packs 

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at a regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make an informed decisions.

A mix of top-down and bottom-up approach is followed to arrive at and validate our market value estimations. For a product segment wherein one/two manufacturer(s) dominates the market, its product sales, previous growth rates, and market expansion plans are considered to generate market share in the global market.

 1.    Global Cold Packs Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Cold Packs Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Cold Packs Market Snapshot

2.4.    Global Cold Packs Market Size and Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Cold Packs Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Cold Packs Market, By Product Type

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Product Type

3.1.2.    BPS Analysis, By Product Type

3.2.    Market Revenue (US$Mn) Forecast, By Product Type

3.2.1.    Instant Cold Packs

3.2.2.    Cold Patches

3.2.3.    Gel Filled Cold Packs

3.2.4.    Others

3.3.    Global Cold Packs Market Attractiveness Index, By Product Type

4.    Global Cold Packs Market, By Distribution Channel

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Distribution Channel

4.1.2.    BPS Analysis, By Distribution Channel

4.2.    Market Revenue (US$Mn) Forecast, By Distribution Channel

4.2.1.    Pharmacies

4.2.2.    E-Commerce

4.2.3.    Hypermarkets

4.2.4.    Supermarkets

4.2.5.    Others

4.3.    Global Cold Packs Market Attractiveness Index, By Distribution Channel

5.    Global Cold Packs Market, By Region

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Region

5.1.2.    BPS Analysis, By Region

5.2.    Market Revenue (US$Mn) Forecast, By Region

5.2.1.    North America

5.2.2.    Latin America

5.2.3.    Europe

5.2.4.    Asia Pacific

5.2.5.    Middle East and Africa

5.3.    Global Cold Packs Market Attractiveness Index, By Region

6.    North America Cold Packs Market Analysis and Forecast, 2020–2028

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Country

6.1.2.    BPS Analysis, By Country

6.2.    Market Revenue (US$Mn) Forecast, By Country

6.2.1.    U.S. Cold Packs Market

6.2.2.    Canada Cold Packs Market

6.3.    North America Cold Packs Market, By Product Type

6.3.1.    Instant Cold Packs

6.3.2.    Cold Patches

6.3.3.    Gel Filled Cold Packs

6.3.4.    Others

6.4.    North America Cold Packs Market, By Distribution Channel

6.4.1.    Pharmacies

6.4.2.    E-Commerce

6.4.3.    Hypermarkets

6.4.4.    Supermarkets

6.4.5.    Others

6.5.    North America Cold Packs Market Attractiveness Index

6.5.1.    By Country

6.5.2.    By Product Type

6.5.3.    By Distribution Channel

7.    Latin America Cold Packs Market Analysis and Forecast, 2020–2028

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Country

7.1.2.    BPS Analysis, By Country

7.2.    Market (US$Mn) Forecast, By Country

7.2.1.    Brazil Cold Packs Market

7.2.2.    Mexico Cold Packs Market

7.2.3.    Argentina Cold Packs Market

7.2.4.    Rest of Latin America Cold Packs Market

7.3.    Latin America Cold Packs Market, By Product Type

7.3.1.    Instant Cold Packs

7.3.2.    Cold Patches

7.3.3.    Gel Filled Cold Packs

7.3.4.    Others

7.4.    Latin America Cold Packs Market, By Distribution Channel

7.4.1.    Pharmacies

7.4.2.    E-Commerce

7.4.3.    Hypermarkets

7.4.4.    Supermarkets

7.4.5.    Others

7.5.    Latin America Cold Packs Market Attractiveness Index

7.5.1.    By Country

7.5.2.    By Product Type

7.5.3.    By Distribution Channel

8.    Europe Cold Packs Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market (US$Mn) Forecast, By Country

8.2.1.    U.K. Cold Packs Market

8.2.2.    Germany Cold Packs Market

8.2.3.    Italy Cold Packs Market

8.2.4.    France Cold Packs Market

8.2.5.    Spain Cold Packs Market

8.2.6.    Russia Cold Packs Market

8.2.7.    Poland Cold Packs Market

8.2.8.    BENELUX Cold Packs Market

8.2.9.    NORDIC Cold Packs Market

8.2.10.    Rest of Europe Cold Packs Market

8.3.    Europe Cold Packs Market, By Product Type

8.3.1.    Instant Cold Packs

8.3.2.    Cold Patches

8.3.3.    Gel Filled Cold Packs

8.3.4.    Others

8.4.    Europe Cold Packs Market, By Distribution Channel

8.4.1.    Pharmacies

8.4.2.    E-Commerce

8.4.3.    Hypermarkets

8.4.4.    Supermarkets

8.4.5.    Others

8.5.    Europe Cold Packs Market Attractiveness Index

8.5.1.    By Country

8.5.2.    By Product Type

8.5.3.    By Distribution Channel

9.    Asia Pacific Cold Packs Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    China Cold Packs Market

9.2.2.    India Cold Packs Market

9.2.3.    Japan Cold Packs Market

9.2.4.    Australia and New Zealand Cold Packs Market

9.2.5.    South Korea Cold Packs Market

9.2.6.    ASEAN Cold Packs Market

9.2.7.    Rest of Asia Pacific Cold Packs Market

9.3.    Asia Pacific Cold Packs Market, By Product Type

9.3.1.    Instant Cold Packs

9.3.2.    Cold Patches

9.3.3.    Gel Filled Cold Packs

9.3.4.    Others

9.4.    Asia Pacific Cold Packs Market, By Distribution Channel

9.4.1.    Pharmacies

9.4.2.    E-Commerce

9.4.3.    Hypermarkets

9.4.4.    Supermarkets

9.4.5.    Others

9.5.    Asia Pacific Cold Packs Market Attractiveness Index

9.5.1.    By Country

9.5.2.    By Product Type

9.5.3.    By Distribution Channel

10.    Middle East Cold Packs Market, By Region

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    GCC Countries Cold Packs Market

10.2.2.    Israel Cold Packs Market

10.2.3.    Oman Cold Packs Market

10.2.4.    Rest of Middle East Cold Packs Market

10.3.    Middle East Cold Packs Market, By Product Type

10.3.1.    Instant Cold Packs

10.3.2.    Cold Patches

10.3.3.    Gel Filled Cold Packs

10.3.4.    Others

10.4.    Middle East Cold Packs Market, By Distribution Channel

10.4.1.    Pharmacies

10.4.2.    E-Commerce

10.4.3.    Hypermarkets

10.4.4.    Supermarkets

10.4.5.    Others

10.5.    Middle East Cold Packs Market Attractiveness Index

10.5.1.    By Country

10.5.2.    By Product Type

10.5.3.    By Distribution Channel

11.    Africa Cold Packs Market, By Region, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    South Africa Cold Packs Market

11.2.2.    Egypt Cold Packs Market

11.2.3.    North Africa Cold Packs Market

11.2.4.    Rest of Africa Cold Packs Market

11.3.    Africa Cold Packs Market, By Product Type

11.3.1.    Instant Cold Packs

11.3.2.    Cold Patches

11.3.3.    Gel Filled Cold Packs

11.3.4.    Others

11.4.    Africa Cold Packs Market, By Distribution Channel

11.4.1.    Pharmacies

11.4.2.    E-Commerce

11.4.3.    Hypermarkets

11.4.4.    Supermarkets

11.4.5.    Others

11.5.    Africa Cold Packs Market Attractiveness Index

11.5.1.    By Country

11.5.2.    By Product Type

11.5.3.    By Distribution Channel

12.    Recommendation

12.1.    Market Strategy

13.    Competitive Landscape

13.1.    Competition Dashboard

13.2.    List and Company Overview of Global Key Players

13.3.    Company Profiles

13.3.1.    Mentholatum Company

13.3.1.1.    Company Overview

13.3.1.2.    Financial Overview

13.3.1.3.    Product Portfolio

13.3.1.4.    Key Developments

13.3.1.5.    Business Strategies

13.3.2.    Cardinal Health Inc.

13.3.3.    Beiersdorf

13.3.4.    Carex Health Brands

13.3.5.    3M

13.3.6.    Medtronics Plc

13.3.7.    Pfizer Incorporation

13.3.8.    Breg Inc.

13.3.9.    Medline Industries, Inc.

13.3.10.     Kobayashi Pharmaceutical Co. Ltd.

13.3.11.    Halyards Health Inc.

14.    Acronyms