(MENAFN- EIN Presswire) global heat therapy market 2030
PORTLAND, OREGON, UNITED STATES, May 25, 2023 /einpresswire.com / -- According to the report published by Allied Market Research, the global heat therapy market garnered $1.4 billion in 2021, and is estimated to generate $2.4 billion by 2031, manifesting a CAGR of 5.7% from 2022 to 2031. The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.
Key Takeaways:
Growing Popularity: Heat therapy, also known as thermotherapy, has gained significant popularity in recent years. It involves the application of heat to specific areas of the body to provide pain relief, improve blood circulation, relax muscles, and promote healing.
Diverse Applications: Heat therapy is used for various purposes and can be applied through different methods such as heating pads, hot water bottles, warm towels, heat wraps, and heating lamps. It is commonly used to alleviate muscle and joint pain, reduce stiffness, ease menstrual cramps, and relieve tension.
Increasing Awareness: With a greater emphasis on holistic health and wellness, there has been a rise in awareness about the benefits of heat therapy. People are becoming more knowledgeable about its applications and are seeking non-pharmaceutical solutions for pain management and relaxation.
Technological Advancements: The heat therapy market has witnessed technological advancements that have improved the effectiveness and convenience of heat therapy devices. For example, there are now wearable heating devices that can be easily strapped onto the body, providing targeted and portable heat therapy.
Sports and Fitness Industry: Heat therapy has found significant usage in the sports and fitness industry. Athletes and fitness enthusiasts use heat therapy to warm up muscles before physical activity, enhance performance, and accelerate post-workout recovery. This has contributed to the growth of the market.
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Market Drivers:
Increasing Prevalence of Chronic Pain: Chronic pain conditions such as arthritis, back pain, fibromyalgia, and joint pain affect a significant portion of the global population. Heat therapy offers a non-invasive and drug-free approach to pain management, which is driving its adoption.
Growing Aging Population: The global population is aging, leading to a higher incidence of age-related conditions such as osteoarthritis and musculoskeletal disorders. Heat therapy is commonly used to alleviate the symptoms of these conditions, driving the demand for heat therapy products.
Rising Awareness of Non-Pharmaceutical Solutions: There is a growing preference for non-pharmaceutical solutions for pain management and wellness. Heat therapy provides a natural and drug-free alternative to traditional pain relief methods, leading to increased adoption among individuals seeking holistic approaches to healthcare.
Market Segmentation:
Product Type:
a. Heating Pads: Electric heating pads, microwaveable heating pads, and disposable heating pads.
b. Heat Wraps: Self-adhesive heat wraps, heat belts, and heat patches.
c. Electric Blankets: Heated blankets designed for therapeutic purposes.
d. Heated Massage Devices: Devices that combine heat therapy with massage functions.
Application:
a. Musculoskeletal Disorders: Heat therapy products targeting conditions such as arthritis, back pain, muscle strains, and joint stiffness.
b. Sports Injuries: Products used for heat therapy in sports and athletic activities to prevent injuries, warm up muscles, and aid in recovery.
c. Menstrual Cramps: Heat therapy products specifically designed to relieve pain associated with menstrual cramps.
d. Others: Heat therapy products used for relaxation, stress relief, and general well-being.
End User:
a. Hospitals and Clinics: Heat therapy devices used in healthcare facilities by medical professionals for patient treatment.
b. Home Use: Heat therapy products intended for individual use at home for self-treatment and pain management.
c. Sports and Fitness Centers: Heat therapy products used in gyms, sports clinics, and fitness centers for athletes and fitness enthusiasts.
Distribution Channel:
a. Online Retail: Heat therapy products sold through e-commerce platforms and online retailers.
b. Offline Retail: Heat therapy products available in brick-and-mortar stores such as pharmacies, supermarkets, and specialty stores.
Geography:
a. North America
b. Europe
c. Asia Pacific
d. Latin America
e. Middle East and Africa
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Competitive Landscape:
Beurer GmbH
DJO Global, LLC
Drive DeVilbiss Healthcare
Halyard Health, Inc.
HealthSmart International, Inc.
KARL STORZ SE & Co. KG
Kaz, Inc. (Helen of Troy Limited)
Life Care Systems
Medtronic plc
TheraPearl LLC
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