Latest Study on “Heat Therapy Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030”.
The global Heat Therapy market size is expected to be worth around US$ 1.4 billion by 2030, according to a new report by nova one advisor.
The global Heat Therapy market size was valued at US$ 1.2 billion in 2020 and is anticipated to grow at a CAGR of 3.9% during forecast period 2021 to 2030.
The Heat Therapy market report includes specific segments by region, by key players, by type and by application. This study offers information about the production, sales and revenue during the historic and forecasted period of 2016 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
NOTE: COVID-19 has had a major impact on the world economy in addition to that on the public health. This particular pandemic had caused severe economic destruction and not a single country has been left unaffected. The virus has forced businesses around the globe to change the way they operate. This report gives an analysis of the COVID-19 aftermath on Heat Therapy market.
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A recent report provides crucial insights along with application based and forecast information in the Global Heat Therapy Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Heat Therapy market.
With increasing cases of obesity all over the globe, a need for conducting an in-depth study about this healthcare issue led to the development of this report. Increasing binge eating and consumption of junk foods, neglect towards regular exercise, rising levels of stress, are key market drivers. The report discusses more information about these subjects, with a focus on the rising need for Heat Therapy.
A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. With healthcare being a sensitive topic, a separate analysis is included that discusses the widespread continuing obesity all over the globe consequently increasing demand for surgical devices.
North America held a major share of the global heat therapy market in 2020, due to high prevalence of musculoskeletal disorders and rise in geriatric population in the region. According to the Population Reference Bureau, geriatric population in the U.S. is projected to nearly double from 54 million in 2018 to 96 million by 2060. The heat therapy market in Asia Pacific is expected to expand at a high CAGR of 6.0% from 2021 to 2031 due to an increase in healthcare expenditure in the region.
Heat is being suggested as a therapeutic intervention to kill COVID-19 pathogens. Since viruses contained in a lipid membrane or enveloped viruses such as coronavirus and rhinovirus can remain active for long periods in cool and dry conditions, heat has the potential to kill COVID-19 pathogens. Thus, companies in the heat therapy market are capitalizing on this opportunity to revive market during the pandemic. Stakeholders are increasing the availability of saunas, hot springs, hot mud, and sweat lodges to prevent incidences of respiratory tract infections.
Since individuals are limiting their visits to doctors until necessary, manufacturers are taking the advantage of the expansion of telehealth and eCommerce boom during the COVID-19 pandemic. As such, restricted movement of transportation and production activities is likely to affect the growth of the heat therapy market.
The report includes an elaborate executive summary, which provides a snapshot of various segments of the global heat therapy market. It also provides information and data analysis of the heat therapy market with regard to segments based on type, application, end user, and region.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Heat Therapy market report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
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Highlights of the Report:
In-depth analysis of various insights, namely, Newborn Screening Market trends, growth drivers, opportunities, and other related challenges.
Comprehensive details of key market players, their core competencies, and Newborn Screening Market share.
The potency of suppliers and buyers to make better business decisions.
Lists out the market size in terms of volume.
Heat Therapy Market: Regional Outlook
In terms of region, the global heat therapy market has been segmented into North America (the U.S. and Canada), Europe (the U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Each region considered in the market has been further divided into countries/sub-regions.
The heat therapy market report provides size and forecast for each region and country/sub-region from 2016 to 2030. The CAGR for each of these regions and countries has also been provided for the forecast period from 2021 to 2031. The heat therapy market study also covers the competitive scenario in these regions.
Heat Therapy Market: Key Segments
In terms of type, the global heat therapy market has been classified into OTC products and prescription-based devices. The OTC products segment dominated the global market in 2020, owing to an increase in adoption of OTC heat therapy devices in the industry.
Based on application, the global heat therapy market has been categorized into musculoskeletal disorder, sports medicine, post operative therapy, mastitis, chronic pain management, injury, and others. The musculoskeletal disorder segment dominated the global market in 2020, owing to high prevalence of musculoskeletal disorders worldwide.
In terms of end user, the global heat therapy market has been divided into hospitals, online pharmacies, retail pharmacies, ambulatory surgical centers, home care, and clinics. The home care segment is expected to expand at a high CAGR from 2021 to 2030 due to the availability of a large number of easy-to-use and more efficient OTC heat therapy devices in the industry.
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share.Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Heat Therapy Market are:
The global heat therapy market are DJO LLC, Thermo Tek Inc., Cardinal Health, CarexHealth Brands, Inc., The Mentholatum Company, Medline Industries, Inc., Halyard Worldwide, Inc., Kobayashi Pharmacuticalco., Ltd, and TrekProof.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects includingproduct type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2030 and covers subsequent region in its scope:
Global Heat Therapy Market: Segmentation
- Heat Therapy Market, by Type
- OTC Products
- Prescription-based Devices
- OTC Products
- Heat Therapy Market, by Application
- Musculoskeletal Disorder
- Sports Medicine
- Post Operative Therapy
- Chronic Pain Management
- Heat Therapy Market, by End User
- Online pharmacies
- Retail Pharmacies
- Ambulatory Surgical Centers
- Home Care
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2030 and covers following region in its scope:
- North America
- United States
- United Kingdom
- Rest of EU
- Asia Pacific
- Southeast Asia
- Rest of APAC
- Central & South America
- Rest of Central & South America
- Middle East and Africa
- Saudi Arabia
- Rest of MEA
Reasons to Purchase this Report:
– Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
– Provision of market value (USD Billion) data for each segment and sub-segment
– Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
– Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
– Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
– Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
– The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
– Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
– Provides insight into the market through Value Chain
– Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
Global Heat Therapy Market Research Report 2021 – 2030
Chapter 1Heat TherapyMarket Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Heat Therapy Market Forecast
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