PUBLISHER: Allied Market Research | PRODUCT CODE: 1298239
PUBLISHER: Allied Market Research | PRODUCT CODE: 1298239
The Heat Therapy Market valued for $1,422.80 million in 2021 and is estimated to reach $2,430.20 million by 2031, exhibiting a CAGR of 5.7% from 2022 to 2031. Heat therapy, also known as thermotherapy, is a type of treatment that involves the use of heat to relieve pain and promote healing. In this therapy, hot packs, wraps, heating pads, or warmers are utilized to increase blood flow and relax muscles & tissues. This helps to alleviate pain, stiffness, and tension in the affected area. Moreover, heat therapy promotes the healing of damaged tissues by increasing the supply of oxygen and nutrients to the area. It is often used to treat muscle & joint pain, arthritis, menstrual cramps, and other types of pain & discomfort. It is generally considered safe and can be used in combination with other treatments such as medication, physical therapy, and massage therapy.
Major factors that drive the growth of the global heat therapy market include rapid technological advancements in heat therapy devices, rise in prevalence of musculoskeletal disorders such as arthritis, muscle strain, and back pain, as well as increase in awareness regarding the potential benefits of heat therapy. For instance, according to the National Centre for Biotechnology Information (NCBI), in 2020, about 1.5 million people in the U.S. were living with rheumatoid arthritis. As per the same source, in 2022, 294,000 children in the U.S. were suffering from juvenile idiopathic arthritis. By 2025, 67 million Americans are expected to be diagnosed with arthritis. Furthermore, many patients prefer non-invasive treatments over surgery and other invasive procedures, and heat therapy offers a safe and effective alternative. Thus, an increase in preference for noninvasive treatments and rise in adoption of heat therapy are expected to drive the growth of the market.
However, potential side effects & health risks associated with heat therapy are expected to hamper the heat therapy market growth. In addition, limited clinical evidence to support effectiveness of heat therapy in treating various medical conditions restrains the growth of the market. On the contrary, surge in healthcare expenditure and unmet medical demands in developing countries are expected to create immense opportunities for the expansion of the global market in the future.
The heat therapy market is segmented into type, application, end user, and region. On the basis of type, the market is classified into over the counter (OTC) devices and prescription-based devices. The OTC segment is further divided into packs, pads, wraps, patches, and others (belt, mask, warmers, pillow, ball, transport mattress, and spray). The prescription-based devices segment is subsegmented into heating units and others. Depending on application, the market is classified into musculoskeletal disorder, chronic and post-operative pain management, injury, and others. By end user, it is segregated into hospitals, physiotherapy centers, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major players profiled in the report are: Enovis Corporation (DJO, LLC), Dhama Innovations Pvt. Ltd., Medline Industries, LP, Cardinal Health, Compass Health Brands (Carex Health Brands, Inc.), Owens and Minor (Halyard Worldwide, Inc.), Kobayashi Pharmaceutical Co., Ltd., ROHTO Pharmaceutical Co., Ltd. (Mentholatum Company Ltd), Thermo Tek Inc., and TrekProof.