Global Cold Packs Market By Overview
Cold Packs Market was valued at US$ 2 Billion in 2024 and is projected to grow at a CAGR of 5.80% to reach US$ 3.4 Billion by 2034.
A cold pack is a plastic bag filled with water, liquid or refrigerant gel. The contents of ice packs are frozen into freezer to cool the temperature down of a human body as well as to keep food cool. There is a liquid inside the cold pack which is water. The cold pack absorbs heat.
Cold packs are mostly utilized to cure the injuries or wounds of individuals occurring in a sports activity or any other activity. For instance, according to a data published by Stanford Children’s Health Organization in 2019, more than 3.5 million children are injured each year in the US in an organized sport activity. However, if the cold packs are left for too long on the injury, it may reduce the blood flow to the injured area and slow the healing process which is the major restraining factor for the target market growth. Nevertheless, increase in the number of injuries is anticipated to create growth opportunities for the target market.
This market is expected to witness significant growth during the forecast period on account of increasing geriatric population vulnerable to chronic illnesses. In addition, increase in global trauma and accident cases, steep growth in chronic musculoskeletal disorders, and rise in inclination for non-invasive pain management approaches is expected to show significant growth over the forecast period. The Cold Packs Market was valued at approximately US$ 2 Billion in 2024 and is expected to generate around US$ 3.4 Billion by 2034, at a CAGR of around 5.80% between 2024 and 2034.
North America to grow at the highest CAGR during the forecast period
North America dominates the global market for cold packs in terms of value, owing to advancement in sports medicine practices and sports activities, increase in ageing among population and spinal cord injuries. Countries like China and India are witnessing an increase in demand cold packs due to rising awareness for non-surgical pain and injury management solutions and a substantial population base.
The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.
In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.
The global cold packs market report segments the market on the basis of product, application, distribution channel, and region.
The report expected to answer various target market related questions and offers insights on:
Definition, description, overview of market growth influencing factors, and forecast for the target market
Scope for related market in the forecast period
Analysis and outcome for the global cold packs market by segment and region followed by countries
Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economical factors that may influence market growth
PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index
Competitive Analysis
Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global cold packs market.
- 3M Co.
- Cardinal Health, Inc.
- Breg, Inc.
- Carex Health Brands, Inc.
- Medtronics Plc
- Pfizer Incorporation
- Mentholatum Company
- Medline Industries, Inc.
- Kobayashi Pharmaceutical Co. Ltd.
- Halyards Health, Inc.
Prophecy Market Insights offers required customization on this report according to specific business requirements.
FAQs
The Cold Packs Market is segmented into Fabric Type, Fiber Type, Application, and Region
Various factors, including the increasing incidence of sports injuries and musculoskeletal disorders, the growing demand for convenient and effective pain relief solutions, and advancements in cold pack technology, are driving the growth of the Cold Packs Market.
The Cold Packs Market faces challenges such as the limited duration of therapeutic cold application, competition from alternative pain relief methods, and concerns related to environmental impact and waste management of disposable cold packs, which act as restraints on its global expansion.
By region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific region is estimated to witness a significantly high revenue share over the forecast period, indicating its dominance in the Cold Packs Market.
The key players operating in the target market include 3M Co., Cardinal Health, Inc., Breg, Inc., Carex Health Brands, Inc., Medtronic Plc, Pfizer Incorporation, Mentholatum Company, Medline Industries, Inc., Kobayashi Pharmaceutical Co. Ltd., and Halyard Health, Inc.