U.S. Hot & Cold Therapy Packs Market - Focused Insights 2023-2028

The U.S. hot and cold therapy packs market was valued at USD 230 million in 2022 and is expected to reach USD 380.75 million by 2028, growing at a CAGR of 8.73%. The shift towards value-based medicines demands the usage of advanced products in every stage of treatment to reduce re-admissions and to increase the recovery rate. Such factors increase the demand for products like hot and cold therapy packs. Furthermore, vendors are constantly introducing new products to the market. Long-lasting cold packs that can be used for multiple hours and hot and cold packs exclusively designed for people’s shape and place of injury are available. In terms of market share, a few major players are currently dominating the U.S. hot and cold therapy packs market; these include 3M, CardinalHealth, Breg, and Caldera.

An increasing number of orthopedic surgeries and sports activities are increasing the demand for hot and cold therapy packs in the market. The sale of hot and cold therapy packs has gone high through the online channels in the market. Complete joint replacement is one of the most commonly performed surgeries in the United States. Post-surgery usage of hot and cold therapy packs during the recovery times has increased in the use of hot and cold therapy packs in the market. This report provides an in-depth analysis of the complete U.S. hot and cold therapy packs market and gives exhaustive information regarding the adoption of hot and cold therapy packs in the market.

Market Definition

Hot therapy packs are a combination of chemicals that can be heated, providing moist heat placed in an injured area to relax tight muscles and decrease pain or muscle spasms. The pack is available in the form of instant hot packs or hot wraps. On the other hand, cold Packs are filled with water and chemicals that provide a cooling effect when frozen and can be used on the skin for pain relief and other applications. The cold pack is available in cooling gels, cooling pads, and cooling packs.

KEY HIGHLIGHTS:

• In 2021, the number of knee replacement surgeries performed per year was 800,000, and the number is increasing yearly. Such factors increase the demand for hot and cold therapy packs during recovery.
• The number of people participating in athletic activities alone is more than 8 million. The cold pack is widely used among athletic people in the U.S. during sports activity.
• The gel packs product is projected to witness the fastest growth in the U.S. hot and cold therapy packs market during the forecast period. Gel packs are the ones that are available for emergencies and frequent use. One unique feature of gel bags is that it absorbs a large amount of heat before it warms. Moreover, gel packs can be used multiple times. This factor attracts healthcare settings, as people use more gels than ice packs, increasing the demand for gel-based products.
• The dry & moist cold/hot pack product segment has found its high usage in healthcare settings. These healthcare settings store cold packs in the refrigerators and use them when needed.
• Long-term, palliative, and home care centers have large volumes of patients suffering from various orthopedic chronic pains. There is a huge demand for cold and hot packs in these settings to provide patients with cold and hot therapy packs.
• The post-injury management application segment dominated the U.S. hot and cold therapy packs market in 2022. With the rising number of people suffering from injuries in the region, it is projected to increase the usage of cold and hot therapy products in the market.
• The online distribution channel is projected to witness the fastest growth rate in the U.S. hot and cold therapy packs market. Factors such as online e-commerce channels selling products at higher discounted rates and eliminating the middlemen propel the growth of the segment. For instance, companies like Cardinal Health sell their products through their own website.