Heat Therapy Market Size, Share, Forecast Report 2021-2030

The global Heat Therapy market gathered revenue around USD 1.2 Billion in 2020 and market is set to grow USD 1.4 Billion by the end of 2030. The global Heat Therapy market is estimated to expand at a modest CAGR of 3.9% during the prediction period 2021 to 2030. 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.

The overview section of the report provides a detailed qualitative analysis of drivers, restraints, and opportunities that impact the global heat therapy market.The report includes company profiles, which provide information about their business, product portfolios, and competitive landscape in the global heat therapy market

This research report purposes at stressing the most lucrative growth prospects.The aim of the research report is to provide an inclusive valuation of the Heat Therapy market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Heat Therapy market reportaids in comprehendingmarket structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-downimpact 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 dissimilaracross various industry verticals. The research reportofferspresent 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-lastingtactics for recovery and by region.

Heat Therapy market report empower 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 accomplish 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.

Competitive Rivalry

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
• Packs
• Pads
• Wraps
• Others
• Prescription-based Devices
• Heat Therapy Market, by Application
• Musculoskeletal Disorder
• Sports Medicine
• Post Operative Therapy
• Mastitis
• Chronic Pain Management
• Injury
• Others
• Heat Therapy Market, by End User
• Hospitals
• Online pharmacies
• Retail Pharmacies
• Ambulatory Surgical Centers
• Home Care
• Clinics

By Regional Outlook

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• Italy
• France
• Rest of EU

Asia Pacific

• China
• India
• Japan
• Southeast Asia
• Rest of APAC

Central & South America

• Brazil
• Argentina
• Rest of Central & South America

Middle East and Africa

• GCC
• North Africa
• South Africa