The purpose of the report is to illustrate the state of the market of Reusable Icepacks, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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The global reusable icepacks accounted for US$ 1381.7 Mn in 2017 growing with a CAGR of 8.1% during the forecast period from 2018 to 2026. Reusable ice pack has become a vital part of hot and cold therapy as a proven method to reduce pain and swellings significantly when compared to other treatments such as balms and ointments, among others. Cold pack treatment does not involve the use of invasive treatment and is completely non-addictive therapy for joint pain and muscle relaxant. These cold pack aids in decreasing the blood flow towards affected body part thus, effectively decreasing soreness and inflammation. Similarly, hot packs are used extensively for pain relief treatments as heated pack promotes blood circulation. Increased blood circulation helps in easing up the pain and stiffness in muscles, tendons, and ligaments. Icepack manufacturers have been carrying out research to ensure optimum design and functionality of reusable ice packs that can provide maximum comfort. Advancement in medical technology and introduction of new chemical formulation has significantly boosted the ability of reusable ice packs in order to retain their temperature for longer duration. This has encouraged consumers to upgrade from homemade ice packs and conventional ice packs towards reusable ice packs.
Key market players in the global reusable icepacks market include King Brand Healthcare Products, Techniice USA, Lloyds Pharmacy Limited, Cardinal Health, S.E.A. Olympus Marketing Inc, 3M Company and Microban Products Company.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Reusable Icepacks buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Reusable Icepacks contains:
Analysis and forecast of Reusable Icepacks market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Reusable Icepacks market;
Assessment and forecast of Reusable Icepacks market development;
Financial and business profiles of the leading companies in the Reusable Icepacks industry.
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– Up to date working Reusable Icepacks data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Reusable Icepacks for the period 2018 to 2026
– Planned Reusable Icepacks additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Reusable Icepacks projects by region, key countries, and companies
– Details of major planned Reusable Icepacks projects in the world up to 2026
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