The Heating Pad Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Heating Pad Global Market Report 2024, The heating pads market size has grown strongly in recent years. It will grow from $53.37 billion in 2023 to $57.65 billion in 2024 at a compound annual growth rate (CAGR) of 8%. The growth in the historic period can be attributed to increase awareness of health and wellness encourages, improving healthcare infrastructure, rising awareness of pet health, growing popularity of aromatherapy, and growing use of heating pads in physical therapy.
The heating pads market size is expected to see strong growth in the next few years. It will grow to $78.82 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to focus on non-invasive pain relief, inclusion of heating pads in corporate wellness programs, increased focus on ergonomic designs, development of new heating elements, and supportive government initiatives. Major trends in the forecast period include portable, battery-operated heating pads, enhance safety features, development of wearable heating pads, and heating pads with wireless capabilities and remote controls.
The increasing incidence of sports injuries is expected to propel the growth of the heating pad market going forward. Sports injuries are injuries that occur during athletic activities, exercise, or sports. Sports injuries occur due to overuse, improper technique, insufficient warm-up or stretching, and collisions with other players or objects. Heating pads help relieve sports injuries by increasing blood flow to the affected area, reducing muscle stiffness, alleviating pain, and promoting faster tissue and muscle healing. For instance, in June 2024, according to the National Safety Council, a US-based non-profit organization, after reaching a record low in reported sports and recreational injuries in 2020, there was a 20% increase in injuries in 2021, followed by another 12% increase in 2022. Therefore, the increasing incidence of sports injuries is driving the growth of the heating pad market.
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The heating pad market covered in this report is segmented –
1) By Product: Microwavable, Water, Electric, Chemical, Infrared, Other Products
2) By Distribution Channel: Direct, Indirect
3) By End User: Hospital, Clinics, Diagnostic Centers, Homecare, Other End-Users
Major companies operating in the heating pad market are focusing on introducing orthopedic heating pads with thermostatic temperature controllers to provide a safe and soothing solution for pain relief. An orthopedic heating pad is a device designed to relieve pain and discomfort in specific body areas and is commonly used for conditions such as arthritis and muscle strains. For instance, in July 2023, Medtech Life, an India-based medical equipment manufacturing company, launched Medtech Handypad hp-01. The Handypad HP-01 is an orthopedic heating pad designed for modern, safe, and convenient heat therapy, featuring thermostatic temperature control, dual safety thermostats, and three adjustable heating levels. It is lined with velvet fabric for premium comfort and is foldable for easy travel use.
The heating pad market report table of contents includes:
1. Executive Summary
2. Heating Pad Market Characteristics
3. Heating Pad Market Trends And Strategies
4. Heating Pad Market – Macro Economic Scenario
5. Global Heating Pad Market Size and Growth
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32. Global Heating Pad Market Competitive Benchmarking
33. Global Heating Pad Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Heating Pad Market
35. Heating Pad Market Future Outlook and Potential Analysis
36. Appendix
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