“Global Heat Therapy Units Market: Growth, Outlook, and Competitive Analysis, 2018 – 2030” is the most recent market study released by Credence Research, Inc. The global heat therapy units market had revenue of about USD 1.8 billion in 2022, and it is predicted that it will increase at a CAGR of more than 5.9% from 2018 to 2030, reaching about USD 2.68 billion.
Market Overview
Heat therapy, also known as thermotherapy, is a treatment in which heat is used to reduce inflammation, relieve pain, and promote healing in the body. Heat treatment can target specific body regions or promote overall relaxation and comfort. Heat treatment employs a variety of products, including packs, wraps, pads, patches, and others, to relieve pain and improve healing. Heat therapy can help with muscle spasms, strains, sprains, chronic & post-operative pain, menstrual cramps, arthritis, and fibromyalgia. The heat therapy market share has increased as the prevalence of chronic pain has increased. As per the WHO report, in June 2022, 570 million people experienced low back discomfort, and 222 million experienced neck pain. Besides, heat therapy aids in pain reduction, improved mobility, and faster healing times following soft tissue injury and fracture. Thus, the rise in sports injuries and fractures boosts the demand for heat therapy products. According to a John Hopkins Medicine article, 30 million people participate in organized sports in the United States yearly, resulting in more than 3.5 million sports injuries. In addition, heat therapy can be utilized after surgery to reduce pain and stiffness in the muscles and joints surrounding the operative site. This is especially beneficial for people who have had orthopedic procedures or surgery involving the muscles and joints. As a result, the increased number of international surgeries drives demand for heat therapy unit products. Rising patient awareness of the risks of skin burn, edema, rashes, and inflammation, as well as increased heart rate and rheumatoid arthritis, is reducing heat therapy use and limiting market sales of heat therapy devices. Along with the high cost of heat therapy devices and the availability of a wide range of pain management alternatives, this impedes the global market growth.
Company Profile
- Zimmer MedizinSysteme GmbH
Zimmer MedizinSysteme GmbH is a German corporation that was formed in 1969. The company is a global leader in physiotherapy equipment, particularly heat therapy units, and operates in over 100 countries. Zimmer MedizinSysteme GmbH announced the December 2021 introduction of their new ThermoTK infrared therapy device, which combines deep heat and photobiomodulation therapy. The device is intended to treat musculoskeletal disorders and has user-friendly controls and configurable programs.
- DJO Global
DJO Global is a global provider of medical technologies that help individuals get and stay mobile. The company provides orthopedic implants, surgical equipment, digital health, and other medical technologies to help patients recover from musculoskeletal diseases and injuries. DJO Global was founded in 1978 and is headquartered in Vista, California. The corporation has a global presence, with operations in North America, Europe, Asia-Pacific, and Latin America. DJO Global announced the release of their latest knee implant system, the X4 Smart knee, in October 2021. This innovative knee implant system is intended to increase stability and motion control in patients having knee replacement surgery.
- Hill Laboratories
Hill Laboratories is a New Zealand-based company that performs analytical testing for various industries, including environmental, food and dairy, agricultural, and pharmaceutical. The company was established in 1984 and is based in Hamilton, New Zealand. Hill Facilities operate multiple testing facilities throughout New Zealand, and in 2019, it increased its reach by acquiring Analytica Laboratories, another New Zealand testing company. Hill Laboratories enhanced its testing capabilities and improved its market share in the country due to the acquisition.
- Fisioline
Fisioline is an Italian firm specializing in designing, manufacturing, and selling medical devices and rehabilitation equipment. The company was created in 1991 and is based in the Italian region of Padua. Electrotherapy devices, ultrasound therapy devices, laser therapy devices, magnetotherapy devices, and shockwave therapy devices are among the many products available from Fisioline. In addition to its product offerings, the company offers its clients extensive technical assistance and training.
- Accelerated Care Plus Corporation
Accelerated Care Plus (ACP) Corporation is a healthcare organization headquartered in Reno, Nevada, established in 1996. Long-term care homes, rehabilitation centers, and home health agencies can use the company’s clinical programs and treatment services to assist patients in recovering from surgery, illness, or injury. Occupational, physical, and speech therapy are among the therapeutic services ACP provides, as are specialized programs for patients with cardiac and pulmonary diseases. The company significantly emphasizes R&D and has created proprietary technologies and processes for its therapy services. Hanger Inc purchased ACP in 2018 to extend its post-acute care capabilities.
- BTL International
BTL Industries, often known as BTL International, is a medical technology firm established in the Czech Republic. The company was founded in 1993 and specializes in researching and manufacturing non-invasive devices for cardiology, physical therapy, and medical aesthetics. BTL’s solutions leverage technologies such as shockwave therapy, ultrasound, and radiofrequency to provide non-invasive treatments for various medical ailments. The company has a global footprint and operates in over 60 countries. BTL announced the release of their new Emsculpt NEO gadget in August 2021, which combines high-intensity electromagnetic therapy and radiofrequency technologies for muscle growth and fat loss.
- ASTAR
ASTAR (Agency for Science, Technology, and Research) is a Singapore-based organization focusing on scientific research and innovation to develop new technologies and produce economic value. The organization was founded in 2002 and is overseen by the Ministry of Trade and Industry. ASTAR is home to multiple research institutes and centers that focus on biomedical sciences, materials science, data science, and engineering systems. The agency has won multiple honors for scientific research and has worked with different corporations and institutions worldwide. ASTAR’s Institute of Microelectronics announced a collaboration with a US-based semiconductor business in March 2023 to create innovative computer solutions for the healthcare sector.
- Guangzhou Longest Science & Technology
Guangzhou Longest Science & Technology is a Chinese corporation working in beauty & medical equipment research, development, manufacturing, and sales. The company was founded in 2004 and is headquartered in Guangzhou, China. It has a diverse product line, including IPL machines, RF machines, laser machines, and ultrasound equipment. In November 2020, the company announced the development of Longest FIR Lamp, a new heat therapy appliance that uses far infrared photons to give deep tissue heat therapy. The business claims the medication benefits pain treatment and muscle relaxation and can be utilized for various health concerns.
- Performance Health
Performance Health is a multinational medical device firm that develops, manufactures, and markets rehabilitation, pain management, and sports medicine products. The company was established in 1980 and is based in Warrenville, Illinois, USA. With operations in North America, Europe, and Asia-Pacific, Performance Health has a strong global footprint. In January 2021, Performance Health acquired the THERAPEARL brand, a hot and cold therapy product manufacturer based in the United States. This acquisition broadened Performance Health’s product range in the heat therapy unit market, which now includes heating pads, hot and cold wraps, and moist heat therapy systems.
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