Global Heating Pads Market is valued approximately USD $ billion in 2020 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2021-2027. Heating Pads are pads which are used to warm body parts in order to relieve pain. Heating pads uses chemical, water, and coil as heating substance. Growing prevalence of chronic disease due to lack of physical activity and rising sector are key drivers for the growth of Heating Pads market. For instance, according to The World Health Organization (WHO) physical inactivity is the fourth leading risk factor accounting for 6% of global mortality, following hypertension (13%), smoking (9%) and diabetes (6%). Also, as per Centers for Disease Control and Prevention (National public health agency of the United States) – as of 2020 healthcare costs associated with physical inactivity account for more than 11% of total health care expenditures in USA and are anticipated at USD 117 billion yearly.
According to The European Heart Network, and WHO European Office- As of 2020 Physical inactivity increases the risk of cardiovascular diseases by more than 20% and as of 2020, cardiovascular diseases cause 3.9 million deaths in Europe and over 1.8 million deaths in the European Union. Also, with the growing trend of sedentary lifestyle and surging medical tourism in emerging markets, the adoption & demand for Heating Pads is likely to increase the market growth during the forecast period. However, limited usability of heating pads (as it cannot be used during pregnancy) impedes the growth of the market over the forecast period of 2021-2027.
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The key regions considered for the global Heating Pads market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing prevalence of chronic diseases in the region. Whereas Europe is anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as growing prevalence of chronic pain due to sedentary lifestyle, growing aging population would create lucrative growth prospects for the Heating Pads market across Europe region.
Major market player included in this report are:
Sunbeam
Carex
Thermalon
Milliard
Nature Creation
Beurer
Drive Medical
Kaz
Walgreens
Beady Heat Therapy
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Microwavable Heating Pads
Electric Heating Pads
Chemical Heating Pads
By Application:
Home Use
Medical Use
Commercial Use
Other Use
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By End Use Industries:
Homecare
Diagnostic Centres
Hospitals
Clinics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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