China Zhong QI Hldgs. Ltd. (CHZQ)

[traderpie]

The Global Market for Hot and Cold Therapy Packs is Forecast to Exceed US$995 Million by 2020

$BGNNs Ice Pack Sack

The Ice Pack Sack is specifically designed to provide a simple, comfortable, and effective method for applying Hot and Cold Therapy. Hot and Cold Therapy is recognized medical treatment for everyday minor injuries. It provides relief from sprains, strains and common muscle pain.

Future Growth

Hot and cold therapy packs provide care, comfort and convenience to individuals suffering from injuries or pain Cold therapy is usually used in the initial days of injury for reducing swelling, while hot therapy is subsequently given for increasing blood flow and relaxing muscles to minimize pain. The market for hot and cold therapy packs is primarily driven by the rising incidences of injuries and the fast-expanding elderly populace across the globe that are most vulnerable to pain, illness and injury. The market is also witnessing growth on the technological front. In addition to investing in advanced manufacturing technologies, market vendors are also enhancing their online promotional and marketing activities in order to increase brand equity and meet the spiraling demand of online shoppers seeking immediate pain relief.

Future growth in the market will be driven by the rising need to facilitate safe and improved care to patients with pain and injuries. The grim reality of rising occurrence of injuries as a result of increasing neurological disorders, cardiovascular conditions, and diabetes, among other chronic illnesses, is an important growth driver. Spinal cord injury patients also represent major consumers of hot and cold therapy packs. The steady shift towards home-based healthcare in the United States and Europe offers significant growth opportunities. Other important growth drivers include increasing incidence of musculoskeletal conditions such as arthritis, growing number of accidents and sports associated injuries, development of effective hot and cold therapy products providing superior care, comfort, and convenience; surging demand for herbal and reusable hot and cold packs; and untapped opportunities in the developing nations, among others.

http://strategyr.blogspot.com/2015/10/the-global-market-for-hot-and-cold.html