Kelvin Medical Inc (KVMD)

[solong]

Global market for Hot and Cold Therapy Packs is projected to reach US$1.3 Billion by 2024, driven by the elderly who are most vulnerable to pain and injury, and the ongoing shift in medical care towards non-hospital settings.

The market is also poised to benefit from the growing economic and social burden of workday injuries and musculoskeletal pain. Poor posture, repetitive movements and prolonged immobilization are key factors responsible for the rising incidence of musculoskeletal disorders and pain. Among the aging population, pain caused by chronic rheumatic conditions such as rheumatoid arthritis, osteoarthritis, osteoporosis, spinal disorders and severe limb trauma, is driving demand for drug free pain management therapies like hot and cold therapy packs.