Heating Pad Market Updates by 2031
A heating pad is a type of pad that is commonly used to treat pain by heating certain areas of the body, such as the back and neck. Heat therapy is commonly used to relieve pain and long-term pains. The usage of heating pads improves the passage of oxygen and nutrients to the muscle, which aids in muscle rehabilitation. The widespread use of heating pads to relieve stiffness and restore flexibility, as well as increased public knowledge of the product, are driving market expansion.
MARKET DYNAMICS
One of the primary factors driving the growth of the heating pad market is the rise in demand for pain management in home care settings around the world. The market is also influenced by the rising frequency of chronic diseases such as arthritis and a variety of neurological disorders, as well as an increase in the number of sports injuries. Furthermore, a growth in disposable income, smart marketing operations, a shift in consumer preferences, rising urbanisation, and a high need for homecare equipment all benefit the heating pad industry.
MARKET SCOPE
The "Global Heating Pad Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the heating pad market with detailed market segmentation by type and distribution channel. The global heating pad market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading heating pad market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The heating pad market is segmented into type, and distribution channel. By type, the heating pad market is bifurcated into microwavable heating pads, electric heating pads and others. By distribution channel, the heating pad market is bifurcated into supermarkets & hypermarkets, specialty stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the heating pad market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The heating pad market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the heating pad market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the heating pad market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the heating pad market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The heating pad market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the heating pad market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the heating pad market in these regions.
MARKET PLAYERS
The report covers vital developments in the heating pad market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the heating pad market are anticipated to lucrative growth opportunities in the future with the rising demand for heating pad in the global market. Below mentioned is the list of few companies engaged in the heating pad market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the heating pad market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- Conair LLC
- Nature Creation
- Sunbeam
- Dongguan Yongqi Electric Heat Products
- Thermalon
- Carex
- Dongguan Yu Xin Electronic
- Chattanooga Medical Supply, Inc.
- Beurer India Pvt. Ltd.
- Walgreen Co.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Heating Pad Market - By Type
1.3.2 Heating Pad Market - By Distribution Channel
1.3.3 Heating Pad Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HEATING PAD MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HEATING PAD MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HEATING PAD MARKET - GLOBAL MARKET ANALYSIS
6.1. HEATING PAD - GLOBAL MARKET OVERVIEW
6.2. HEATING PAD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. HEATING PAD MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. MICROWAVABLE HEATING PADS
7.3.1. Overview
7.3.2. Microwavable Heating Pads Market Forecast and Analysis
7.4. ELECTRIC HEATING PADS
7.4.1. Overview
7.4.2. Electric Heating Pads Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. HEATING PAD MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. HEATING PAD MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Heating Pad Market Overview
9.1.2 North America Heating Pad Market Forecasts and Analysis
9.1.3 North America Heating Pad Market Forecasts and Analysis - By Type
9.1.4 North America Heating Pad Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Heating Pad Market Forecasts and Analysis - By Countries
9.1.5.1 United States Heating Pad Market
9.1.5.1.1 United States Heating Pad Market by Type
9.1.5.1.2 United States Heating Pad Market by Distribution Channel
9.1.5.2 Canada Heating Pad Market
9.1.5.2.1 Canada Heating Pad Market by Type
9.1.5.2.2 Canada Heating Pad Market by Distribution Channel
9.1.5.3 Mexico Heating Pad Market
9.1.5.3.1 Mexico Heating Pad Market by Type
9.1.5.3.2 Mexico Heating Pad Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Heating Pad Market Overview
9.2.2 Europe Heating Pad Market Forecasts and Analysis
9.2.3 Europe Heating Pad Market Forecasts and Analysis - By Type
9.2.4 Europe Heating Pad Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Heating Pad Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Heating Pad Market
9.2.5.1.1 Germany Heating Pad Market by Type
9.2.5.1.2 Germany Heating Pad Market by Distribution Channel
9.2.5.2 France Heating Pad Market
9.2.5.2.1 France Heating Pad Market by Type
9.2.5.2.2 France Heating Pad Market by Distribution Channel
9.2.5.3 Italy Heating Pad Market
9.2.5.3.1 Italy Heating Pad Market by Type
9.2.5.3.2 Italy Heating Pad Market by Distribution Channel
9.2.5.4 United Kingdom Heating Pad Market
9.2.5.4.1 United Kingdom Heating Pad Market by Type
9.2.5.4.2 United Kingdom Heating Pad Market by Distribution Channel
9.2.5.5 Russia Heating Pad Market
9.2.5.5.1 Russia Heating Pad Market by Type
9.2.5.5.2 Russia Heating Pad Market by Distribution Channel
9.2.5.6 Rest of Europe Heating Pad Market
9.2.5.6.1 Rest of Europe Heating Pad Market by Type
9.2.5.6.2 Rest of Europe Heating Pad Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Heating Pad Market Overview
9.3.2 Asia-Pacific Heating Pad Market Forecasts and Analysis
9.3.3 Asia-Pacific Heating Pad Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Heating Pad Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Heating Pad Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Heating Pad Market
9.3.5.1.1 Australia Heating Pad Market by Type
9.3.5.1.2 Australia Heating Pad Market by Distribution Channel
9.3.5.2 China Heating Pad Market
9.3.5.2.1 China Heating Pad Market by Type
9.3.5.2.2 China Heating Pad Market by Distribution Channel
9.3.5.3 India Heating Pad Market
9.3.5.3.1 India Heating Pad Market by Type
9.3.5.3.2 India Heating Pad Market by Distribution Channel
9.3.5.4 Japan Heating Pad Market
9.3.5.4.1 Japan Heating Pad Market by Type
9.3.5.4.2 Japan Heating Pad Market by Distribution Channel
9.3.5.5 South Korea Heating Pad Market
9.3.5.5.1 South Korea Heating Pad Market by Type
9.3.5.5.2 South Korea Heating Pad Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Heating Pad Market
9.3.5.6.1 Rest of Asia-Pacific Heating Pad Market by Type
9.3.5.6.2 Rest of Asia-Pacific Heating Pad Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Heating Pad Market Overview
9.4.2 Middle East and Africa Heating Pad Market Forecasts and Analysis
9.4.3 Middle East and Africa Heating Pad Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Heating Pad Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Heating Pad Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Heating Pad Market
9.4.5.1.1 South Africa Heating Pad Market by Type
9.4.5.1.2 South Africa Heating Pad Market by Distribution Channel
9.4.5.2 Saudi Arabia Heating Pad Market
9.4.5.2.1 Saudi Arabia Heating Pad Market by Type
9.4.5.2.2 Saudi Arabia Heating Pad Market by Distribution Channel
9.4.5.3 U.A.E Heating Pad Market
9.4.5.3.1 U.A.E Heating Pad Market by Type
9.4.5.3.2 U.A.E Heating Pad Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Heating Pad Market
9.4.5.4.1 Rest of Middle East and Africa Heating Pad Market by Type
9.4.5.4.2 Rest of Middle East and Africa Heating Pad Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Heating Pad Market Overview
9.5.2 South and Central America Heating Pad Market Forecasts and Analysis
9.5.3 South and Central America Heating Pad Market Forecasts and Analysis - By Type
9.5.4 South and Central America Heating Pad Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Heating Pad Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Heating Pad Market
9.5.5.1.1 Brazil Heating Pad Market by Type
9.5.5.1.2 Brazil Heating Pad Market by Distribution Channel
9.5.5.2 Argentina Heating Pad Market
9.5.5.2.1 Argentina Heating Pad Market by Type
9.5.5.2.2 Argentina Heating Pad Market by Distribution Channel
9.5.5.3 Rest of South and Central America Heating Pad Market
9.5.5.3.1 Rest of South and Central America Heating Pad Market by Type
9.5.5.3.2 Rest of South and Central America Heating Pad Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HEATING PAD MARKET, KEY COMPANY PROFILES
11.1. CONAIR LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. NATURE CREATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SUNBEAM
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DONGGUAN YONGQI ELECTRIC HEAT PRODUCTS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. THERMALON
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. CAREX
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. DONGGUAN YU XIN ELECTRONIC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. CHATTANOOGA MEDICAL SUPPLY, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. BEURER INDIA PVT LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WALGREEN CO.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Conair LLC
2.Nature Creation
3.Sunbeam
4.Dongguan Yongqi Electric Heat Products
5.Thermalon
6.Carex
7.Dongguan Yu Xin Electronic
8.Chattanooga Medical Supply, Inc.
9.Beurer India Pvt Ltd
10.Walgreen Co.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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