Global Market Research Survey on Heat Therapy
Healtcareresearch30 Nov, 2021Health
According to the report, the global heat therapy market was valued at US$ 1.1 Bn in 2020. It is projected to expand at a CAGR of ~4% from 2021 to 2031. North America held a major share of the global heat therapy market in 2020, due to high prevalence of musculoskeletal disorders and rise in geriatric population in the region. According to the Population Reference Bureau, geriatric population in the U.S. is projected to nearly double from 52 million in 2018 to 95 million by 2060. The heat therapy market in Asia Pacific is expected to expand at a high CAGR of 5.2% from 2021 to 2031 due to an increase in healthcare expenditure in the region.
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