Back Therapy Kits Market: Drivers and Restraints
The rising prevalence of lower back is the primary factor driving the growth of back therapy kits market over the forecast period. The prevalence of lower back is rising exponentially due change in lifestyle of people which is ultimately responsible for the growth of back therapy kits market over the next decade. Also, the attention of the majority of people toward their personal health increases and not doing exercise on a daily basis has also increased the chances of lower back pain, resulting in the rising demand of back therapy kits.
The increasing number of injuries to sportspersons and rising adoption of back therapy kits at a rehabilitation center also fueling the growth of back therapy kits market. The high cost of back therapy kits which could not be afforded by the majority of people in the under developing economies may deter the growth of the back therapy kits market to some extent. Also, the lack of awareness among the people about the positive results of back therapy kits may also hamper the growth of back therapy kits market.
Back Therapy Kits Market: Market Overview
The change in lifestyle which increases the incidences of lower back pain is responsible for the exponential growth of back therapy kits market over the forecast period. Lower back pain has become common health problem throughout the globe which is the major cause of disability and affecting the day today life of people. According to the World Health Organization, the prevalence of back pain range between 15-45% in the adult population worldwide. World Health Organization also estimates that the incidence of lower back pain is very much higher in population between the ages between 25-55. By product type, strapped back therapy kits is expected to gain major market share in back therapy kits market due to its high acceptability in the market. Strapless back therapy kits are the advance version of back therapy kits, hence it expected to gain more traction in the market over the forecast period. Among all end user back therapy kits are most widely used homecare settings which is then followed by rehabilitation centers.
Back Therapy Kits Market: Regional Overview
On the basis of geography, Back Therapy Kits market is classified into eight key regions viz. North America, Latin America, Europe, APECJ, China, Japan, Middle East and Africa. North America is expected to dominate the global Back Therapy Kits market due to high healthcare spending in U.S. and Canada. After North America Back Therapy Kits market is then followed by Europe due to rising incidences of back pain in this region. APEC and China is the fastest growing region for global Back Therapy Kits market owing to the huge geriatric population this region. Middle East and Africa and Latin America region is expected to show delayed growth for Back Therapy Kits market due to lack of awareness among the people about the advance therapies for available in the market for pain management.
Back Therapy Kits Market: Key Players
Some of the key players found across the value chain of Back Therapy Kits market are Sanofi S.A., Bayer AG, Hocomo, Polar Products Inc., Tynor, Brooks Life Sciences, Alliance Spine, Amedica, Captiva Spine, Globus Medical and others.
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The report covers exhaust analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific excluding China & Japan (India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, South. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The global back therapy kits market is classified on the basis of product type, end user, and region.
Based on product type back therapy kits market is segmented into following:
- Strapped back therapy kits
- Strapless back therapy kits
Based on connectivity back therapy kits market is segmented into following
- Wired back therapy kits
- Battery operated back therapy kits
Based on end user back therapy kits market is segmented into following:
- Orthopedic Clinics
- Rehabilitation Centers
- Long Term Care Centers
- Homecare Settings
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- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
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- Must-have information for market players to sustain and enhance their market footprint