Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Posture Correctors market. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2018, and key prospects over the forecast period 2022 – 2028.
Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Posture Correctors market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Posture Correctors market.
After reading the Posture Correctors market report, readers get insight into:
- Major drivers and restraining factors, opportunities and challenges, and the competitive landscape
- New, promising avenues in key regions
- New revenue streams for all players in emerging markets
- Focus and changing role of various regulatory agencies in bolstering new opportunities in various regions
- Demand and uptake patterns in key industries of the Posture Correctors market
- New research and development projects in new technologies in key regional markets
- Changing revenue share and size of key product segments during the forecast period
- Technologies and business models with disruptive potential
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The Posture Correctors market report offers assessment of prevailing opportunities in various regions and evaluates their shares of revenue by the end of different years of the assessment period. Key regions covered comprise:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics, Eastern Europe, Rest of Europe)
- East Asia (Japan, China, South Korea)
- South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
- Oceania (Australia, New Zealand)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel, Rest of MEA)
The evaluation of the competitive landscape in the Posture Correctors market covers the profile of the following top players:
VIBO Care, Upright Go, Lucky Clover, BackJoy, BodyRite, MARAKYM, I&YBUY, eDila, Hexaforms, FUYERLI and Restore Health Solutions are few of the most famous brands in the posture correctors market.
Demand Shift from Traditional Drugs to Posture Correctors
The demand for traditional drug treatment has been ever growing and was expected to rise to $23 million in 2018 according to a report from medical research firm WWMR published in 2015. Although the market growth has been slow in United States, it has shown promising rise in Asian countries, especially in Japan. People from Japan are known to concentrate on health and thus, invest more time and money in healthcare than most countries.
The success of posture correctors is directly related to the awareness and importance of healthcare among the people. Therefore, Asian markets for posture correctors is likely to register impressive growth as compared to American Market.
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Key Driving Factors for Posture Correctors Market
Globally, majority of the working population have a desk job, which is a leading factor for back pain and the cause for the rising use of posture correctors. More and more people have complaints of regular back pain because of long working hours in the seating position. Prolonged working hours in the office is the major reason for back pain, which has ultimately given rise to the demand for posture correctors in the market.
Rapid growth in the usage of technology by youth for playing video games or surfing the internet has also give rise to early back pain among the youth. Thus, several parents are also considering the use of posture correctors for their children.
The global Posture Correctors market report offers detailed assessments and quantitative evaluations that shed light on numerous key aspects that have shaped its evolution over the historical period. In coming years, some of the key aspects that will shape the growth prospects during the forecast period are objectively covered in the study.
Some important questions that the Posture Correctors market report tries to answer exhaustively are:
- Key strategic moves by various players in the Posture Correctors market in recent years with respect to product launches, deals and tie-ups, and mergers and acquisitions, and divestment of shares.
- Which strategies will enable top players in the Posture Correctors market to expand their geographic footprints?
- Which new business models are expected to change the course of growth of key regional markets in near future?
- Which technologies will witness most attractive research investments and what will be the key sources of funding for startups and new entrants?
- Which products segments have in recent years have seen new, lucrative application areas?
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