Market Overview:
The global spinal decompression devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of spine disorders, growing awareness about spinal decompression therapy, and technological advancements in spinal decompression devices. The global spinal decompression devices market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into electric adjustment and manual adjustment. Electric adjustment held a larger share of the global spinal decompression devices market in 2017 owing to its features such as ease-of-use and accuracy. On the basis of application, hospital held a larger share of the global spinal decompression devices market in 2017 owing to rising number of spine surgeries being performed in hospitals globally.
Product Definition:
Spinal decompression devices are used to treat herniated discs, spinal stenosis, and other conditions that cause back pain. The devices work by gently stretching the spine, which relieves pressure on the discs and nerves.
Electric Adjustment:
Electric adjustment is a process of manually adjusting the electric spinal decompression devices to achieve desired outcomes in patients suffering from back pain. The technique involves using small hand-held electronic device called an electrode switch which creates mild electrical current and sends it into the patient’s back for relieving pain.
Advantages of this technique are that it does not require any surgery, can be used by both doctors.
Manual Adjustment:
Manual adjustment is a process of adjusting the decompression valve in spinal decompression devices. It helps to maintain or restore vertebral height during spinal surgeries.
Advantages of manual adjustment over automated systems: Advantages of manual adjust- ment over an automated system include less injury to the tissues, easy access for real-time monitoring, and low risk for operator and patient alike (0% chance).
Application Insights:
The hospital application segment dominated the global spinal decompression devices market in 2017. The rising prevalence of various orthopedic conditions, such as herniated disc, stenosis and radiculopathy, is expected to drive the demand for spinal decompression therapy in hospitals across the world. In addition, an increasing number of hospitals focusing on providing excellent patient care is anticipated to further boost industry growth over the forecast period.
Clinic applications accounted for a significant share of 20% in 2017 owing to growing awareness about early diagnosis and treatment procedures related to back pain disorders. Furthermore, increasing availability of advanced healthcare facilities along with rising disposable income levels among consumers are expected to propel industry growth over the forecast period.
Other applications include homecare settings and clinics that provide primary healthcare services at affordable costs coupled with high accessibility are anticipated drive industry expansion over the next eight years especially across developing countries like India.
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in the number of patients suffering from lower back pain. According to American Chiropractic Association, approximately 50% of adults and about 80% of teenagers and children suffer from some form of low back pain in North America every year. The region is expected to witness a CAGR close to 5.0% during the forecast period due to increasing cases spinal surgeries, rising awareness among people for early diagnosis, availability & accessibility of healthcare services & products as well as favorable reimbursement policies by insurance providers.
Asia Pacific is expected witness fastest growth over the forecast period with a CAGR close 11.5%.
Growth Factors:
- Increasing incidence of spinal cord injuries and back pain
- Growing demand for minimally invasive surgeries
- Rising awareness about the benefits of spinal decompression therapy
- Technological advancements in spinal decompression devices
- Growing number of spine surgeons
Scope Of The Report
Report Attributes
Report Details
Report Title
Spinal Decompression Devices Market Research Report
By Type
Electric Adjustment, Manual Adjustment
By Application
Hospital, Clinic, Others
By Companies
HillDT Solutions, PHS Chiropractic, Chattanooga, SEERS MEDICAL, GBO, Fisiotech, BTL International, Chinesport, OG Wellness Technologies, Fizyomed Tıbbi Cihazlar, Bıçakcılar, MINATO Medical Science, SpineMED, Nuovalaris
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Spinal Decompression Devices Market Report Segments:
The global Spinal Decompression Devices market is segmented on the basis of:
Types
Electric Adjustment, Manual Adjustment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HillDT Solutions
- PHS Chiropractic
- Chattanooga
- SEERS MEDICAL
- GBO
- Fisiotech
- BTL International
- Chinesport
- OG Wellness Technologies
- Fizyomed Tıbbi Cihazlar
- Bıçakcılar
- MINATO Medical Science
- SpineMED
- Nuovalaris
Highlights of The Spinal Decompression Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Adjustment
- Manual Adjustment
- By Application:
- Hospital
- Clinic
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spinal Decompression Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Spinal decompression devices are medical devices that help relieve pressure on the spinal cord. They work by reducing the amount of pressure on the spinal cord, which can help to improve nerve function and reduce pain.
Some of the major companies in the spinal decompression devices market are HillDT Solutions, PHS Chiropractic, Chattanooga, SEERS MEDICAL, GBO, Fisiotech, BTL International, Chinesport, OG Wellness Technologies, Fizyomed Tıbbi Cihazlar, Bı§akcılar, MINATO Medical Science, SpineMED, Nuovalaris.
The spinal decompression devices market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spinal Decompression Devices Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Spinal Decompression Devices Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Spinal Decompression Devices Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Spinal Decompression Devices Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Spinal Decompression Devices Market Size & Forecast, 2020-2028 4.5.1 Spinal Decompression Devices Market Size and Y-o-Y Growth 4.5.2 Spinal Decompression Devices Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electric Adjustment
5.2.2 Manual Adjustment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spinal Decompression Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Spinal Decompression Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electric Adjustment
9.6.2 Manual Adjustment
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electric Adjustment
10.6.2 Manual Adjustment
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electric Adjustment
11.6.2 Manual Adjustment
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electric Adjustment
12.6.2 Manual Adjustment
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electric Adjustment
13.6.2 Manual Adjustment
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Spinal Decompression Devices Market: Competitive Dashboard
14.2 Global Spinal Decompression Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HillDT Solutions
14.3.2 PHS Chiropractic
14.3.3 Chattanooga
14.3.4 SEERS MEDICAL
14.3.5 GBO
14.3.6 Fisiotech
14.3.7 BTL International
14.3.8 Chinesport
14.3.9 OG Wellness Technologies
14.3.10 Fizyomed Tıbbi Cihazlar
14.3.11 Bıçakcılar
14.3.12 MINATO Medical Science
14.3.13 SpineMED
14.3.14 Nuovalaris