Market Overview:
The global spinal traction device market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of spine disorders, growing geriatric population, and technological advancements in spinal traction devices. Based on type, the global spinal traction device market is segmented into mobile and fixed devices. The mobile devices segment is expected to grow at a higher CAGR than the fixed devices segment during the forecast period from 2018 to 2030. This can be attributed to their ease of use and portability. Based on application, the global spinal traction device market is divided into hospitals and nursing homes, home care settings, and others (including research institutes). The hospitals and nursing homes segment accounted for majority share of the global spinal traction device market in 2017 owing to rising number of surgeries performed for spine disorders in these settings.
Product Definition:
A spinal traction device is a medical device that is used to apply traction to the spine. This can be done in order to relieve pain, treat certain conditions, or improve the function of the spine.
Mobile:
Mobile is a device used by patients to move their body parts in case of spinal cord injuries or diseases. It helps them to improve their mobility and carry out day-to-day activities with ease. The market for mobile devices is expected to witness significant growth over the forecast period owing to increasing demand for these devices among patients suffering from spinal cord injuries or diseases, growing geriatric population base, and rising awareness regarding these products among physicians & healthcare professionals.
Fixed:
Fixed and it's usage in the spinal traction device market is a new emerging trend. The fixed devices are used to provide stability to the spine during treatment such as interbody fusion, disc replacement, and lumbar stenosis. Fixed devices are gaining popularity over dynamic ones due to less movement of patient’s body parts inside the device which reduces pain for patient & increases success rate of surgery.
Application Insights:
The others application segment held the largest share of over 60.0% in 2017. The other applications include physical therapy clinics, rehabilitation centers and hospitals, and medical clinics. Increasing number of patients suffering from lower back pain & neck pain & headache due to mechanical reasons are driving the demand for spinal traction devices in these settings as well as at home care settings.
The hospital and nursing home segment is expected to grow at a lucrative CAGR during the forecast period owing to rising geriatric population across the globe coupled with increasing cases of accidents & injuries among older people due to lack of proper exercise routine or improper lifting techniques used by them while moving around their house or yard will drive this segment further contributing towards growth during forecast years.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high adoption rate of advanced technologies, and favorable reimbursement policies are some factors driving regional growth. Moreover, increasing demand for minimally invasive surgeries is anticipated to further fuel the spinal traction devices market growth over the forecast period.
Asia Pacific is expected to witness lucrative CAGR during the forecast period owing to rising geriatric population and improving healthcare facilities in emerging economies such as China and India. In addition, growing medical tourism industry due to low cost of treatment is likely to contribute significantly towards regional growth over the next eight years.
Growth Factors:
- Increasing incidence of spinal cord injuries: The increasing incidence of spinal cord injuries is one of the key growth drivers for the global spinal traction device market. According to a study by the World Health Organization (WHO), an estimated 1.3 million people worldwide are living with a permanent disability as a result of a spinal cord injury. This number is expected to grow significantly in the coming years, owing to the rising prevalence of road accidents and other lifestyle-related disorders such as obesity and diabetes.
- Growing demand for minimally invasive surgeries: The growing demand for minimally invasive surgeries is another major factor driving market growth. Minimally invasive surgery (MIS) involves performing surgical procedures through small incisions, which leads to less pain, blood loss, and scarring compared with traditional open surgery techniques. This has led to an increase in adoption rates of MIS procedures across all surgical specialties, including spine surgery.
- Rising geriatric population: The global geriatric population is growing at a rapid pace due to advancements in medical technology and healthcare services that have extended life expectancies around the world In addition, factors such as improved economic conditions and declining fertility rates are also contributing to this trend .The elderly are more prone than younger individuals to develop age-related health problems such as arthritis, osteoporosis,,and back pain .This has resulted in an increase in demand for treatment options for chronic back pain ,such as spinal traction devices,.which offer relief from pain
Scope Of The Report
Report Attributes
Report Details
Report Title
Spinal Traction Device Market Research Report
By Type
Mobile, Fixed
By Application
Hospitals and Nursing Homes, Home Care Settings, Others
By Companies
DJO Global, Meditrac, ComforTrac, Minato Medical Science, Physiomed, BTL, ITO, Xiangyu Medical, TRUE BACK, Antalgic-Trak
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Spinal Traction Device Market Report Segments:
The global Spinal Traction Device market is segmented on the basis of:
Types
Mobile, Fixed
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
Hospitals and Nursing Homes, Home Care Settings, 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:
- DJO Global
- Meditrac
- ComforTrac
- Minato Medical Science
- Physiomed
- BTL
- ITO
- Xiangyu Medical
- TRUE BACK
- Antalgic-Trak
Highlights of The Spinal Traction Device 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:
- Mobile
- Fixed
- By Application:
- Hospitals and Nursing Homes
- Home Care Settings
- 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 Traction Device 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?
A spinal traction device is a medical device that uses mechanical force to help relieve pain in the back or neck.
Some of the key players operating in the spinal traction device market are DJO Global, Meditrac, ComforTrac, Minato Medical Science, Physiomed, BTL, ITO, Xiangyu Medical, TRUE BACK, Antalgic-Trak.
The spinal traction device 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 Traction Device 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 Traction Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spinal Traction Device 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 Traction Device 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 Traction Device Market Size & Forecast, 2018-2028
4.5.1 Spinal Traction Device Market Size and Y-o-Y Growth
4.5.2 Spinal Traction Device Market Absolute $ Opportunity
Chapter 5 Global Spinal Traction Device 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 Spinal Traction Device Market Size Forecast by Type
5.2.1 Mobile
5.2.2 Fixed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spinal Traction Device 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 Spinal Traction Device Market Size Forecast by Applications
6.2.1 Hospitals and Nursing Homes
6.2.2 Home Care Settings
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spinal Traction Device 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 Traction Device 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 Spinal Traction Device Analysis and Forecast
9.1 Introduction
9.2 North America Spinal Traction Device 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 Spinal Traction Device Market Size Forecast by Type
9.6.1 Mobile
9.6.2 Fixed
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 Spinal Traction Device Market Size Forecast by Applications
9.10.1 Hospitals and Nursing Homes
9.10.2 Home Care Settings
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 Spinal Traction Device Analysis and Forecast
10.1 Introduction
10.2 Europe Spinal Traction Device 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 Spinal Traction Device Market Size Forecast by Type
10.6.1 Mobile
10.6.2 Fixed
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 Spinal Traction Device Market Size Forecast by Applications
10.10.1 Hospitals and Nursing Homes
10.10.2 Home Care Settings
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 Spinal Traction Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spinal Traction Device 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 Spinal Traction Device Market Size Forecast by Type
11.6.1 Mobile
11.6.2 Fixed
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 Spinal Traction Device Market Size Forecast by Applications
11.10.1 Hospitals and Nursing Homes
11.10.2 Home Care Settings
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 Spinal Traction Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Spinal Traction Device 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 Spinal Traction Device Market Size Forecast by Type
12.6.1 Mobile
12.6.2 Fixed
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 Spinal Traction Device Market Size Forecast by Applications
12.10.1 Hospitals and Nursing Homes
12.10.2 Home Care Settings
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) Spinal Traction Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spinal Traction Device 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) Spinal Traction Device Market Size Forecast by Type
13.6.1 Mobile
13.6.2 Fixed
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) Spinal Traction Device Market Size Forecast by Applications
13.10.1 Hospitals and Nursing Homes
13.10.2 Home Care Settings
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 Traction Device Market: Competitive Dashboard
14.2 Global Spinal Traction Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DJO Global
14.3.2 Meditrac
14.3.3 ComforTrac
14.3.4 Minato Medical Science
14.3.5 Physiomed
14.3.6 BTL
14.3.7 ITO
14.3.8 Xiangyu Medical
14.3.9 TRUE BACK
14.3.10 Antalgic-Trak
