Market Overview:
The global traction units 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 prevalence of spine and joint disorders, rising geriatric population, and technological advancements in traction units. Based on type, the global traction units market is segmented into cervical traction unit and lumbar traction unit. The cervical traction unit segment is expected to grow at a higher CAGR than the lumbar traction unit segment during the forecast period from 2018 to 2030. This can be attributed to the increasing prevalence of neck pain and other spine-related disorders among people across the globe. Based on application, the global Traction Units Market is divided into five segments: hospitals, clinics, rehabilitation centers, nursing homes, and other applications (including home care settings). Among these segments, hospitals are expected to account for a major share of this market duringthe forecast period from 2018to2030 owingto their large patient baseand growing demand for advanced medical treatments such as spinal surgeriesand joint replacements surgeries .
Product Definition:
Traction Units are devices that attach to the wheels of a vehicle in order to provide traction. This allows the vehicle to move more easily over difficult terrain or snow and ice. Traction units are important for safely moving vehicles through difficult conditions.
Cervical Traction Unit:
Cervical traction unit is a medical device used to treat neck pain. It helps in reducing the spasticity (muscle rigidity) and provides relief from chronic pain by applying steady pressure on the cervical (neck) area. Cervical traction units are also known as cervical collars, neck pulleys, or necklaces.
Lumbar Traction Unit:
Lumbar traction unit is a device used to provide treatment for back pain. It helps in maintaining the stability of spine and provides relief from pain caused due to degenerative disc disease, herniated disc, or spondylosis.
The global Lumbar Traction Unit (LTTU) market was valued at USD 1.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
Based on application, the global traction units market is segmented into hospital, clinic, rehabilitation centers, and other. Other applications include hospitals and clinics. Hospitals are major end-users of cervical traction devices owing to their usage in the treatment of acute as well as chronic neck pain. Moreover, increasing cases of road accidents have led to an increased demand for cervical traction units in hospitals across the globe. According to a study published by NCBI in 2018; it was found that around 60% patients with neck pain seek medical consultation within 1 month of injury occurrence which also indicates a significant increase over previous years. This trend is expected to continue over the forecast period thus driving demand for cervical traction units at a global level during the same period.
Clinics are anticipated to be one of fastest growing segments due largely without doubt off rising number or patients suffering from sports injuries including strains.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high awareness levels regarding various treatment procedures, and favorable reimbursement policies are some factors driving regional growth. In addition, increasing cases of spinal cord injuries due to falls and car accidents are expected to spur product demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to rising disposable income coupled with growing medical tourism in emerging countries such as India and China. Moreover, an increase in government initiatives for improving healthcare facilities is likely to boost traction units sales across this region during the forecast period. For instance, according to a WHO fact sheet published in 2015 titled “Spinal Cord Injury: Care at Homeâ€; Asia Pacific countries were found top have a significantly high number of people living with SCI than any other region including Africa & Latin America combined (1).
Growth Factors:
- Increasing demand for electric vehicles
- Growing number of data centers
- Rising demand for renewable energy sources
- Proliferation of the Internet of Things (IoT)
- Increased adoption of Traction Units in the transportation sector
Scope Of The Report
Report Attributes
Report Details
Report Title
Traction Units Market Research Report
By Type
Cervical Traction Unit, Lumbar Traction Unit
By Application
Hospital, Clinic, Rehabilitation Centers, Nursing Homes, Other
By Companies
Chattanooga Group, Fisiotech, V2U Healthcare, BTL, PHYSIOMED ELEKTROMEDIZIN AG, ITO, Chinesport, OG Wellness Technologies, MINATO MEDICAL SCIENCE, Mettler Electronics Corp., Bird & Cronin, Huntex Corporation, DeRoyal Industries, Orthoservice
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
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Traction Units Market Report Segments:
The global Traction Units market is segmented on the basis of:
Types
Cervical Traction Unit, Lumbar Traction Unit
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, Rehabilitation Centers, Nursing Homes, Other
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:
- Chattanooga Group
- Fisiotech
- V2U Healthcare
- BTL
- PHYSIOMED ELEKTROMEDIZIN AG
- ITO
- Chinesport
- OG Wellness Technologies
- MINATO MEDICAL SCIENCE
- Mettler Electronics Corp.
- Bird & Cronin
- Huntex Corporation
- DeRoyal Industries
- Orthoservice
Highlights of The Traction Units 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:
- Cervical Traction Unit
- Lumbar Traction Unit
- By Application:
- Hospital
- Clinic
- Rehabilitation Centers
- Nursing Homes
- Other
- 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 Traction Units 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Traction units are a measurement of the amount of traction a tire provides.
Some of the key players operating in the traction units market are Chattanooga Group, Fisiotech, V2U Healthcare, BTL, PHYSIOMED ELEKTROMEDIZIN AG, ITO, Chinesport, OG Wellness Technologies, MINATO MEDICAL SCIENCE, Mettler Electronics Corp., Bird & Cronin, Huntex Corporation, DeRoyal Industries, Orthoservice.
The traction units market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Traction Units 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 Traction Units Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Traction Units 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 Traction Units 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 Traction Units Market Size & Forecast, 2020-2028
4.5.1 Traction Units Market Size and Y-o-Y Growth
4.5.2 Traction Units 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 Cervical Traction Unit
5.2.2 Lumbar Traction Unit
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 Rehabilitation Centers
6.2.4 Nursing Homes
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Traction Units 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 Traction Units 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 Cervical Traction Unit
9.6.2 Lumbar Traction Unit
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 Rehabilitation Centers
9.10.4 Nursing Homes
9.10.5 Other
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 Cervical Traction Unit
10.6.2 Lumbar Traction Unit
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 Rehabilitation Centers
10.10.4 Nursing Homes
10.10.5 Other
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 Cervical Traction Unit
11.6.2 Lumbar Traction Unit
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 Rehabilitation Centers
11.10.4 Nursing Homes
11.10.5 Other
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 Cervical Traction Unit
12.6.2 Lumbar Traction Unit
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 Rehabilitation Centers
12.10.4 Nursing Homes
12.10.5 Other
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 Cervical Traction Unit
13.6.2 Lumbar Traction Unit
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 Rehabilitation Centers
13.10.4 Nursing Homes
13.10.5 Other
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 Traction Units Market: Competitive Dashboard
14.2 Global Traction Units Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Chattanooga Group
14.3.2 Fisiotech
14.3.3 V2U Healthcare
14.3.4 BTL
14.3.5 PHYSIOMED ELEKTROMEDIZIN AG
14.3.6 ITO
14.3.7 Chinesport
14.3.8 OG Wellness Technologies
14.3.9 MINATO MEDICAL SCIENCE
14.3.10 Mettler Electronics Corp.
14.3.11 Bird & Cronin
14.3.12 Huntex Corporation
14.3.13 DeRoyal Industries
14.3.14 Orthoservice
