Market Overview:
The global lower back support belts 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 lower back pain and the growing awareness about the benefits of using lower back support belts. The global lower back support belts market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into online and offline segments. The online segment is expected to grow at a higher CAGR than the offline segment during the forecast period owing to its growing popularity among consumers due to its convenience and affordability. On the basis of application, it can be classified into medical use and ordinary use segments.
Product Definition:
A Lower Back Support Belt is a device that helps to support the lower back. It is often worn by people who have had surgery or are recovering from an injury to their back. The belt helps to keep the spine in alignment and can help reduce pain.
Online:
Online is a type of media that allows customers to purchase products from a store by accessing the internet. The online channel has witnessed significant growth in recent years and is expected to witness high growth over the forecast period owing to factors such as ease of shopping, convenience, and availability of varied range products at discounted prices.
Offline:
Offline is the part of marketing which includes selling products through stores, malls, hypermarkets and other retail outlets. The offline channel has a major share in the distribution of goods and services across all regions. It helps companies to reach maximum customers as it allows them to see, touch & feel products before buying them.
The offline channel also provides companies an opportunity to build brand reputation by offering high quality products with excellent customer service.
Application Insights:
The ordinary use application segment held the largest share of more than 60.0% in 2017. The rising number of people suffering from lower back pain is the major factor contributing to its large share. According to a study published in NCBI, it was found that around 54% men and 46% women above 40 years have suffered from low back pain during their lifetime while another study by National Health Statistics Report indicates that around 20-30 million adults are hospitalized each year due to low back problems.
The medical use segment is expected to expand at the fastest CAGR of XX%, in terms of revenue, over the forecast period owing to increasing demand for lumbar support belts as an aid for treating various diseases including herniated disc, spinal stenosis.
Regional Analysis:
North America dominated the global lower back support belts market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing cases of spinal surgeries, rising geriatric population, and high adoption of online shopping among consumers in this region.
Asia Pacific is anticipated to witness significant growth over the coming years owing to a large aging population and increasing prevalence of chronic diseases such as cardiovascular diseases (CVDs), diabetes, arthritis, cancer etc., which may result into increased demand for medical supports products including lower back supports belts. In addition, improving living standards along with growing disposable income are likely to contribute toward higher product sales volume in this region over the next eight years.
Growth Factors:
- Increasing incidence of lower back pain: The major growth driver for the lower back support belts market is the increasing incidence of lower back pain. According to a study by the American Chiropractic Association, around 31 million Americans suffer from low back pain at any given time. This number is expected to increase in the coming years due to changing lifestyles and increasing obesity rates.
- Growing awareness about benefits of using lower back support belts: There is growing awareness among people about the benefits of using lower back support belts. These belts help in providing relief from chronic or acute low back pain, improve posture, and reduce stress on the spine. This is likely to boost demand for these products in the coming years.
- Rising popularity of fitness activities: The popularity of fitness activities such as yoga and Pilates is rising rapidly across the globe. These activities help in strengthening muscles around the spine, which reduces stress on it and helps prevent injuries or relapse of existing injuries.. This is likely to fuel demand for lowerback support belts in future as they offer similar benefits..
Scope Of The Report
Report Attributes
Report Details
Report Title
Lower Back Support Belts Market Research Report
By Type
Online, Offline
By Application
Medical Use, Ordinary Use
By Companies
AidBrace, Aspen, LP, Mueller, NYOrtho, TOROS-GROUP, CFR, CROSS1946, POWER GUIDANCE, UFEELGOOD, Hysenm, Wonder Care, BraceUP, RDX, Bracoo, FOUMECH, velpeau, ABAHUB, Swedish Posture
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Lower Back Support Belts Market Report Segments:
The global Lower Back Support Belts market is segmented on the basis of:
Types
Online, Offline
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
Medical Use, Ordinary Use
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:
- AidBrace
- Aspen
- LP
- Mueller
- NYOrtho
- TOROS-GROUP
- CFR
- CROSS1946
- POWER GUIDANCE
- UFEELGOOD
- Hysenm
- Wonder Care
- BraceUP
- RDX
- Bracoo
- FOUMECH
- velpeau
- ABAHUB
- Swedish Posture
Highlights of The Lower Back Support Belts 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:
- Online
- Offline
- By Application:
- Medical Use
- Ordinary Use
- 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 Lower Back Support Belts 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?
Lower back support belts are designed to help support the lower back and keep it in a neutral position. They can be worn around the waist or over the shoulder, depending on your preference.
Some of the major companies in the lower back support belts market are AidBrace, Aspen, LP, Mueller, NYOrtho, TOROS-GROUP, CFR, CROSS1946, POWER GUIDANCE, UFEELGOOD, Hysenm, Wonder Care, BraceUP, RDX, Bracoo, FOUMECH, velpeau, ABAHUB, Swedish Posture.
The lower back support belts market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lower Back Support Belts Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lower Back Support Belts Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lower Back Support Belts Market - Supply Chain
4.5. Global Lower Back Support Belts Market Forecast
4.5.1. Lower Back Support Belts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lower Back Support Belts Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lower Back Support Belts Market Absolute $ Opportunity
5. Global Lower Back Support Belts Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lower Back Support Belts Market Size and Volume Forecast by Type
5.3.1. Online
5.3.2. Offline
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lower Back Support Belts Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lower Back Support Belts Market Size and Volume Forecast by Application
6.3.1. Medical Use
6.3.2. Ordinary Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lower Back Support Belts Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lower Back Support Belts Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lower Back Support Belts Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lower Back Support Belts Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lower Back Support Belts Demand Share Forecast, 2019-2026
9. North America Lower Back Support Belts Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lower Back Support Belts Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lower Back Support Belts Market Size and Volume Forecast by Application
9.4.1. Medical Use
9.4.2. Ordinary Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lower Back Support Belts Market Size and Volume Forecast by Type
9.7.1. Online
9.7.2. Offline
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lower Back Support Belts Demand Share Forecast, 2019-2026
10. Latin America Lower Back Support Belts Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lower Back Support Belts Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lower Back Support Belts Market Size and Volume Forecast by Application
10.4.1. Medical Use
10.4.2. Ordinary Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lower Back Support Belts Market Size and Volume Forecast by Type
10.7.1. Online
10.7.2. Offline
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lower Back Support Belts Demand Share Forecast, 2019-2026
11. Europe Lower Back Support Belts Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lower Back Support Belts Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lower Back Support Belts Market Size and Volume Forecast by Application
11.4.1. Medical Use
11.4.2. Ordinary Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lower Back Support Belts Market Size and Volume Forecast by Type
11.7.1. Online
11.7.2. Offline
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projecions by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lower Back Support Belts Demand Share, 2019-2026
12. Asia Pacific Lower Back Support Belts Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lower Back Support Belts Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lower Back Support Belts Market Size and Volume Forecast by Application
12.4.1. Medical Use
12.4.2. Ordinary Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lower Back Support Belts Market Size and Volume Forecast by Type
12.7.1. Online
12.7.2. Offline
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lower Back Support Belts Demand Share, 2019-2026
13. Middle East & Africa Lower Back Support Belts Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lower Back Support Belts Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lower Back Support Belts Market Size and Volume Forecast by Application
13.4.1. Medical Use
13.4.2. Ordinary Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lower Back Support Belts Market Size and Volume Forecast by Type
13.7.1. Online
13.7.2. Offline
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lower Back Support Belts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lower Back Support Belts Market: Market Share Analysis
14.2. Lower Back Support Belts Distributors and Customers
14.3. Lower Back Support Belts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AidBrace
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Aspen
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. LP
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mueller
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. NYOrtho
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TOROS-GROUP
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. CFR
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CROSS1946
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. POWER GUIDANCE
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. UFEELGOOD
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hysenm
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wonder Care
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BraceUP
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. RDX
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Bracoo
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. FOUMECH
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. velpeau
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. ABAHUB
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Swedish Posture
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
