Global Spinal Traction Market - Industry Trends and Forecast to 2028

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Global Spinal Traction Market - Industry Trends and Forecast to 2028

  • Medical Devices
  • Upcoming Report
  • Mar 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Spinal Traction Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2021 –2028
Diagram Market Size (Base Year)
USD 4,471.49 Million
Diagram Market Size (Forecast Year)
USD 7,094.67 Million
Diagram CAGR
%
Diagram Major Markets Players
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Global Spinal Traction Market, By Type (Manual Spinal Traction and Mechanical Spinal Traction), Applications (Slipped Discs, Bone Spurs, Degenerative Disc Disease, Herniated Discs, Facet Disease, Sciatica, Foramina Stenosis and Pinched Nerves), Devices (Continuous Traction, Gravity-Dependent Traction and Manual Traction), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Spinal Traction Market Market Analysis and Insights of Spinal Traction Market

Rising geriatric population coupled with rising spinal cord diseases and spinal cord trauma have led to a rise in demand for spinal traction. Data Bridge Market Research analyses that the spinal traction market will exhibit a CAGR of around 5.94% for the forecast period of 2021-2028. This means that the current spinal traction market value, which is USD 4,471.49 million will rocket up to USD 7,094.67 million by the year 2028.

Spinal tractions are the devices that are used to treat spinal cord pain, diseases, and various spinal orthopedic conditions such as kyphosis, muscle contracture, lordosis, bone fracture, scoliosis, and other born deformities. Spinal traction is a decompression treatment that helps to relieve pain from the spinal cord. It can be performed both manually and mechanically and can be also used to treat muscle spasms and lower back pain. The spinal traction treatment is advised in conjunction with other therapies and treatment to achieve the best and effective results. The spinal traction treatment is also used to prepare the patients for endoscopic spine surgery, interspinous fixation, vertebral compression fracture repair, and interbody fixation.

The rising prevalence of spinal cord diseases and lower back pain coupled with an ever-rising geriatric population has led to the rise in demand for spinal traction. Rising born deformities in all age groups especially due to shifting lifestyle has further propelled the growth of spinal traction market. Rising expenditure to improve healthcare facilities especially in developing countries has further promoted the demand for spinal traction.

However, the lack of clinical data providing the results of spinal traction treatment will pose a challenge to the growth of the market. The high cost of undergoing spinal traction treatment will further derail the market growth rate. The rising demand for minimally invasive treatments will further hammer down the market growth rate.

This spinal traction market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on spinal traction market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Spinal Traction Market Scope and Market Size

The spinal traction market is segmented on the basis of type, application and devices. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

  • Based on the types, the spinal traction market has been segmented as manual spinal traction, and mechanical spinal traction.
  • Based on the applications, the spinal traction market has been segmented as slipped discs, bone spurs, degenerative disc disease, herniated discs, facet disease, sciatica, foramina stenosis, and pinched nerves.
  • Based on the devices, the spinal traction market has been segmented as continuous traction, gravity-dependent traction, and manual traction.

Spinal Traction Market Country Level Analysis

The spinal traction market is analysed and market size insights and trends are provided by country, type, application and devices as referenced above.

The countries covered in the spinal traction market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the spinal traction market where the U.S. is the largest contributor. This is due to rising spinal cord disorders in the region coupled with rising adoption of various surgical procedures. Regulatory framework, prevalence of sophisticated medical technology and infrastructure and favourable reimbursement policies are also promoting growth of the market in this region. However, it is Asia-Pacific region which is set to undergo the highest compound annual growth rate during the forecast period. This is because of the increased investment in healthcare infrastructure, rising geriatric population and rising awareness about the benefits of undergoing spinal traction treatment. Rising disposable income and increased medical tourism are some other growth determinants for this region.

The country section of the spinal traction market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed Base and New Technology Penetration

Spinal traction market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for spinal traction market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the spinal traction market. The data is available for historic period 2010 to 2019.

Competitive Landscape and Spinal Traction Market Share Analysis

The spinal traction market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to spinal traction market.

The major players covered in the spinal traction market report are SAUNDERS GROUP LTD, BTL., Scrip Inc., Stoll Medizintechnik GmbH, Hill Laboratories Company., North American Medical Corporation., Dentsply Sirona., Medtronic, SPINE/RXTM, VAXD.com, GF HEALTH PRODUCTS, INC., Carestream Health, FUJIFILM Corporation, Siemens Healthcare Private Limited, Koninklijke Philips N.V., Shimadzu Corporation., Toshiba International Corporation, GENERAL ELECTRIC COMPANY, Hitachi Healthcare Americas, Pfizer Inc. and Baxter among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The market is segmented based on , By Type (Manual Spinal Traction and Mechanical Spinal Traction), Applications (Slipped Discs, Bone Spurs, Degenerative Disc Disease, Herniated Discs, Facet Disease, Sciatica, Foramina Stenosis and Pinched Nerves), Devices (Continuous Traction, Gravity-Dependent Traction and Manual Traction), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028 .
The Global Spinal Traction Market size was valued at USD 4471.49 USD Million in 2020.
The Global Spinal Traction Market is projected to grow at a CAGR of 5.94% during the forecast period of 2021 to 2028.