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
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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