About Back Support
Back support are being used to provide relief to individuals with disorders like musculoskeletal problems, especially in the older and middle-aged population. These types of equipment are gaining popularity among athletes where the majority of injuries are related to lower-back or the spine. To keep up with the evolving needs of the customers, Key players are offering products with ergonomic designs that are made of comfortable and breathable materials. The prevalence of musculoskeletal disorders among the older and middle-aged population is driving the market of back support globally. Braces and back supports are also used for treating sports injuries in athletes.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.01% |
The market is fragmented with few players who are actively involved in manufacturing back support market based on cost structure, raw material, and suppliers, etc. These market players face stiff competition from the regional vendors that offer low-cost products. The global players cater to specialized clinics and hospitals and have a strong presence in the market. The high incidences of musculoskeletal disorders drive the demand for back support products from end-users. Analyst at AMA Research estimates that Germany Players will contribute the maximum growth to Global Back Support market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M (United States), ITA-MED (United States), Bauerfeind (Germany) and DeRoyal (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are BSN medical (Germany), DJO Global (United States), Ossur (Iceland) and Ottoblock (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Back Support market by Type (Rigid Braces and Soft Braces), Application (Orthopedics clinics, Hospitals, OTC and Others) and Region.
On the basis of geography, the market of Back Support has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Age Group, the sub-segment i.e. Geriatric will boost the Back Support market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumption of Anatomically Knitted and Breathable Fabric-Based Products by The People and Rapid Commercialization of Support Products
Market Growth Drivers:
Increase in High Rate of Musculoskeletal Disorders., Rising Number of Sport Injuries and Growing Geriatric Population
Challenges:
Weakening of Spine Due to the Artificial Support Provided by Back Support is posing a Challenge for the Market
Restraints:
High Cost of Back Support may hamper the Market Growth
Opportunities:
Increasing Investment in Healthcare Infrastructure & Medical Devices
Market Leaders and their expansionary development strategies
August 2018, Evoke PRO announced the Amazon launch of their new Back Brace Posture Corrector Straightener. The product has been designed with care to provide adjustable posture support for men and women looking to improve their posture and eliminate back pain. Evoke PRO is an emerging brand offering state-of-the-art posture correction products via Amazon.com.
Orthopedic clinics rely on third-party manufacturers, which are often scrutinized by agencies such as the Food and Drug Administration and British Standards Institution due to poor operation standards of the manufacturers
Key Target Audience
Back Support Manufacturers, Traders/Disributors/Wholesalers, Government and Regulatory Bodies, Downstream Vendors, Marketing firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.