The global back posture corrector market was valued at $1.03 billion in 2021 and it is expected to reach $2.08 billion at a CAGR of 6.4% between 2022 and 2032. Some of the major drivers of market expansion include the rising investment in healthcare facilities, the rising demand for naturally improving posture, and the increasing frequency of spine and back illnesses. Poor posture is the main cause of the widespread spinal disorder known as kyphosis, or hunchback.
The competitive landscape of the back posture corrector market provides information on the overall economic profit made by producers and suppliers, the sales and revenues produced in this sector, the market share of back posture correctors, company profiles, the launch of new products, and market opportunities. Industry firms are also introducing new products that raise awareness in growing countries like Brazil, China, and India. These acts create opportunities for new market entrants and promote healthy market competition.
Another significant element promoting the growth of the market is the increased focus on improving the state of healthcare facilities and the infrastructure for healthcare as a whole. Increased public-private partnerships and strategic collaborations for funding and implementing new and improved technology are also opening up attractive market prospects. Inconvenience, muscle stress, and other health issues are brought on by prolonged sitting at work. Additionally, it is anticipated that the market for back posture correctors would expand due to the growing population and parents' concerns for the health of their children. The posture corrector also aids in reducing the risk of sports-related injuries. Additionally, a significant reason for the growth of the back posture corrector market is the growing public awareness of the advantages of posture correctors and the growing government support for R&D.
Source: SAI Research
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The prevalence of back and spine problems, the growth of hunchbacks, and poor body posture are all driving up demand for posture correction products globally. Additionally, excessive sitting time, bad sitting posture, and unhealthy and sedentary lifestyles are fueling the rise of the posture repair industry. The market's growth rate will also be accelerated in the future by several other factors, including unhealthy individual lifestyles, increasing internet penetration rates, an aging population base, a shift in consumer preference toward natural treatments, product development, and commercialization, and increasing per capita health care spending.
Rising investment in research & development, particularly in developed and developing nations, will further open up attractive market expansion potential for medical instruments and technologies. Furthermore, the two most prevalent spinal conditions worldwide are kyphosis and hunchback. In India, there are more than 10 million cases of kyphosis each year, and if it is not correctly treated, it may last a lifetime.
Based on product type, the posture apparel segment accounted for the largest share of this market. An observational assessment called a postural assessment, often referred to as a postural analysis or a postural alignment assessment is frequently done as the initial stage in a comprehensive physical examination. When you conduct a postural assessment, you can examine a person's general alignment, determine how their body moves and functions, and evaluate how their muscles and joints cooperate. Additionally, the goal of this is to watch the person's posture and then analyze what is seen. Therefore, these benefits would drive market growth in the future.
In terms of end-user type, the geriatric people category has been dominating the market over the past few years due to rising cases of back posture problems among these geriatric people across several emerging nations of several regions. The market for posture correction is currently expanding due to adults' increasing use of kinesiology tape and posture correction sticks. Correctors are frequently used by older persons to improve their posture. Older people use posture correctors to prevent back problems, while young people use them to long-term improve and maintain their posture. The demand in this industry is being driven by the aging population.
Based on distribution type, the offline category has been dominating the market growth over the last few years. Customers gain from pharmacists' individualized counsel, which is catered to their particular needs and health-related conditions. This contrasts with the accessibility of online forums for medical discussion, which are frequently run by administrators ignorant of factors that might influence the best advice to provide. However, the online segment is also increasing in demand. Over the last couple of years, this segment propelled the market with significant growth.
Geographically, the North American region accounted for the largest share of this market and is also anticipated to hold its dominant position during the forecast period from 2022 to 2032. The presence of significant players and the rising incidence of low back pain in the United States and Canada account for a considerable portion of the North American area. The US is the leading country in the area, expanding the worldwide market with a rising spin disorder and back pain difficulties during the projected period, as well as a growing number of important competitors. In addition to the US, Canada is making a sizable contribution to the region during the projection period. The government's growing investments are also anticipated to fuel the market for back posture correctors. The market for back posture correctors in North America is also driven by expanding R&D efforts. On the other hand, the Asia-Pacific region is expected to become the second-largest market in the global back posture corrector market.
According to the study, key players such as Acorn International (U.K), Aspen Medical Products (U.S), Bayer AG (Germany), BodyRite (U.S), BackJoy (U.S), Hexaforms Technologies (India), ITA-Med Co (U.S), Johnson and Johnson (U.S), MaraKym (U.S), Novartis AG (Switzerland), OttoBock (Germany), Restore Health Solutions (U.K), Super Ortho (Greece), Swedish Posture (Sweden), among others are leading the global back posture corrector market.
|Market Size in 2021||US$ 1.03 Billion|
|Market Volume Projection by 2032||US$ 2.08 Billion|
|Forecast Period 2022 to 2032 CAGR||6.4%|
|Historical Data||2019, 2020 and 2021|
|Forecast Period||2022 to 2032|
By Product Type Posture Apparel, Posture Seats, Posture Wearable & Others
By End-User Type: Adults, Geriatric People, Kids
By Distribution Type: Online, Offline & Others
North America, Europe, Asia-Pacific, LAMEA
|Companies covered||Acorn International (U.K), Aspen Medical Products (U.S), Bayer AG (Germany), BodyRite (U.S), BackJoy (U.S), Hexaforms Technologies (India), ITA-Med Co (U.S), Johnson and Johnson (U.S), MaraKym (U.S), Novartis AG (Switzerland), OttoBock (Germany), Restore Health Solutions (U.K), Super Ortho (Greece), Swedish Posture (Sweden), among others|
The Global Back Posture Corrector Market – by Product Type
The Global Back Posture Corrector Market – by End-User Type:
The Global Back Posture Corrector Market – by Distribution Type:
The Global Back Posture Corrector Market – by Regions:
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