Enjoy complimentary customisation on priority with our Enterprise License!
The blood flow restriction band market is projected to grow by USD 39.57 million with a CAGR of 5.01% during the forecast period 2021 to 2026.
This blood flow restriction band market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers blood flow restriction band market segmentation by end-user (rehabilitation centers, wellness and fitness centers, and home care settings), product type (occlusion training band and double wrap occlusion training band), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The BFR band market report also offers information on several market vendors, including BFR Bands and Exerscribe Inc., Delfi Medical Innovations Inc., EDGE Mobility System, Gymreapers, Iron Bull Strength, KAATSU Global Inc., Saga Fitness, Shape Savages, The Occlusion Cuff, and Vikingstrength AS among others.
Download Report Sample to Unlock the Blood Flow Restriction Band Market Size for the Forecast Period and Other Important Statistics
The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges market.
Key Blood Flow Restriction Band Market Driver
The increasing prevalence of arthritis, as well as the rise in the number of surgeries, is notably driving the blood flow restriction band market growth. The number of people with autoimmune disorders, such as rheumatoid arthritis, has grown across the world. Consequently, the demand for blood flow restriction bands is increasing. Rheumatoid arthritis is common among all age groups; however, this autoimmune disease is more common in the older population as the prevalence of rheumatoid arthritis increases with age. For instance, in July 2021, the CDC reported that around 7.1% of the people in the US aged 18-44 years were diagnosed with arthritis, which includes rheumatoid arthritis, whereas among people aged 65 years and above, the incidence was found to be 49.6%. Such statistics further substantiate the fact that physiological and immune system changes in older people are factors that may lead to the development of rheumatoid arthritis. These factors can boost the adoption of blood flow restriction bands and services and, in turn, increase the demand in the market.
Key Blood Flow Restriction Band Market Trend
The increasing incidence of spinal injuries due to accidents and trauma is the key trend driving the blood flow restriction band market growth. The rising prevalence of spinal disorders such as spondylitis, spinal stenosis, spinal tumors, osteoporosis, degenerative diseases, scoliosis, and herniated discs is driving the growing demand for blood flow restriction (BFR) bands. According to the NIH in 2018, around 299 million people are diagnosed with degenerative diseases of the lumbar spine every year in the US. Around 39 million people are diagnosed with spondylolisthesis, 403 million people with symptomatic disc degeneration, and 103 million people with spinal stenosis worldwide every year. The rising prevalence of spinal disorders will increase the demand for blood flow restriction bands, which, in turn, will drive the market during the forecast period. Scoliosis refers to an abnormal curvature of the spine. The growing incidence of spinal deformities and scoliosis among the pediatric population is also likely to drive the growth of the global BFR band market.
Key Blood Flow Restriction Band Market Challenge
The lack of adequate healthcare services in developing countries is the major challenge impeding the blood flow restriction band market growth. Developing countries such as India and others are not witnessing a similar trend in the growth and penetration of specialized healthcare services. In developing countries, the slow growth of the global BFR band market is due to the lack of availability of skilled medical professionals and vendors and the demand for these services among patients. In these countries, healthcare facilities are primarily dependent on primary healthcare facilities. Also, low disposable income and limited healthcare spending are significant challenges to the growth of this market in countries such as India and China. Although these countries have a large patient pool with various medical conditions, including chronic diseases and lifestyle diseases, patients are highly dependent on hospital-based healthcare services, which affects the demand for blood flow restriction bands in these countries. Due to the low demand and lack of affordability among people to avail of blood flow restriction bands, vendors are also hesitating to invest strategically in developing nations to develop blood flow restriction bands. Thus, the limited presence of vendors of blood flow restriction bands in these countries is a major challenge for the growth and expansion of the global BFR band market.
This BFR band market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global blood flow restriction market as a part of the global leisure products industry within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the BFR band market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the BFR band market encompasses successful business strategies deployed by the key vendors. The blood flow restriction band market is concentrated, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report BFR band market contains comprehensive market knowledge and an in-depth vendor landscape added on to an analysis of the key vendors.
Our report provides extensive information on the value chain analysis for the blood flow restriction band market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and the evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
For more insights on the market share of various regions Request PDF Sample now!
41% of the market’s growth will originate from North America during the forecast period. The US is the key market for the blood flow restriction band market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The rising prevalence of spinal disorders, new product launches, and technological advances will facilitate the blood flow restriction band market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, owing to the COVID-19 outbreak, many companies, especially academic research institutes and industries that manufacture non-essential and essential items, partially shut down their operations. This led to a downturn in the economy and hampered trade in North America. For instance, in April 2020, around 37 state governments in the US ordered or recommended state-wide closures until further announcements to reduce the spread of COVID-19. The reduced manufacturing activities led to supply chain disruptions for home healthcare equipment, which is expected to hinder the potential growth of the market temporarily. However, the increased sales of blood flow restriction bands following the lifting of COVID-19-related restrictions in 2021 are expected to contribute to the growth of the regional market during the forecast period.
To gain further insights on the market contribution of various segments Request a PDF Sample
The blood flow restriction band market share growth by the rehabilitation centers segment will be significant during the forecast period. The demand for rehabilitation has increased over the years; however, the number of therapy professionals remains very few. Therefore, blood flow restriction bands are being increasingly adopted to restore the mobility of patients, thereby enabling them to perform activities of daily living (ADL) with minimal impact on their lives.
This report provides an accurate prediction of the contribution of all the segments to the growth of the blood flow restriction band market size and actionable market insights on the post-COVID-19 impact on each segment.
Blood Flow Restriction Band Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.01% |
Market growth 2022-2026 |
$39.57 million |
Market structure |
Concentrated |
YoY growth (%) |
4.18 |
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
Performing market contribution |
North America at 41% |
Key consumer countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
BFR Bands and Exerscribe Inc., Delfi Medical Innovations Inc., EDGE Mobility System, Gymreapers, Iron Bull Strength, KAATSU Global Inc., Saga Fitness, Shape savages, The Occlusion Cuff, and Vikingstrength AS |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Product Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.