Global Back Support Market 2017-2021

Published: Dec 2016 Pages: 59 SKU: IRTNTR11065

Overview of the global back support market

Technavio’s market research analyst predicts the global back support market to grow at a CAGR of around 4% between 2017 and 2021.  The increasing number of sports injuries is one of the major growth drivers for the back support market. A high number of traumatic injuries was witnessed during the 2016 Rio Olympics. Most athletes face chronic pain in the event of lumbar spine injury due to excessive physical activities. Lower back and spine injuries account for the majority of the athletic injuries. Over 69% of all adolescent athletes go through lumbar spine and back injuries, whereas, adult athletes report discogenic disorders and muscle strain due to axial loading, twisting, and repetitive hyperextension, which leads to acute lower back pain.  These factors lead to more demand for back support belts, which further drive the market for back support for treating sports injuries.

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Several vendors in the market are offering products with ergonomic support, which helps to eliminate bad posture and back pain. Ergonomics has made back support devices sleeker and more lightweight, and they can be transported easily. Back support products provide adequate support to the muscles, reducing the strain on the neck and back of the user. For instance, Neck Solutions offers ergonomic office chairs that are customized to reduce back pain and spinal contraction. Impacto offers a bio back belt that is ergonomically designed for people with chronic back pain to reduce the strain on the muscles and lower back.

Competitive landscape and key vendors

The market is dominated by several global and branded vendors such as 3M, ITA-MED, Bauerfeind, and DeRoyal. However, these vendors 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 in Europe, Middle East, and APAC, which offer the potential growth opportunities for the market vendors. Vendors are also implementing advanced materials and processing technologies that allow them to offer high-performance products.

Leading vendors in the market are 

  • 3M
  • ITA-MED
  • Bauerfeind
  • DeRoyal

Other prominent vendors in the back support market include BSN medical, DJO Global, Ossur, and Ottobock.

End-user segmentation and analysis of the back support market

  • OTC
  • Orthopedic Clinics
  • Hospitals

Based on the back support market review, the OTC segment will be the fastest-growing segment of the back support market during the forecast period. At present, the segment is witnessing a high demand for quick self-treatment from patients as it produces mass orthosis products such as back support and braces that can be procured without a medical prescription. The massive growth of this segment can be attributed to the immediate solution it provides for pain relief.

Geographical segmentation and analysis of the back support market

  • Americas
  • APAC
  • EMEA

APAC is expected to be the fastest-growing region in the market during the forecast period. Much of the region’s growth comes from the opportunities present in the healthcare sector and the anticipated advent of advanced technologies in the region. Consumers are also focusing on better management of non-communicable diseases that are caused by unhealthy lifestyle choices and old age. Also, with the increase in musculoskeletal disorders, people are opting for high-quality medical care, which, in turn, has led to a rise in the number of healthcare facilities in the region.

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 Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global back support market?
  • What are the key market trends impacting the growth of the global back support market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global back support market?
  • What are the market opportunities and threats faced by the vendors in the global back support market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global back support market?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

  • Market overview
  • Vendor segmentation
  • Common currency conversion rates
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by end-user

  • Market overview
  • Global back support market for OTC end-use
  • Global back support market for orthopedic clinic end-use
  • Global back support market for hospital end-use

PART 07: Geographical segmentation

  • Overview
  • Back support market in APAC
  • Back support market in Americas
  • Back support market in EMEA

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Ergonomically designed products
  • Demand for lumbar back support products
  • Consumption of anatomically knitted and breathable fabric-based products

PART 13: Vendor landscape

  • Overview
  • Key vendor ranking
  • Key emerging vendors
  • Other prominent vendors

PART 14: Key vendor analysis

  • 3M
  • ITA-MED
  • Bauerfeind
  • DeRoyal

PART 15: Appendix

  • List of abbreviations

PART 16: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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