The global Back Therapy Kits Market Size was worth US$ 3.7 Billion in the year 2022 and is expected to reach US$ 5.8 Million by the 2032 at a CAGR of 4.6% between 2022 and 2032.
Back Therapy Kits come across as at-home medical devices used for managing pain, especially in lower back. At the lower back, they are secured with strap. The Back Therapy Kits make use of TENS technology for transmitting vibration to body for relieving pain.
The patients suffering from back pain are advised to attend 15 to 20 sessions every single day using Back Therapy Kits. The sportspersons prefer them for relaxing their lower back.
These days, strapless Back Therapy Kits are the buzzword. Homecare settings followed by rehabilitation centers generally use Back Therapy Kits.
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At the same time, higher costs involved with respect to Back Therapy Kits are expected to restrain the Back Therapy Kits market going forward.
Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Back Therapy Kits Market’. It has its line of expertise in the form of analysts and consultants to deploy an eagle’s eye view in its primary, secondary, and tertiary modes of research.
“With realization of the fact that vibration provided by Back Therapy Kits provides relief from muscle strain, the global Back Therapy Kits market is expected to go good in the forecast period”, says an analyst from Future Market Insights.
Key Takeaways from Back Therapy Kits Market
- North America holds the largest market share with the US witnessing continuous development of therapies.
- Europe is expected to stand second with the UK and Germany showing the same prospects as the US.
- The Asia-Pacific is expected to grow at the quickest rate in Back Therapy Kits market in the forecast period with increasing incidences of lower back pain all across Japan, China, and India. Also, the WHO has confirmed that every sixth person in India suffers from arthritis at certain point in their lives. The rising geriatric population is another point to look into. This is evident from the fact that as per the UN’s ESCAP (Economic and Social Commission for Asia and the Pacific), nearly 1.3 Billion people would be aged 60 and above by the year 2050.
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Competitive Landscape:
- The key players in Back Therapy Kits market include Sanofi S.A., Polar Products Inc., Hocomo, Bayer AG, Brooks Life Sciences, Tynor, Amedica, Alliance Spine, Globus Medical, Captiva Spine, and likewise.
- The players mentioned above are engaging in various modes of expansion like new product launch, mergers, acquisitions, partnerships, joint ventures, and likewise to make a mark for themselves amidst call for innovations.
- Pfizer, Inc. is known for its drug called ‘tanezumab’ since the year 2017. It was when it has received approval from the US FDA with regards to treating chronic low back pain. It’s interesting to learn that tanezumab is one of the humanized monoclonal immunoglobulin G2 (IgG2) to be used as a substitute to opioids.
What does the Report say?
- The research study is based on product type (strapped Back Therapy Kits and strapless Back Therapy Kits), connectivity (wired Back Therapy Kits and battery operated Back Therapy Kits), and end-user (hospitals, orthopedic clinics, rehabilitation centers, long term care centers, and homecare settings).
- With rising demand for at-home care settings, the global Back Therapy Kits market is expected to grow inadvertently in the forecast period.
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Key Segments Covered in the Back Therapy Kits Market Study
Back Therapy Kits Market by Product Type:
- Strapped Back Therapy Kits
- Strapless Back Therapy Kits
Back Therapy Kits Market by Connectivity:
- Wired Back Therapy Kits
- Battery Operated Back Therapy Kits
Back Therapy Kits Market by End User:
- Back Therapy Kits for Hospitals
- Back Therapy Kits for Orthopedic Clinics
- Back Therapy Kits for Rehabilitation Centers
- Back Therapy Kits for Long Term Care Centers
- Back Therapy Kits for Homecare Settings
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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