The global Back Therapy Kits Market is experiencing a surge, driven by the growing prevalence of back pain and the increasing availability of effective treatment solutions. Currently valued at USD 4 billion in 2024, the market is projected to reach a substantial USD 6.1 billion by 2034, with a steady Compound Annual Growth Rate (CAGR) of 4.2%.
Battery-powered back therapy kits are leading the market, capturing over 81.5% of the market share in 2022. This dominance highlights the preference for portable and convenient solutions for back pain management.
Back Therapy Kits come across as at-home medical devices used for managing pain, especially in the lower back. At the lower back, they are secured with a strap. The Back Therapy Kits make use of TENS technology to transmit vibration to the body to relieve pain.
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 concerning Back Therapy Kits are expected to restrain the Back Therapy Kits market going forward.
In its latest market study entitled ‘Back Therapy Kits Market’, Future Market Insights has entailed these facts with future prospects. 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 the 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 the 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 a 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 will be aged 60 and above by the year 2050.
Back Therapy Kits Market Competitive Landscape:
- The key players in the 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 launches, mergers, acquisitions, partnerships, and joint ventures, and likewise to make a mark for themselves amidst the call for innovations.
- Pfizer, Inc. is known for its drug called ‘tanezumab’ since the year 2017. It was when it 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 substitute opioids.
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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.
Key Segments Covered in the Back Therapy Kits Market Study
by Product Type:
- Strapped Back Therapy Kits
- Strapless Back Therapy Kits
by Connectivity:
- Wired Back Therapy Kits
- Battery-Operated Back Therapy Kits
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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