Spinal Traction market to grow over USD 4.50 billion revenue in 2016 as the market is steadily growing due to increasing prevalence for spinal diseases and related problems in developing regions and introduction of high technological treatments in the industry.
The global spinal traction market is expected to grow at a CAGR of approximately 4.2% by the end of the forecasted period 2016 to 2022.
The global spinal traction market has been observed as a steady growing market and expected to grow in the near future. There is huge demand for spinal traction in South America and North American countries like US, Canada and others. Increasing prevalence of disorders such as slipped discs, bone spurs etc. is adding to the growth of the market. Further factors such as the risks involved in the treatment and high costs related to the treatment are hindering the growth of the market
Spinal Traction Market Players:
- DJO Global
- STOLL Medizintechnik GmbH
- RS Medical
- Hill Laboratories Company
- Mettler Electronics Corp
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Spinal Traction market has been segmented on the basis of types which comprises of Manual spinal traction, Mechanical spinal traction. On the basis of applications, the market is segmented into slipped discs, bone spurs, degenerative disc disease, herniated discs, facet disease, sciatica, foramina stenosis, pinched nerves and others. On the basis of devices the market is segmented into continuous traction, gravity-dependent traction, manual traction, others.
Market Research Analysis:
Spinal Traction treatment is anticipated to progress immensely in the near future. Growing technology in the healthcare industry plays a major role in the growth of this market as new techniques have been evolved for the treatment of spinal diseases which are more effective and efficient, which makes these treatments more popular and the demand for these treatments will grow eventually.
Spinal Traction equipment manufacturers & Suppliers
Traction device manufacturers & Suppliers
Hospitals and laboratories
Academic research institutes
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