Lumbar Support Belts Market Size, Share, Growth & Forecast By 2026
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Lumbar Support Belts Market is expected to grow at a significant CAGR from 2020 to 2026.
Lumbar support belts are lightweight belts worn around the lower back to support the lumbar. Lumbar belts heat the back and help with muscle spasm reduction & pain reduction. Lumbar support belts unload some of the weight placed on the lower back. Lumbar belts provide more restriction in movement that relieves lower back pain.
Rising incidents of low back pain is a key driving factor of the market. Globally, low back pain is the leading cause of disability. According to the World Health Organization (WHO), globally, around 10% of the population suffers from lower back pain. The prevalence of low back pain in industrialized countries is estimated at 60% to 70%. According to the American Chiropractic Association (ACA), around 80% of Americans experience back problems at some point in their lives, of which 31 million experience low back pain. According to the Centers for Disease Control and Prevention (CDC), over 8% of the population has severe lower back pain in the United States. In the United States, 50% of working adults have experienced lower back pain each year. Lumbar support belts provide support to the lumbar spine. Lumbar support belts unload some of the weight placed on the lower back.
Adult and Pediatric is the type segment of the market scope. By application, the market is divided into Hospital, Clinic, and Home. The report covers value of the global market by type and application.
The adult segment was dominating the global lumbar support belts market in 2019, owing to the commercialization of new lumbar support belts, the partnership between companies to develop and market lumbar support belts jointly, and increasing use of lumbar support belts by adults at the workplace.
North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration at the global lumbar support belts value figures. While North America is further categorized into enhancing the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.
Asia Pacific had shown significant growth in 2019, due to the rising prevalence of musculoskeletal problems and lower back pain, increasing adoption of lumbar support belts at the workplace, the collaboration between companies to develop lumbar support belts, and commercialization of new advanced lumbar support belts.
Major players operating in the lumbar support belts industry include Bird and Cronin, Corflex Inc., Bauerfeind, BORT Medical, Thuasne, Senteq, BASKO Healthcare, Huntex Corporation, SAFTE Italia, Optec USA, URIEL.
The development commercialization of new lumbar support belts and partnerships between companies to commercialize new technologically advanced lumbar support belts are some of the strategies adopted by the major companies.