According to FutureWise analysis the market for Spinal Traction in 2023 is US$ 5.27 billion, and is expected to reach US$ 8.47 billion by 2031 at a CAGR of 6.10%.
Spinal traction is a nonsurgical treatment that allows the spinal column to be gently separated in opposite directions in order to stabilize the damaged part of the spine. In addition to relieving pressure on the spine, it straightens it and improves the body's healing abilities. Decompression therapy can be performed manually or mechanically. Spinal traction devices are used to treat severe conditions such as pinched nerves, herniated discs, sciatica, and degenerative discs. Spinal traction is a device used to treat disorders of the spine. It is a decompression therapy that can be performed mechanically or manually. Additionally, it can be used to treat lower back pain and muscle spasms. The most common application of spinal traction is for treating cervical instabilities. Furthermore, injuries to the cervical spinal column, whether from diseases or trauma, can result in aberrant movement of the damaged region or shift of broken bones. Moreover, it can damage the nervous system further. In order to stabilize these injuries and realign a cervical spinal dislocation, spinal traction is considered to be a highly effective treatment. In recent years, minimally invasive (MI) surgery has become increasingly popular among patients and surgeons, leading to the development of advanced spinal implants. In addition to the increasing number of clinical trials for latest technology implants, the market is also expected to expand over the next few years. Developing devices that improve diagnostics and treatment of various spinal conditions has remained the best strategy with companies focusing on innovation. The use of wireless sensor technology provides advanced products that are connected to external devices for the purpose of analyzing and monitoring healing progress. It is estimated that over the forecast period, the market will be hindered by costly devices, a lack of experimental clinical data in medical treatment, risks associated with surgery, such as spine damage and infection, and the demand for minimally invasive procedures. The shortage of medicines, vaccines, and healthcare devices in hospitals is a challenge in various countries.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Spinal Traction Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Spinal Traction Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.