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Global Posture Corrector Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Posture Corrector Market, By Product Type (Sitting Support Devices, Posture Braces, Kinesiology Tape, Posture Corrector Clothing, Others), Price Level (Less than US$ 20, Between US$ 20 – US$ 50, Above US$ 50), Distribution Channel (Online, Offline), End-user (Men, Women, Kids) – Industry Trends and Forecast to 2029.

Posture Corrector Market

Global Posture Corrector Market Analysis and Size

In today’s world, suffering from a bad posture is a common occurrence owing to a wide range of factors. This in turn could deduce the confidence in individuals and develop a bad self-image. However, with the rising awareness to maintain a good body posture and growing availability of products in this regards, there is a great scope of growth for the market.                                                  

  • Data Bridge Market Research analyses that the posture corrector market is expected to undergo a CAGR of 6.00% during the forecast period. This indicates that the market value, which was USD 1,347.50 million in 2021, would rocket up to USD 2,147.71 million by 2029. “Kinesiology Tape” dominates the product type segment of the posture corrector market owing to the fact that it has been observed to increase the blood circulation and reduce the swelling.

Global Posture Corrector Market Definition

From the name itself, it is clear that posture corrector are the medical products that are used to correct the body posture and relive the user of back pain, neck pain and swelling. Posture correctors are available in a wide range of designs and sizes according to the height and weight of an individual.                      

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Sitting Support Devices, Posture Braces, Kinesiology Tape, Posture Corrector Clothing, Others), Price Level (Less than US$ 20, Between US$ 20 – US$ 50, Above US$ 50), Distribution Channel (Online, Offline), End-user (Men, Women, Kids)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

ViboCare (US), BodyRiteTraining (US), Hexaform (India), Restore Health Solutions (US), UPRIGHT (Israel), BackJoy (US), Marakym (US), eDila (India), FUYERLI (US), Inspirera & Co. AB (Sweden), IntelliSkin (US), Alignmed (US), COMFYMEDOstoplast Wellness Pvt. Ltd. (India), BodyRite (US), Swedish Posture (Sweden), Thermo Fisher Scientific Inc. (US), Novartis AG (Switzerland), Abbott (US), Johnson & Johnson Services, Inc. (US), GlaxoSmithKline plc (UK), Bayer AG (Germany), BD (US)    

Market Opportunities

  • Growth in the awareness about the benefits of maintaining personal health
  • Increasing incidence rate of kyphosis   
  • Rising research and development opportunities

Posture Corrector Market Dynamics

Drivers

  • Rising Prevalence of Conditions

Growing incidence rate of spinal and back disorders globally is one of the major factors fostering the growth of the market. Kyphosis and hunchback are the common spinal conditions found globally. More than 10 million cases of kyphosis per year are witnessed in India and this condition may prevail for lifetime if not treated properly.    

  • Research and Development Proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the advancements in medical technologies and devices is also bolstering the market growth rate.

  • Growing Investment for Healthcare Facilities

Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.  

Opportunities

Furthermore, upsurge in the public-private funding for target research activities, rising complaints of regular back pain owning to long working hours in the seating position among the population  and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, unhealthy lifestyle of individuals, rising internet penetration rate, rising geriatric population base, change in consumer’s preference to natural treatments, product development and commercialization and increasing per capita expenditure on health care will further expand the market's growth rate in the future. 

Restraints/Challenges Global Posture Corrector Market

On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities, uneven distribution of medical services, dearth of skilled medical professionals, and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, emergence of alternative technologies, perception about posture correctors being medical aid for patients rather than an everyday application, weakening of muscles due to prolonged usage of posture corrector, limited insurance coverage and regulatory compliance, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.

This posture corrector market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the posture corrector market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Posture Corrector Market

The COVID-19 pandemic essentially affected the market. This is because of the fact that majority of the healthcare resources were directed towards meeting the demand arising out of COVID-19 patients. Postponement of non-elective surgeries and non-essential healthcare procedures has further derailed the market growth rate in this pandemic period. Lockdowns, quarantines, and social distancing have enhanced many posture-related problems. Further, restrictions imposed on travel owing to the lockdown regulations further challenged the market growth rate in this period. However, the post pandemic period will help to generate profits and revenues.

Recent Development

  • In December 2021, On Indiegogo, CZUR has launched the New CZUR Mirror True Smart AI Posture Corrector which widen help to generate greater profits in the long run.
  • In February 2021, Mueller Sports Medicine introduced an adjustable posture corrector that targets athletes and people working from home.

Global Posture Corrector Market Scope

The posture corrector market is segmented on the basis of product type, price level, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product type

  • Sitting Support Devices
  • Posture Braces
  • Kinesiology Tape
  • Posture Corrector Clothing
  • Others

On the basis of product type, the posture corrector market is segmented into sitting support devices, posture braces, kinesiology tape, posture corrector clothing and others. Others are further segmented into electronic posture reminder, magnetic back brace and others.

Price level

  • Less than US$ 20
  • Between US$ 20 – US$ 50
  • Above US$ 50

On the basis of price level, the posture corrector market is segmented into less than us$ 20, between us$ 20 – us$ 50 and above us$ 50.

Distribution channel

  • Online
  • Offline

On the basis of distribution channel, the posture corrector market is segmented into online and offline. Online is further segmented into company owned sites and e-commerce sites. Offline is further segmented into supermarkets and hypermarkets, specialty stores and other retail stores.

End-user

  • Men
  • Women
  • Kids

On the basis of end-user, the posture corrector market is segmented into men, women and kids.

Posture Corrector Market Regional Analysis/Insights

The posture corrector market is analysed and market size insights and trends are provided by country, product type, price level, distribution channel and end-user as referenced above.

The countries covered in the posture corrector market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates posture corrector market because of the high acceptance rate of posture corrector and inclination towards healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The posture corrector market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for posture corrector market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the posture corrector market. The data is available for historic period 2010-2020.

Competitive Landscape and Posture Corrector Market Share Analysis

The posture corrector market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to posture corrector market.

Some of the major players operating in the posture corrector market are:

  • ViboCare (US)
  • BodyRiteTraining (US)
  • Hexaform (India)
  • Restore Health Solutions (US)
  • UPRIGHT (Israel)
  • BackJoy (US)
  • Marakym (US)
  • eDila (India)
  • FUYERLI (US)
  • Inspirera & Co. AB (Sweden)
  • IntelliSkin (US)
  • Alignmed (US)
  • COMFYMEDOstoplast Wellness Pvt. Ltd. (India)
  • BodyRite (US)
  • Swedish Posture (Sweden)
  • Thermo Fisher Scientific Inc. (US)
  • Novartis AG (Switzerland)
  • Abbott (US)
  • Johnson & Johnson Services, Inc. (US)
  • GlaxoSmithKline plc (UK)
  • Bayer AG (Germany)
  • BD (US)    

Research Methodology : Global Posture Corrector Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available : Global Posture Corrector Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Posture Corrector Market Value is expected USD 2,147.71 million by 2029.
The Posture Corrector Market is Projected to Grow at a CAGR of 6.00% During the Forecast Period of 2022 to 2029.
ViboCare (US), BodyRiteTraining (US), Hexaform (India), Restore Health Solutions (US), UPRIGHT (Israel), BackJoy (US), Marakym (US), eDila (India), FUYERLI (US), Inspirera & Co. AB (Sweden), IntelliSkin (US), Alignmed (US), COMFYMEDOstoplast Wellness Pvt. Ltd. (India), BodyRite (US), Swedish Posture (Sweden), Thermo Fisher Scientific Inc. (US), Novartis AG (Switzerland), Abbott (US), Johnson & Johnson Services, Inc. (US), GlaxoSmithKline plc (UK), Bayer AG (Germany) and BD (US) are the Major Companies Operating in Posture Corrector Market.
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Posture Corrector Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.