Orthopedic devices called posture correctors aid with posture by realigning the spine and addressing rounded shoulders. They are made to gently remold the back muscles and bones to achieve alignment. Wearable, low-weight devices called posture correctors offer continuous support and feedback without requiring surgery. Prone posture can improve one's looks, reduce back and neck pain, and avert long-term health problems; these benefits are making people more aware of the need for posture correctors.
The Global posture corrector market is estimated to be valued at US$ 2.15 Bn in 2024 and is expected to exhibit a CAGR of 8.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Posture Corrector Market Growth are Acorn International, Upright, Aspen Medical Products, LLC, Vissco Next, BackJoy, Swedish Posture, Ottobock, BoldFit, Hempvana, KT Tape, VIBO Care, Thermo Fisher Scientific Inc., Abbott, FUYERLI, Marakym, IntelliSkin, Mueller Sports Medicine, Inc., Dr. Ortho.
Key players like Acorn International and Upright hold a major share of the posture corrector market. Acorn International offers a wide range of fashionable posture correcting products while Upright focuses on innovative posture training technologies.
The rising awareness about benefits of maintaining a good posture through various social media campaigns and celebrity endorsements is creating significant growth opportunities for posture corrector manufacturers. Further, the growing geriatric population who are more prone to posture-related problems will augment the demand.
The posture corrector market is witnessing high growth in developed regions like North America and Europe owing to high healthcare expenditure and sophisticated consumer demand. Moreover, the market is also expanding in Asia Pacific region due to improving economic conditions and rising health consciousness.
Market drivers
The increasing prevalence of musculoskeletal disorders and spinal issues due to sedentary lifestyles and prolonged work hours in front of laptops and smartphones is the major driver for posture corrector market. According to some surveys, more than 80% of the world's population will suffer from back pain at some point requiring posture correction devices. Further, rising fitness trends and adoption of active lifestyles are also fueling the demand for posture correctors.
PEST Analysis
Political: Government regulations around health and safety can impact the posture corrector market. Requirements around device certification and standards influence manufacturers.
Economic: Changes to disposable income levels affect consumer spending on posture improving devices. Economic growth supports more investment in healthcare and prevention.
Social: Public health campaigns raise awareness of benefits to posture and pain relief. Social media spreads knowledge of posture correction products.
Technological: Advances in materials and sensor technologies enable new types of posture correcting garments and real-time feedback devices. Connectivity to apps provides exercise instruction and tracking.
Geographical concentration
In terms of value, the North American region accounts for the largest share of the posture corrector market currently. The United States in particular has seen strong consumer demand for high-tech posture improving wearables and accessories in recent years. Products are popular among individuals seeking to improve mobility and reduce back pain through correction and exercise.
Fastest growing region
The Asia Pacific region is projected to experience the fastest growth in the posture corrector market over the forecast period from 2024 to 2031. Rapid economic development and rising living standards in countries such as China and India are driving increased consumer spending on health and wellness items. A growing youth population adopts new fitness technologies, supporting the adoption of posture correction devices.
Get more insights on Global posture corrector market
Comments
0 comment