Medical Traction Devices Market: Overview

Medical traction is a therapeutic method used in treating several situations such as muscle contracture, bone fractures, bone deformities (e.g. scoliosis, kyphosis and lordosis) and long-duration muscle spasms. Traction is widely used procedure for low back pain (LBP) and is prescribed in conjunction with other therapies and treatments. Although the results obtained from adoption of traction have been encouraging, there is insufficient clinical data to support the usage of traction devices in medical treatment.

The global market for medical traction devices is expected to increase as more preference is given towards non-invasive treatment procedures for bone disorders. Furthermore, high number of patients with chronic pain due to xx and subsequent side effects of pain drugs offer good market opportunity for medical traction devices in the coming years.

Medical Traction Devices Market: Segmentation

Global medical traction devices market is categorized on the basis of specificity and weights used for traction into two major segments, namely, skin traction devices and skeletal traction devices. Skin traction devices use 5 to 7 pounds of weight attached to the skin and is a preferred treatment over the skeletal traction as the latter involve more than 25 pounds weight attached to the specific site (femur bone) using pins and screws. On the basis of principle of operation, medical traction devices are of several types such as autotraction, continuous traction, gravity-dependent traction, intermittent traction, manual traction, mechanical traction, and pneumatic traction.

On the basis of usage of these devices, the market can be also segmented as over-the-door traction devices (home use) and traction devices for clinical settings. FDA classifies traction devices under product code ITH (powered traction equipment) and product code HST (non powered traction apparatus) and the devices approved by FDA are being covered under Medicare and Medicaid as well as other private insurers as well.

Medical Traction Devices Market: Product and Insights

Some of the medical traction devices available in the market include the Arthrotonic stabilizer, Anatomotor, Accu-Spina System in 2000, DRX9000 spinal decompression, and the Bass Antalgic-Trak. Cervical traction involves stretching soft tissues present in the neck and to relieve neck pain by separating spinal joint structures. The treatment of neck pain using medical traction device is recognized by the American College of Rheumatology and therefore increasingly adopted in the U.S. and Canada. Lumbar traction devices have been used to treat lower back pain and techniques involved in lumbar traction include widening or decompression of vertebral disc spaces, unloading of vertebrae, reduce disc protrusion, elongation and stabilization of spine.

Cervical and lumbar traction devices have been studied profoundly than any other traction device type and therefore physicians prescribe these devices with minimal hesitation.  For instance, LTX 3000 Lumbar Rehabilitation System (Spinal Designs International, Inc.), and Saunders Lumbar Home Trac (Saunders Group, Inc.) have been widely used for treating sub-acute and chronic low back pain. Recent developments in the market include development of penile traction devices that can be used for treating Peyronie’s disease.

Medical Traction Devices Market: Competitive Overview

Some of the companies participating in the global medical traction devices market include The Saunders Group, Inc., Chattanooga Corporation, STOLL Medizintechnik GmbH, RS Medical, Hill Laboratories Company, North American Medical (NAM) Corporation, Ito Co., Ltd., Mettler Electronics Corporation, Carteret Comprehensive Medical Care, Spinetronics, LLC, Dentsply International, Medtronic, Inc., SpineRx Technology, Spinal Designs International, Inc., CERT Health Sciences, LLC and VAX-D Medical Technologies, LLC.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Medical Traction Devices Market

Pre Book