Back stretchers are medical devices designed to help relieve back pain by gently elongating the spine. These devices help improve posture, reduce back tension and allow the back muscles to relax. Consisting of a sturdy yet comfortable frame, back stretchers provide gentle traction to decompress the back and alleviate pain. The growing geriatric population who are more prone to develop back issues and rising cases of sedentary lifestyles resulting in back problems have increased the need for back relaxers.
The Global Back Stretchers Market is estimated to be valued at US$ 162.2 Mn in 2024 and is expected to exhibit a CAGR of 4.6% over the forecast period 2023 to 2030.
Key Takeaways
Key players: Key players operating in the Back Stretchers market are Nubax, Backbridge, Nayoya Wellness, Theraband, Chirp, LumbarTrac, Teeter Hang Ups, Zen Health, DJO Global, Fit for Life LLC, OPTP, Gaiam, AmazonBasics, ProsourceFit, and Stamina Products Inc. Growing demand: Rising prevalence of back pain mainly due to hectic lifestyles, lack of physical activity, prolonged sitting has augmented the demand for back stretchers globally. Back stretchers provide an inexpensive and convenient way to get relief from back strain. Global expansion: Major players in the market are expanding their geographical footprint by tapping opportunities in developing markets of Asia Pacific and Latin America. These regions are witnessing increased uptake of physical therapy products due to growing health awareness.
Market Key Trends
Home use back stretchers are gaining popularity driven by the trend of home-based physical therapy. Lightweight and portable back stretcher devices that can be easily set up in homes allow users to stretch and relax their back muscles in the convenience of their residences as per their schedule. This convenience factor is driving the demand for home use back relaxers. Growing health and fitness channels on social and digital media are raising awareness about benefits of back stretches and importance of good posture which is contributing to the increased adoption of back stretcher devices for back pain relief.
Porter’s Analysis
Threat of new entrants: It is moderate as the back stretchers market is fragmented with presence of several small to medium players. However, significant capital is required to manufacture back stretchers and gain brand recognition.
Bargaining power of buyers: It is high due to availability of numerous alternatives in the market and lack of differentiation. Buyers can negotiate on price easing owing to availability of substitutes.
Bargaining power of suppliers: It is moderate as there are many suppliers providing raw materials required for manufacturing back stretchers. Switching costs are also low for suppliers.
Threat of new substitutes: It is high as other devices like inversion tables, massage chairs, foam rollers provide similar back relief functionality.
Competitive rivalry: It is high owing to presence of numerous branded and unbranded players competing on price and innovation.
Geographical Regions
North America accounts for the largest share in the back stretchers market in terms of value owing to strong healthcare infrastructure, rising geriatric population suffering from back pain, and growing awareness.
Asia Pacific is expected to witness the fastest growth during the forecast period due to increasing disposable incomes, growing middle class population, and rising prevalence of lumbar pain attributed to sedentary lifestyle in countries like China and India.
