You are currently viewing Global Traction Beds Market to be Driven by the Rising Application of the Product in Hospitals and Physiotherapy Clinics in the Forecast Period of 2023-2028

Global Traction Beds Market to be Driven by the Rising Application of the Product in Hospitals and Physiotherapy Clinics in the Forecast Period of 2023-2028

The new report by Expert Market Research titled, ‘Global Traction Beds Market Report and Forecast 2024-2032’, gives an in-depth analysis of the global traction beds market, assessing the market based on its segments like products, technologies, end-users, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2018-2032)

• Forecast CAGR (2023-2024): 4.2%

The global market for traction beds is being driven by the increasing prevalence of spinal and orthopaedic problems globally, along with the rising cases of injuries among the geriatric population and sportspersons. In addition, the increasing rate of hospitalisation, the rapid development of hospitals, ambulatory surgical centres, and diagnostic facilities, and the increasing healthcare expenditure are further propelling the growth of the market. Further, the rising investments by the private and government hospitals to boost the comfort of patients are anticipated to aid the market growth in the forecast period. The healthcare organisations and institutes are increasingly focusing on improving their services and care quality, which is expected to support the demand for traction beds in the coming years.

Industry Definition and Major Segments

Traction beds refer to the type of bed utilised in healthcare institutes to provide longitudinal force to the axis of the spinal column of a patient. Traction beds are available in varied formats to meet the specific conditions of patients. For instance, in case of spinal injury, a spinal traction bed will be used. The product is widely adopted in hospitals, physiotherapy clinics, and nursing homes, among others.

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By product, the market can be divided into:

• Spinal Traction
• Skeletal Traction
• Cervical Traction
• Skin Traction

Based on technology, the market is segmented into:

• 2-Fold Traction Bed
• 3-Fold Traction Bed
• 4-Fold Traction Bed
• Others

The significant end-users of the product include:

• Hospitals
• Clinics
• Ambulatory Surgery Centres
• Homecare Settings
• Others

The regional markets for traction beds include:

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

Market Trends

The increasing focus of healthcare institutes, including clinics and nursing homes, on improving the comfort and experience of patients is positively impacting the market growth. In addition to this, the market growth can be associated with the rising healthcare expenditure by the middle-class population. Moreover, the rapid expansion of leading medical device manufacturers is anticipated to significantly enhance the market growth in the forecast period. In terms of region, North America accounts for a significant share in the market owing to the rising government funding to provide high-quality healthcare services in countries like the United States of America and Canada, along with the increasing spending on public health.

Key Market Players

The report also covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of the major market players.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.