Waist Support Belts Market Developments by 2031
The Waist Support Belts Market is expected to register a CAGR of 7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Waist Support Belts Market is categorized by product type into the following subsegments: Fixed, Adjustable. It further presents an analysis based on distribution channel, i.e., Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Waist Support Belts Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Waist Support Belts Market Segmentation
Product Type- Fixed
- Adjustable
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- Others
Strategic Insights
Waist Support Belts Market Growth Drivers- Rise in Back and Spinal Disorders: The increase in back-related issues mainly in the elderly and those who lead sedentary lifestyles put a high demand on the waist support belts. These belts aid in relieving back and promoting good postures.
- Increasing Involvement in Exercise: With increased involvement in exercises like lifting weights, running, and physical work, more people need waist-support belts to avoid strain and injuries resulting from exercise and heavy lifting.
- Rising Focus on Posture Correction: Good postures have been a priority in current times as people are becoming aware that proper spinal alignment prevents them from suffering from long-term back problems, and waist support belts are applied as one of the useful tools.
- Technological Integration: The support belts are now incorporating smart features like posture correction sensor belts or even heating pads, giving the users more than just physical support.
- Customizable Fit: Design for waist support belts with adjustment straps and levels of support is trending nowadays in order to get a more customized fit for diverse body types and needs.
- Sustainability Demand: The search for environmentally friendly and recyclable materials for use in waist support belts increases pressure for sustainability from manufacturers, as consumers become more conscious of the eco-friendliness of such products.
- Aging population: With an aging global population, the need for supportive health products like waist belts is on the increase, thereby providing a large market opportunity to manufacturers.
- Expansion of Preventative Healthcare: With greater emphasis on preventative healthcare methodologies, waist support belts, which will provide long-term spinal and posture benefits for more likely outcomes, create a growing opportunity within the much larger wellness market.
- Increased E-commerce: Online retailing has increased significantly and especially in the health and wellness categories. Here is an opportunity for brands to reach wider markets and design tailor-made marketing programs for their target audience.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Waist Support Belts Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Waist Support Belts Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The market is expected to register a CAGR of 7% during 2021–2031.
Some of the key drivers include the rise of back pain incidence is attributed to sedentary lifestyles, aging populations, and growing awareness of the necessity of posture correction, and these are leading to increased demand in the market.
Key trends in the market include smart waist belts that have posture-correcting features, the use of breathable and flexible materials, and more personalized sizing and design options.
3M, NYOrtho, RiptGear, Mueller, Toros Group, Baaxz, Copper Compression, Vive Health, BraceAbility are among the prominent market players.,
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Waist Support Belts Market - By Product Type
1.3.2Waist Support Belts Market - By Distribution Channel
1.3.3Waist Support Belts Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.WAIST SUPPORT BELTS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.WAIST SUPPORT BELTS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.WAIST SUPPORT BELTS MARKET - GLOBAL MARKET ANALYSIS
6.1.WAIST SUPPORT BELTS - GLOBAL MARKET OVERVIEW
6.2.WAIST SUPPORT BELTS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING
7.WAIST SUPPORT BELTS MARKET - REVENUE AND FORECASTS TO 2028 â" PRODUCT TYPE
7.1.OVERVIEW
7.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3.FIXED
7.3.1.Overview
7.3.2.Fixed Market Forecast and Analysis
7.4.ADJUSTABLE
7.4.1.Overview
7.4.2.Adjustable Market Forecast and Analysis
8.WAIST SUPPORT BELTS MARKET - REVENUE AND FORECASTS TO 2028 â" DISTRIBUTION CHANNEL
8.1.OVERVIEW
8.2.DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3.SUPERMARKETS AND HYPERMARKETS
8.3.1.Overview
8.3.2.Supermarkets and Hypermarkets Market Forecast and Analysis
8.4.SPECIALTY STORES
8.4.1.Overview
8.4.2.Specialty Stores Market Forecast and Analysis
8.5.ONLINE RETAIL
8.5.1.Overview
8.5.2.Online Retail Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.WAIST SUPPORT BELTS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Waist Support Belts Market Overview
9.1.2North America Waist Support Belts Market Forecasts and Analysis
9.1.3North America Waist Support Belts Market Forecasts and Analysis - By Product Type
9.1.4North America Waist Support Belts Market Forecasts and Analysis - By Distribution Channel
9.1.5North America Waist Support Belts Market Forecasts and Analysis - By Countries
9.1.5.1United States Waist Support Belts Market
9.1.5.1.1United States Waist Support Belts Market by Product Type
9.1.5.1.2United States Waist Support Belts Market by Distribution Channel
9.1.5.2Canada Waist Support Belts Market
9.1.5.2.1Canada Waist Support Belts Market by Product Type
9.1.5.2.2Canada Waist Support Belts Market by Distribution Channel
9.1.5.3Mexico Waist Support Belts Market
9.1.5.3.1Mexico Waist Support Belts Market by Product Type
9.1.5.3.2Mexico Waist Support Belts Market by Distribution Channel
9.2.EUROPE
9.2.1Europe Waist Support Belts Market Overview
9.2.2Europe Waist Support Belts Market Forecasts and Analysis
9.2.3Europe Waist Support Belts Market Forecasts and Analysis - By Product Type
9.2.4Europe Waist Support Belts Market Forecasts and Analysis - By Distribution Channel
9.2.5Europe Waist Support Belts Market Forecasts and Analysis - By Countries
9.2.5.1Germany Waist Support Belts Market
9.2.5.1.1Germany Waist Support Belts Market by Product Type
9.2.5.1.2Germany Waist Support Belts Market by Distribution Channel
9.2.5.2France Waist Support Belts Market
9.2.5.2.1France Waist Support Belts Market by Product Type
9.2.5.2.2France Waist Support Belts Market by Distribution Channel
9.2.5.3Italy Waist Support Belts Market
9.2.5.3.1Italy Waist Support Belts Market by Product Type
9.2.5.3.2Italy Waist Support Belts Market by Distribution Channel
9.2.5.4United Kingdom Waist Support Belts Market
9.2.5.4.1United Kingdom Waist Support Belts Market by Product Type
9.2.5.4.2United Kingdom Waist Support Belts Market by Distribution Channel
9.2.5.5Russia Waist Support Belts Market
9.2.5.5.1Russia Waist Support Belts Market by Product Type
9.2.5.5.2Russia Waist Support Belts Market by Distribution Channel
9.2.5.6Rest of Europe Waist Support Belts Market
9.2.5.6.1Rest of Europe Waist Support Belts Market by Product Type
9.2.5.6.2Rest of Europe Waist Support Belts Market by Distribution Channel
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Waist Support Belts Market Overview
9.3.2Asia-Pacific Waist Support Belts Market Forecasts and Analysis
9.3.3Asia-Pacific Waist Support Belts Market Forecasts and Analysis - By Product Type
9.3.4Asia-Pacific Waist Support Belts Market Forecasts and Analysis - By Distribution Channel
9.3.5Asia-Pacific Waist Support Belts Market Forecasts and Analysis - By Countries
9.3.5.1Australia Waist Support Belts Market
9.3.5.1.1Australia Waist Support Belts Market by Product Type
9.3.5.1.2Australia Waist Support Belts Market by Distribution Channel
9.3.5.2China Waist Support Belts Market
9.3.5.2.1China Waist Support Belts Market by Product Type
9.3.5.2.2China Waist Support Belts Market by Distribution Channel
9.3.5.3India Waist Support Belts Market
9.3.5.3.1India Waist Support Belts Market by Product Type
9.3.5.3.2India Waist Support Belts Market by Distribution Channel
9.3.5.4Japan Waist Support Belts Market
9.3.5.4.1Japan Waist Support Belts Market by Product Type
9.3.5.4.2Japan Waist Support Belts Market by Distribution Channel
9.3.5.5South Korea Waist Support Belts Market
9.3.5.5.1South Korea Waist Support Belts Market by Product Type
9.3.5.5.2South Korea Waist Support Belts Market by Distribution Channel
9.3.5.6Rest of Asia-Pacific Waist Support Belts Market
9.3.5.6.1Rest of Asia-Pacific Waist Support Belts Market by Product Type
9.3.5.6.2Rest of Asia-Pacific Waist Support Belts Market by Distribution Channel
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Waist Support Belts Market Overview
9.4.2Middle East and Africa Waist Support Belts Market Forecasts and Analysis
9.4.3Middle East and Africa Waist Support Belts Market Forecasts and Analysis - By Product Type
9.4.4Middle East and Africa Waist Support Belts Market Forecasts and Analysis - By Distribution Channel
9.4.5Middle East and Africa Waist Support Belts Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Waist Support Belts Market
9.4.5.1.1South Africa Waist Support Belts Market by Product Type
9.4.5.1.2South Africa Waist Support Belts Market by Distribution Channel
9.4.5.2Saudi Arabia Waist Support Belts Market
9.4.5.2.1Saudi Arabia Waist Support Belts Market by Product Type
9.4.5.2.2Saudi Arabia Waist Support Belts Market by Distribution Channel
9.4.5.3U.A.E Waist Support Belts Market
9.4.5.3.1U.A.E Waist Support Belts Market by Product Type
9.4.5.3.2U.A.E Waist Support Belts Market by Distribution Channel
9.4.5.4Rest of Middle East and Africa Waist Support Belts Market
9.4.5.4.1Rest of Middle East and Africa Waist Support Belts Market by Product Type
9.4.5.4.2Rest of Middle East and Africa Waist Support Belts Market by Distribution Channel
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Waist Support Belts Market Overview
9.5.2South and Central America Waist Support Belts Market Forecasts and Analysis
9.5.3South and Central America Waist Support Belts Market Forecasts and Analysis - By Product Type
9.5.4South and Central America Waist Support Belts Market Forecasts and Analysis - By Distribution Channel
9.5.5South and Central America Waist Support Belts Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Waist Support Belts Market
9.5.5.1.1Brazil Waist Support Belts Market by Product Type
9.5.5.1.2Brazil Waist Support Belts Market by Distribution Channel
9.5.5.2Argentina Waist Support Belts Market
9.5.5.2.1Argentina Waist Support Belts Market by Product Type
9.5.5.2.2Argentina Waist Support Belts Market by Distribution Channel
9.5.5.3Rest of South and Central America Waist Support Belts Market
9.5.5.3.1Rest of South and Central America Waist Support Belts Market by Product Type
9.5.5.3.2Rest of South and Central America Waist Support Belts Market by Distribution Channel
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.WAIST SUPPORT BELTS MARKET, KEY COMPANY PROFILES
11.1.3M
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.NYORTHO
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.RIPTGEAR
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.MUELLER
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.TOROS GROUP
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.BAAXZ
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.COPPER COMPRESSION
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.VIVE HEALTH
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.BRACEABILITY
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.NARANG
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1.3M
2.NyOrtho
3.RiptGear
4.Mueller
5.Toros Group
6.Baaxz
7.Copper Compression
8.Vive Health
9.BraceAbility
10.Narang
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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