(PharmaNewsWire.Com, June 23, 2024 ) As per Maximize Market research, Posture Corrector Market was valued at US$ 1.55 Bn. in 2023. Global Posture Corrector Market size is expected to grow at a CAGR of 7.77 % through the forecast period.
Posture Corrector Market Report Scope and Research Methodology
The report aims to provide a thorough examination of the global market for industry stakeholders. It encompasses the industry's historical and current status along with projected market size and trends, presented in easily understandable language by analyzing complex data. In the report, PORTER and PESTEL analyses have been conducted, highlighting the potential impact of micro-economic factors on the market.
Increased spinal disorders such as Kyphosis and hunchback is the leading cause of this markets drive. The trend of correcting postures allows for more market opportunities. On the other hand, high cost of R&D, limited infrastructure, lacking medical support could pose a hinderence.
Posture Corrector Market Regional Analysis:
Asia-Pacific dominated the market with 34.4% in 2023. Japan and China are facing health-related issues. China’s geriatric population reached 28%, which increases demand for posture corrector. Regions such as North America Europe Middle East and Africa and South America are also showing interest in posture supporter in lieu of the health concerns amongst citizen.
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