by Market Overview:
cervical traction to the neck by applying gentle, continuous extension to relieve pressure and pain in the neck region. They are therapeutic devices helping to relieve nerve compression for cervical radiculopathy, disc herniation, degenerative disc disease and other injuries or pain related to the cervical spine.
Market key trends:
One of the key trends in the global cervical traction collars market is the increasing preference for soft collars over rigid collars. Soft cervical collars are more comfortable for patients as they distribute pressure evenly and reduce localized pressure points. They contour better to the shape of the neck and flex and extend more naturally with head movement compared to rigid plastic or metal designs. As such, soft collars allow for better mobility and are recommended for patients needing traction over extended periods. Their increased adoption is expected to drive the soft cervical collar segments growth over the forecast period.
SWOT Analysis
Strength: Cervical traction collars provide pain relief and support to the neck region. They help improve posture and range of motion for patients suffering from cervical spondylosis and other neck problems.
Weakness: Cervical traction collars are inconvenient to use for long periods. They may cause discomfort, skin irritation, and sores if worn continuously for many hours.
Opportunity: Rising geriatric population prone to degenerative cervical conditions like neck arthritis and disc disorders is driving the demand for cervical traction collars. Increasing awareness about the benefits of physical therapy is also creating new opportunities.
Threats: Alternative treatment options like chiropractic care, physical therapy, and pain medications pose threats to cervical traction collars market. Issues with improper fit and alignment while wearing traction collars can reduce their effectiveness.
The global Cervical Traction Collars Market Demand is estimated to be valued at US$ 2.53 Bn or Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Key Takeaways
The global cervical traction collars market is expected to witness high growth, exhibiting CAGR of 8.4% over the forecast period, due to increasing prevalence of cervical spondylosis and neck arthritis among elderly. Asia Pacific is expected to be the fastest growing market due to rising healthcare standards and growing medical tourism in countries like India and China.
Regional analysis
North America is currently the largest market for cervical traction collars owing to advanced healthcare facilities and growing awareness about neck issues. The Asia Pacific region is anticipated to exhibit significant growth in the coming years attributed to improving economic conditions, access to healthcare, rising health insurance penetration in many developing countries like India and China.
Key players
Key players operating in the global cervical traction collars market include Meditrac, Trulife, Everyway Medical Instruments Co. LTD, Enovis (DJO, LLC), Orthoservice AG, Aurora Health & Beauty Inc., Compass Health, Advanced Orthopaedics, Disc Disease Solutions, Inc., Jiangsu Folee, Baker Medical., Tynorindia, SCOLIOLIFE, and Pettibon System. These players are focusing on new product launches and geographical expansion to consolidate their market presence.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
