Cervical traction collars or neck braces are neck support medical devices designed to relieve neck pain caused by cervical spondylosis or other conditions by applying gentle traction to the cervical spine. Cervical spondylosis is a degenerative condition that affects the bones and discs in the neck, causing pain, numbness, or weakness due to inflammation or compression of spinal nerves. As people age, natural wear and tear can cause the discs in the neck to weaken or breakdown, which leads to bone spurs and accompanying pain and discomfort. Cervical traction collars help alleviate pain by immobilizing the neck and counteracting the forces of gravity to realign the vertebrae and decompress the cervical discs and nerves.
The global Cervical Traction Collars market is estimated to be valued at US$ 770 million in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the global cervical traction collars market is the growing adoption of advanced cervical collars owing to superior functionality and comfort. Manufacturers are focusing on developing innovative cervical collars using lightweight, ergonomic, and breathable materials. For instance, cervical collars integrated with microchips allow real-time monitoring of neck movement and adjustments to traction levels for improved outcomes. Collars with customizable and adjustable anatomical designs conform better to individual needs. Their integrated pulley systems help deliver precise and consistent forces for relief. Moreover, collars are available in various attractive colors and designs to reduce stigma and enhance patient compliance. Such advances are expected to boost the popularity of cervical collars and fuel market growth over the forecast period.
Porter’s Analysis
Threat of new entrants: Low capital requirement for manufacturing prevents high barriers to entry, but established companies have strong brand equity and distribution reach.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes but brand loyalty increases switching costs.
Bargaining power of suppliers: Few raw material suppliers and components import dependence increases supplier power though alternative sourcing options are available.
Threat of new substitutes: Products offering better features pose substitution threat but conformity to medical standards limits frequent disruptions.
Competitive rivalry: Large players compete through innovation, pricing and quality whereas small players target niche segments, competition is strong.
Key Takeaways
The Global Cervical Traction Collars Market Size is expected to witness high growth. The global Cervical Traction Collars market is estimated to be valued at US$ 770 million in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030.
Regional analysis: North America dominates the market currently due to advance healthcare infrastructure and availability of innovative products. Asia Pacific is expected to grow at the fastest pace owing to rising medical tourism,large patient pool and improving access to healthcare.
Key players: Key players operating in the Cervical Traction Collars market are DJO Global, Inc., Össur, Aspen Medical Products, Inc., Bell-Horn, LifeHealthLLC, Trulife.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it