Market Overview:
They aid in the slow distraction and alignment of vertebrae by applying gentle continuous distraction forces to the cervical spine area. The commonly used materials for collars include pre-shaped plastic or foam collar with Velcro closures and inflatable air pillow cervical collars. They provide relief for patients suffering from cervical spondylosis, herniated disc, and other cervical musculoskeletal injuries or conditions.
Market Dynamics:
The increasing geriatric population prone to cervical disorders and rising cases of cervical injuries are expected to drive the global cervical traction collars market growth over the forecast period. As per the World Health Organization estimates, by 2050 around 16% of the world’s population will be over 65 years of age. Aging decreases muscle strength and bone density which increases the risk of injuries like fractures and musculoskeletal disorders in the cervical region. In addition, rising participation in sports and exercise activities has led to high incidence rates of sports-related cervical injuries globally which is further propelling the market growth. However, alternative non-invasive treatment options like physiotherapy, pain medication, and neck exercises provide competition to cervical collars. This may hamper the market growth to some extent during the forecast period.
Segment Analysis
The global cervical traction collars market is dominated by the soft collars segment. Soft collars are preferred more as they are easy to use and can be worn comfortably for extended periods. They help in realigning the neck and reducing pressure and pain.
PEST Analysis
Political: Regulations related to product design, safety, and quality influence the market. Standards ensure products are effective and safe.
Economic: Rising disposable incomes fuel market growth. However, high treatment costs in some regions constrain the market.
Social: Growing awareness about spinal/posture care, and increasing rates of neck injuries and bone/joint disorders drive demand.
Technological: Development of innovative materials, advanced designs, and tracking systems enhance product efficacy and user comfort.
Key Takeaways
The global Cervical Traction Collars market is expected to witness high growth, exhibiting a CAGR of 8.4% over the forecast period, due to increasing incidence of neck injuries and bone/joint disorders.
The North American region dominates the market owing to rising cervical spondylosis prevalence, growing elderly population, and availability of advanced healthcare facilities. Europe exhibits significant growth due to a rise in neck pain cases and presence of major healthcare companies.
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 players operating in the Cervical Traction Collars market include Meditrac, Trulife, Everyway Medical Instruments Co. LTD, 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. Meditrac leads the market with its diverse product portfolio and global distribution network. Trulife focuses on advanced design and tracking features in its collars.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
