by Cervical traction collars aid in reducing neck pain caused due to sprains and injuries by applying gentle traction. They provide support and immobilization to the neck region allowing it to heal. The increasing participations in sports and workout activities have resulted in higher risks of neck injuries. Moreover, sedentary lifestyle and improper posture have contributed considerably to the rising cases of neck issues. As per recent studies, neck pain is one of the most common musculoskeletal problems across the globe.
The global Cervical Traction Collars Market is estimated to be valued at US$ 363.5 million in 2023 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:
Technological advancements in cervical traction collars have aided in driving their adoption. Manufacturers are developing cervical traction collars embedded with sensors and micro-chips that can precisely measure and adjust the applied traction according to the patient’s condition and recovery progress. These smart cervical collars provide customized traction therapy minimizing manual errors. Their ability to generate and store usage data assisting doctors in evaluating treatment effectiveness is encouraging their use among healthcare professionals.
SWOT Analysis
Strength: Cervical traction collars provide pain relief and improve mobility for patients suffering from neck injuries or cervical spondylosis. They are simple, non-invasive devices for neck pain management.
Weakness: Prolonged usage of cervical traction collars can lead to discomfort, irritation and exacerbation of symptoms in some cases. Improper fitting or excessive tightening can cause additional health issues.
Opportunity: Rising geriatric population driven by increased life expectancy coupled with growing prevalence of cervical spondylosis presents many growth opportunities. Untapped rural areas especially in developing nations offer scope for market expansion.
Threats: High costs associated with surgical treatments for cervical issues make substitutes like physical therapy and medications more preferable at times. Stiff competition from local players challenging established brands through low pricing.
Key Takeaways
The Global Cervical Traction Collars Market Size is expected to witness high growth driven by rising incidence of neck injuries from road accidents and sports, growing number of patients seeking non-invasive pain relief options. The global Cervical Traction Collars Market is estimated to be valued at US$ 363.5 million in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023 to 2030.
North America currently holds the largest share owing to advanced healthcare infrastructure, high healthcare spending and presence of key market players. The Asia Pacific region is estimated to grow at the fastest pace during the forecast period due to rapidly expanding medical tourism industry in countries like India and China.
Key players operating in the cervical traction collars market include DJO Global, Colfax Corporation (US), Össur (Iceland), Alex Orthopedic, Inc., Medline Industries, Inc. and Mika Medical Co. These players focus on strengthening their product portfolio through continuous product innovations. Strategic collaborations and partnerships are also common in this competitive landscape to gain geographic expansion opportunities. Market leaders enjoy a competitive advantage owing to their well-established supply chains and global distribution channels.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
