by Cervical traction collars are medical devices used to apply gentle stretching force to the neck. They are designed to position the cervical spine in slight extension in order to decompress both the intervertebral discs and nerve roots. Cervical traction collars provide pain relief and therapeutic stretching to patients suffering from herniated discs, spondylosis, whiplash injuries, and other cervical spine conditions. The devices are available in soft, semi-rigid, or rigid styles and can be worn at home or during physical therapy sessions.
The global Cervical Traction Collars Market is estimated to be valued at US$ 2.53 Bn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Cervical spondylosis is a common degenerative condition caused by normal aging and wear-and-tear in the bones and discs of the cervical spine. It can lead to neck pain, headaches, tingling sensation or numbness in arms. According to the National Institute of Aging, approximately 70% Americans suffer from cervical spondylosis by the age of 65. Cervical traction provided by collars helps in reducing stress and tension in the cervical nerves thereby providing relief from associated symptoms. Moreover, traction collars minimize the need for surgical intervention and are preferred by physicians as well as patients as a first-line, non-invasive treatment option, propelling market growth.
In addition, there has been rapid rise in cases of cervical injuries owing to road accidents and sports injuries globally, especially in developing regions of Asia Pacific and Latin America. For instance, according to Safe Kids Worldwide, road traffic crashes kill more than 225 children aged 14 years or younger every day. Cervical traction provided post injury aids spinal decompression and decreases stress on muscles and tissues to promote healing, thereby increasing adoption of traction collars.
SWOT Analysis
Strength: The global cervical traction collars market has strong growth opportunities due to rising incidences of cervical spondylosis and other spinal injuries. Cervical traction collars offer effective temporary pain relief and help avoid surgery. Manufacturers are developing innovative collars with improved designs and customization options.
Weakness: Cervical traction collars are suitable only for mild to moderate neck pain cases. Prolonged use can cause muscular atrophy and dependency. Alternative treatment methods like physiotherapy are also effective. High costs and lack of insurance coverage can limit adoption in price-sensitive regions.
Opportunity: Growing geriatric population prone to spinal disorders is a key growth driver. rising healthcare spending in developing nations boosts demand. Online sales and direct-to-consumer marketing strategies can help expand reach. Adoption of medical tourism in Asian countries presents lucrative opportunities.
Threats: Compliance issues as collars need to be worn for long hours. Rising popularity of alternative therapies like acupuncture and yoga poses competition. Economic slowdowns can negatively impact discretionary spends on such devices. Stringent regulatory norms governing medical devices increase compliance costs.
Key Takeaways
The Global Cervical Traction Collars Market Demand is expected to witness high growth over the forecast period supported by rising spinal injuries and disorders. The cervical region is highly prone to age-related wear-and-tear and accidental injuries. Rapid expansion of the geriatric population worldwide is a major driver for collar adoption.
Regional analysis: North America currently dominates the market owing to high awareness levels and developed healthcare infrastructure. However, Asia Pacific is expected to register the fastest growth aided by improving access in China and India. Growing medical tourism industries in Southeast Asian countries will also bolster the regional market.
Key players operating in the global cervical traction collars market are Shaanxi Undersun Biomedtech Co., Ltd., BioOrigin, Nature’s Sunshine Products, Inc., Organic Herb Inc., Damin Foodstuff (Zhangzhou) Co., Ltd., Nutra Green Biotechnology Co., Ltd., Xian Yuensun Biological Technology Co., Ltd., Guangxi Yiyuan Biotechnology Co., Ltd., Changsha Heking Bio-Tech Co., Ltd., Hangzhou Botanical Technology Co., Ltd., Novoherb Technologies, Jiangsu Changhai Food Additive Co., Ltd., Xian Sost Biological Science & Technology Co., Ltd., Xi’an Plant Bio-Engineering Co., Ltd. Tocris Bioscience (Bio-Techne Corporation) dominates being a leading manufacturer of medical devices and laboratory reagents. The market is highly competitive with all players focusing on product launches and strategic collaborations for sustainable growth.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
