Cervical traction collars are medical devices used for relieving pain caused due to neck or back injuries or disorders such as degenerative disc disease, herniated discs, and cervical spondylosis. They help reduce discomfort and facilitate healing by supporting the neck and preventing unwanted cervical movement. The global cervical traction collars market is driven by the rising geriatric population and growing prevalence of neck injuries and degenerative spinal conditions.
The Global Cervical Traction Collars Market is estimated to be valued at US$ 2.92 Mn in 2024 and is expected to exhibit a CAGR of 5.1% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in The Global Cervical Traction Collars are LVMH Mo«t Hennessy Louis Vuitton SE, Kering S.A., Adidas AG, Hermà ̈s International S.A., Dolce & Gabbana Luxembourg S.à .r.l., Overseas Leather Goods Company Pvt Ltd, Tata International Ltd, Chanel International B.V., Prada S.p.A, and Ralph Lauren Corporation. These major players are focusing on new product launches and strategic collaborations to expand their market share.
The key opportunities in the global cervical traction collars market include rising healthcare expenditure in emerging economies and growing research & development activities to develop advanced cervical traction devices. Major players are expanding their presence in developing regions of Asia Pacific and Latin America to capitalize on the high growth potential.
In terms of global expansion, companies are focusing on strategic partnerships and mergers & acquisitions to strengthen their product portfolio and distribution networks worldwide. Favorable regulations and increasing awareness are also expected to support market growth in regions such as Europe and North America over the forecast period.
Market Drivers
One of the major drivers for the global cervical traction collars market is the increasing prevalence of degenerative disc disease. According to studies, over 60-80% of the global population experiences neck pain caused due to degenerative disc disease at some point in their lifetime. Cervical traction collars provide non-surgical treatment and pain relief for such conditions, thereby driving their adoption.
Market Restraints
Lack of awareness regarding the proper use of cervical traction collars and their potential side effects such as skin irritation can limit the growth of this market. Complications may arise if collars are worn for longer durations than prescribed by doctors. Educating patients and implementing stringent quality controls can help address these issues.
Segment Analysis
The global cervical traction collars market is dominated by the standard cervical traction collars sub segment. Standard cervical traction collars are basic traction collars that incorporate pads and a chin support to apply gentle and consistent pressure on the cervical area. They are widely used to treat conditions like spinal injuries, slip discs and cervical pain caused by sports injuries or whiplash. Standard cervical traction collars provide a simple and affordable solution for patients suffering from minor cervical issues and also help improve mobility. Hence this sub segment accounts for over 60% of the global cervical traction collars market share.
Global Analysis
North America dominates the global cervical traction collars market with the largest market share currently. Increased awareness about neck care and regular use of traction collars for managing sports injuries and work-related musculoskeletal disorders are major factors propelling demand in the region. Asia Pacific exhibits the fastest growth rate among other regions during the forecast period. Rapid economic development, rising health awareness and growing population in countries like China and India offer lucrative opportunities for market expansion. Widespread adoption of cervical collars to treat neck issues resulting from vehicular accidents also stimulates the Asia Pacific market.
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