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| Global Cervical Traction Collars Market |
Cervical
traction collars aid in relieving neck pain and are often prescribed to
patients suffering from degenerative disc disease, herniated discs, spine
injuries and other cervical issues. These collars help reduce pressure on the
cervical spine through gentle pulling of the head and neck. Commonly used in
home care settings, cervical traction collars are an affordable and effective
option for administering traction therapy. They provide the benefits of
cervical traction using simple mechanics without needing complex equipment or
professional supervision. The inflatable collars come with adjustable air
bladders and straps to customize the amount of traction based on the user's
condition and pain level.
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 key trends:
The
increasing prevalence and awareness of degenerative disc disease is a major
driver augmenting the demand for cervical traction collars. It is estimated
that over 60-80% of the global population is affected by degenerative disc
disease at some point in life. As a non-invasive and affordable treatment
option, cervical traction collars see considerable demand from home care
settings for managing neck pain symptoms. Technological advancements are also
fueling new product launches, with collars featuring ergonomic designs,
inflatable air cell technology for customized traction levels and built-in
heat/cold therapy capabilities. Additionally, easy availability through
e-commerce sites and healthcare product distributors is boosting the overall accessibility
of cervical traction collars worldwide.
Porter's Analysis
Threat of new entrants: The global cervical traction collars market has
moderate threat of new entrants as it requires significant R&D investments
and certification.
Bargaining power of buyers: Buyers have moderate bargaining power as there are
many established players in the market providing cervical traction collars.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power
as raw materials for cervical traction collars manufacturing are easily
available.
Threat of new substitutes: The threat from substitutes is low as there are
limited alternatives available for cervical traction collars.
Competitive rivalry: The competitive rivalry in the market is high due to
presence of many established players.
Key Takeaways
The
Global
Cervical Traction Collars Market Demand is expected to witness high
growth during the forecast period. Regionally, North America is expected to
dominate the market owing to increasing cervical spondylosis cases and
availability of advanced healthcare infrastructure in the US and Canada.
Regional analysis: North America is projected to dominate the global cervical
traction collars market during the forecast period. This is attributed to
increasing prevalence of cervical spondylosis and technological advancements in
cervical traction collars by key players in the region.
Key players: Key players operating in the cervical traction collars market are
Shaanxi Undersun Biomedtech Co., Ltd., Tocris Bioscience (Bio-Techne
Corporation), 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.
Get
more insights on this topic:
https://www.marketwebjournal.com/global-cervical-traction-collars-market-size-market-share-analysis/
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