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Cervical Traction Collars Market Is Driven By Increasing Prevalence Of Degenerative Disc Disease

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ashwinicmi
Cervical Traction Collars Market Is Driven By Increasing Prevalence Of Degenerative Disc Disease

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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