by Cervical traction collars are medical devices used to support and treat neck pain issues like muscular strains, soft tissue injuries, whiplash, and cervical spondylosis. They work by applying gentle extending force to the spine which relieves pressure on discs or nerves of the neck. Cervical traction collars are lightweight and comfortable with features like adjustable velcro straps, chin support, and occipital support to stabilize the cervical spine. They provide pain relief, reduce muscle spasms, and improve posture. The need for cervical collars is increasing significantly owing to rising cases of neck injuries from road accidents, sports injuries, work-related wear and tear.
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 from 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. Major players are focusing on new product launches, geographical expansion, and mergers & acquisitions to strengthen their market presence.
The growing awareness and focus towards rehabilitation and pain management are driving significant opportunities in the market. Players are focusing on developing innovative collar designs with advanced features like pulsation, heating, and mobile integration for a more effective treatment experience.
The rising medical expenditures and improved access to healthcare in developing countries like China, India will further support the global expansion of the cervical traction collars market. Players are investing in these emerging countries to tap the untapped growth potential.
Market drivers
The rising prevalence of musculoskeletal disorders associated with sedentary lifestyles and obesity is a major market driver. According to studies, neck pain affects nearly one-third of the adult population at some point in their lifetime leading to high demand for cervical collars. Further, increasing investments by leading players for digital innovation in collars coupled with the growing popularity of online shopping will continue to boost the market demand through 2030.
PEST Analysis
Political: Cervical traction collars market is affected by healthcare policies and regulations set by governments across the globe for medical devices.
Economic: Changes in economic conditions like fluctuations in disposable income affect spending behavior of consumers on healthcare products and thus impact the cervical traction collars market.
Social: Increasing popularity of active lifestyles and rising incidence of sports injuries and neck-related issues influence the demand for cervical traction collars in the society.
Technological: Advancements in materials used for manufacturing cervical collars and integration of technologies like adjustable straps, inflatable bladders enhance product efficacy and comfort, driving their adoption in the cervical traction collars market.
Europe holds the largest share of the global cervical traction collars market in terms of value owing to high awareness regarding cervical issues and easy availability of advanced treatment options. The presence of leading medical device manufacturers also supplements market growth.
The cervical traction collars market in Asia Pacific is estimated to exhibit the highest CAGR during the forecast period. This can be attributed to rising health expenditure, growing middle-class population, and increasing incidence of orthopedic disorders due to sedentary lifestyle and unhealthy diets in densely populated countries like China and India.
