Global Cervical Traction Collars Market is Estimated to Witness High Growth Owing to Rising Geriatri

Author : naufan cmi | Published On : 17 Jan 2024

Global cervical traction collars Market have become essential medical devices for treating cervical problems. Cervical traction collars help in alleviating pain by improving posture and relieving pressure on the cervical vertebrae. With growing geriatric population worldwide, cases of cervical spondylitis and other cervical problems have risen substantially. The geriatric population is more susceptible to musculoskeletal disorders due to weakening bones and joints with old age. This has boosted the demand for effective and convenient pain relief solutions like cervical traction collars.

The global cervical traction collars Market is estimated to be valued at US$ 350 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
The rising geriatric population, which is one of the key drivers, has resulted in a surge in cervical problems like spondylitis. As per the United Nations, the number of people aged 60 years and above will nearly double from 962 Mn in 2017 to about 2.1 Bn by 2050. With advanced age, the wear and tear of bones and joints increases the likelihood of degenerative diseases affecting the cervical vertebrae. Cervical traction collars assist in reducing pain and restoring mobility by applying gentle traction to the neck. Their non-invasive nature and ease of use have made them popular self-care options for treating cervical issues without medical intervention. Further, growing awareness about these devices through online channels and medical professionals is propelling the cervical traction collars market growth.

SWOT Analysis
Strength: Cervical traction collars provide relief from neck pain caused by conditions like herniated discs or muscle strains. The collars help align the cervical spine and apply traction gently over time allowing healing. They are portable and patients can wear them comfortably at home or work. This allows for consistent treatment without visiting a doctor or physical therapist regularly.

Weakness: Traction collars require proper fitting and adjustment to work effectively. If not fitted correctly, they may pinch nerves or blood vessels and cause additional pain. Some patients find the collars uncomfortable to wear for long periods. They are also not a replacement for medical evaluation and may delay proper treatment in some cases.

Opportunity: An aging global population is driving higher rates of degenerative cervical conditions. Traction collars offer a convenient non-invasive option for initial pain relief allowing patients to delay or avoid surgical interventions. With innovations in materials and designs, newer collars are more adjustable and comfortable to wear compared to early models.

Threats: Alternative non-pharmaceutical treatments like acupuncture, chiropractic care and physical therapy are gaining popularity. Their holistic approaches address the underlying causes of neck issues rather than just pain relief. Direct-to-consumer sales of traction devices by online retailers also increase price competition in the market.

Key Takeaways
The Global Cervical Traction Collars Market Size is expected to witness high growth. The global cervical traction collars Market is estimated to be valued at US$ 350 Mn in 2023 and is expected to exhibit a CAGR of 5.1% over the forecast period 2023-2030.

North America currently dominates the market due to high awareness levels, advanced healthcare infrastructure and favourable reimbursement policies in countries like the United States. However, Asia Pacific is expected to be the fastest growing regional market led by rapidly improving access to healthcare services in China and India as well as growing medical tourism sectors.

Key players operating in the global cervical traction collars market are Bird & Cronin, OPTP, Bauerfeind, Crypton, DeRoyal Industries and Trulife. These companies offer a variety of collars designed for specific conditions and adjustable for individual needs. Beyond traditional design improvements, some brands are exploring portable electric traction units integrated into collars for performance optimization. Overall, increased accessibility and innovations are poised to further drive long term adoption of cervical traction therapies.

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