The Global Cervical Traction Collars Market Propelled By Growing Adoption In Orthopedic Applications
The global cervical traction collars market is primarily driven by rising prevalence of cervical herniated discs, neck injuries along with surge of orthopedic applications. Cervical traction collars are neck braces used to stretch and align cervical spine suffering from herniated discs, muscle strains or fractures to provide pain relief by reducing associated pressure. These collars are lightweight and easy to use allowing patients to utilize them daily without disrupting routine activities. The increased adoption of cervical collars in physiotherapy for various spinal disorders has propelled market growth significantly.
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 growing adoption in orthopedic applications is one of the major trends driving the global cervical traction collars market. Cervical traction collars are widely used by physiotherapists and orthopedic professionals as a primary treatment alternative for patients suffering from herniated discs, spondylosis or spondylotic myelopathy. They provide gentle distraction of the cervical spine allowing soft tissues like ligaments, muscles to heal by decompressing discs and nerve roots. This leads to reduced pain and mobility for patients. With rising prevalence of cervical herniated discs globally, use of cervical collars as first-line treatment under medical guidance has increased significantly. The availability of medical reimbursement for cervical collars in developed regions is further supporting their increased orthopedic adoption.
SWOT Analysis
Strength: Cervical traction collars are easy-to-use and require minimal medical supervision. They provide relief from neck pain by gently stretching the cervical spine.
Weakness: Long-term usage can cause discomfort and skin irritation. Non-compliance to usage guidelines may worsen the condition.
Opportunity: Growing geriatric population and rising incidence of orthopedic diseases drive the market. Untapped markets in developing nations present opportunities.
Threats: Alternative treatment options like physiotherapy pose competition. Economic slowdowns can impact market growth.
Key Takeaways
The Global Cervical Traction Collars Market Demand is expected to witness high growth over the forecast period of 2023 to 2030, owing to rising cases of orthopedic disorders.
Regional analysis: North America currently dominates the market and is expected to maintain its leading position through 2030. Higher healthcare spending and availability of advanced products support market growth. Asia Pacific is expected to be the fastest growing region on account of expanding medical infrastructure and growing medical tourism industry.
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., Hangzhou Botanical Technology Co., Ltd., Novoherb Technologies, Jiangsu Changhai Food Additive Co., Ltd., Xian Sost Biological Science & Technology Co., Ltd., Xi'an Plant Bio-Engineering Co., Ltd. Innovation in product design and materials is a key focus area.
Get more insights on this topic:
https://insightskies12.blogspot.com/2023/12/cervical-traction-collars-market-is.html
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian