Global Cervical Traction Collars Market Size and Trends
Global cervical traction collars market is estimated to be valued at US$ 2.53 Billion in 2023, exhibiting a CAGR of 8.4% during the forecast period (2023-2030).
Figure 1.Global Cervical Traction Collars Market Share (%), By Product Type, 2023
Global Cervical Traction Collars Market- Drivers
- Increasing Availability of Adjustable Cervical Traction Collars: Increasing availability of various adjustable cervical traction collars in the market for patients suffering from various indications such as cervical spondylosis, forward head, degenerative disk disease, scoliosis, and others by the market players is expected to drive the market growth over the forecast period. For instance, Meditrac Medical Equipment Ltd, a medical device manufacturing company offers various adjustable cervical traction collars in their product portfolio such as CERVICO2000, and others. CERVICO2000 is an adjustable cervical traction collar, and is designed to treat acute and chronic neck pain. Trulife, a medical device company, offers various adjustable cervical traction collars in their product catalog including A267 Pneu-Trac Traction Collar and others. A267 Pneu-Trac Traction Collar is a lightweight, pneumatic, mobile cervical traction device with adjustable height option.
- Increasing Prevalence of Various Spine Problems: Increasing prevalence of various spine problems such as cervical spondylosis, forward head, degenerative disk disease, scoliosis, and others is expected to drive the market growth over the forecast period. For instance, in July 2022, according to the cross sectional study published in International Journal of Health Sciences and Research, in the U.S. the prevalence of FHP (Forward head posture) was approximately 70% in 2021
Global Cervical Traction Collars Market- Segmentation
Global cervical traction collars market is segmented into product type, application, end user, and region
- Based on Product Type, the market is segmented into fixed and adjustable. Out of which, adjustable segment is expected to dominate the global cervical traction collars market during the forecast period, owing to increasing product launches by key players in the market.
- Based on Application, the global cervical traction collars market is segmented into cervical spondylosis, forward head, degenerative disk disease, scoliosis, and others (spinal stenosis and others). Out of which, cervical spondylosis segment is expected to dominate the market over the forecast period, owing to increasing prevalence of cervical spondylosis globally.
- Based on End User, the global cervical traction collars market is segmented into hospitals, clinics, rehabilitation center, academic and research institutes, and other (ambulatory surgical center and others). Out of which, hospitals segment is expected to dominate the market over the forecast period, owing to rising cases of various spine injuries caused such as cervical spondylosis, forward head, degenerative disk disease, scoliosis, and others.
- Based on Region, the global cervical traction collars market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. Out of which, North America is expected to dominate the market over the forecast period, owing to increasing inorganic growth strategies such as collaboration by key players in the region.
- Among all segmentation, end user segment has the highest potential due to increasing cases of various spine injuries such as cervical spondylosis, forward head, degenerative disk disease, scoliosis, and other. For instance, in March 2022, according to the report published by National Spinal Cord Injuries statically center, in the U.S., the annual incidence of traumatic spinal cord injury (SCI) is approximately 54 cases per one million people in the U.S. In 2021, 18,000 new SCI cases are reported every year.
Global Cervical Traction Collars Market: Key Trend
- Increasing prevalence of various spine cord disorders such as vertebral fractures and others: Increasing prevalence of various types of spinal cord disorders such as vertebral fractures and others is expected to foster the market growth over the forecast period. For instance, in April 2022, according to the report published in National Center for Biotechnology Information, reported that, in the U.S. the prevalence of vertebral fractures is found to be approximately 11.8%-18.3% each year
Global Cervical Traction Collars Market– Impact of Coronavirus (COVID-19) Pandemic
- Coronavirus disease 2019 (COVID-19) is a highly contagious infectious disease caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). According to the World Health Organization (WHO) 4.1 million people were affected globally till March 12, 2022.
- However, the COVID-19 pandemic had a negative impact on the global cervical traction collars market growth due to cancellation of the scheduled spine appointments. For instance, in March 2021, according to the report published by Asian Spine Journal, elective surgeries were cancelled, and only urgent surgeries were performed in order to help spine physicians. French Spine Society (SFCR) dictated guidelines from health authorities by using a three-level scale (urgent, semi-urgent, and non-urgent procedures) for establishing surgical priorities.
- Furthermore, from the same source above, on March 16, 2020, 93 non-urgent elective spine surgeries that were scheduled for April 2020 were cancelled.
Market Trends: The market is anticipated to show promising growth trends due to increasing awareness about spinal health and the rising prevalence of spine-related disorders.