GLOBAL CERVICAL TRACTION COLLARS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Global Cervical Traction Collars Market, By Product Type (Fixed, Adjustable), By Application (Cervical Spondylosis, Forward Head, Degenerative Disk Disease, Scoliosis, Others (Spinal Stenosis and Others)), By End User (Hospitals, Clinics, Rehabilitation Center, Academic and Research Institutes, Other(Ambulatory Surgical Center and Others)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Global Cervical Traction Collars Market- Regional Analysis

Among region, North America is expected to dominate the market over the forecast period, owing to increasing prevalence of various spine indications such as spinal stenosis, and others, and this is expected to drive the market growth over the forecast period. For instance, on February 21, 2023, according to the report published by the JAMA Network, an open access medical Journal published by the American Medical Association, lumbar spinal stenosis affects approximately 11% of older adults in the U.S. every year, whereas approximately 20% of adults older than 60 years have spinal stenosis on imaging scans, more than 80% do not experience symptoms.
Europe region is expected to be the second largest region over the forecast period, owing to increasing grant from the non-departmental public body for treatment of patients suffering by spine problems such as spine pain and others. For instance, in September 2022, The U.K.-based Brain & Spine Foundation, announced that Brain & Spine Foundation has been awarded a US$ 330,917 grant over three years from The National Lottery Community Fund, a Non-departmental public body.

Figure 2. Global Cervical Traction Collars Market Share (%), By Region, 2023