The global cervical traction collars market offers a wide range of neck traction collars designed to provide support and relief from neck and back pain associated with cervical hernias, injuries, or other spinal issues. Cervical traction collars apply gentle sustained pressure to the neck to help de-compress the vertebrae and discs, reduce inflammation, and relax tight neck muscles. Various styles of collars are available including soft, semi-rigid, and rigid options that can be set at different tension levels as prescribed by physicians. They are usually made of lightweight yet durable materials like nylon or foam for comfort during extended use.
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 Market are LVMH Moët Hennessy Louis Vuitton SE, Kering S.A., Adidas AG, Hermès 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. The rising prevalence of cervical hernias, disc disorders, and neck injuries worldwide is fueling demand for cervical traction collars. Manufacturers are expanding their product offerings and geographic presence across global markets to tap the growth potential.
Growing demand in the market: The increasing incidence of neck and back pain due to stress, obesity, and sedentary lifestyles is driving the need for effective treatment options like cervical traction collars. Favorable reimbursement policies for cervical hernia procedures in developed nations are also encouraging patients to seek care. Various celebrities and sports personalities endorse the benefits of using cervical collars, positively influencing mainstream adoption.
Global expansion of the market: Leading manufacturers are actively pursuing geographical expansion strategies to consolidate their presence and meet the rising demand from emerging economies. International markets in Asia Pacific and Latin America with improving healthcare infrastructure and growing medical Tourism are lucrative investment destinations. Partnerships with local distribution networks help companies penetrate remote and tier 2/3 cities.
Market drivers
One of the key drivers of the global cervical traction collars market is the rapidly growing geriatric population worldwide who are more susceptible to cervical issues due to age-related wear and tear. Older individuals seek assisted relief through traction collars to avoid invasive surgeries. Furthermore, increased participation in sports and recreational activities has led to a rise in neck injuries like herniated discs which is driving demand. Favorable medical reimbursements in developed nations make traction collars a cost-effective treatment option over surgeries or therapies in the long run.
Current geopolitical uncertainties are adversely impacting the growth of the global cervical traction collars market. The ongoing Russia-Ukraine war has severely disrupted supply chains, increased costs of raw materials, and weakened consumer spending in the European region which is a key market. Additionally, renewed lockdowns and restrictions related to the rising COVID cases in China will negatively influence manufacturing and exports from the Asia Pacific region in the near future. To sustain growth, manufacturers must diversify their supplier networks, improve inventory management, shift to more regional production hubs and explore new markets like South Asia and South America to mitigate overdependence on select regions.
In terms of value, the cervical traction collars market is concentrated majorly in North America and Europe as these regions have advanced healthcare infrastructure and systems to support widespread usage of such medical devices. However, Asia Pacific excluding Japan is anticipated to emerge as the fastest growing regional market driven by increasing health awareness, rising per capita incomes and growing medical tourism in developing countries like India, Indonesia and Vietnam. This is encouraging domestic production and stimulating demand for affordable cervical traction collars to manage various neck and spine issues prevalent across vast populations.
The geographical concentration of value in the cervical traction collars market remains currently centered around North America and Europe due to well-established reimbursement mechanisms, higher patient accessibility to specialty care and larger presence of reputed industry players in these regions. Stringent regulations and consistency in product quality standards have carved out these territories as mature and lucrative markets. However, opportunities for stronger growth lie in the Asia Pacific region excluding Japan on account of significant economic expansion, favorable policy support to local manufacturers and expanding health insurance penetration. This is rapidly elevating the purchasing power and spending capacities of Asian individuals on assistive devices and technology for diagnosis, treatment and management of musculoskeletal conditions. Rising medical tourism is providing an extra fillip to the sales potential of cervical traction collars across Asian developing nations.
