The global cervical collars market has the potential to grow by USD 63.23 million during 2019-2023 and the market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by geography (Asia, Europe, North America, and ROW) and product (rigid and semi-rigid cervical collars and soft cervical collars). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Ambu AS, Aspen Medical Products, Biomatrix Srl, Colfax Corp., Dynatronics Corp., Laerdal Medical, Me.Ber. Srl Unipersonale, Oscar Boscarol Srl, Össur hf, Thuasne Group, and Tynor Orthotics Pvt. Ltd.
Market Overview
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Market Competitive Analysis
The market is fragmented, and the degree of fragmentation will decrease during the forecast period. Market vendors are adopting various strategies, such as M&As to expand their product portfolio and increase their market presence and sales of orthopedic product ranges. Ambu AS, Aspen Medical Products, and Biomatrix Srl are some of the major market participants. Though the accelerating growth momentum will offer immense opportunities, the complications associated with cervical collars will challenge the growth of the market participants. To increase their cervical collars market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this cervical collars market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this cervical collars market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading cervical collar manufacturers, including:
- Ambu AS
- Aspen Medical Products
- Biomatrix Srl
- Colfax Corp.
- Dynatronics Corp.
- Laerdal Medical
- Me.Ber. Srl Unipersonale
- Oscar Boscarol Srl
- Össur hf
- Thuasne Group
- Tynor Orthotics Pvt. Ltd.
Cervical Collars Market: Segmentation by Region
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North America was the largest market for cervical collars in 2018, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing geriatric population, growing incidence of spinal fractures, and the rising prevalence of traumatic head and neck injuries are contributing to the growth of the cervical collars market in this region.
Over 43% of the market’s growth will originate from North America during the forecast period. The US is a key market for cervical collars in North America. However, market growth in this region will be slower than the growth of the market in Asia and Europe.
Cervical Collars Market: Segmentation by Product
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Market vendors are focusing on the development of advanced cervical collars that are compatible with diagnostic procedures such as X-ray, computed tomography (CT), and magnetic resonance imaging (MRI). The availability of advanced cervical collars and the presence of several vendors manufacturing rigid and semi-rigid cervical collars are some of the factors responsible for cervical collars market growth in this segment.
Market growth in this segment will be faster than the growth of the market in the soft cervical collars segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the cervical collars market size.
Cervical Collars Market: Key Drivers and Trends
The increasing prevalence of head and neck injuries will be a significant factor driving the growth of the cervical collars market. Cervical collars are widely used in neck pain and neck surgeries for cervical spine injuries and excessive twisting of the spine. The incidences of head and neck injuries is also rising with the increasing number of road accidents and sports-related injuries. Moreover, the need for vertebral surgeries such as laminectomy to treat spinal arthritis in geriatric population is increasing. These factors are expected to boost the demand for cervical collars and drive cervical collars market growth during the forecast period.
- The market is witnessing several product enhancements that reduce the complications associated with its application and minimize the risk of skin infections.
- The patented intuitive design and height adjustability features of Miami J Select range of cervical collars offered by Össur enhance post-operative comfort and ensures proper alignment of the spinal cord.
- These cervical collars are also integrated with specialized Sorbatex padding that inhibit microbial growth in the area of contact with the cervical collar.
- Market vendors are focusing on minimizing the probability of the removal of cervical collars by developing products that are compatible with diagnostic procedures, such as CT and MRI.
- The development of advanced products, which is one of the critical cervical collars market trends will increase patient compliance and consequently fuel market growth.
- During 2019-2023, the cervical collars market will grow at a CAGR of almost 5%.
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Cervical Collars Market: Key Highlights of the Report for the Forecast Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the emergency cervical collars market during the next five years
- Precise estimation of the global cervical collars market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the cervical collars industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of cervical collars vendors
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