Cervical Pillows Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global cervical pillows market size is estimated to reach
USD 5.07 billion by 2025, according to a new report by Grand View Research,
Inc., progressing at a CAGR of 5.10% during the forecast period. Growing
prevalence of neck pain, increasing healthcare spending, and rising disposable
income are among the major factors stoking the growth of the market. However,
lack of awareness regarding cervical pain is anticipated to restrain the market
over the forecast period.
At present,
neck pain is one of the most common health problems. The neck is coordinated
with the spine, nerves, and muscles. Any damage caused to muscles, nerves, or
spine may affect neck. Untreated neck pain can become chronic with time,
generating pain in head, shoulders, and arms. As per the findings of the
National Center for Biotechnology Information, approximately 20.3% of the world
population reported neck pain in early 2017.
In addition,
rising disposable income is enabling people to access improved healthcare
facilities and treatments. According to the Office for National Statistics
2016, disposable income of the populace in U.K. has increased by 2.2% since
2015 and this has also boosted healthcare spending. Overall healthcare spending
increased to 4.6% in 2015, according to Consumer News and Business Channel
(CNBC).
Further key
findings from the study suggest:
- Water-based
cervical pillows are likely to be the fastest growing segment over the
forecast period as these pillows reduce the intensity of pain, provide
pain relief, and improve quality of sleep
- The support
cervical pillows segment is projected to dominate the market owing to
preference of these products for various reasons such as comfort during
travel and improvement of sleep quality
- The Asia
Pacific cervical pillows market is poised to exhibit the highest CAGR over
the forecast period owing to rise in healthcare spending and disposable
income in countries such as Japan and China
- Some of the
prominent companies operating in the market are Mediflow; Coop Home Goods;
Custom Craftworks; Malouf; Snuggle Pedic; and Innocor, Inc.
Access full
research report on global cervical pillows market:
www.grandviewresearch.com/industry-analysis/cervical-pillows-market
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Created on Sep 26th 2019 06:53. Viewed 337 times.