PUBLISHER: Grand View Research | PRODUCT CODE: 1363129
PUBLISHER: Grand View Research | PRODUCT CODE: 1363129
The global cervical pillows market size is expected to reach USD 6.1 billion by 2030, registering a CAGR of 4.1% from 2023 to 2030, according to a new report by Grand View Research, Inc.. 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 the 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, the disposable income of the populace in the 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).