Global Canes and Crutches Market: Overview
Canes & crutches are the personal mobility equipment that helps in enhancing the quality of life of the geriatric population and people with disabilities. These products are assistive equipment that assists an individual in having a walking problem or ambulation. Additionally, a rise in the cases of rheumatoid arthritis is the key aspect that is predicted to severely affect the movement of patients, thereby resulting in a massive need for canes & crutches.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Canes and Crutches Market: Growth Factors
Rise in the number of knees, hip, and joint replacement surgeries along with the rise in the number of vehicle collisions resulting in limb amputation of the patients with major injuries will boost the scope of the business. Apart from this, the products are used massively by the aging population susceptible to diminishing limb movements due to chronic ailments, leg injuries, and constant falls. Furthermore, a rise in the occurrence of osteoporosis, ankylosing spondylitis, and arthritis coupled with various kinds of government initiatives for disabled persons will propel the canes and crutches market expansion. Moreover, an increase in the number of people with disabilities will enhance market revenue. Governments are providing grants to build a strong platform for canes and crutches business in the near future.
Furthermore, the number of surgeries is anticipated to increase as a result of musculoskeletal ailments related to sports, age-related issues, and occupational wounds. This, in turn, is projected to drive the expansion of canes and crutches market over the upcoming period. Nevertheless, the stigma associated with the use of the product can hinder the business expansion over the estimated timeline.
Global Canes and Crutches Market: Segmentation
The canes and crutches market can be sectored into product, accessories, and distribution channel. Based on the product, the canes and crutches industry can be segregated into canes and crutches. Canes are sub-segmented into folding canes, offset canes and quad canes. Crutches are sub-divided into axillary crutches and forearm crutches. On the basis of the distribution channel, the canes and crutches market is classified into hospital pharmacies, online stores, and medical retail stores.
Global Canes and Crutches Market: Regional Analysis
The European region is likely to dominate the overall market growth over the estimated timeline in terms of volume as well as earnings. The regional growth can be attributed to inflation in the disabled individuals, rise in the aging population, and favorable compensation policies in the region. Apart from this, the surge in the number of movement disorders among the European population has generated more need for canes and crutches, thereby driving the regional market progress.
Moreover, the canes and crutches market in the Asia Pacific is projected to experience immense growth over the assessment period. The growth can be credited to the increasing healthcare spending along with the bulge in the aging population. With a massive frequency of mobility disorders, Latin American market growth is anticipated to gain traction over the years ahead.
Furthermore, an increase in the number of individuals with orthopedic infirmities in countries such as Canada and the U.S. will generate humungous demand for canes and crutches market in North America.
Global Canes and Crutches Market: Competitive Players
Few of the main participants in canes and crutches market are NOVA Medical Products, Drive DeVilbiss Healthcare, Ergoactives, Cardinal Health, Inc., GF Health Products, Inc., Medline Industries, Inc., Invacare Corporation, and Sunrise Medical.
Global Canes and Crutches Market: Regional Segment Analysis
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