Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1112.27 Million | USD 1638.53 Million | 3.95% | 2024 |
The global canes and crutches market size was worth around USD 1112.27 Million in 2024 and is predicted to grow to around USD 1638.53 Million by 2034 with a compound annual growth rate (CAGR) of roughly 3.95% between 2025 and 2034.
The report analyzes the global canes and crutches market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the canes and crutches industry.
The factors driving the expansion of the global canes and crutches market include a spike in the volume of knee, hip, and joint replacement surgeries, an increase in car collisions, and a prevalence of chronic illnesses. Canes and crutches are in high demand because seniors are more likely to suffer from musculoskeletal problems or other orthopedic conditions. Furthermore, regional acquisitions by key players are projected to boost the global canes and crutches market growth. Medical device makers are attempting to produce sufficient money in the face of rising manufacturing costs compared to practices. Developing markets in developing countries are expected to play an essential role in providing excellent and improved global market growth possibilities for major industry players looking to increase their geographic reach and operations.
The integration of advanced technology in walking aids is paving the way for the robotic exoskeleton, which is anticipated to fulfill the needs of people who struggle to keep equilibrium while using canes and crutches. Furthermore, regulatory authorities' increased approval of novel designs for clubs and crutches is likely to support the worldwide canes and crutches market expansion throughout the forecast period.
The aging population is likely to pave the way for global market growth
Global population aging will cause a significant rise in the prevalence of fractures in postmenopausal women, thus boosting the global canes and crutches market growth during the forecast period. The aged population is increasing faster than the younger population. This increases chronic diseases, abnormalities, and deterioration of physical functions such as leg and hand mobility. Elderly people are vulnerable to a variety of orthopedic conditions.
The increasing alternatives to the canes and crutches may hamper the global market growth.
The availability of alternatives for canes and crutches will likely limit the growth of the global market during the forecast period. Knee walkers and wheelchairs, for example, can be used in place of canes and crutches. A knee walker features wheels that allow unfettered mobility and does not require any upper body strength. Wheel chairs provide for greater mobility and reduce the danger of pressure ulcers. Such replacement items are estimated to limit the worldwide canes and crutches market's growth.
The global canes and crutches market is segregated based on product, distributional channel, and region.
By product, the market is divided into accessories, canes, and crutches. Among these, the cane segment dominates the market. Cane use has increased as the aging population and the number of people with impairments grows. Growth in the prevalence of disorders such as rheumatoid arthritis and osteoporosis is also a significant driver of the expanding industry.
By distributional channel, the market is classified into hospitals, medical retail stores, online stores, and pharmacies. The online segment dominates the market; increased knowledge of the benefits of purchasing canes and crutches online is expected to enhance sales.
Report Attributes | Report Details |
---|---|
Report Name | Canes and Crutches Market |
Market Size in 2024 | USD 1112.27 Million |
Market Forecast in 2034 | USD 1638.53 Million |
Growth Rate | CAGR of 3.95% |
Number of Pages | 220 |
Key Companies Covered | Drive Devillis Healthcare (Medical Depot Inc), Cardinal Health Inc, Medline Industries Inc, GF Health Products Inc, NOVA Medical Products, Invacare Corporation, Ergo actives, and Sunrise Medical., and others. |
Segments Covered | By Product, By Distributional Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The rising aging population likely to support North America dominates the global market.
North America dominates the global canes and crutches market. The region's expanding aging population, the high prevalence of ailments such as osteoarthritis & osteoporosis, and developed health systems are some of the primary factors for its vast market share. Also, with favorable healthcare regulations, an expanding older population, and an advanced healthcare market, the United States has the highest percentage in this region.
The Asia Pacific is expected to be the fastest-growing regional market during the forecast period. The region also see an increase in start-up businesses investing in the healthcare industry. Furthermore, the launch of advanced designs by the start-up industry is expected to provide substantial growth potential in the canes and crutches market in the coming years.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the canes and crutches market on a global and regional basis.
The global canes and crutches market is dominated by players like:
The global canes and crutches market is segmented as follows;
By Product
By Distributional Channel
By Region
FrequentlyAsked Questions
Leading players in the global canes and crutches market include Drive Devillis Healthcare (Medical Depot Inc), Cardinal Health Inc, Medline Industries Inc, GF Health Products Inc, NOVA Medical Products, Invacare Corporation, Ergo actives, and Sunrise Medical., among others.
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