The canes and crutches industry is witnessing robust growth owing to growing geriatric populations, arthritis, musculoskeletal disorders, ankylosing spondylitis, and rising incidence of osteoporosis, and accidental disabilities. Additionally, distribution channels for these devices, such as online stores and medical retail stores, are seeking widespread attention from the large consumer base, therefore thriving the demand for canes and crutches across the global market.
Markntel Advisor’s Global Canes & Crutches Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Canes & Crutches Market drivers, barriers, Canes & Crutches Technology Trends, and Key Players in Global Canes & Crutches Market.
Key Takeaways from the Report:
- As per Markntel Advisors estimates, the North American region holds the potential share and is expected to flourish in the upcoming years. This significant growth is further attributed to the rise in healthcare spending & a rising geriatric population
- Based on the End User, Online Stores captured a dominant share of the Canes & Crutches Market during 2022 and are expected to be one of the lucrative distribution channels in the years ahead due to the increasing popularity of online purchases & the availability of better rates with discounts.
- Notable Canes & Crutches companies such as Drive DeVilbiss Healthcare Ossenberg GmbH, Ergoactives, NOVA Medical Products, GF Health Products Inc., Sunrise Medical Limited, Besco Medical Co., Ltd, Invacare Corporation, Medline Industries, Inc., Cardinal Health, Inc, Ottobock, and Others are currently operating in the growing industry.
Canes & Crutches Overview
Canes & crutches are mobility aids designed to assist individuals with walking and maintaining balance, particularly when they have physical limitations or injuries affecting their ability to walk without support.
Canes & Crutches Market Insights
According to the recent report published by Markntel Advisors, the Global Canes & Crutches industry size was valued at USD 750 million in 2022 and is estimated to grow at a CAGR of around 4.1% during the forecast period, i.e., 2024-30. North America canes and crutches industry is dominating with the substantial growth and expansion. This is due to the improvement in the healthcare sector, the strong presence of industry players, and advancements in technology. Moreover, the powering investments of government and key players to improve the healthcare sector further supplement the Global Canes & Crutches Market.
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Canes & Crutches Market Dynamics
The Canes & Crutches are significantly seeking widespread attention owing to their low cost and improved stability, therefore capturing the industry expansion. Elderly individuals are more likely to have a musculoskeletal disorder or other orthopedic conditions, which further helps to augment the demand for canes & crutches worldwide. Moreover, growing geriatric or elderly population across numerous countries worldwide is influencing the demand graph for canes & crutches. Additionally, the rising prevalence of conditions like rheumatoid arthritis and other disabilities is actively propelling the expansion of the Canes & Crutches Market.
Canes & Crutches Market Segmentation:
- Canes & Crutches Market By Product Type: Canes, Folding Canes, Quad Canes, Offset Canes, Crutches, Axillary Crutches, Forearm Crutches, Accessories
- Canes & Crutches Market By Distribution Channel: Hospital Pharmacies, Medical Retail Stores, Online Stores, Others (Rehabilitation Centers, Physical Therapy Clinics, etc.)
- Canes & Crutches Market By Region: North America, South America, Europe, the Middle East and Africa, and Asia-Pacific
Future Outlook of the Canes & Crutches Industry
As per the analytical report published by Markntel Advisors, the Canes & Crutches industry is anticipated to grow & flourish during the forecast period as the above-stated factors are changing the market landscape and opening doors to the market players. Market players can enhance their market size & revenue by meeting the changing market dynamics and evolving consumer expectations. Additionally, market players with the help of SWOT analysis can adjust their existing settings regarding the evolving market trends, which would ultimately augment the size & volume of the entire industry at the Global level.
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