The Canes and Crutches are projected to grow at a healthy CAGR of 3.52% by 2028
The global canes and crutches market is worth about US $ 957 million in 2021 and will grow to about US $ 1.78 million by 2028, with a growth CAGR of nearly of about 3.52% during the forecast period. The report analyzes the drivers of the canes and crutches market, challenges/constraints, and their impact on demand during the forecast period. In addition, the report analyzes new business opportunities in the canes and crutches.
Canes and crutches are also known as personal mobility aids. This device is widely used to improve the quality of life for the elderly and disabled. This device assists people with difficulty or difficulty walking. There are various types of canes and crutches available on the market, including These devices that help people with disabilities move parts of their body easily without pain. Medical institutions around the world are adopting digital tools to meet changing consumer preferences. They are working to solve long-standing challenges associated with innovations in care models. Against this background, the focus is on making healthcare more affordable and transparent. The introduction of innovative care models in healthcare will have a significant impact on the cane and crutch market.
Rheumatoid arthritis is the main cause of impaired patient movement and requires a large number of canes and crutches. These devices perform many other functions such as B. Improve balance, helping propulsion, reducing stress on one or both lower limbs, and conveying sensory cues through the hands, However, it allows the paralyzed person to benefit from the physiological benefits of an upright posture and to maneuver in inaccessible areas such as wheelchairs. Inform passers-by that users have special considerations, such as crossing the road or getting on a bus. In addition, about 300,000 infants suffer from arthritis and rheumatic diseases.
Also, the most common type of arthritis diagnosed is osteoarthritis, which affects about 31 million Americans. Therefore, according to the data and figures, the demand for canes and crutches as an aid to recovery after orthopedic surgery is expected to increase during the prediction interval. In recent years, the use of mobile devices such as pedestrians, canes, and crutches has been associated with social stigma. In certain cultures, disability is associated with curses, illness, addiction, and helplessness.
The cane and crutch markets are divided by product type and distribution channel. Growth in these segments helps analyze lean growth segments in the industry, provides users with valuable market overviews and market insights, and helps them make strategic decisions to identify core market applications. Based on the product, the market is divided into canes, crutches, accessories, and more. Canes have the highest market share and are expected to dominate the market during the forecast period. The use of canes is increasing due to the growing elderly population and the growing number of people with disabilities. The increasing prevalence of diseases such as rheumatoid arthritis and osteoporosis are also major drivers of growth markets.
North America is anticipated to lead the global market throughout the projection period. Market growth is due to factors such as the rapid growth of the elderly population in the region, the high incidence of diseases such as arthritis and osteoporosis, and the established medical infrastructure. These are some of the key factors that contribute to that large market share. In addition, the increasing number of beneficial government initiatives and research partnerships is part of the impetus for market growth. The United States has the largest share of the region due to supportive healthcare policies, a growing elderly population, and the development of the healthcare market.
Key players functioning in the global Canes and Crutches Market include MEYRA GmbH, Inc., INC, Kaye Products, Inc., Performance Health Holding, LP GF Health Products, Sunrise Medical (US) LLC, Permobil, Inc. Stryker Corporation, Besco Medical Limited, Medline Industries, and Others
• Invacare Corporation, a global medical instrument production, and supplier leader publicized the Hi-tech E-Fix Eco Power Assist device. This device is intended to recast a manual wheelchair into a portable wheelchair via a joystick, battery, and in-wheel motor.
• Nova Medical Products introduced a new medical device, such as the Invacare Quick-Change Crutches. Fabricated from lightweight aluminum, these crutches are a stocky one-piece crutch frame that bestows firmness on the patient. A non-rotating handhold is submerged to control the functioning crutches by adjusting the height of the push button, you can adjust the crutches individually.
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