Global Canes and Crutches Market Share, Size, Growth, Opportunity, Forecast till 2028
Industry Prospective:
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 study duration. Canes and crutches market analysis provides insight into the demand outlook concerning products and distribution channels. It also examines the key strategies adopted by the vendors to increase their sales in the canes and crutches market.
Canes and Crutches Market: Overview
Canes and crutches are personal mobility aids that help older people and people with disabilities improve their quality of life and quality of life. These devices are aids or walking aids intended to assist people who are ambulatory or who can walk and follow surgical procedures. Crutches are additional support for transferring weight from your legs to your upper body. Poles are used as walking aids to help distribute weight across the body, improve stability, and maintain balance.
Covid 19 Impact
There is a growing demand for medicines to treat infected people. Respiratory devices such as nebulizers, life support systems, oxygenators, and monitors are among the most commonly used medical devices in primary care. Additionally, COVID-19 has significantly increased the demand for medical supplies such as personal protective equipment such as masks, gloves, and goggles. As the number of COVID-19 cases increases around the world, the need for medical care from both professionals and civilians continues to grow for preventative measures. Manufacturers of these products have an opportunity to capitalize on this growing demand for medical devices to ensure an adequate and continuous supply of the personal protective equipment market.
Key Insights
• The sales prognosis for canes and crutches is predicted to expand steadily at a CAGR of 3.52 percent.
• Due to the presence of major market competitors and a strong healthcare system, the U.S. will accomplish to be a significant market.
• Due to the high incidence of the elderly population in Europe, Italy, and Germany will have the fastest market growth.
• By offering a variety of canes and crutches to people in one place, online retailers will dominate the distribution channel segment.
• Due to rising healthcare costs in the nation, growth prospects are expected to be favorable in Japan.
Canes and Crutches Market: Growth Drivers
The use of canes is increasing due to the growing elderly population and the growing number of people with disabilities.
The factors driving the growth of the canes and crutches market are the increasing number of knee, hip, and joint replacement surgeries, increasing number of vehicle accidents, rising chronic diseases, and increasing and increasing aging population. With the prevalence of osteoporosis, ankle spondylitis, and arthritis, government initiatives for people with disabilities are increasing. The use of stigma-related products, those who frequently use mobility aids such as stands, scooters, and poles, those who are still uncomfortable using mobility aids, and the aids themselves are the body.
Canes and crutches are seen as symbols of difficulty in activities and may become factors that hinder market growth. A major opportunity for the market of canes and crutches as an emerging nation in the developing regions is the introduction of technologically advanced devices for the disabled.
Canes and Crutches Market: Restraints
The ease of availability of Canes and Crutches alternatives restraints the market growth.
The existence of substitutes for canes and crutches is expected to hinder the growth of the global canes and crutches market. For example, a walker or wheelchair can be used instead of a cane or crutches. Knee runners have wheels that facilitate free movement and don’t require upper body strength. Plus it’s more robust and trouble-free to use. A wheelchair is a device with wheels. Wheelchairs provide more freedom of movement and prevent the risk of pressure points. Such alternative products are expected to slow the growth of the global canes and crutches market.
Canes and Crutches Market: Opportunities
Rising Economic Growth in Healthcare Sector.
Emerging markets in developing countries are expected to provide profitable and better growth opportunities for market participants in the global sugar cane and crutch market and are a key factor in expanding geographic reach and business expansion. will be In addition, healthcare spending has created many opportunities for developing countries to provide better facilities and services to their citizens.
Canes and Crutches Market: Challenges
COVID-19 Outbreak’s adverse effects on the medical device industry
The ongoing COVID-19 pandemic outbreak is having a positive impact on the medical device industry. It affects the market for canes and crutches. Due to this pandemic situation, demand for canes and walking aids has decreased, negatively impacting his supply chain of products. This decline in product demand and supply chain is due to temporary industry closures and blockades of various regional industries, as well as business losses due to large end users. People with disabilities also suffer from pain.
Canes and Crutches: Segmentation
The global canes and crutches market is segregated based on product type, distribution channel, and region.
By Product, 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.
Based on distribution channels, the market is divided into hospital pharmacies, medical retailers, online stores, and more. The online segment recorded the highest market growth rate.
Regional Landscape
North America is expected to influence the overall market during the forecast session. The market growth is due to factors such as the region’s rapidly increasing geriatric population, high incidence of diseases such as arthritis and osteoporosis, and well-established medical infrastructure. These are some of the key factors contributing to this large market share. In addition, an increasing number of beneficial government initiatives and research partnerships are some of the drivers of market growth. The United States holds the largest share in the region due to its supportive healthcare policies, growing aging population, and developing healthcare market.
Competitive Landscape
Major players in Canes and Crutches Market include Permobil, Inc. Stryker Corporation, Besco Medical Limited, Medline Industries, Inc, Kaye Products, LP GF Health Products, MEYRA GmbH, INC, Sunrise Medical (US) LLC, Inc., Performance Health Holding, and others.
Market Segmentation
By Product
• Canes
• Crutches
• Accessories
Distribution Channel
• Hospital
• Pharmacies
• Medical Retail Stores
• Online Stores
Region
Asia
• China
• India
• Japan
• Thailand
• Indonesia
• Rest of Asia
The Middle East & Africa
• Qatar
• Saudi Arabia
• UAE
• Rest of Middle East
Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe
North America
• US
• Canada
• Mexico
The Rest of the World
• Brazil
• Russia
• South Africa
Frequently Asked Questions (FAQs):
1. What are the key driving factors for the Canes And Crutches Market 2022-2028?
The increasing elderly population, musculoskeletal disorders, increased prevalence of osteoporosis, ankylosing spondylitis, and arthritis are anticipatory to drive the growth of the global canes and crutches market.
2. What will be the value of the canes and crutches Market during 2022-2028?
According to Pheonix Research, 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 prediction period.
3. Which region will contribute notably towards the Canes and Crutches value?
North America is anticipated to hold the major market share amidst the forecast session. 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.
4. Who are the leading players in the Canes And Crutches Market?
The leading players are Medline Industries, Besco Medical Limited, Performance Health Holding, Permobil, Inc., INC, LP GF Health Products, MEYRA GmbH, Inc., Inc. Stryker Corporation, Kaye Products, Sunrise Medical (US) LLC, and Others.