Global Canes and Crutches Market, By Product Type (Accessories, Canes, Crutches), Distribution Channel (Hospital Pharmacies, E-Commerce Stores, Medical Retail Stores, Online Stores) – Industry Trends and Forecast to 2030.
Canes and Crutches Market Analysis and Size
The growing musculoskeletal disorders, geriatric population, and the increasing prevalence of osteoporosis, arthritis, and ankylosing spondylitisare expected to drive the global canes and crutches market. Furthermore, an increase in the proportion of admissions to rehabilitation centres due to rising rates of substance abuse and alcoholism is likely to accelerate the use of canes and crutches, as patients their balance during these programmes.
Data Bridge Market Research analyses that the canes and crutches market which is USD 1025.57 million in 2022, is expected to reach USD 1458.46 million by 2030, at a CAGR of 4.5% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Canes and Crutches Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Accessories, Canes, Crutches), Distribution Channel (Hospital Pharmacies, E-Commerce Stores, Medical Retail Stores, Online Stores)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Carex (U.S.), mikirad (India), Medical Depot (U.S.), OttoBock (Germany), Cardinal Health (U.S.), Mobility Designed Incorporated (U.S.), GF Health Products, Inc. (U.S.), Medline Industries, Inc. (U.S.), Besco Medical Limited (India), Ossenberg GmbH (Germany), NOVA Medical Products (India), Sunrise Medical (Canada), HHW CARE PRODUCTS India Private Limited (India), Saket Ortho Rehab International Private Limited (India), Indian Healthcare Company (India) and Young India Impex (India)
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Market Opportunities
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Market Definition
Canes and crutches are personal mobility devices that help geriatrics and people with disabilities live better lives. These are assistive devices that assist a person with ambulation or walking disability following a surgical procedure or operation. Furthermore, most people want to maintain their independence as they age. Fall is one of the most serious threats to independence. It is natural to trip and fall from time to time but falls become more common and dangerous as people age. Canes, crutches, and other walking aids and mobility aids, such as wheelchairs, have been designed to assist elderly people who have difficulty moving around safely.
Canes and Crutches Market Dynamics
Drivers
- Increase in global geriatric population and rise in population
The growing geriatric population is a major driver of the canes and crutches market. Rheumatoid arthritis and ligament injuries are both common diseases among the elderly. Aging is associated with a decline in long-term caregiving support. The population is rapidly ageing, necessitating the use of various types of canes and crutches to maintain stability while walking. According to the UN, the geriatric population aged 60 and up is expected to double by 2050 and triple by 2100, rising from 962 million in 2017 to 2.1 billion in 2050 and 3.1 billion in 2100. Furthermore, the growing number of people with disabilities contributes to the expansion of the global canes and crutches market.
Opportunities
- Rise in popularity of online purchase
Online stores are expected to be a highly profitable segment during the forecast period. The segment is likely to be driven by an increase in the popularity of online purchases and better discount rates available in these stores. In 2021, the medical retail stores segment accounted for a sizable portion of the global canes and crutches market. The segment is expected to maintain its canes and crutches market share during the forecast period due to an increase in the number of medical retail stores and the easy availability of canes and crutches in these stores.
Restraints/Challenges
- Low Cost and Portability
Stigma associated with the use of the product and rising equipment prices are among the major factors that will obstruct market growth and further challenge the canes and crutches market during the forecast period.
This canes and crutches market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the canes and crutches market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on the Canes and Crutches Market
The COVID-19 outbreak has a negative impact on business market growth. This outbreak condition reduced demand for canes and crutches, negatively affecting the product supply chain. The COVID-19 pandemic compelled governments around the world to impose strict lockdowns and ban the shipment of non-essential goods for the majority of 2020. This resulted in a significant reduction in the supply of critical raw materials. Incorporating advanced technology into walking aids is paving the way for the robotic exoskeleton, which is expected to meet the needs of people who struggle to maintain balance while using canes and crutches.
Recent Developments
- In 2022, CAN Mobilities, based in the United States, launched The Can Go, a smart cane with web and mobile interfaces that combines sensors, communication technology, and data-driven insights to assist people with mobility difficulties remain mobile, safe, and safe and independent.
Global Canes and Crutches Market Scope
The canes and crutches market is segmented on the basis of product type and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Canes
- Folding Canes
- Quad Canes
- Offset Canes
- Crutches
- Axillary Crutches
- Forearm Crutches
- Accessories
Distribution Channel
- Hospital Pharmacies
- Medical Retail Stores
- online Stores
Canes and Crutches Market Regional Analysis/Insights
The canes and crutches market is analyzed and market size insights and trends are provided by country, product type and distribution channel as referenced above.
The countries covered in the canes and crutches market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the canes and crutches market due to an increase healthcare spending, an increase in the ageing population, advancements in the healthcare sector, and modernization of machinery in this region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to an increase in the ageing population, an increase in the number of government initiatives for disabled people, and an increase in favourable compensation policies and inflation among disabled people in the region as a result of rising healthcare spending.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market cenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The canes and crutches market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for canes and crutches market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the canes and crutches market. The data is available for historic period 2011-2021.
Competitive Landscape and Canes and Crutches Market Share Analysis
The canes and crutches market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to canes and crutches market.
Some of the major players operating in the canes and crutches market are:
- Carex (U.S.)
- mikirad (India)
- Medical Depot (U.S.)
- OttoBock (Germany)
- Cardinal Health (U.S.)
- Mobility Designed Incorporated (U.S.)
- GF Health Products, Inc. (U.S.)
- Medline Industries, Inc. (U.S.)
- Besco Medical Limited (India)
- Ossenberg GmbH (Germany)
- NOVA Medical Products (India)
- Sunrise Medical (Canada)
- HHW CARE PRODUCTS India Private Limited (India)
- Saket Ortho Rehab International Private Limited (India)
- Indian Healthcare Company (India)
- Young India Impex (India)
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