Canes and Crutches Market Exhibits 3.7% CAGR as Demand for Stable Quad Crutches Burgeons: Fact.MR

Fact.MR – A Market Research and Competitive Intelligence Provider: The global canes and crutches market is expected to rise at a 3.7% CAGR, finds Fact.MR in its latest market analysis.

Demand for Advanced Care for Mobility Disorders Positions Canes and Crutches Market for Consistent Growth

Fact.MR, in a recent market analysis on the global canes and crutches market offers compelling insights into crucial factors such as drivers, opportunities, threats, and restraints impacting sales in the market. The study also divulges recent developments across various segments in terms of product type, and distribution channels across seven regions.

Fact.MR – A Market Research and Competitive Intelligence Provider: The global canes and crutches market is expected to rise at a 3.7% CAGR, finds Fact.MR in its latest market analysis. Increasing prevalence of orthopaedic diseases in the geriatric population is spurring demand for canes and crutches, which is compelling manufacturers to launch more stable and user-friendly products in the market.

Rising incidence of musculoskeletal conditions across the globe is fuelling the need for easy-to-access canes and crutches. As per WHO, approximately 1.51 billion people suffer from musculoskeletal disorders worldwide, limiting their ability to perform daily activities.

Ongoing advancements in healthcare technologies and medical equipment are expected to bode well for canes and crutches market over the assessment period. For instance, weWalk is a revolutionary cane developed especially for visually impaired individuals, which comprises smart sensors to detect motion and obstacles, speakers, and smartphone integration to warn the users about the surroundings and obstacles on the way.

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Such developments are expected to continue propelling sales of canes and crutches in the forthcoming years. Besides this, demand for quad crutches is projected to remain high as they offer optimal stability and weight support, making them the most preferred option for the elderly. Therefore, quad crutches market is expected to witness positive growth in the future.

"The integration of connective technology and sensor technology in canes and crutches is expected to augment the growth of the market. In addition to this, easy availability and timely delivery via retail channels is expected to give tailwinds to the market growth over the forecast period," says a Fact.MR analyst.

Key Takeaways:

  • Demand for quad crutches is expected to increase over the assessment period.
  • Hospitals will emerge as the most preferred distribution channel, accounting for a dominant share in the canes and crutches market.
  • Sales of canes and crutches in the U.S. are projected to gain momentum owing to rising geriatric population and increasing adoption of advanced medical equipment.
  • China will emerge as a lucrative canes and crutches market, holding a lion’s share in East Asia.

Growth Drivers:

  • Government-backed investments supporting the availability of mobility devices in hospitals in emerging economies are expected to augment growth of the canes and crutches market.
  • Growing demand for canes and crutches in recreational and rehabilitation centres is anticipated to boost sales over the assessment period.

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Competitive Landscape

Leading players operating in the market are focusing on research and development to launch new and improved products. Besides this, mergers, acquisitions, and collaborations will remain prominent strategies adopted by canes and crutches market players to gain a competitive edge.

For instance, in June 2021, GF Health Products Inc. announced the launch of the Lumex Gaister Forearm rollator. The new product is specially designed to facilitate control and stability while walking. It also reduces back strain significantly.

Key Players in the Canes and Crutches Market Include:

  • Drive DeVilbiss Healthcare (Medical Depot, Inc.)
  • Cardinal Health, Inc.
  • Medline Industries, Inc.
  • GF Health Products, Inc.
  • NOVA Medical Products
  • Invacare Corporation
  • Ergoactives
  • Sunrise Medical

More Valuable Insights on Canes and Crutches Market

Fact.MR provides an unbiased analysis of the canes and crutches market, presenting historical demand data (2017-2019) and forecast statistics for the period from 2020-2027. The study divulges compelling insights on the global canes and crutches market with a detailed segmentation on the basis of:

Product:

  • Canes
  • Folding Canes
  • Quad Canes
  • Offset Canes
  • Crutches
  • Axillary Crutches
  • Forearm Crutches
  • Accessories

Distribution Channel:

  • Hospital Pharmacies
  • Medical Retail Stores
  • Online Stores

Regions:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Key Questions Covered in Canes and Crutches Market Report

  • The report offers insight into the canes and crutches market demand outlook for 2020-2027.
  • The market study also highlights projected sales growth for canes and crutches market between 2020 and 2027.
  • Canes and crutches market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
  • Canes and crutches market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

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Source: Fact.MR