The latest report on “Canes and Crutches Market (Product Type – Canes, Crutches, and Accessories; Distribution Channel – Hospital, Pharmacies, Medical Retail Stores, and Online Stores): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global canes and crutches market is projected to grow at a CAGR of 6.1% over the forecast period of 2019-2025.
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Canes and crutches are mobility aids that improve balance, assist walking, and reduce the load on the lower limbs. Canes are designed with varying heights and meet specific mobility needs. Crutches ensure to support the need for specific mobility needs. Crutches are used to reduce the weight that one leg bear. Canes and crutches provide more independence and self-confidence to the people having difficulties in moving.
Rising Prevalence of Osteoporosis, Ankylosing Spondylitis, and Arthritis Drives the Growth of Canes and Crutches Market
The rising prevalence of osteoporosis, ankylosing spondylitis, and arthritis drives the growth of canes and crutches market. As per the International Osteoporosis Foundation, annually osteoporosis causes more than 8.9 million fractures globally and almost 9.6% of men and 18% of women aged over 60 years have osteoarthritis. Further, the growing number of hip, knees, and joint replacement surgeries is another factor contributing to the growth of the market. In the United States, there were around 1.6 million hip and knee arthroplasties performed in 2017. The rise in the number of people with disabilities is one of the causes of the leading growth of canes and crutches market. The increasing number of surgeries due to sports injuries, age-related diseases, and occupational wounds promote the demand for canes and crutches.
In addition, growing government initiatives and funding for disabled people and the rising geriatric population stimulates incidences of chronic disease and deformities that contributes to the growth of the market. On the other side, social stigma with the use of canes and crutches hinders the growth of canes and crutches market. Moreover, the growing market for canes and crutches in developing countries creates numerous opportunities for canes and crutches.
Europe is Anticipated to Hold a Premium Share in the Global Canes and Crutches Market
Europe is anticipated to hold a premium share in the global canes and crutches market. The increasing geriatric population and the rise in the number of disabled people in Europe stimulate market growth in this region. The one-fifth population of the EU is expected to have some form of disability by 2020. Asia-Pacific region is expected to grow in the global canes and crutches market with a significant CAGR over the forecast period owing to the surge in healthcare expenditure. North America has substantial growth in this market. As per International Osteoporosis Foundation, In North America, 1 in 4 women and more than 1 in 8 men over the age of 50 years have a vertebral fracture causing the growth of North America canes and crutches market.
The report on global canes and crutches market covers segments such as product type and distribution channel. On the basis of product type, the sub-markets include canes, crutches, and accessories. On the basis of the distribution channels, the sub-markets include hospitals, pharmacies, medical retail stores, and online stores.
The report provides profiles of the companies in the market such as Medline Industries, Inc., NOVA Medical Inc., Invacare Corporation, Sunrise Medical Ltd., Cardinal Health, Inc., Medical Depot, Inc., Ergoactives LLC, GF Health Products, Inc., Drive Medical GmbH & Co. KG, Thuasne SAS, and other companies.
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- Comprehensive analysis of global as well as regional markets of the canes and crutches.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.