The Global Canes & Crutches Market size valued at USD 750 million in 2022 and is estimated to grow at a CAGR of around 4.1% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Global Canes & Crutches Market Driver:
Mounting Geriatric Population to Amplify the Market Growth – The growing geriatric or elderly population across numerous countries worldwide is influencing the demand graph for canes & crutches. In recent years, the lifestyle & eating habits of individuals have changed, which may result in autoimmune diseases such as rheumatoid arthritis & other joints related problems.
Moreover, the rising prevalence of conditions like rheumatoid arthritis and other disabilities is actively propelling the expansion of the Canes & Crutches Market. For example, according to the World Population Prospects, the global population aged 65 and above reached 771 million in 2022, and this figure is anticipated to increase to 994 million by 2030 and further to 1.6 billion by 2050. This substantial growth in the elderly population worldwide is expected to generate increased demand for canes and crutches, thereby fostering market growth.
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Global Canes & Crutches Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Product Type
- Canes- Market Size & Forecast 2019-2030F, USD Million
- Folding Canes- Market Size & Forecast 2019-2030F, USD Million
- Quad Canes- Market Size & Forecast 2019-2030F, USD Million
- Offset Canes- Market Size & Forecast 2019-2030F, USD Million
- Crutches- Market Size & Forecast 2019-2030F, USD Million
- Axillary Crutches- Market Size & Forecast 2019-2030F, USD Million
- Forearm Crutches- Market Size & Forecast 2019-2030F, USD Million
- Accessories- Market Size & Forecast 2019-2030F, USD Million
- By Distribution Channel
- Hospital Pharmacies- Market Size & Forecast 2019-2030F, USD Million
- Medical Retail Stores- Market Size & Forecast 2019-2030F, USD Million
- Online Stores- Market Size & Forecast 2019-2030F, USD Million
- Others (Rehabilitation Centers, Physical Therapy Clinics, etc.)- Market Size & Forecast 2019-2030F, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Drive DeVilbiss Healthcare Ossenberg GmbH, Ergoactives, NOVA Medical Products, GF Health Products Inc., Sunrise Medical Limited, Besco Medical Co., Ltd, Invacare Corporation, Medline Industries, Inc., Cardinal Health, Inc, Ottobock, Others are looking forward to strengthening their market positions.
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