Thu, 28 Sep 2023

Worldwide demand for canes and crutches is projected to increase at 3.8% CAGR from 2023 to 2033 with the market currently valued at US$ 975.9 million. As such, the global canes and crutches market is forecasted to reach a valuation of US$ 1.42 billion by 2033. The canes and crutches market refers to the global market for mobility aids that help people with mobility impairments walk or move around more easily. This includes a wide range of devices such as canes, crutches, walkers, rollators, and other mobility aids.

The market is driven by a growing elderly population, an increase in the prevalence of chronic diseases such as arthritis, and a rise in the number of accidents leading to temporary or permanent mobility impairments. In addition, technological advancements such as lightweight and ergonomic designs, adjustable heights, and improved materials are also driving market growth

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Key Takeaways:

  • Based on product, folding canes are likely to witness high demand during the forecast period.
  • By distribution channel, online stores segment is expected to grow 1.3X through 2027.
  • With increasing geriatric population, Europe will continue to remain one of the most lucrative markets for canes and crutches during the forecast period.
  • North America canes and crutches market is poised to grow at a steady pace during the forecast period.
  • Sales of canes and crutches in the U.S. are projected to grow at a moderate pace amid rising incidence of sports injuries and presence of leading manufacturers.

Regional Analysis

The canes and crutches market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America and Europe are currently the largest markets due to the high prevalence of chronic diseases and the presence of a large geriatric population. These regions are also characterized by advanced healthcare infrastructure, favorable reimbursement policies, and high awareness about mobility aids among the population. The United States and Canada are the major contributors to the North American market, while Germany, France, and the United Kingdom are the major players in the European market.

The Asia-Pacific region is expected to witness the highest growth rate during the forecast period due to the increasing geriatric population, the rising prevalence of chronic diseases, and the growing awareness about the benefits of mobility aids. Countries such as China, Japan, and India are the major contributors to the Asia-Pacific market. The region is also characterized by the presence of a large number of local manufacturers, who are offering cost-effective and customized products to cater to the growing demand. However, the market growth in this region is hindered by the lack of healthcare infrastructure, limited awareness about the availability and benefits of mobility aids, and the presence of a large unorganized market

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Competitive Landscape :

In order to satisfy the shifting needs of customers and patients throughout the world, top cane and crutch providers are concentrating on releasing new, cutting-edge goods that are combined with smart technology.

  • CAN Mobilities, a company founded with the mission to advance human mobility announced the launch of CAN Go in May 2022. The new product is a smart cane that combines advanced sensors with mobile and web interfaces to help people with mobility issues while being safe and independent.

Key Companies Profiled

  • Cardinal Health Inc.
  • Invacare Corporation
  • Ergoactives
  • DeVilbiss Healthcare
  • GF Health Products Inc.
  • Besco Medical
  • NOVA Medical Products
  • Sunrise Medical
  • Medline Industries Inc.

Key Segments of Canes and Crutches Industry Research

  • By Product :
    • Canes
      • Folding Canes
      • Quad Canes
      • Offset Canes
    • Crutches
      • Axillary Crutches
      • Forearm Crutches
    • Accessories
  • By Distribution Channel :
    • Hospital Pharmacies
    • Medical Retail Stores
    • Online Stores

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Key Questions Covered

  • What is the current size and growth rate of the canes and crutches market?
  • What are the major drivers, challenges, and trends in the market?
  • What are the different product types and materials used in canes and crutches?
  • What is the market share of the major players in the market?
  • Contact:

    US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583

    Original Source of the original story >> Medical Device Company Canes and Crutches Announces Breakthrough Product for Mobility Aid Marke

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