Global Canes & Crutches Market: In-Depth Analysis and Forecasts for 2024-2030
MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Canes & Crutches Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Canes & Crutches Market: 2024-2030
The Global Canes & Crutches Market was 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. Rising geriatric populations, arthritis, musculoskeletal disorders, ankylosing spondylitis, increasing incidence of osteoporosis, and accidental disabilities are anticipated to mount the Global Canes & Crutches Market size in the coming years. These walking aids are the most used type of assistive technology & are also included in the priority assistive list product of WHO.
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What are the primary factors driving the growth of the Canes & Crutches Market?
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.
Canes & Crutches Market Segmentation:
The Canes & Crutches market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
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
Geographical Analysis into the Canes & Crutches Market:
The Canes & Crutches market is categorized based regional:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Competitive Landscape and Canes & Crutches Market Share Analysis:
The competitive landscape of the Canes & Crutches Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- 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
- Carex Health Brands (Compass Health Brands)
- Mikirad
- Mobility Designed Incorporated
- Royal Canes
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Questions Addressed in this Study
- What factors are driving the Canes & Crutches Market growth?
- How is the Canes & Crutches Market expected to grow over the next five years?
- What are the key insights into the current trends in the Canes & Crutches Market?
- What is the current size of the Canes & Crutches Market, and how is it projected to change in the future?
- What is the future outlook for the Canes & Crutches Market in terms of technological advancements and market expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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