The canes and crutches market analysis offers insights into demand outlook in terms of product and distribution channel.
170 Pages Market Research Survey by Fact MR, A Market Research and Competitive Intelligence Provider Offers Insights into Canes and Crutches Market Growth
The canes and crutches market analysis offers insights into demand outlook in terms of product and distribution channel. It also studies key strategies adopted by vendors to increase sales in canes and crutches market
Fact.MR – A Market Research and Competitive Intelligence Provider: Adoption of canes and crutches in 2021 showcased an upward trend due to alarming rise in chronic ailments in aging individuals, finds Fact.MR in a recent study. The Fact MR analysis on canes and crutches projects expansion in the market at a 3.7% CAGR between 2020 and 2027.
High prevalence of mobility disorders such as progressive supranuclear palsy, ataxia, focal dystonia and parkinsonism is escalating demand for folding canes, owing to their easy accessibility and compact nature.
Offset canes are gaining traction among the geriatric population as they are lightweight, extremely durable, and distribute the users’ weight across the shaft and rubber tips at the bottom, making them a popular choice among the aging population.
Possibilities of leg/foot injuries will keep the demand for axillary crutches afloat. Sales of forearm crutches will rise at a steady pace, depending upon future events that will lead to their purchase.
Additionally, increasing cases of rheumatoid arthritis due to aging, genetic inheritance, obesity, and early life exposure to injuries is anticipated to spur demand for quad canes, attributable to features like even weight distribution and a non-slippery base that provides adequate support to patients.
Conventional canes and crutches are slowly losing the interest of consumers as the prominence of strong alternatives such as wheelchairs and knee walkers is on a rise. However, research and development, coupled with the incorporation of technology is leading innovation in smart canes and crutches.
Such innovations include wWalk, a cane especially developed for visually impaired individuals, comprising smart technology including connectivity, motion sensor, speakers, and smartphone integration that warn the user about the obstacles ahead.
“Rising incidence of mobility-disorders, coupled with availability of a wider array of canes and crutches on online retail channels is shaping future outlook for cranes and crutches sales,” says a fact MR analyst.
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Key Takeaways from Canes and Crutches Market Analysis
- Canes and crutches sales outlook is anticipated to experience steady growth at a 3.7% CAGR.
- Italy and Germany will lead market growth in Europe owing to high prevalence of the geriatric population.
- The U.S. will emerge as a lucrative market, backed by the presence of leading market players and robust healthcare infrastructure.
- Growth prospects are anticipated to be positive in Japan due to increasing expenditure on healthcare in the country.
- Online stores will dominate the distribution channel segment by availing varieties of canes and crutches to individuals at one stop.
Growth Drivers
- Penetration of eCommerce in sales of canes and crutches will augment market growth.
- Innovations led by top distributors of canes and crutches for better support and mobility will foster sales in the market.
Key Restraints
- Preference for knee walkers and wheelchairs over conventional canes and crutches will hinder market growth.
- Reimbursement coverage of walking aids will have a negative impact on sales of canes and crutches.
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Competitive Landscape
Leading players operating in the canes and crutches market are emphasizing research and development as a primary growth strategy in order to lead innovations and expansions in their product portfolios. For instance, in June 2021, GF Health Products Inc. launched Lumex Gaitster Forearm Rollator, designed specially to provide optimal control and stability while walking and reducing back strain significantly.
Top Manufacturers of Canes and Crutches 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 (2016-2020) 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
Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key Questions Covered in the Canes and Crutches Market Report
- The report offers insight into canes and crutches demand outlook for 2021-2031
- The market study also highlights projected sales growth for canes and crutches market between 2021 and 2031
- 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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