Canes & Crutches Market Size | Share | Growth Analysis 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.
According to the latest market research report title “Canes & Crutches Market By Product Type (Canes, Folding Canes, Quad Canes, Offset Canes, Crutches, Axillary Crutches, Forearm Crutches, Accessories), By Distribution Channel (Hospital Pharmacies, Medical Retail Stores, Online Stores, Others (Rehabilitation Centers, Physical Therapy Clinics, etc.)), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)–Forecast to 2030″, published by MarkNtel Advisors, 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.
The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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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.
Canes & Crutches Market Segmentation
The Canes & Crutches Market is highly robust and fragmented into numerous segments;
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
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Key Players Operating in the Canes & Crutches Market: –
Drive DeVilbiss Healthcare
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Ossenberg GmbH
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Ergoactives
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Key Questions Answered:
- What is the projected CAGR of the Canes & Crutches Market during the forecast period?
- Which segment is expected to lead the Canes & Crutches Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
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 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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