Canes and Crutches Market is Projected to Expand at a CAGR of 4.0% from 2019 to

Posted by Aniket Ankushrao on May 24th, 2019

The global canes and crutches market was valued at US$ 860 Mn in 2018 and is projected to expand at a CAGR of 4.0% from 2019 to 2027. Aging population and various government initiatives for disabled people and funding by international organizations fuel the growth of the global canes and crutches market.

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Canes and crutches are personal mobility devices that improve the quality of life of the elderly and individuals with disabilities. Canes and crutches are assistive devices which help a person with ambulation or walking disability and after surgical operational or procedures. Rise in the geriatric population and sure in number of people with disabilities leads to increase in usage of mobility assistive devices, which include wheelchairs to walking aid devices such as canes and crutches, walkers, and rollators.

Canes and crutches devices are used primarily by the geriatric population which is prone to diminishing activities for movement because of various chronic diseases, frequent falls, and accidents or leg injury. Increase in the incidence of rheumatoid arthritis is also prime factor that affects the mobility of the patients and as a result the demand for canes and crutches increase.

The global canes and crutches market has been segmented based on product, distribution channel, and region. In terms of product, the canes and crutches market has been classified into canes, crutches, and accessories. The canes segment has been further categorized into folding canes, quad canes, and offset canes in canes and crutches market The crutches segment has been bifurcated into axillary crutches and forearm crutches. The canes segment dominated the global canes and crutches in 2018 and is projected to continue its dominance during the forecast period, as these are less costly and easy to transport.

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Rise in number of canes user is mainly due to its high preference among the aging population. Quad canes is a highly lucrative sub-segment of the canes segment because these offer better stability on the floor in cane and crutches market. Based on distribution channel, the global canes and crutches market has been divided into hospital pharmacies, medical retail stores, and online stores. The medical retail stores segment dominated the global canes and crutches market in 2018 due to rise in the number of medical retail stores and easy access. Increase in awareness about the advantages of buying canes and crutches through online shop expected to boost the online stores growth in the canes and crutches market during the forecast period.

In terms of region, the global canes and crutches market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe dominated the global canes and crutches market in 2018 due to rise in population with disabilities, increase in the geriatric population, and favorable reimbursement scenario in the region. Moreover, the number of mobility disorder is very high amount the European population which increase the demand for the use of canes and crutches.

The canes and crutches market in Asia Pacific is projected to expand at a higher CAGR during the forecast period due to increase in the geriatric population and rise in health care expenditure. In Latin America countries, the number of user of canes and crutches are gradually increasing due to its high prevalence of mobility disorder.