This report provides exclusive insights into the COVID-19 impact on the Canes and Crutches Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Canes and Crutches Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Canes and Crutches Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on canes and crutches market provides in-depth
analysis of segments and sub-segments in the global as well as regional canes
and crutches market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional canes and crutches
market over the short term as well as long term. The report is a comprehensive
presentation of trends, forecast and dollar values of global canes and crutches
market. According to the report, the global canes and crutches market is
projected to grow at a CAGR of 6.1% over the forecast period of 2019-2025.
Canes and crutches are mobility
aids that improve balance, assist walking, and reduce the load on the lower
limbs. Canes are designed with varying heights and meet specific mobility
needs. Crutches ensure to support the need for specific mobility needs.
Crutches are used to reduce the weight that one leg bear. Canes and crutches provide
more independence and self-confidence to the people having difficulties in
The rising prevalence of
osteoporosis, ankylosing spondylitis, and arthritis drives the growth of canes
and crutches market. As per the International Osteoporosis Foundation, annually
osteoporosis causes more than 8.9 million fractures globally and almost 9.6% of
men and 18% of women aged over 60 years have osteoarthritis. Further, the
growing number of hip, knees, and joint replacement surgeries is another factor
contributing to the growth of the market. In the United States, there were
around 1.6 million hip and knee arthroplasties performed in 2017. The rise in
the number of people with disabilities is one of the causes of the leading
growth of canes and crutches market. The increasing number of surgeries due to
sports injuries, age-related diseases, and occupational wounds promote the
demand for canes and crutches. In addition, growing government initiatives and
funding for disabled people and the rising geriatric population stimulates
incidences of chronic disease and deformities that contributes to the growth of
the market. On the other side, social stigma with the use of canes and crutches
hinders the growth of canes and crutches market. Moreover, the growing market for
canes and crutches in developing countries creates numerous opportunities for
canes and crutches.
Europe is anticipated to hold a
premium share in the global canes and crutches market. The increasing geriatric
population and the rise in the number of disabled people in Europe stimulate
market growth in this region. The one-fifth population of the EU is expected to
have some form of disability by 2020. Asia-Pacific region is expected to grow
in the global canes and crutches market with a significant CAGR over the
forecast period owing to the surge in healthcare expenditure. North America has
substantial growth in this market. As per International Osteoporosis
Foundation, In North America, 1 in 4 women and more than 1 in 8 men over the
age of 50 years have a vertebral fracture causing the growth of North America
canes and crutches market.
The report on global canes and
crutches market covers segments such as product type and distribution channel.
On the basis of product type, the sub-markets include canes, crutches, and
accessories. On the basis of distribution channel, the sub-markets include
hospital, pharmacies, medical retail stores, and online stores.
The report provides profiles of
the companies in the market such as Medline Industries, Inc., NOVA Medical
Inc., Invacare Corporation, Sunrise Medical Ltd., Cardinal Health, Inc.,
Medical Depot, Inc., Ergoactives LLC, GF Health Products, Inc., Drive Medical
GmbH & Co. KG, Thuasne SAS, and other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of canes and crutches market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.