According to MarkNtel Advisors study 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.
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Key Findings of the Study: 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.
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Scope of the Report and Canes & Crutches Market Segmentation:
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
The Online Stores captured a dominant share of the Canes & Crutches Market during 2022 and are expected to be one of the lucrative distribution channels in the years ahead due to the increasing popularity of online purchases & the availability of better rates with discounts.
Geographical Analysis:
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
North America is the leading region across the Global Canes & Crutches Market due to a rise in healthcare spending & a rising geriatric population.
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