Canes And Crutches Market Size, Share & Trends Analysis Report By Product (Canes, Crutches, Accessories), By Distribution Channel (Hospital Pharmacies, Medical Retail Stores, Online Pharmacies), By Region, And Segment Forecasts, 2024 - 2030
Canes And Crutches Market Size, Share & Trends Analysis Report By Product (Canes, Crutches, Accessories), By Distribution Channel (Hospital Pharmacies, Medical Retail Stores, Online Pharmacies), By Region, And Segment Forecasts, 2024 - 2030
Canes And Crutches Market Growth & Trends
The global canes and crutches market size is expected to reach USD 1.49 billion by 2030, registering a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Key factors driving the market growth include the rising cases of vehicle collisions, osteoarthritis, & disabilities, growing geriatric population, and government initiatives. According to a University of Washington article published in August 2023, osteoarthritis affected 595 million people globally in 2020, equivalent to 7.6% of the global population. Projections suggest substantial growth by 2050, with anticipated rises of 74.9% for knee osteoarthritis and 95.1% for other forms of osteoarthritis across different joints.
Moreover, the increasing number of disability cases fuels the market's growth. According to the WHO article published in March 2023, about 1.3 billion individuals globally live with significant disabilities, accounting for 16% of the world's population, which translates to roughly 1 in every 6 people. This underscores the widespread impact of disabilities on a global scale, highlighting the need for continued efforts to improve accessibility and support for people with disabilities worldwide. Advancements in mobility aids are also driving market growth.
New cane technologies for individuals with visual impairments integrate sensors and sonars to detect obstacles, offering rechargeability, durability, and universal mounting capabilities. Projects like MAVI aim to enhance these canes to detect and describe obstacles, including pedestrians and text through OCR. Moreover, crutch design has evolved from heavy wooden models to lightweight versions made of materials like aluminum, titanium, and carbon fiber. Modern crutches feature ergonomic designs, contoured arm pads, improved tips, and enhanced range of motion, reducing secondary injuries and improving user comfort and mobility.
Canes And Crutches Market Report Highlights
The canes segment held the largest share of over 52.07% in 2023 due to ongoing product advancements, growing initiatives by key companies, and increasing product adoption. Recent advancements in canes, including folding, quad, and offset designs, focus on enhancing comfort, functionality, and adaptability through new materials and ergonomic features
The hospital pharmacies segment held the largest share of 43.19% in 2023. Hospitals are crucial centers for providing a central point for healthcare facilities to procure these mobility aids
North America dominated the market with a share of 36.0% in 2023 owing to favorable reimbursement policies, advanced healthcare infrastructure, a growing aging population, an increasing number of arthritis cases, quick regulatory approvals, and new product launches
The market in Asia Pacific is projected to register the fastest CAGR of 6.2% from 2024 to 2030 owing to a rise in the prevalence of chronic illnesses and the high frequency of road accidents
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Product
1.2.2. Distribution Channel
1.2.3. Regional scope
1.2.4. Estimates and forecast timeline.
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased database
1.4.2. GVR’s internal database
1.4.3. Secondary sources
1.4.4. Primary research
1.4.5. Details of primary research
1.5. Information or Data Analysis
1.5.1. Data analysis models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity price analysis (Model 1)
1.7.2. Approach 1: Commodity flow approach
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product Segment
2.2.2. Distribution Channel Segment
2.3. Competitive Insights
Chapter 3. Global Canes and crutches Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Market Dynamics
3.2.1. Market driver analysis
3.2.1.1. Rise in musculoskeletal conditions
3.2.1.2. Increasing number of vehicle collisions
3.2.1.3. Growing number of people with disabilities
3.2.1.4. Advancements in materials and design
3.2.2. Market restraint analysis
3.2.2.1. Stringent Regulatory Policies
3.2.2.2. Social Stigma Associated with Utilization of Canes and Crutches