Canes and Crutches Market- Growth, Trends, Covid-19 Impact, and Forecasts (2022 - 2027)

Canes and Crutches Market- Growth, Trends, Covid-19 Impact, and Forecasts (2022 - 2027)

The canes and crutches market is expected to register a CAGR of 4.3% over the forecast period.

The COVID-19 pandemic restrictions affected the diagnosis and treatment of chronic diseases worldwide impacting the studied market. For instance, according to a research article titled "COVID-19 and Rheumatoid Arthritis" published in May 2021, older patients with rheumatoid arthritis (RA) were susceptible to COVID-19. RA patients had been affected by changes in access to care, telemedicine, drug shortages, anxiety, and social isolation, which contribute to disease flares. During the pandemic, access to therapy was constrained. 42% of patients reported canceled/postponed appointments and switched to telemedicine visits. Hence, COVID-19 had an adverse impact on the canes and crutches market.

In addition, the rise in the geriatric population and the increase in the incidence of rheumatoid arthritis and other disabilities are actively affecting the growth of the studied market. For instance, as per the Statistics Canada, 2021 census, in Canada, there are around 7,021,430 people aged 65 years or above in 2021, out of which 3,224,680 are males and 3,796,750 are female. Such a large geriatric population in different nations around the globe creates the need for canes and crutches and thus boosts the growth of the market.

According to the Centers for Disease Control and Prevention's October 2021 update, 43% of osteoarthritis patients were 65 years of age or older in 2020. It also stated that the annual incidence of knee osteoarthritis is highest between 55 and 64 years old. More than half of individuals with symptomatic knee Osteoarthritis are younger than 65. The surge in the geriatric population is expected to increase the burden of osteoarthritis and other disorders which is likely to augment the growth of the studied market over the forecast period.

Additionally, funding by the government and healthcare institutions is likely to propel growth. For instance, in December 2021, Harrogate and District National Health Service Foundation Trust in the United Kingdom spent GBP 14,000 on purchasing new crutches and issued around 2,000 pairs to patients. Such initiatives are expected to increase the usage of canes and crutches in the coming years.

Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period. However, increasing alternatives for canes and crutches is likely to impede the market growth.

Key Market TrendsSingle Canes Segments are Expected to Witness Healthy Growth Over the Forecast Period.

A cane is necessary for persons with arthritis, whether they have osteoarthritis or inflammatory arthritis to make everyday tasks easier. Patients with arthritis who use a cane remain active, mobile, and even safe.

An increase in the incidence of diseases like rheumatoid arthritis, and osteoporosis, associated with the geriatric population, is a prime factor that affects the mobility of the patients and as a result, the demand for canes increases. Different users have different needs when choosing between the two available canes style. Single-point canes are usually chosen for arthritis needs.

According to World Population Prospects 2022 report, the percentage of the population aged 65 years and over in Sub-Saharan Africa is 3.0 in 2022 and projected to be 3.3 in 2030, in Northern Africa and Western Asia it is estimated to be 5.5 in 2022 and projected to be 7.0 in 2030, in Central and Southern Asia it is estimated to be 6.4 in 2022 and projected to be 8.1 in 2030, and in Europe and Northern America, 18.7 in 2022 and projected to be 22.0 in 2030. Since arthritis diseases are more common in the geriatric population, the growth of the market segment is likely to increase as the population increases.

According to a research article titled "Prevalence and Incidence of Osteoarthritis: A Population-Based Retrospective Cohort Study" published in the Journal of Clinical Medicine in September 2021, the incidence of osteoarthritis (OA) increases with age, and women have higher rates than men, particularly after age 50. It also stated that by 31 December 2018, the total number of OA prevalent cases detected was 180,126, yielding a prevalence of 115.3 per 1000 persons. The high prevalence of osteoarthritis and surge in the geriatric population is associated with the increased need for a cane in balancing while walking which is likely to reap the demand for single canes.

Therefore, owing to the abovementioned factors, the single cane segment of the studied market is expected to project significant growth over the forecast period.

North America is Expected to Dominate the Canes and Crutches Market Over the Forecast Period.

North America is expected to dominate the market owing to factors such as the rising incidence of musculoskeletal disorders, growing geriatric population, the strong presence of industry players in the region, better healthcare infrastructure, awareness among people and healthcare industry stakeholders about available technologies, and the high concentration of market players in the United States.

According to Arthritis Society Canada September 2021 Arthritis Facts and Figures, 1 in 5 Canadians lives with one or more types of arthritis. Arthritis is one of Canada's most prevalent chronic diseases, affecting 6 million people in 2021 and expected to affect 9 million people by 2040. It also stated that People with arthritis are likely to have five times more mobility issues than people without the disease. Hence, with the increasing prevalence of arthritis and mobility issues, the studies market is expected to grow in the region.

The increased product launches, partnerships, and acquisitions by the key market players in the region are likely to augment the market growth. For instance, in July 2021 Cardinal Health launched new innovative solutions that are Cardinal Health NavixRx compliance packaging and e-commerce storefront to assist independent pharmacies in meeting evolving consumer expectations and providing individualized and practical on-demand services. It is expected to boost the demand for online purchasing of canes and crutches.

Therefore, owing to the above-mentioned factors, the growth of the studied market is anticipated in the North America region.

Competitive Landscape

The canes and crutches market is fragmented in nature due to the presence of a large number of companies operating globally as well as regionally. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known. Some of the market players are Drive, Cardinal Health, Inc., Medline Industries, Inc., GF Health Products Inc., NOVA Medical Products, Invacare Corporation, Ergoactives, Sunrise Medical.

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• The market estimate (ME) sheet in Excel format
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