Canes and Crutches Market Introduction
Canes and crutches are personal mobility devices that improve the quality of life of geriatric people and individuals with disabilities. These are assistive devices that help a person with ambulation or walking disability after a surgical operation or procedure. Additionally, most people want to maintain their independence as they grow older. Fall is one of the biggest threats to that independence. It is normal to fall from time to time, but falls become especially common and more dangerous as people grow older. Several types of canes, crutches, and other walking assistance devices and mobility aids, such as wheelchairs, have been designed to help elderly people who have issues moving around safely. However, crutch canes are perhaps the most common and standard type of walking aid a senior is likely to use, as a cane can be quite useful as a non-intrusive device that still allows for considerable independence. The global canes and crutches market size is likely to grow at a moderate growth rate during the forecast period due to rise in geriatric population and increase in disability rate in people across the globe.
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Increase in Global Geriatric Population and Rise in Population with Disabilities to Fuel Canes and Crutches Demand
Increase in the global geriatric population is a major factor driving the global canes and crutches market. Rheumatoid arthritis and ligament injuries are common diseases that affect the elderly population. Aging is associated with declining support for long-term caregiving. The global population is aging rapidly and would require various types of canes and crutches in order to maintain stability while walking. According to the United Nations, the geriatric population aged 60 years and above is expected to double by 2050 and triple by 2100, increasing from 962 million in 2017 to 2.1 billion in 2050 and 3.1 billion in 2100. Moreover, rise in number of individuals with disabilities contributes to the growth of the global canes and crutches market.
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Social Stigma Associated with Mobility Equipment to Hamper Acceptance of Canes and Crutches
In certain cultures, disability has been associated with curses, disease, dependence, and helplessness. The social stigma associated with the utilization of devices such as canes, crutches, walker crutches, and wheelchairs is expected to restrain the global market. Certain people still feel uneasy when they use mobility equipment for disability or after surgery rehabilitation process. Usage of canes and crutches has been associated with loss of confidence, particularly in the younger generation. Therefore, social stigma is likely to hamper the global canes and crutches market.
Low Cost and Portability Driving Canes Segment
In terms of product, the global canes and crutches market has been bifurcated into canes and crutches. The canes segment held a prominent share of the market in 2021. The trend is projected to continue during the forecast period. Canes is anticipated to be a highly lucrative segment from 2022 to 2031 owing to their low cost and portability. The quad canes sub-segment dominated the canes segment in 2021, as it offers better stability on the floor or stairs. Folding canes is expected to be a less attractive sub-segment due to its high cost. The axillary crutches sub-segment dominated the crutches segment in terms of share in 2021. However, the sub-segment is likely to lose market share due to limitations such as damage of the axillary vein during the forecast period.
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Rise in Popularity of Online Purchase and Better Discount Rates Propelling Online Stores Segment
Based on distribution channel, the global canes and crutches market has been divided into hospital pharmacies, medical retail stores, and online stores. Online stores is expected to be a highly lucrative segment during the forecast period. The segment is likely to be driven by increase in popularity of online purchase and better discount rates available in these stores. The medical retail stores segment held significant share of the global canes and crutches market in 2021. The segment is projected to sustain its canes and crutches market share during the forecast period owing to rise in number of medical retail stores and easy availability of canes and crutches in these stores.
Regional Outlook of Global Canes and Crutches Market
Europe accounted for a prominent share of the global canes and crutches market in 2021. The trend is projected to continue during the forecast period due to rise in healthcare spending, rapid increase in adoption of innovative products among disabled population, and high degree of awareness about advanced mobility devices. The canes and crutches market in Asia Pacific is anticipated to grow at a high CAGR from 2022 to 2031. This can be attributed to increase in geriatric population in countries such as Japan and China, and rise in health expenditure in the region.
Analysis of Key Players in Global Canes and Crutches Market
The global canes and crutches market is fragmented, with a presence of a large number of leading players. Expansion of product portfolio and mergers acquisitions are prominent strategies adopted by key players in the global canes and crutches market. Key players operating in the global canes and crutches market are DeVilbiss Healthcare, Cardinal Health, Inc., Medline Industries, Inc., GF Health Products, Inc., NOVA Medical Products, Invacare Corporation, Ergoactives, Besco medical, and Sunrise Medical.
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