Canes and Crutches Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2027

Published on : Dec-2019 | List of Tables : 32 | List of Figures : 73 | No. of Pages : 170 | Report Code : FACT4419MR | Format :

Multiple Demographics Catalysing Demand for Canes and Crutches

Application of canes and crutches is moving beyond the primary demography-physically-challenged individuals-towards the geriatric population and patients suffering from chronic conditions. A study published by the United Nations foresees a rise in aging population to 2.1 Bn by 2050, up from 962 Mn in 2017. Also, as per the International Osteoporosis Foundation, each year, rheumatoid arthritis is found to affect 41 individuals in 100,000 people. Given this alarming rise in chronic conditions and aging individuals, players are likely to witness parallel revenue streams driven by multiple demographics in the canes and crutches market.

An increase in the number of admissions to rehabilitation centres, on account of rising cases of substance abuse and alcohol addiction, is also likely to catalyse the adoption of canes and crutches, as patients tend to lose their balance during these programs. On the contrary, the inadvertent influence of social stigma and availability of viable substitutes are projected to limit the growth pace of the canes and crutches market to merely 3.7% CAGR during the forecast period (2020-2027).

incremental opportunity analysis of canes and crutches market by distribution channel

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Reimbursement Coverage of Advanced Walking Aids Could Create Growth Barrier for Canes and Crutches Market

The threat of substitutes is projected to remain low to moderate in the canes and crutches market. Knee walkers and wheelchairs, which require little or no upper body strength, are growing in prominence as strong alternatives to conventional canes and crutches. The incorporation of advanced technology in walking aids is opening up avenues for the robotic exoskeleton, which is likely to address the needs of individuals who are finding it difficult to maintain balance while using canes and crutches. For instance, in August 2017, Bionik Laboratories Corp. announced the integration of voice assistant technology to develop an exoskeleton device that distributes weight evenly and reduces strain on specific body parts.

As opposed to the relatively low cost of conventional canes and crutches, technologically-driven walking aids are highly expensive, with prices ranging from US$ 45,000 to US$ 90,000. However, to assist physically-challenged individuals, governments offer reimbursement coverage of these advanced systems, which is projected to shift the attention of end users towards advanced equipment with comfort features. For instance, in February 2019, ReWalk Robotics announced that Cigna would reimburse the purchase of exoskeleton devices.

Online Stores to Outperform Sales Generated through Medical Stores & Hospital Pharmacies

Medical stores and hospital pharmacies stand to lose significant sales prospects to online stores, as this novel distribution channel offers the convenience of comparing prices and striking a cost-saving deal. Increasing inclination of individuals towards online shopping portals is encouraging e-Commerce majors to improve their delivery timeframe, which is resulting in next-day or same-day delivery. Easy availability in tandem with cost benefits offered by online stores are projected to close significant sales in the canes and crutches market during the forecast period.

opportunity assessment of key regions in canes and crutches market

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Regions with High Density of Geriatric Population Lead Canes and Crutches Market

Though the disabled populace is considered to be primary end users in the canes and crutches market, high adoption of walking aids is directly proportional to high density of the aging population. As per a report published by the United Nations, Europe (Italy and Germany), followed by North America, have a relatively high number of geriatric individuals. Besides this, arthritis, osteoporosis, and similar movement-limiting conditions are found to be high among individuals in Europe, which is indicative of the strong demand in the canes and crutches market. Besides Europe, the U.S., and Japan have a large aging population, and these markets are likely to witness significant growth in the global canes and crutches market during the forecast period.

Canes and Crutches Market – Scope of the Study

The study on the canes and crutches market is an exclusive report published by Fact.MR, which brings to the fore crucial parameters that are driving the growth of the market. This exclusive study provides incisive insights regarding recent developments in the canes and crutches market, by analysing the historical data for the period of 2017-2019, and the duration of 2020-2027 which is considered as the forecast period.

Evaluation of the canes and crutches market’s revenue has been carried out in terms of value (US$ Mn). This research provides information into the key trends that are potential enough to influence the growth of the canes and crutches market. Besides this, the study also includes several macroeconomic and microeconomic growth indicators complementing the growth of the canes and crutches market during the forecast period. This detailed study provides information into key dynamics, and their influence on the canes and crutches market during the forecast period.

The report also provides information about the key challenges and threats that could deter the growth potential of players in the canes and crutches market. The study unveils profitable opportunities for manufacturers, which they can adopt to strengthen their position in the global canes and crutches market. With a view of aiding stakeholders in the canes and crutches market, the study comprises a detailed section on the competition analysis.

This exclusive study offers a dashboard view of the canes and crutches market, with detailed information about market players, based on overall revenue, key developments, and their market presence. Additionally, key strategies of players in the canes and crutches market have also been included in this comprehensive study.

Canes and Crutches Market – Assessment of Key Segments

Authors of this comprehensive study have classified the canes and crutches market into key segments for an in-depth study of the market. Categorisation of the canes and crutches market is based on product, distribution channel, and region. This detailed study also offers information about the incremental opportunity present in the canes and crutches market during the forecast period. Key segments considered while studying the canes and crutches market include:

Product

Distribution Channel

Region

Canes

  • Folding Canes
  • Quad Canes
  • Offset Canes

Hospital Pharmacies

North America

Crutches

  • Axillary Crutches
  • Forearm Crutches

Medical Retail Stores

Europe

Accessories

Online Stores

Asia Pacific

 

 

Latin America

 

 

Middle East and Africa

 

Revenue of the canes and crutches market has been estimated in terms of US$ Mn for the period of 2020 to 2027. In addition to this, compound annual growth rate (CAGR %) has been estimated for all segments during the forecast period of 2020-2027, considering 2019 as the base year.

Authors of this exclusive study on the canes and crutches market have analysed key players in order to offer insights into the competitive landscape. Leading, prominent, and emerging players highlighted in this study include Sunrise Medical, Drive DeVilbiss Healthcare, Ergoactives, Cardinal Health, Inc., Invacare Corporation, Medline Industries, Inc., NOVA Medical Products, and GF Health Products, Inc.

Stakeholders of this report include companies and intermediaries engaged in the development, manufacturing, and commercialisation of different canes and crutches, as well as new players planning to enter the canes and crutches market.

Canes and Crutches Market – Research Methodology

The primary objective of this exclusive study on the canes and crutches market is to offer precise estimates and forecasts of the market in terms of value (US$ Mn) for the period of 2020-2027. The secondary objective includes analysis of key market segments exhibiting significant growth rates, leading strategies adopted by players in the canes and crutches market, and recalibrate the adoption rate of canes and crutches in key regions across the world.

Request research methodology of this report.

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Global Canes and Crutches Market

4. Market Overview

    4.1. Introduction

        4.1.1. Product Definition

        4.1.2. Industry Evolution / Developments

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Canes and Crutches Market Analysis and Forecast, 2020–2027

        4.4.1. Market Revenue Projections (US$ Mn)

    4.5. Porter’s Five Force Analysis

5. Market Outlook

    5.1. Price Comparison Analysis (2018)

    5.2. Regulatory Scenario by Region/globally

    5.3. Value Chain Analysis

    5.4. Technological Advancements

    5.5. Reimbursement Scenario by Region/globally

    5.6. Prevalence of Osteoporosis and Rheumatoid Arthritis

6. Global Canes and Crutches Market Analysis and Forecast, by Product 

    6.1. Introduction & Definition

    6.2. Key Findings / Developments

    6.3. Market Value Forecast, by Product, 2020–2027

        6.3.1. Canes

            6.3.1.1. Folding Canes

            6.3.1.2. Quad Canes

            6.3.1.3. Offset Canes

        6.3.2. Crutches

            6.3.2.1. Axillary Crutches

            6.3.2.2. Forearm Crutches

        6.3.3. Accessories

    6.4. Market Attractiveness By Product 

7. Global Canes and Crutches Market Analysis and Forecast, by Distribution Channel 

    7.1. Introduction & Definition

    7.2. Key Findings / Developments

    7.3. Market Value Forecast, by Distribution Channel, 2020–2027

        7.3.1. Hospital Pharmacies

        7.3.2. Medical Retail Stores

        7.3.3. Online Stores

    7.4. Market Attractiveness, by Distribution Channel 

8. Global Canes and Crutches Market Analysis and Forecast, by Region

    8.1. Key Findings

    8.2. Market Value Forecast, by Region

        8.2.1. North America 

        8.2.2. Europe 

        8.2.3. Asia Pacific 

        8.2.4. Latin America 

        8.2.5. Middle East & Africa 

    8.3. Market Attractiveness, by Country/Region

9. North America Canes and Crutches Market Analysis and Forecast

    9.1. Introduction

        9.1.1. Key Findings

    9.2. Market Value Forecast, by Product, 2020–2027

        9.2.1. Canes

            9.2.1.1. Folding Canes

            9.2.1.2. Quad Canes

            9.2.1.3. Offset Canes

        9.2.2. Crutches

            9.2.2.1. Axillary Crutches

            9.2.2.2. Forearm Crutches

        9.2.3. Accessories

    9.3. Market Value Forecast, by Distribution Channel, 2020–2027

        9.3.1. Hospital Pharmacies

        9.3.2. Medical Retail Stores

        9.3.3. Online Stores

    9.4. Market Value Forecast, by Country, 2020–2027

        9.4.1. U.S.

        9.4.2. Canada

    9.5. Market Attractiveness Analysis 

        9.5.1. By Product 

        9.5.2. By Distribution Channel 

        9.5.3. By Country

10. Europe Canes and Crutches Market Analysis and Forecast

    10.1. Introduction

        10.1.1. Key Findings

    10.2. Market Value Forecast, by Product, 2020–2027

        10.2.1. Canes

            10.2.1.1. Folding Canes

            10.2.1.2. Quad Canes

            10.2.1.3. Offset Canes

        10.2.2. Crutches

            10.2.2.1. Axillary Crutches

            10.2.2.2. Forearm Crutches

        10.2.3. Accessories

    10.3. Market Value Forecast, by Distribution Channel, 2020–2027

        10.3.1. Hospital Pharmacies

        10.3.2. Medical Retail Stores

        10.3.3. Online Stores

    10.4. Market Value Forecast, by Country/Sub-region, 2020–2027

        10.4.1. Germany

        10.4.2. U.K.

        10.4.3. France

        10.4.4. Spain

        10.4.5. Italy

        10.4.6. Rest of Europe

    10.5. Market Attractiveness Analysis 

        10.5.1. By Product 

        10.5.2. By Distribution Channel 

        10.5.3. By Country/Sub-region

11. Asia Pacific Canes and Crutches Market Analysis and Forecast

    11.1. Introduction

        11.1.1. Key Findings

    11.2. Market Value Forecast, by Product, 2020–2027

        11.2.1. Canes

            11.2.1.1. Folding Canes

            11.2.1.2. Quad Canes

            11.2.1.3. Offset Canes

        11.2.2. Crutches

            11.2.2.1. Axillary Crutches

            11.2.2.2. Forearm Crutches

        11.2.3. Accessories

    11.3. Market Value Forecast, by Distribution Channel, 2020–2027

        11.3.1. Hospital Pharmacies

        11.3.2. Medical Retail Stores

        11.3.3. Online Stores

    11.4. Market Value Forecast, by Country/Sub-region, 2020–2027

        11.4.1. China

        11.4.2. Japan

        11.4.3. India

        11.4.4. Australia & New Zealand

        11.4.5. Rest of Asia Pacific

    11.5. Market Attractiveness Analysis 

        11.5.1. By Product 

        11.5.2. By Distribution Channel 

        11.5.3. By Country/Sub-region

12. Latin America Canes and Crutches Market Analysis and Forecast

    12.1. Introduction

        12.1.1. Key Findings

    12.2. Market Value Forecast, by Product, 2020–2027

        12.2.1. Canes

            12.2.1.1. Folding Canes

            12.2.1.2. Quad Canes

            12.2.1.3. Offset Canes

        12.2.2. Crutches

            12.2.2.1. Axillary Crutches

            12.2.2.2. Forearm Crutches

        12.2.3. Accessories

    12.3. Market Value Forecast, by Distribution Channel, 2020–2027

        12.3.1. Hospital Pharmacies

        12.3.2. Medical Retail Stores

        12.3.3. Online Stores

    12.4. Market Value Forecast, by Country/Sub-region, 2020–2027

        12.4.1. Brazil

        12.4.2. Mexico

        12.4.3. Rest of Latin America

    12.5. Market Attractiveness Analysis 

        12.5.1. By Product 

        12.5.2. By Distribution Channel 

        12.5.3. By Country/Sub-region

13. Middle East & Africa Canes and Crutches Market Analysis and Forecast

    13.1. Introduction

        13.1.1. Key Findings

    13.2. Market Value Forecast, by Product, 2020–2027

        13.2.1. Canes

            13.2.1.1. Folding Canes

            13.2.1.2. Quad Canes

            13.2.1.3. Offset Canes

        13.2.2. Crutches

            13.2.2.1. Axillary Crutches

            13.2.2.2. Forearm Crutches

        13.2.3. Accessories

    13.3. Market Value Forecast, by Distribution Channel, 2020–2027

        13.3.1. Hospital Pharmacies

        13.3.2. Medical Retail Stores

        13.3.3. Online Stores

    13.4. Market Value Forecast, by Country/Sub-region, 2020–2027

        13.4.1. GCC Countries

        13.4.2. South Africa

        13.4.3. Rest of Middle East & Africa

    13.5. Market Attractiveness Analysis 

        13.5.1. By Product 

        13.5.2. By Distribution Channel 

        13.5.3. By Country/Sub-region

14. Competition Landscape

    14.1. Market Player - Competition Matrix (By Tier and Size of companies)

    14.2. Market Share Analysis, by Company, 2018

    14.3. Company Profiles

        14.3.1. Drive DeVilbiss Healthcare (Medical Depot, Inc.)

        14.3.2. Cardinal Health, Inc.

        14.3.3. Medline Industries, Inc.

        14.3.4. GF Health Products, Inc.

        14.3.5. NOVA Medical Products

        14.3.6. Invacare Corporation

        14.3.7. Ergoactives

        14.3.8. Sunrise Medical

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Canes and Crutches Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2027