Canes & Crutches Market is expected to reach US$ 11,164.5 Mn with a CAGR of 9.6% from 2018-2025

According to The Insight Partners market research study titled ‘Canes & Crutches Market - North America and Europe Analysis and Forecasts By Medical Mobility Aids, the North America and Europe canes & crutches market is expected to reach US$ 5,815.1 Mn in 2025 from US$ 2,740.7 Mn in 2017. The market is estimated to grow with a CAGR of 9.9% from 2018-2025. The report highlights the trends prevalent in the North America and Europe canes & crutches market and the factors driving the market along with those that act as deterrents to its growth.

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North America and Europe canes & crutches market, based on the medical mobility aids was segmented as, canes and crutches. In 2017, the crutches segment held the largest share of the market, by medical mobility aids. The segment is also expected to witness growth at a significant rate during the forecast period, as it reduces the pressure exerted on the legs, by transferring the body weight to upper portion of the body. This helps in better mobility of an individual.

The market for canes & crutches is expected to grow significantly due to increasing number of orthopedic surgeries. The rise in the orthopedic surgeries is majorly driven by the surgeries done for the replacements of knee and hip. The surgeries are also been done for the amputations of the limbs due to the damages and injuries caused in the accidents or due to the various diseases. The number of the surgeries for the amputation is observed for the patients suffering from diabetes and have developed condition of gangrene. For instance, according to the U.S. Agency for Healthcare Research and Quality, in United States approximately 600,000 knee replacement surgeries are performed per year.

Some of the prominent players operating in North America and Europe canes & crutches market Carex Health Brands (Compass Health Brands), DRIVE MEDICAL, mikirad, Ottobock, Cardinal Health, Inc., Mobility+Designed, LLC, GF Health Products, Inc., Medline Industries, Inc., BESCO Medical Co., Ltd., and Ossenberg GmbH

Market Insights

Increase in the Number of Orthopaedic Surgeries

The rise in the orthopedic surgeries is majorly driven by the surgeries done for the replacements of knee and hip. The surgeries are also been done for the amputations of the limbs due to the damages and injuries caused in the accidents or due to the various diseases. The number of the surgeries for the amputation is observed for the patients suffering from diabetes and have developed condition of gangrene. For instance, according to the U.S. Agency for Healthcare Research and Quality, in United States approximately 600,000 knee replacement surgeries are performed per year.

The knee replacement surgeries are being performed in the geriatric population for their deteriorating joints. Knee replacement, is among the most commonly performed orthopedic procedures. The rise in the conditions such as rheumatoid arthritis (RA) and ankylosing spondylitis (AS) and osteoporosis are driving to the number of the surgeries. For instance, according to a report published in 2018 of Healthline Media, rheumatoid arthritis (RA) affects 41 in every 100,000 people per year and near round 1.3 million Americans have RA. Likewise, data published by Spondylitis Association of America, states that in America, spondyloarthritis is found in approximately in 2.7million people which is 1 in 100 population. Similarly according to the International Osteoporosis Foundation, in 2018, osteoporosis is estimated to affect 200 million women across the world, among which near around one-tenth of women are above the age of 60, one-fifth of women aged more than 70, two-fifths of women aged above 80 and two-thirds of women aged more than 90.

Moreover, the number of surgeries are expected to be rising to the musculoskeletal disorders that are associated with sports, occupational injuries and age-related dysfunction. For instance, according to Arthritis Foundation, in 2017, approximately 54 million adults have been diagnosed with arthritis. In addition, approximately 300,000 babies and children have arthritis or a rheumatic condition. Also the common type of arthritis diagnosed is osteoarthritis, which affects approximately 31 million Americans. Therefore, according to the data and figures, the demand for canes and crutches as an aid for recovery post an orthopedic surgery is anticipated to increase during the forecast period.

Social Stigma Associated with the Use of Walking Canes and Crutches

In recent years, social stigma has been associated with the use of mobility aids such as, walkers, canes and crutches. In certain cultures, disability has been associated with curses, disease, dependence, and helplessness. Despite an increase in the number of people publicly using mobility aids such as sticks, frames and scooters, people still feel uneasy when they are faced with the prospect of using mobility equipment themselves. Assistive devices have been considered as a markers of incapacity to perform particular physical activities.

In some individuals, the use of canes and crutches have been associated with the loss of confidence, particularly in young people as well as the elder population. Since, the use of walking aids has been observed to be more in the young and elder people. Due to the stigma associated, the growth of the market is anticipated to witness challenges in its growth during the forecast period.

High Market Potential in Developing Nations

With increasing costs of manufacturing against their practices, the medical device manufacturers are struggling to generate enough revenue. The emerging markets in the developing economies are expected to be the crucial factor offering better and lucrative growth opportunities for the major players to expand their business and geographic reach.

The treatment of the orthopedic conditions and musculoskeletal diseases have become simpler due to the help of the advancement in the technologies. As compared to consuming heavy dose medicines and hectic therapies, the use of canes & crutches have helped the patients to regain their mobility. The advantages of canes & crutches has helped various patients to move along with the other normal people. Also the healthcare expenditure have created lots of opportunities for the developing nations to provides better and more services and facilities to their people.

Shiro Studio, situated in London manufactured the world's first fully 3D-printed walking stick in August, 2017. The company is an architecture practice, which has manufactured the ENEA walking stick to develop an innovative product for those who have difficulty moving around without support.

The regions are also witnessing rise in the start-up companies investing more on the healthcare sectors. In addition, the introduction of innovative products by startup companies is anticipated to offer significant growth opportunities in the canes & crutches market during the future years.

The report segments the North America and Europe canes & crutches market as follows:

North America and Europe Canes & Crutches Market - By Medical Mobility Aids

Canes
Folding Canes
Quad Canes
Offset Canes
Crutches
Axillary Crutches
Forearm/ Elbow Crutches

North America and Europe Canes & Crutches Market - By Geography

North America
U.S
Canada

Europe
South Europe
North Europe

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