Market Size of Global Canes and Crutches Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Canes and Crutches Market Analysis
The canes and crutches market is expected to register a CAGR of 4.3% over the forecast period.
The COVID-19 outbreak significantly impacted the canes and crutches market. The pandemic-related supply chain delay caused a global aluminum shortage, and hospitals across the United States were asked for donations of gently used crutches, canes, and other orthopedic equipment. For instance, a news release from Beaufort Memorial Hospital in South Carolina in November 2021 stated that a global aluminum shortage left hospitals like Beaufort Memorial without essential supplies of crutches for patients, prompting a request for community donations of gently used adult crutches. Hence, the COVID-19 pandemic has significantly impacted the market during the initial phases. However, as the COVID-19 cases started to decline, the market started to show normal pre-pandemic level growth.
The rise in the geriatric population and the increase in the incidence of rheumatoid arthritis and other disabilities are actively boosting the growth of the studied market. For instance, as per the World Population Prospects, there were 771 million people aged 65 years or over globally in 2022 and this number is projected to reach 994 million by 2030 and 1.6 billion by 2050. Such a large geriatric population around the globe is likely to create the need for canes and crutches thereby supporting market growth. Additionally, according to the WHO data updated in July 2022, musculoskeletal diseases (MSD) are the main cause of disability in the world that affected 1.71 billion people globally in 2021. Thus, the burden of MSD is expected to drive demand for canes and crutches, thereby contributing to the overall market growth.
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 USD 17,057.25 (GBP 14,000) on purchasing new crutches and issued around 2,000 pairs to patients. Such initiatives are expected to contribute the market growth.
However, increasing alternatives for canes and crutches is likely to impede the market growth over the forecast period.
Canes and Crutches Industry Segmentation
As per the scope of the report, canes and crutches are used to assist patients with injured or weak legs to balance and allow them to perform daily activities more safely.
The Canes and Crutches Market is segmented by Product Type (Canes (Single canes and Multiple-legged canes), Crutches (Axillary Crutches and Forearm Crutches), and Accessories), Distribution Channel (Hospitals, Online Stores, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
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Global Canes and Crutches Market Size Summary
The canes and crutches market is poised for steady growth, driven by the increasing geriatric population and the rising incidence of musculoskeletal disorders such as rheumatoid arthritis and osteoarthritis. The demand for these mobility aids is further bolstered by government and healthcare institution funding, which supports the acquisition and distribution of crutches and canes. Despite the challenges posed by the COVID-19 pandemic, including supply chain disruptions and aluminum shortages, the market has shown resilience and is expected to return to pre-pandemic growth levels. However, the emergence of alternative mobility solutions, such as multi-legged canes, may pose a challenge to market expansion.
North America is anticipated to lead the market, supported by a robust healthcare infrastructure, a significant geriatric population, and a high prevalence of musculoskeletal disorders. The presence of key industry players in the region further strengthens its market position. The fragmented nature of the market, with numerous global and regional companies, contributes to a competitive landscape. Notable players include Drive, Cardinal Health, Inc., Medline Industries, Inc., and Invacare Corporation, among others. Initiatives like the 'return and reuse' scheme by University College of London Hospitals highlight efforts to promote sustainability in the use of mobility aids, reflecting broader trends in the industry.
Global Canes and Crutches Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rise in the Geriatric Population
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1.2.2 Increase in the Incidence of Rheumatoid Arthritis and Other Disabilities
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1.3 Market Restraints
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1.3.1 Increasing Alternatives for Canes and Crutches
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product Type
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2.1.1 Canes
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2.1.1.1 Single canes
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2.1.1.2 Multiple-legged canes
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2.1.2 Crutches
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2.1.2.1 Axillary Crutches
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2.1.2.2 Forearm Crutches
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2.1.3 Accessories
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2.2 By Distribution Channel
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2.2.1 Hospitals
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2.2.2 Online Stores
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2.2.3 Other Distribution Channels
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Global Canes and Crutches Market Size FAQs
What is the current Global Canes and Crutches Market size?
The Global Canes and Crutches Market is projected to register a CAGR of 4.30% during the forecast period (2024-2029)
Who are the key players in Global Canes and Crutches Market?
Cardinal Health, Inc., Medline Industries, Inc., GF Health Products Inc., NOVA Medical Products and Drive are the major companies operating in the Global Canes and Crutches Market.
