Market Trends of Global Canes and Crutches Industry
This section covers the major market trends shaping the Canes & Crutches Market according to our research experts:
The Multiple-legged Canes Segment is Expected to Witness Healthy Growth Over the Forecast Period.
The multiple-legged cane, which has more than three tips, provides a broader support base. Multiple-legged canes help reduce falls and are necessary for persons with hip osteoarthritis or inflammatory arthritis to make everyday tasks easier. An increase in the incidence of diseases like osteoarthritis and rheumatoid arthritis associated with the geriatric population is a prime factor that affects the mobility of the patients, and as a result, the demand for canes is likely to increase. For instance, according to an article published by the Archives of Rehabilitation Research and Clinical Translation, in September 2022, patients with hip osteoarthritis have greater hip loading on the healthy side than on the affected side. Cane reduces the ground reaction force and hip joint load on the affected side. Additionally, according to an article published by Frontiers Media S.A., in November 2022, in old age, osteoarthritis patients are mostly exposed to continual limitations in daily life activities. Since osteoarthritis is more common in the geriatric population, this will likely increase the demand for the product.
Furthermore, as per the Organisation for Economic Co-operation and Development (OECD), the share of people above 65 years of age in the total population increased from 16.83% in 2018 to 17.26% in 2021. With the increase in the geriatric population, the demand for multi-legged canes increases, therefore driving the market growth over the forecast period.
North America is Expected to show a Significant Growth in 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, the growing geriatric population, the strong presence of industry players in the region, and better healthcare infrastructure. For instance, according to Arthritis Society Canada's data published in September 2021, 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 is 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 canes and crutches market is expected to grow in the country.
Furthermore, according to the statistics of the Arthritis Foundation, in 2022, osteoarthritis is the most common form of arthritis, affecting more than 32.5 million in the Americas, and about half of the knees with anterior cruciate ligament(ACL) injuries develop osteoarthritis within 5 to 15 years. By 2040, 78 million Americans are projected to have osteoarthritis. With the increase in anterior cruciate ligament injuries, the demand for canes and crutches increases, thereby driving the growth of the market.
