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 & 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.
