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Mounting Geriatric Population to Amplify the Growth of the Global Canes & Crutches Market
Posted: Nov 09, 2024
In 2022, the size of the Global Canes & Crutches Market was evaluated at USD 750 million, and is expected to grow at a CAGR of around 4.1% from 2024 to 2030. The increasing geriatric population, ankylosing spondylitis arthritis, musculoskeletal disorders, rising incidences of osteoporosis, and accidental disabilities are estimated to mount the Global Canes & Crutches Industry size in the coming years
Moreover, the rising commonness of conditions such as rheumatoid arthritis and other disabilities is actively propelling the growth of the Global Canes & Crutches Market.
Wide Adoption of Multiple Legs Cranes to be a Trending Aspect in the Canes & Crutches Industry
Canes with more than one leg offer a broader support base as they assist in reducing the risk of falls and maintaining stability. These multi-legged canes are one of the best options for individuals with inflammatory arthritis or hip osteoarthritis to make everyday tasks easier. Thus, the increased incidence of osteoarthritis and rheumatoid arthritis is influencing the demand for canes, further supporting the canes & Crutches Market.
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Online Stores Holds a Significant Share of the Canes & Crutches Market
Based on Distribution Channels, the Global Canes & Crutches Market is categorized into the following segments:
Out of these, the online stores hold a prominent share of the Canes & Crutches Industry and is estimated to be one of the lucrative distribution channels in the year ahead due to the rising popularity of online purchases, and the availability of better rates with discounts.
Online platforms offer several advantages such as easy orders, cost-saving deals, easy orders, and the increasing empowering e-commerce portals that ensure the fastest delivery of products. Thus, such benefits are aiding in enhancing this segment with its rising adoption by consumers, further adding to the global market share.
Dominating Players of the Global Canes & Crutches Industry
According to the Global Canes & Crutches Industry, the leading players of the industry are:
North America Dominates the Global Canes & Crutches Industry
Geographically, the Canes & Crutches Market expands across:
Among these, North America leads the Global Canes & Crutches Industry due to the rise in healthcare & a rising geriatric population. The improvements in the healthcare sector, the strong presence of the market participants, and advancements in technology in the region play a potential role in the surging demand for canes & crutches in the region.
Additionally, the fueling investments of government & top players to improve healthcare further supplement the Global Canes & Crutches Industry.
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals.