Canes and Crutches Market - Growth, Trends, and Forecast (2020 - 2025)
|出版商||Mordor Intelligence LLP||商品編碼||925330|
|出版日期||內容資訊||英文 120 Pages
|全球手杖與拐杖市場:成長，趨勢，預測(2020∼2025) Canes and Crutches Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日期: 2020年02月01日||內容資訊: 英文 120 Pages||
The canes and crutches market studied was projected to grow with a CAGR of nearly 4.3% over the forecast period. The major factor attributing to the growth of the market is the increasing geriatric population globally. The elder people are susceptible to various orthopedic conditions. Furthermore, a rise in the number of knees, hip, and joint replacement surgeries along with the rise in the number of vehicle collisions resulting in limb amputation of the patients with major injuries will boost the market growth. According to International Osteoporosis Foundation, in 2018 it is estimated that over 200 million people globally suffer from osteoporosis. Approximately 30% of all postmenopausal women have osteoporosis in the United States and in Europe. Aging of populations worldwide will be responsible for a major increase in the incidence of osteoporosis in postmenopausal women and indirectly boosting the market growth. However, the increasing alternatives to the canes and crutches are a major drawback of market growth.
Canes Segment is Dominating the Canes and Crutches Market.
North America Dominates the Market and Expected to do Same in the Forecast Period
North America is expected to dominate the overall market, throughout the forecast period. The market growth is due to factors such as the high rise of the geriatric population in the region, high incidence of diseases like arthritis, osteoporosis, etc, established healthcare infrastructure are some of the key factors accountable for its large share in the market. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers expected to increase market growth. In this region, the United States has the maximum share due to supportive healthcare policies, increasing geriatric population, and a developed healthcare market.
The canes and crutches market is moderately competitive and consists of several major players. Some of the market players are Medical Depot, Inc, Cardinal Health, Inc., Medline Industries, Inc., GF Health Products Inc., NOVA Medical Products, Invacare Corporation, Ergoactives, Sunrise Medical.