Between 2023 and 2033, the global Canes and Crutches Market is estimated to grow at a CAGR of 3.8%. With a present valuation of $975.9 million, it is expected to reach $1.42 billion by 2033.
These basic mobility devices are especially important for the elderly and those with walking difficulties. The increased demand for canes and crutches is closely related to the global drop in birth rates. This demographic transition has resulted in a significant increase in the aging population, which will serve as the principal driver of increased cane and crutch shipments in the next years.
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In a world where health consciousness is growing, the global market for canes and crutches is expanding rapidly. These critical mobility aids are becoming increasingly important in supporting persons with a wide range of mobility needs, moving the industry forward. As countries around the world prioritize health and wellbeing, the canes and crutches business is leading the way in delivering critical solutions for those seeking more mobility and independence.
Key Factors Influencing Future Sales of Canes and Crutches
Increased healthcare infrastructure development is driven by the rising prevalence of chronic diseases and higher hospitalization rates. Governments and non-profits are launching initiatives to improve access to healthcare equipment. For example, in December 2021, the Disability Justice Network Ontario opened a free mobility equipment library, allowing people to borrow canes, crutches, and wheelchairs.
The demand for mobility devices like canes and crutches surged due to accidents and trauma. However, the COVID-19 pandemic disrupted global supply chains, leading to shortages and oversupply of materials. In October 2021, hospitals in Utah and Canada faced severe shortages of mobility equipment, highlighting the impact of supply chain issues on the industry.
How Start-ups Are Shaping Global Product Standards
Start-ups are revolutionizing the mobility equipment market by integrating advanced technologies to improve safety and user experience. New cane and crutch manufacturers are leveraging e-commerce to expand their reach globally.
Parachute Health, founded in 2015, is transforming the way patients acquire mobility devices by offering easy online access to products like canes, crutches, and wheelchairs.
Torchit, an Indian start-up, is introducing cutting-edge solutions with technologies like machine learning and AI. Their smart cane, Saarthi, boasts 99.7% obstacle detection accuracy.
Mobilio, a San Francisco-based start-up, provides a sensor system for walkers, wheelchairs, canes, and crutches, ensuring safer movement by helping users avoid hazards.
Competitive Landscape:
Leading cane and crutch manufacturers are prioritizing the launch of innovative products embedded with smart technologies to address the evolving needs of global consumers and patients.
In May 2022, CAN Mobilities, dedicated to advancing human mobility, introduced the CAN Go. This smart cane integrates advanced sensors with mobile and web interfaces, offering enhanced safety and independence for individuals with mobility challenges.
Key Segments of Canes and Crutches Industry Research
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By Product :
- Canes
- Folding Canes
- Quad Canes
- Offset Canes
- Crutches
- Axillary Crutches
- Forearm Crutches
- Accessories
- Canes
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By Distribution Channel :
- Hospital Pharmacies
- Medical Retail Stores
- Online Stores
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By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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