The rise in the orthopaedic surgeries is primarily steered by operations performed for the hip and knee replacements. Furthermore, the surgeries are being done for limb amputations going to the damages and injuries caused in the accidents or due to the various diseases. The number of amputation surgeries is prominently required for patients who have developed gangrene conditions due to extreme diabetes. For example, as per the U.S. Agency for Healthcare Research and Quality, in the U.S, over 550,000 knee replacement surgeries are conducted annually. Aforementioned, factors significantly contribute to the global cane and crutches market growth.
The knee replacement surgeries are mainly performed over the geriatric population owing to their degrading joints. It is the most commonly conducted orthopaedic operation. The rising prevalence of conditions like ankylosing spondylitis (AS), osteoporosis and rheumatoid arthritis (RA) are primarily responsible for the increase in the number of surgeries. For instance, according to a report of Healthline Media that was published in 2018, over 1 million Americans have RA and rheumatoid arthritis affects over 40 in every 100,000 people each year. Similarly, as per the data published by the Spondylitis Association of America, spondyloarthritis is found in approximately 2.7 million people in the U.S which is 1 in over 100 people. Likewise, in 2018, as per the International Osteoporosis Foundation, osteoporosis is projected to affect over 150 million women across the globe, among which nearly 1/10th of women are above 60 years of age, 1/5th of women above 70, 2/5th of women above 80 years of age and 2/3rd of women aged over 90 years.
Furthermore, the number of surgeries is predicted to be increasing, especially the ones related to musculoskeletal disorders that are associated with sports, age-related dysfunction and occupational injuries. For example, as per the Arthritis Foundation, over 50 million adults have been diagnosed with arthritis. Additionally, over 250,000 children and babies have rheumatic or an arthritis condition. Moreover, the commonly diagnosed type of arthritis is osteoarthritis, which affects over 30 million Americans. Thus, according to the figures and data, the demand for canes and crutches as an aid for post-orthopaedic surgery recovery is predicted to expand the global cane and crutches market size during the forecast period.
Key market players include Drive DeVilbiss Healthcare (Medical Depot, Inc.), Cardinal Health, Inc., Medline Industries, Inc., GF Health Products, Inc., NOVA Medical Products, Invacare Corporation, Ergoactives, Sunrise Medica.
GF Health Products, Inc. set up their new global headquarters in Atlanta, Georgia in 2017. The new facility expands into two counties in the Atlanta region. The new headquarter unites regional distribution center and customer showroom which would assist GF Health to gain significant market traction.
In 2015, Ossenberg GmbH and the Mobility Choices Ltd. signed a distribution partnership for performing the distribution of Ossenberg crutches in the UK. The Ossenberg crutches will be available for supplying through the Mobility Choices dealership which would help both Ossenberg and Mobility Choices Ltd to establish their position in the market.
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Global Cane and Crutches Market Segmentation:
o Folding Canes
o Quad Canes
o Offset Canes
o Axillary Crutches
o Forearm Crutches
· Hospital Pharmacies
· Medical Retail Stores
· Online Stores
· North America
· Asia Pacific
· Latin America
· Middle East & Africa
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FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global cane and crutches market by product, by distribution and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and core competencies
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