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Axillary Crutches Market - Size, Share, Outlook, and Opportunity

08-31-2018 03:37 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Axillary Crutches Market - Size, Share, Outlook,

Axillary crutches are the mobility aids used by individuals suffering from walking disability, factures, paralysis, and leg injuries. Axillary crutches transfer the weight from legs to the arms/shoulders and support the movement of individuals who are unable to walk due to some disability. Axillary crutches are lightweight and they are available in various materials, which includes aluminum, stainless steel, and wooden. Axillary crutches are adjustable in size and can be adjusted as per the user need, height, and comfort. Furthermore, key players in the market are involved in developing various axillary crutches with new designs to provide comfort to its users.

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Axillary Crutches Market Drivers

Increasing prevalence of walking disability is expected to increase demand for axillary crutches and fuel axillary crutches market growth over the forecast period. According to Center for Disease Control and Prevention (CDC), in 2017, an estimated 8.2 million adults were suffering from some kind of walking disability in the U.S.

According to the data published by U.S. Census Bureau in 2012, approximately 30.6 million people in the U.S. has difficulty walking or climbing stairs and they require supportive medical device such as crutches and cane while waking. Such high prevalence of disabilities among population is expected to propel demand for axillary crutches in market.

Majority of the geriatric population experience some problem in walking, which require support such as axillary crutches while walking. Hence, increasing prevalence of geriatric population is expected to increase demand for axillary crutches, which in turn is expected to fuel global axillary crutches market growth over forecast period.

For instance, according to the data published by United Nations Population Fund, people aged 60 years and above accounted for 12.3% of the global population in 2015, which is expected to increase to 22% by 2050, accounting for 2 billion people. According to a survey conducted by Population Reference Bureau in 2016, over 46 million senior citizens were reported of age 65 and above in the U.S. Around 48% of this aging population is disabled due to age factor and chronic diseases.

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Furthermore, increasing incidence of road accidents leading to various injuries including severe injuries in legs or permanent disability of legs is increasing the demand for axillary crutches, which in turn is expected to fuel axillary crutches market growth. For instance, according to World Health Organization (WHO), in 2017, around 1.25 million people die annually and more than 20 to 50 million people experience severe injuries and factures, due to road traffic crash.

Axillary Crutches Market Regional Analysis

North America is expected to hold a dominant position in global axillary crutches market, owing to presence of key players in region and rapid research and development activities for the development of new axillary crutches with novel design, shape, which make walking more easy and painless. For instance, in 2016, Mobility Designed, LLC, a U.S-based company, designed a novel axillary crutch with a reinvented design, which places body weight on the forearms and provides a painless walk with crutch.

Asia Pacific axillary crutches market is expected to witness significant growth owing to increasing geriatric population, which is expected to increase demand for axillary crutches in the aged people suffering from walking disability. For instance, according to the data published by United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in 2016, Asia Pacific region constitutes around 60% of the world’s geriatric population. It is estimated that in 2016, around 547 million people were aged above 60 years in Asia Pacific region and this number is expected to double and reach around 1.3 billion by 2050.

Axillary Crutches Market Restraint

Presence of alternative devices to axillary crutches is expected to be one of the major factor restraining the axillary crutches market growth over the forecast period. For instance, presence of other walking assisted device such as canes, walkers, and wheelchairs can replace the use of axillary crutches and hinder market growth.

Axillary Crutches Market Key Players

Key players operating in global axillary crutches market include: Cardinal Health, Inc., Ossenberg GmbH, Invacare Corporation, Millennial Medical, LLC, NOVA Medical Products, Carex Health Brands Inc., GF Health Products, Inc., MIKIRAD Grzegorz Kicior, and Ergoactives.

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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