Press release
Medical Crutches Market is expected to grow at a CAGR of around 7% from 2022-2028
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The Medical crutches market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the medical crutches market. The Medical crutches market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the medical crutches market at the global and regional levels.
Market Overview
Crutches are artificial supports, made of wood or metal, used by those who need aid in walking because of injury, disease, or birth defects. The increasing number of accidents and the rising number of surgeries are the important factors that drive the market for medical crutches. For instance, as per the WHO, between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability because of their injury. Furthermore, technological advancements in the field of medical crutches are also responsible for the market growth of medical crutches.
The Medical crutches Market is expected to grow at a steady rate of around 7% owing to the increasing number of viral diseases. Major companies in the market that offer medical crutches are Sunrise Medical, Nova Medical Products, Millennial Medical, Valley Tool & Die Inc., IWALKFree Inc., Cardinal Health.
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COVID-19 Impact
COVID-19 has a staggering effect and has a negative on the global market and the market for medical crutches also had a step down during this period. This is mainly due to the strict regulation of social isolation, lockdowns, and restricted transportation affecting the supply chain for medical crutches manufacturing. Furthermore, people spent most of their time at home and the hospitals were dealing only with emergency cases. Thus, the demand for crutches decreased.
The global medical crutches market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
• Based on the product, the market has been categorized into an underarm crutch, forearm crutch, tetrapod crutch, leg support crutch, platform crutch, and others. Among them, the underarm crutch segment is expected to have significant growth in the market. The rising number of surgeries coupled with the high prevalence of the disorders that cause long-term disability are the important factors that drive the segmental growth of underarm crutches. For instance, 310 million major surgeries are performed each year, and around 40 to 50 million in the USA and 20 million in Europe.
• Based on the material, the market has been categorized into wood, metal alloys, carbon or glass fiber reinforced composites, thermoplastic, and carbon fiber reinforced polymer. Among them, the carbon fiber reinforced polymer segment is expected to have significant growth in the market during the forecast period. This is mainly due to the higher tensile strength, rigidity, and environmental resistance of the carbon fibers. Furthermore, the increasing geriatric population with the rising incidences of permanent disability rises the demand for carbon fiber polymer in crutches.
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Medical crutches Market Geographical Segmentation Includes:
• North America (United States, Canada, and Rest of North America)
• Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
• Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World
APAC constitutes a significant medical crutches market due to the presence of a large population and a higher number of reported accidents in the region. For instance, as per the national crime bureau report 2019, a total of 437,396 road accidents, 27,987 railway accidents, and 1,788 railway crossing accidents were reported in India 2019.
The major players targeting the market include
• Sunrise Medical
• Nova Medical Products
• Millennial Medical
• Valley Tool & Die Inc.
• IWALKFree Inc.
• Cardinal Health
• Home Medical Products Inc.
• New York Millennium Pharmaceutical Co. Ltd.
• AMG Medical
• Breg Inc.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Medical crutches market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the medical crutches market?
• Which factors are influencing the medical crutches market over the forecast period?
• What are the global challenges, threats, and risks in the medical crutches market?
• Which factors are propelling and restraining the medical crutches market?
• What are the demanding global regions of the medical crutches market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
About UnivDatos Market Insights
UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.
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