Increase in the number of orthopedic surgeries is expected to enhance the growth of canes & crutches market from 2018 to 2025.
The North America & Europe canes & crutches market is expected to reach US$ 5,815.1 Mn in 2025 from US$ 2,740.7 Mn in 2017. The North America & Europe canes & crutches market is estimated to grow with a CAGR of 9.9% from 2016-2025. The market is expected to witness growth during the forecast period, owing to increase in the number of orthopedic surgeries.
The rise in the orthopedic surgeries is majorly driven by the surgeries done for the replacements of knee and hip. The surgeries are also been done for the amputations of the limbs due to the damages and injuries caused in the accidents or due to the various diseases. For instance, according to the U.S. Agency for Healthcare Research and Quality, in United States approximately 600,000 knee replacement surgeries are performed per year. The rise in the conditions such as rheumatoid arthritis (RA) and ankylosing spondylitis (AS) and osteoporosis are driving to the number of the surgeries. For instance, according to a report published in 2018 of Healthline Media, rheumatoid arthritis (RA) affects 41 in every 100,000 people per year and near round 1.3 million Americans have RA.
Moreover, the number of surgeries are expected to be rising to the musculoskeletal disorders that are associated with sports, occupational injuries and age-related dysfunction. For instance, according to Arthritis Foundation, in 2017, approximately 54 million adults have been diagnosed with arthritis. In addition, approximately 300,000 babies and children have arthritis or a rheumatic condition. Also the common type of arthritis diagnosed is osteoarthritis, which affects approximately 31 million Americans. Therefore, according to the data and figures, the demand for canes and crutches as an aid for recovery post an orthopedic surgery is anticipated to increase during the forecast period.
The rise in number of orthopedic surgical procedures, would lead to increase in the use of mobility aids such as canes and crutches. Crutches help an individual to move around without putting any weight on your leg or foot, which helps in the process of early recovery post an orthopedic surgical procedure. A cane is available in various forms, such as folding, quad and offset. A quad cane can be preferred for people who need more stability than a standard single-point cane can offer, but who do not need the full support of other mobility devices such as a walker. Canes & crutches helps in gradually increasing the amount of activity one performs around at home post an orthopedic surgery. Hence, the increase in orthopedic surgeries is anticipated to drive the growth of the canes & crutches market during the forecast period.
Some of the prominent players operating in canes & crutches market in North America and Europe are, Carex Health Brands (Compass Health Brands), DRIVE MEDICAL, mikirad, Ottobock, Cardinal Health, Inc., Mobility+Designed, LLC, GF Health Products, Inc., Medline Industries, Inc., BESCO Medical Co., Ltd., and Ossenberg GmbH.