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.
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The medical crutches market is expected to grow at a steady rate of around 7% owing to the increasing road accidents. Major companies in the market that offer medical crutches are Sunrise Medical, Nova Medical Products, Millennial Medical, Valley Tool & Die Inc., IWALKFree Inc.
According to UnivDatos Market Insights (UMI)’ research report “Global Medical Crutches Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing incidences of chronic diseases and rising investment in clinical research.
Based on 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.
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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.
Asia Pacific to witness extensive growth
For a better understanding of the market adoption of the medical crutches industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of 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.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the medical crutches market are 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.
“Global Medical crutches Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Product (Underarm Crutch, Forearm Crutch, Tetrapod Crutch, Leg Support Crutch, Platform Crutch, and Others)
2. By Material (Wood, Metal Alloys, Carbon or Glass Fiber Reinforced Composites, Thermoplastic, nd Carbon Fiber Reinforced Polymer)
3. By Region (North America, Europe, Asia-Pacific, Rest of the World)
4. By Company (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.)
Key questions answered in the study:
1. What are the current and future trends of the global medical crutches industry?
2. How the industry has been evolving in terms of product and material?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global medical crutches industry?
5. What is the customer orientation, purchase behavior, and expectations from the global suppliers across various region and countries?
