The latest Medical Crutches Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Medical Crutches Market is valued approximately USD 683.10 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6.50% over the forecast period 2022-2029.
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Medical crutches are a form of mobility tool that make it easier for people to shift their weight from their legs to their upper bodies. People who suffer from temporary disabilities or long-term disabilities use these medical crutches.The Medical Crutches market is expanding because of factors such as high prevalence of bone related diseases such as osteoporosis, arthritis and other and significant number of people suffering from non – fatal injuries. However, availability of alternatives such as knee walker and wheelchairs may halt market growth.
The Organization for Economic Cooperation and Development (OECD) reports that the countries with the greatest rates of traffic accidents in 2021 were Japan, Korea, Germany, and Italy.
In Japan, there were around 361,562 injuries from traffic accidents in 2021, compared to 323,129 injuries in Germany. Additionally, the UNICEF reported that around 240 million children be born with a disability in November 2021. Additionally, according to the WHO, vehicle traffic accidents are the number one killer of children. As a result, high prevelance of accidents and disabilities is augumenting the market growth. In addition, high incidence of limb loss and product launches activities is creating a lucrative growth to the market.
The key regions considered for the Global Medical Crutches Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to increasingly ageing population, the presence of favorable government regulations, and the development of advanced healthcare infrastructure are some of the factors causing its large share. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, rising road accidents, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
Major market players included in this report are:
Sunrise Medical
Nova Medical Products
Millennial Medical
Chinesport
IWALKFree
Cardinal Health
Home Medical Products
New York Millennium Pharmaceutical
AMG Medical
Breg, Inc
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Product:
Underarm Crutch
Forearm Crutch
Tetrapod Crutch
Leg Support Crutch
Others
By Material:
Wood
Metal Alloy
Carbon Or Glass Fiber Reinforced Composite
Others
By End Use:
Children
Adults
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Some Questions Answered in the Global Medical Crutches Market Report:
- What is the projected size of the global Medical Crutches market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Medical Crutches industry?
- What are the major market trends that are affecting the expansion of the Medical Crutches market?
- What obstacles must be overcome in order to achieve sustained growth in the Medical Crutches market?
- What opportunities and threats do vendors in the global Medical Crutches market face?
- What are the raw materials and manufacturing equipment used in the production of Medical Crutches Market, and what is the manufacturing process?
- What are the different types and applications of Medical Crutches Market, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Medical Crutches market?
- What factors are driving the growth of the Medical Crutches market in the top regions worldwide?
- Who are the major players in the global Medical Crutches market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Medical Crutches market?
- What are the main findings of a five forces analysis of the global Medical Crutches market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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