Medical Crutches Market by Product and Geography - Forecast and Analysis 2022-2026

The predicted growth for the medical crutches market share from 2021 to 2026 is USD 412.58 million at a progressing CAGR of 7.07%.

This medical crutches market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers medical crutches market segmentation by:

• Product - Hand crutches and Leg crutches
• Geography - North America, Europe, Asia, and Rest of World (ROW)

The medical crutches market report also offers information on several market vendors, including AMG Medical Inc., Breg Inc., Cardinal Health Inc., CHINESPORT S.p.a, DiaMedical USA, iWALKFree Inc., Jianlian Homecare Products Co. Ltd., MIKIRAD Grzegorz Kicior, Millennial Medical, NOVA Medical Products, Ossenberg GmbH, Parsons ADL Inc., and Sunrise Medical LLC among others.

What will the Medical Crutches Market Size be During the Forecast Period?

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Medical Crutches Market: Key Drivers, Trends, and Challenges

The growing geriatric population and a rise in the number of orthopedic cases and accidents is notably driving the medical crutches market growth, although factors such as the influence of local vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the medical crutches industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Medical Crutches Market Driver

One of the key factors driving growth in the medical crutches market is the growing geriatric population and a rise in the number of orthopedic cases and accidents. The use of medical crutches is mainly driven by the increasing number of orthopedic conditions such as rheumatoid arthritis, knee problems, and lower extremities pain. These conditions are mainly affecting the older population. This led to an increase in the dependency of individuals on family members and caregivers for their mobility, which creates demand for medical crutches. The number of accident cases is also increasing. Accidents include unintentional injuries, unintentional falls, and road accidents. The victims of these injuries need after-treatment care for speedy recovery. In most of the cases, the issue is related to bones, which limits the patients' mobility. With the use of crutches, they can easily overcome this challenge. Thus, the growing geriatric population and the rise in the number of orthopedic cases and accidents are expected to fuel the growth of the global medical crutches market.

Key Medical Crutches Market Trend

The online marketing and sales of medical crutches is a medical crutches market trend that is expected to have a positive impact in the coming years. Online marketing is a tool that helps end-users seek cost-efficient products and time-efficient delivery. Thus, they will obtain the requested products within a short period. Vendors are using promotional strategies with the help of online marketing to increase the accessibility of their products, which, in turn, drives product sales. The strategies related to online marketing also help vendors minimize the business setup, distribution, and operational costs. Online shopping portals provide customers with information regarding the types, functions, and specifications of medical crutches. Online marketing allows vendors to measure their products' sales volume and calculate the associated revenue. Suppliers and vendors have increased their focus on online marketing strategies because of the growing demand for mobility aid products, including medical crutches, from end-users.

Key Medical Crutches Market Challenge

The influence of local vendors will be a major challenge for the medical crutches market during the forecast period. Medical crutch vendors do not need a huge capital investment to manufacture crutches. Some exceptions also exist such as technologically advanced leg crutches or knee scooters, which demand a significant capital investment. Since most of the medical crutches are easy to manufacture, many new vendors are entering the market, focusing on regional customers. Multinational players are affected by the growth of the local players. Regional players can sell crutches in the local market at an affordable price. At the same time, owing to the high cost of production, the global players cannot reduce the price of their products. In such cases, the global players may reduce their R and D investments to reduce the price of their products and remain competitive in the market.  Thus, the growth of the local players is expected to hinder the growth of the global medical crutches market.

This medical crutches market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global medical crutches market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the medical crutches market during the forecast period.

Who are the Major Medical Crutches Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AMG Medical Inc.
• Breg Inc.
• Cardinal Health Inc.
• CHINESPORT S.p.a
• DiaMedical USA
• iWALKFree Inc.
• Jianlian Homecare Products Co. Ltd.
• MIKIRAD Grzegorz Kicior
• Millennial Medical
• NOVA Medical Products
• Ossenberg GmbH
• Parsons ADL Inc.
• Sunrise Medical LLC

 

This statistical study of the medical crutches market encompasses successful business strategies deployed by the key vendors. The medical crutches market is fragmented and the vendors are deploying growth strategies such as using promotional strategies with the help of online marketing to increase the accessibility of their products, minimize the business setup, distribution, and operational costs to compete in the market.

Product Insights and News

• AMG Medical Inc. - AMG Medical Inc. is a privately held company headquartered in Canada. It is a country company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global medical crutches market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• AMG Medical Inc. - The company offers medical crutches that feature unique contoured accessories that not only provide superior ergonomic comfort but are also smooth and easy to clean.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The medical crutches market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Medical Crutches Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the medical crutches market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Medical Crutches Market?

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37% of the market's growth will originate from Asia during the forecast period. China and India are the key markets for medical crutches in Asia. Market growth in this region will be faster than the growth of the market in other regions.

The increase in the number of vendors entering the market will facilitate the medical crutches market growth in Asia over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 spread into Asia in 2020. The sales and manufacturing units of medical crutches were temporarily shut down in the region. However, in 2021, due to the availability of COVID-19 vaccines and the vaccination drives carried out by the governments of Asian countries, operations in manufacturing facilities of medical crutches were resumed. Therefore, the demand for medical crutches has increased, which will lead to market growth during the forecast period.

What are the Revenue-generating Product Segments in the Medical Crutches Market?

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The medical crutches market share growth by the hand crutches segment will be significant during the forecast period. The growth rate of this segment largely depends on the customers' adaptability of the product. Since hand crutches are the most common type of crutches and finding that a large number of patients are comfortable with them compared to leg crutches, many vendors have started investing in hand crutches. Moreover, the manufacturing cost of hand crutches is less compared with that of leg crutches. Owing to these factors, the hand crutches segment is expected to grow during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the medical crutches market size and actionable market insights on post COVID-19 impact on each segment.

 

Medical Crutches Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.07%
Market growth 2022-2026	$ 412.58 million
Market structure	Fragmented
YoY growth (%)	6.98
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	Asia at 37%
Key consumer countries	US, Germany, France, China, and India
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AMG Medical Inc., Breg Inc., Cardinal Health Inc., CHINESPORT S.p.a, DiaMedical USA, iWALKFree Inc., Jianlian Homecare Products Co. Ltd., MIKIRAD Grzegorz Kicior, Millennial Medical, NOVA Medical Products, Ossenberg GmbH, Parsons ADL Inc., and Sunrise Medical LLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Medical Crutches Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive medical crutches market growth during the next five years
• Precise estimation of the medical crutches market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the medical crutches industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of medical crutches market vendors

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