Medical Crutches Market, Share, Growth, Trends and Forecastto2032:GlobalMarketInsights
Global Market Insights adds a new report Global Medical Crutches Market Research Report for the period of 2023-2032 that shows the growth of the market is rising at a Steady CAGR to 2032.
Medical Crutches Market is anticipated to depict strong growth through 2032 owing to the rapidly ageing population worldwide. One of the leading factors behind the ageing population is the baby boomer population. Amongst one of the prime generations, boomers hold a substantial share of the population. As per the U.S. Census Bureau, the boomers are set to expand the elderly population and increase to 21% by 2030. Also, by the end of 2060, one in four Americans will be aged above 65 years.
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Overall, the medical crutches industry is segmented in terms of product, material, consumer, payer, distribution channel, end-use and region.
Based on the product, the underarm crutch segment will depict 5.5% CAGR through 2032. The segmental growth can be credited the rising ageing population and an increasing number of orthopedic problems and surgeries. In addition, the rising prevalence of obesity, osteoarthritis, spinal disorders, etc., will also highly influence the product demand.
By material, the wood crutches segment is anticipated to depict considerable demand through 2032. Crutches are made from different materials, in different designs of varying qualities, and available at different prices. Besides, these crutches are light, durable, easy to move around, come in different designs, and are feasible for any weather.
In terms of consumers, the adult segment will hold a substantial market share through 2032. Increasing awareness about orthopedic disorders and available treatment options among adult individuals will boost the growth of medical crutches. In addition, the rise in disorders in the lower limb extremities will also positively impact the overall segment expansion.
Based on payer, the public segment is anticipated to witness notable growth during the analysis timeframe. Increasing public funding, growing traction, and the surging introduction to favorable policies by the authorities for the crutches are key factors driving the segment expansion.
By distribution channel, the hospital pharmacies segment was valued at over USD 489 million in 2022. Easy accessibility and optimum customer service are some of the key benefits offered by hospital pharmacy stores. Besides, these facilities also deliver immediate gratification and
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allow the development of strong customer relationships through direct sales, which will help the market to grow over the forecast time spell.
In terms of end-use, the home care settings segment could reach over USD 423 million by 2032. Increasing preference for homecare settings due to cost-effectiveness, limited capacity, and convenience will favor segment growth.
PartialTableofContents(ToC)ofthereport:
Chapter2 ExecutiveSummary
2.1 Medical crutches industry 3600 synopsis, 2018 - 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Material trends
2.1.4 Consumer trends
2.1.5 Payer trends
2.1.6 Distribution channel trends
2.1.7 End-use trends
2.1.8 Regional trends
Chapter3 MedicalCrutchesIndustryInsights
3.1 Industry landscape, 2018 – 2032 (USD Million)
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Low cost of medical crunches
3.2.1.2 Growing number of people suffering from non - fatal injuries
3.2.1.3 Rising prevalence of bone related diseases
3.2.1.4 Increasing geriatric population and other disabilities
3.2.1.5 Presence of supportive government initiatives
3.2.2 Industry pitfalls & challenges
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3.2.2.1 Availability of alternative options for medical crutches
3.2.2.2 Injuries Associated with crutch use
3.3
3.3.1
3.3.2
3.3.3
3.3.4
3.7
3.11
3.12
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