Published Date: 21-Feb-2023
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According to a new report, published by KBV research, The Global Medical Crutches Market size is expected to reach $1.05 billion by 2028, rising at a market growth of 6.5% CAGR during the forecast period.
The Underarm segment is showcasing a CAGR of 6.7% during (2022 - 2028). The growth is result of its usage by individuals recovering from surgery or those with an amputated leg. These crutches require less upper body strength and body control than other crutches, making them ideal for weaker patients. Also, their height and handgrip height can be adjusted. High limb loss incidences, combined with their ability to be adjusted and the requirement of less upper body strength, will propel the segment’s growth.
The Adults segment acquired maximum revenue share in the Global Medical Crutches Market by End-user in 2021 thereby, achieving a market value of $570.8 Million by 2028. This is because adults between18-64 are a crucial part of the world population. Many people suffer from accidents, amputation, long-and short-term disabilities. In addition, many of the surgeries are conducted on people in this age group. These factors, coupled with the increasing world population, are expected to propel the segment’s growth in the projected period.
The Carbon Or Glass Fiber Reinforced Composite segment has shown the growth rate of 7.2% during (2022 - 2028). Their ability to not bend or break easily, as they are considered the strongest and the lightest, propels the segment’s growth. Crutches made from these raw materials are also utilized by people suffering from obesity. In addition, they have high flexibility, corrosion resistance, and higher tensile strength. These features of the carbon or glass fiber-reinforced composite crutches are expected to surge the market expansion.
The North America market dominated the Global Medical Crutches Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $358.5 Million by 2028. The Europe market is exhibiting a CAGR of 6.3% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/medical-crutches-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Breg, Inc. (Orthofix Medical Inc.), Cardinal Health, Inc., Sunrise Medical, Inc., Nova Medical Products, Millennial Medical, CHINESPORT S.p.a., iWALKFree, Inc., Home Medical Products, Valley Tool & Die, Inc., and A.M.G. Medical, Inc.
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Unique Offerings from KBV Research
North America Medical Crutches Market Future Scope & Opportunities 2022-2028
Europe Medical Crutches Market Size & Growth Forecast 2022-2028
Asia Pacific Medical Crutches Market Size, Share & Industry Outlook to 2028
LAMEA Medical Crutches Market Growth, Trends & Forecasts 2022-2028