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Global Market Insights Inc. adds Global Medical Crutches Market Report focuses on the major drivers and restraints for the Global key players. It also provides analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
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Medical Crutches Market Analysis & Forecast to 2032 by Key Players, Share, Trend, Segmentation © 2023 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Medical Crutches Market Overview • 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. • 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. © 2023 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Continue:- • 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. © 2023 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
360° Industry Analysis • 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 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. © 2023 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
Key Players are • Millennial Medical • Sunrise Medical • IWALKFree Inc. • AMG Medical • Millennial Medical • Nova Medical Products • Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/medical-crutches-market © 2023 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com
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