The global canes and crutches market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth.
With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each canes and crutches market player in a comprehensive way.
Further, the canes and crutches market report emphasizes the adoption pattern of the canes and crutches across various industries.The canes and crutches market report highlights the following players:Cardinal Health, Inc.Medline Industries, Inc.GF Health Products, Inc.NOVA Medical ProductsThe canes and crutches market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.Workplace equality regulations, observed in nearly 45 countries across the world, have had a strong influence on the employment opportunities for the physically-challenged populace.
According to the U.S. Bureau of Labour, 18.7% of the total disabled populace in the U.S. was employed in 2017, up from 17.9% in 2016.
Governments in India and China have mandated around 6% reservation for disabled individuals, especially in the public sector, which is creating high sales prospects for players in the canes and crutches marketHowever, reimbursement coverage on advanced walking aids could create reluctance among end users towards the adoption of canes and crutches.
Considering the impact of these aforementioned undercurrents, an exclusive report published by Fact.MR foresees the canes and crutches market to exhibit moderate growth over the following decade.Key Highlights of Canes and Crutches Market StudyProvision of grants and insurance to disabled individuals, especially in the U.S. and the U.K., enhances the affordability quotient, thereby resulting in increased adoption of canes, crutches, and similar accessories.Robotic assistive systems are viable substitutes, which could deter the sales prospects of canes and crutches to some extent.