LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global medical crutches market to grow at a CAGR of over 5% during the forecast period, according to their latest market research report.
The online marketing and sales of medical crutches are one of the major trends being witnessed in the global medical crutches market 2018-2022. 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.
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According to Technavio analysts, one of the key factors contributing to the growth of the global medical crutches market is the growing geriatric population and a rise in the number of orthopedic cases and accidents:
Global medical crutches market: 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.
According to a senior analyst at Technavio for research on orthopedics and medical devices, “The orthopedic 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.”
Global medical crutches market: Segmentation analysis
The global medical crutches market research report provides market segmentation by product (hand crutches and leg crutches) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, the hand crutches segment held the largest market share in 2017, contributing to over 89% of the market. This application segment will dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for close to 41% share, followed by EMEA and APAC respectively. The region is expected to retain its dominant position during the forecast period.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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