Market Challenges And Opportunities

Axillary Crutches Market Drivers

Increasing prevalence of walking disability is expected to increase demand for axillary crutches and fuel axillary crutches market growth over the forecast period. According to Center for Disease Control and Prevention (CDC), in 2017, an estimated 8.2 million adults were suffering from some kind of walking disability in the U.S.

According to the data published by U.S. Census Bureau in 2012, approximately 30.6 million people in the U.S. has difficulty walking or climbing stairs and they require supportive medical device such as crutches and cane while waking. Such high prevalence of disabilities among population is expected to propel demand for axillary crutches in market.

Majority of the geriatric population experience some problem in walking, which require support such as axillary crutches while walking. Hence, increasing prevalence of geriatric population is expected to increase demand for axillary crutches, which in turn is expected to fuel global axillary crutches market growth over forecast period.

For instance, according to the data published by United Nations Population Fund, people aged 60 years and above accounted for 12.3% of the global population in 2015, which is expected to increase to 22% by 2050, accounting for 2 billion people. According to a survey conducted by Population Reference Bureau in 2016, over 46 million senior citizens were reported of age 65 and above in the U.S. Around 48% of this aging population is disabled due to age factor and chronic diseases.

Furthermore, increasing incidence of road accidents leading to various injuries including severe injuries in legs or permanent disability of legs is increasing the demand for axillary crutches, which in turn is expected to fuel axillary crutches market growth. For instance, according to World Health Organization (WHO), in 2017, around 1.25 million people die annually and more than 20 to 50 million people experience severe injuries and factures, due to road traffic crash.

Axillary Crutches Market Restraint

Presence of alternative devices to axillary crutches is expected to be one of the major factor restraining the axillary crutches market growth over the forecast period. For instance, presence of other walking assisted device such as canes, walkers, and wheelchairs can replace the use of axillary crutches and hinder market growth.