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Some prominent medical crutches market players are;
Many firms in the field have been increasingly turning to mergers and acquisition to expand their industry presence in a relatively quick manner. Citing an instance, in January 2023, Ottobock, a German health-tech company announced the acquisition of Pace Rehabilitation, a UK-based provider of prosthetic and rehabilitation services.
This strategic move will help Ottobock grow its patient care network in the UK. Through this acquisition, the company gets an opportunity to enhance and complement its product portfolio in the country.
North America medical crutches market is poised to record a valuation of more than USD 660 million by 2032, driven by the growing prevalence of orthopaedic disorders in the region.
Some of key players partaking in market share include names such as Sunrise Medical, IWALKFree, Inc., AMG Medical, Millennial Medical, Nova Medical Products, Cardinal Health, and Invacare, among others.
Aluminum segment is slated to witness a valuation of over USD 543 million by 2032, due to the high stability and durability of these crutches.
Global market for medical crutches was valued at over USD 920.5 million and is anticipated to grow at over 5% CAGR from 2023 to 2032, owing to increasing incidence of bone-related disorders across the globe.