Market Overview:
The global folding canes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market is mainly attributed to the increasing geriatric population and rising prevalence of chronic diseases. In addition, growing awareness about the benefits of using folding canes is also contributing to the growth of this market. Based on type, the global folding canes market has been segmented into four convenient parts and three convenient parts. The four convenient parts segment accounted for a major share of the global folding canes market in 2017 and is expected to maintain its dominance during the forecast period. This segment is projected to grow at a CAGR of 5.8% during 2018-2030 owing to its high convenience quotient as it does not require any assembly or disassembly before or after use, respectively.
Product Definition:
A folding cane is a type of walking stick that can be folded up for easy transport and storage. They are often used by people who have difficulty walking, such as the elderly or those with disabilities. Folding canes are typically made from lightweight materials like aluminum or carbon fiber, which makes them easy to carry around. They also feature a built-in handle that allows users to easily fold them up when not in use.
4 Convenient Parts:
4 convenient parts are the most basic and essential requirements of a folding cane. It is used by people who have difficulties in walking or moving around due to old age, disability or some other medical conditions. 4 convenient parts include handle, shaft and two ends (l Bracket/footboard & r Handgrip) that come in various materials such as wood plastic rubber & aluminum alloys.
3 Convenient Parts:
3 convenient parts are the handle, shaft and tip of folding cane. 3CP is a combination of three most popular types of folding canes which are open frame, closed frame and hybrid canes.
Application Insights:
Based on application, the global folding canes market is segmented into hospital pharmacies, medical retail stores and online stores. The hospital pharmacies segment dominated the market in 2017 owing to increasing demand for convenient treatment options among geriatric population and patients with mobility issues. Moreover, growing awareness about advanced treatments such as robotic surgery along with rising incidences of drug-related adverse effects is expected to drive demand from hospitals pharmacists over the forecast period.
The medical retail store segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to factors such as increasing consumer spending power coupled with high disposable income in emerging economies including China India and Brazil will drive growth over the forecast period. In addition, favorable government regulations regarding usage of assistive devices are anticipated further propel industry growth during next eight years or so (2030).
Regional Analysis:
North America dominated the global folding canes market in 2017. The region is expected to maintain its position during the forecast period. Increasing awareness regarding various disabilities, availability of advanced products, and high adoption rate of assistive devices are some factors attributing toward growth in this region.
Asia Pacific is anticipated to be one of the fastest growing regions owing to increasing geriatric population base and rising incidences associated with non-communicable diseases such as cardiovascular diseases and diabetes which require cane assistance for mobility. In addition, favorable government initiatives promoting usage of assistive devices are also contributing toward regional growth.
Growth Factors:
- Increasing geriatric population: The global aging population is increasing at a rapid pace. This is expected to drive the demand for folding canes as they are easy to use and provide independence to seniors.
- Rising awareness about benefits of using folding canes: There is a growing awareness among people about the benefits of using folding canes, which is likely to boost the market growth in the coming years.
- Technological advancements: Folding cane manufacturers are introducing innovative products with advanced features, which is expected to fuel market growth in the near future.
- Growing demand for lightweight and portable devices: Consumers are increasingly looking for lightweight and portable devices that can be easily carried around, which will help propel market growth in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Folding Canes Market Research Report
By Type
4 Convenient Parts, 3 Convenient Parts, Other
By Application
Hospital Pharmacies, Medical Retail Stores, Online Stores
By Companies
Drive DeVilbiss Healthcare, Cardinal Health, Medline Industries, GF Health Products, NOVA Medical Products, Invacare Corporation, Ergoactives, Sunrise Medica
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Folding Canes Market Report Segments:
The global Folding Canes market is segmented on the basis of:
Types
4 Convenient Parts, 3 Convenient Parts, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital Pharmacies, Medical Retail Stores, Online Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Drive DeVilbiss Healthcare
- Cardinal Health
- Medline Industries
- GF Health Products
- NOVA Medical Products
- Invacare Corporation
- Ergoactives
- Sunrise Medica
Highlights of The Folding Canes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 4 Convenient Parts
- 3 Convenient Parts
- Other
- By Application:
- Hospital Pharmacies
- Medical Retail Stores
- Online Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Folding Canes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Folding canes are a type of walking aid that help people with mobility issues walk more easily. They are made from lightweight materials, such as aluminum or carbon fiber, and can be folded up to fit in a pocket or purse. When unfolded, folding canes become sturdy walking sticks that help people navigate their surroundings.
Some of the key players operating in the folding canes market are Drive DeVilbiss Healthcare, Cardinal Health, Medline Industries, GF Health Products, NOVA Medical Products, Invacare Corporation, Ergoactives, Sunrise Medica.
The folding canes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Folding Canes Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Folding Canes Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Folding Canes Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Folding Canes Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Folding Canes Market Size & Forecast, 2018-2028 4.5.1 Folding Canes Market Size and Y-o-Y Growth 4.5.2 Folding Canes Market Absolute $ Opportunity
Chapter 5 Global Folding Canes Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Folding Canes Market Size Forecast by Type
5.2.1 4 Convenient Parts
5.2.2 3 Convenient Parts
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Folding Canes Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Folding Canes Market Size Forecast by Applications
6.2.1 Hospital Pharmacies
6.2.2 Medical Retail Stores
6.2.3 Online Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Folding Canes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Folding Canes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Folding Canes Analysis and Forecast
9.1 Introduction
9.2 North America Folding Canes Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Folding Canes Market Size Forecast by Type
9.6.1 4 Convenient Parts
9.6.2 3 Convenient Parts
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Folding Canes Market Size Forecast by Applications
9.10.1 Hospital Pharmacies
9.10.2 Medical Retail Stores
9.10.3 Online Stores
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Folding Canes Analysis and Forecast
10.1 Introduction
10.2 Europe Folding Canes Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Folding Canes Market Size Forecast by Type
10.6.1 4 Convenient Parts
10.6.2 3 Convenient Parts
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Folding Canes Market Size Forecast by Applications
10.10.1 Hospital Pharmacies
10.10.2 Medical Retail Stores
10.10.3 Online Stores
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Folding Canes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Folding Canes Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Folding Canes Market Size Forecast by Type
11.6.1 4 Convenient Parts
11.6.2 3 Convenient Parts
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Folding Canes Market Size Forecast by Applications
11.10.1 Hospital Pharmacies
11.10.2 Medical Retail Stores
11.10.3 Online Stores
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Folding Canes Analysis and Forecast
12.1 Introduction
12.2 Latin America Folding Canes Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Folding Canes Market Size Forecast by Type
12.6.1 4 Convenient Parts
12.6.2 3 Convenient Parts
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Folding Canes Market Size Forecast by Applications
12.10.1 Hospital Pharmacies
12.10.2 Medical Retail Stores
12.10.3 Online Stores
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Folding Canes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Folding Canes Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Folding Canes Market Size Forecast by Type
13.6.1 4 Convenient Parts
13.6.2 3 Convenient Parts
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Folding Canes Market Size Forecast by Applications
13.10.1 Hospital Pharmacies
13.10.2 Medical Retail Stores
13.10.3 Online Stores
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Folding Canes Market: Competitive Dashboard
14.2 Global Folding Canes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Drive DeVilbiss Healthcare
14.3.2 Cardinal Health
14.3.3 Medline Industries
14.3.4 GF Health Products
14.3.5 NOVA Medical Products
14.3.6 Invacare Corporation
14.3.7 Ergoactives
14.3.8 Sunrise Medica