Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 2.20 Billion |
| USD 3.95 Billion | |
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Global Walking Aids Market, By Type (Rollators, Walkers, Others), Technology (Manual, Automated) – Industry Trends and Forecast to 2029.
Walking aids are referred as ambulatory assistive devices. A walking aid is one of several devices that may be given to a patient to help them improve their walking pattern, balance, or safety while moving around independently. Walking aids with various useful features are available to help people with various physical disabilities. Walkers are the first assistive devices used after a lower-limb injury or surgery. These are also while progressing to mobilization.
Data Bridge Market Research analyses that the walking aids market which was USD 2.2 billion in 2021, would rocket up to USD 3.95 billion by 2029, and is expected to undergo a CAGR of 7.6% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Rollators, Walkers, Others), Technology (Manual, Automated)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Invacare Corporation (U.S.), Benmor Medical Ltd. (U.K.), Human Care Systems (U.S.), Briggs Healthcare (U.S.), Carex (U.S.), TOPRO (India), Hill-Rom Services, Inc (U.S.), Eurovema Mobility AB (Sweden), Pride Mobility Products Corp. (U.S.), Stryker (U.S.), Patterson Companies Inc. (U.S.), Evolution Technologies (Canada), GF Health Products, Inc. (U.S.) and Karman Healthcare Inc. (U.S.)
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Market Opportunities
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Market Definition
Mobility aids are useful for muscle skeletal and neuromuscular problems. These mobility aids reduce the weight-bearing from the lower limb. Assistive devices such as walkers, canes, crutches and prostheses which can help people whose walking ability is impaired. Walking aids can help people who have muscle weakness, poor balance, poor flexibility, degenerative diseases or injuries that make it difficult to get around.
Drivers
Nearly 19.4 million adults in the United States are unable to walk a quarter-mile, according to data from the Centers for Disease Control and Prevention. In addition, approximately 40.7 million adults in the United States have at least one physical function disability. As a result, the high prevalence of physical disabilities is expected to fuel market growth even further.
Rollators had the largest market share, accounting for more than 67.2% of total market revenue, in 2021. The ability of rollators wheels to eliminate the need for lifting the device and enable directional control makes its use even more convenient over the forecast period.
Furthermore, the demand for walking aids will increase throughout the forecast period of 2022 to 2029 due to an increase in road accidents. Additionally, the market will grow due to the ageing population, a favourable reimbursement system, an increase in disposable income, and an increase in osteoporosis cases.
Opportunities
According to World Bank statistics published in 2019, approximately 15.0% of the world's population and 20 to 25.0% of the elderly population have some form of disability, and this is expected to rise in demand of walking aids in upcoming years. Improved accessibility and social acceptance are some major factors which will create lucrative opportunities for the growth of walking aids market.
Restraints/Challenges
High cost of walking aids and lack of awareness amongst people regarding walking aids will obstruct the market's growth rate. The rising cost of supply chain and logistics had an adverse effect on the company’s finances and liquidity.
This walking aids market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the walking aids market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The COVID-19 pandemic initially reduced demand for the product. The pandemic severely hampered the supply chain. The pandemic impacted global shipping and logistics of mobility and personal care products, resulting in high container shipping costs. The rising cost of supply chain and logistics has had a negative impact on the company's finances and liquidity. With the effective COVID-19 protocols and government guidelines, the market is steadily increasing in every region as the need and demand for the devices grows.
The walking aids market is segmented on the basis of type and technology. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
Technology
The walking aids market is analysed and market size insights and trends are provided by country, type and technology as referenced above.
The countries covered in the walking aids market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the walking aids market due to the presence of advanced healthcare infrastructure, favourable government policies and a high aging population are some factors contributing to its large share.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the presence of high unmet needs in this region as well as increasing economic development are among the factors expected to contribute to significant growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The walking aids market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to walking aids market.
Some of the major players operating in the walking aids market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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