Assisted Walking Device Industry Overview
The global assisted walking devices market size was valued at USD 3.4 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 6.6% during the forecast period. Key factors attributed to the growth are the overwhelming geriatric population figures, rise in prevalence of target diseases, such as arthritis, and Parkinson's disease, and rise in the total number of surgical operations globally. Furthermore, financial support and initiatives undertaken by government and private organizations to encourage the use of assistive mobility devices are expected to boost the market growth.
The COVID-19 pandemic has significantly impacted the market. During the pandemic, the manufacturing of assisted walking devices was halted due to a stay-at-home order by the government. It has led to a disoriented supply chain. In addition, due to limited financial resources, there is less investment in the research and development of assisted walking devices. However, the market has shown slight growth in the second half of 2020 and is expected to grow post-pandemic as well due to a rise in the prevalence of diseases such as obesity, which occurred due to inactivity and isolation during the pandemic. The rise in this has led to the use of walking devices by bariatric patients.
Gather more insights about the market drivers, restrains and growth of the Global Assisted Walking Device market
The increased prevalence of target diseases including Rheumatoid Arthritis and Parkinson's disease is expected to propel the usage rates of assisted walking devices during the forecast period. The rise in the total number of surgical operations creates a high demand for assisted walking devices as they are employed in rehabilitation programs to gradually restore body balance and promote muscle functioning in sedentary, handicapped individuals.
Initiatives hosted by government and private organizations provide access to equipment demonstrations at centers that furnish patients with relevant advice related to making an equipment choice suited to a specific disability. Additionally, patients with chronic illnesses or long-standing disabilities are exempted from paying VAT on mobility products. The governments of the countries, the U.S., and the U.K. offer special grants to physically-handicapped patients to purchase this equipment. Independent organizations including Charity search, Disablement Information, and Advice Lines (DIAL) network, Rica, and Shop mobility are actively engaged in providing varied services for the physically disabled seeking solutions. The World Health Organization (WHO) has declared the Priority Assistive Products List, which has been published to promote equitable access to assistive mobility devices to those in need, and further, the list serves to outline reimbursement policies and provide guidance in matters related to purchasing these devices.
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Assisted Walking Devices Market Segmentation
Grand View Research has segmented the assisted walking devices based on product type, distribution channel, end-User and region:
Assisted Walking Devices Product Type Outlook (Revenue, USD Million, 2018 - 2030)
- Canes
- Crutches
- Walkers
- Gait Trainers
Assisted Walking Devices Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
Assisted Walking Devices End-User Outlook (Revenue, USD Million, 2018 - 2030)
Assisted Walking Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- February 2021: Invacare Corporation announces the launch of Invacare® AVIVA® STORM RX
power wheelchair.
Key Companies profiled:
Some of the prominent players operating in the global assisted walking devices market include:
- Medline Industries Karman,
- Benmor Medical,
- Briggs Healthcare,
- Carex Health Brands,
- TOPRO,
- Invacare Corporation,
- Drive medical design,
- Eurovema AB
- HUMAN CARE
Order a free sample PDF of the Assisted Walking Device Market Intelligence Study, published by Grand View Research.
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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