Walking Aids Industry Overview
The global walking aids market size is expected to reach USD 4.2 billion by 2030 at a CAGR of 7.1%, according to a new report by Grand View Research, Inc. The market is expected to witness significant growth during the forecast period owing to the increasing disability rates caused due to rising incidence of malnutrition and infectious, non-infectious, & congenital diseases; growing prevalence of diabetes; and increasing geriatric population & number of accidents/traumas.
The introduction of devices with new features such as rollators with the attached laser for Parkinson's patients is anticipated to propel market growth over the forecast period. The rise in disposable income coupled with an increase in awareness in developed countries is anticipated to further boost market demand.
The high prevalence of osteoporosis & arthritis and increasing awareness & adoption of canes, crutches, & walkers are expected to drive market growth during the forecast period. Moreover, factors such as technological advancements, an increasing number of initiatives & funding by governments & international organizations, and a rising number of post-surgery rehabilitation programs are likely to contribute to market growth.
In addition, the demand for better quality, more efficient, sustainable, and cost-efficient walking aids is rising owing to the increasing number of disabled individuals participating in the workforce. Therefore, urging the need for advanced and cost-effective walking aids. However, the lack of reimbursement and the availability of a wide range of refurbished products in the market is restraining the market growth.
Walking Aids Market Segmentation
Grand View Research has segmented the global walking aids market based on type, and region:
Based on the Type, the market is segmented into Rollators, and Others.
- Rollators held the largest market share in 2021, accounting for more than 67.2% of the total market revenue. The ability of rollators wheel to eliminate the need for lifting the device and enable directional control is further facilitating its usage over the forecasted period.
- The global walking aids market is divided into rollators and others. This segment is anticipated to witness lucrative growth over the forecasted period due to the high prevalence of osteoporosis & arthritis, increasing awareness, and increasing adoption of canes, crutches, & walkers.
Key Companies & Market Share Insights
New product development, distribution channel enhancement, and collaboration are some of the key strategic initiatives undertaken by these market players. For instance, in September 2021, TOPRO acquired the entire share capital of AssiTech. The acquisition will complete the existing product offering of the company. Some of the prominent players in the global walking aids market include:
- HUMAN CARE
- Evolution Technologie
- Invacare Corporation
- Benmor Medical
- Carex Health Brands
- Eurovema AB
- TOPRO
- Briggs Healthcare
- Drive medical design
Order a free sample PDF of the Walking Aids Market Intelligence Study, published by Grand View Research.
About Grand View Research
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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