Global Walking Aids Market, Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Forecast to 2029
“Global Walking Aids Market” is the title of a report that is in the process of study and analysis at MarketResearch.biz. In the report, various aspects and scenarios are considered, which include current and future scenarios. In addition, the report also includes verified information and data, which are gathered from industry experts. Exhaustive primary and secondary efforts are invested to ensure the accuracy of the report. Extensive paid sources are used to validate gathered and analyzed data and information. The report also provides insights into restraints, major trends, Y-o-Y growth, growth factors, future forecast & opportunities. In the report, various potential revenue generation opportunities in untapped markets are also highlighted. Recent developments, Company details, acquisitions, and mergers, effective strategies, etc. are included in the profile pat of the report. The global walking aids market is segmented on the basis of type and region.
Walking aids are devices, which assist people with mobility impairment to walk or to improve mobility. Walking aids are also known in other name, ambulatory assistive devices. Multiple categories of walking sticks are available in the market, which include canes, crutches, and walkers. Various kinds of canes such as white canes, quad canes, and forearm canes are available. White canes are specifically designed for visually impaired population that enables them to detect objects in their path. Quad canes are designed with four feet at the edge of the cane, which enables users to have a wider base and greater stability. Forearm canes offer users forearm support and allow weight to be distributed from the wrist to the arm. Some canes are foldable or adjustable. Canes used for non-medical purposes are known as walking sticks. There are also different types of crutches and walkers such as axillary (underarm) crutches, lofstrom (forearm) crutches, platform crutches, rollators, knee walkers, and walker-cane hybrids. Although a mobility solution, walking aid has different benefits and challenges to confront with by users. Using walking aids has various benefits to its users such as reducing pain, more independence, and increasing self-esteem and confidence.
Due to many key factors, demand for walking aids has been increasing in the global walking aids market. Among the major factors, increasing geriatric population, growing prevalence of Parkinson’s and arthritis, regulatory policies, and favorable reimbursement framework are expected to drive the walking aids market during the forecast period. In addition, increasing number of road accidents is another factor driving the demand for the product. The elderly population is prone to fall very often and this fall can result in happening various damages to different parts of the body such as pelvis, hip, spine and femur fractures. This damages hamper their ability to mobilize easily. Falling is considered as the second leading reason for unintentional injury or accidental deaths globally. Due to falls, approximately 424,000 individuals die every year. Nearly 19.4 million adults are unable to walk at least quarter-mile in the US and around 40.7 million adults have at least one physical disability in the US. These factors are expected to increase demand for walking aids in the global walking aids market during the forecast period. The rate of adoption of these devices is expected to increase due to favorable reimbursement policies offered by various organizations. Medicare has listed walking aids in its durable medical equipment category and that is expected to increase demand for waking aids in the global walking aid market. In addition, increasing number of geriatric population is expected to result in growth of the global walking aids market.
Global Walking Aids Market Segment Analysis:
By Type: Among the type segments, the rollators segment accounts for highest revenue share currently, and is expected to continue its dominance over the forecast period in the global walking aids market. This growth is attributed to the directional control of rollators’ wheel without lifting the device. The growth is also attributed to increasing geriatric population globally.
Global Walking Aids Market Regional Analysis:
The Europe walking aids market is projected to continue to maintain its dominance in terms of significantly high revenue share, and is expected to continue its dominance over the forecast period. Growth of the market in the region is attributed to advanced healthcare infrastructure, favorable government policies, and a high number of aging people in the region.
Global Video Intercom Devices Market Segmentation:
- Low cost
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- AMG Medical
- Apex Health Care
- Besco Medical
- Bischoff & Bischoff
- Drive Medical
- Ergo Agil
- Jiangsu Yuyue Medical Equipment & Supply
- Lapastilla Soluciones Integrales
- Medpack Swiss Group
- Merits Health Products
- ORTHOS XXI
- Roma Medical Aids
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