Growing geriatric generation, higher number of accidents and increased elderly population are thriving the Sales of Assisted Walking Devices. North America is forecasted to hold 35.6% of the revenue in the global assisted walking devices market by the end of 2032
NEWARK, Del., July 18, 2022 /PRNewswire/ -- The assisted walking devices market is likely to flourish its growth at a CAGR of 6.4% and reach a valuation of USD 6.33 bn by 2032, while it holds a revenue of USD 3.62 Bn in 2022.
Increased average old age, huge consumer base coupled with increasing incidences and rise in prevalence is summing up and fueling the sales of assisted walking devices like walkers, rollators, knee scooters, wheelchairs etc.
The government financial support and initiatives are also thriving the sales of assisted walking devices. Neurological diseases & injuries are also pushing the demand for assisted walking devices.
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Walking assist devices provide balance, support, and ultimately, the subsequent ability to survive independently. The aforementioned factors are responsible for the increasing geriatric population getting attracted to these devices, fueling the demand for assisted walking devices.
Sales of assisted walking devices are attributed to the latest technological integration with the assistive devices that help the disable end users are holding hands with the government and private spaces to adopt these innovative devices that help walking disabled people.
Demand for assisted walking devices has increased from the last forecast period as governments have increased healthcare expenditure and funding for technological integration like the use of robotics in these assistive devices to help the patient.
Key Takeaways from Market Study
- According to the assisted walking devices market analysis states that walker segment is the leading vehicle type segment in the assisted walking devices market, attributing to enhanced stability by this equipment, higher mobility and its helping factor in physical activities in physically handicapped individuals.
- Gait trainers' segment is expected to witness a maximum CAGR of 8.6% during the forecast period. This is due to the rising number of cerebral palsy and Parkinson's disease, proliferating spinal injuries. These fuels the sales of assisted walking devices.
- North America is forecasted to hold the major revenue in the global Assisted walking devices market by the end of 2032, holding 35.6% of revenue while thriving on triggers like high prevalence of target diseases, such as arthritis, Parkinson's disease, and other chronic disabilities in this region.
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"The assisted walking devices market survey explains that the use of platforms like artificial intelligence, machine learning and robotics are shaping the trends for the market. The manufacturers look for new innovative ideas to make sure that the end user gets the most of the help. The high number of accidents happening leads to the use of these devices more often. Introduction of the latest advanced mobility scooters, automated rollators and transfer lifts." says a Future Market Insights analyst.
Competitive Landscape
Assisted walking devices market has various key competitors that focus on expanding their supply chain while expanding the sales channel. The key competitors focus on advancing technology and experimenting with the latest tools to deliver better convenience. This makes the competitive landscape more dynamic and versatile, owing to the expansion of assisted walking devices market size.
- Eastman has introduced its UV repellent Assisted walking devices to prevent the damages of everything driving like rocks and pebbles, road salt, road debris and sand. This pushes the demand for Assisted walking devices.
- Solar Screen smart film solution has launched its adhesive film automotive, enabling the end user to tint the windows and windscreens using a variety of colors, flourishing the sales of Assisted walking devices.
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Key Segments Covered in Assisted walking devices Industry Research
By Product Type:
- Canes
- Crutches
- Walkers
- Gait Trainers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Investment Feasibility Matrix
3.6. PESTLE and Porter's Analysis
3.7. Regulatory Landscape
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
4. Global Assisted Walking Devices Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
TOC continued..!
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About the Healthcare Division at Future Market Insights
The Healthcare team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analysing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
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