The Asia Pacific Walkers and Rollators Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
The senior population's increased prevalence of musculoskeletal conditions, including rheumatoid arthritis and osteoarthritis, has also increased demand for better, more advanced walkers and rollators, which supports the growth of the walkers and rollators market. Additionally, the rise in R&D activities for walkers and rollators has improved healthcare services, and considerable government investments have improved healthcare infrastructure, making them crucial instruments for small & large businesses.
Due to the rapidly rising senior populations in nations like China, and India, there is a growing need for walkers & rollators in developing countries as well. This will create a profitable walkers & rollators Market opportunity in the approaching years. The aging population is rapidly expanding. Caregiving will face enormous issues as the population ages. The loss of movement is one of the issues that the aging population faces the most.
To maintain the elderly's independence, personal assistance mobility gadgets are highly requested. The walkers are one of the more popular types of assistive technology because they are so straightforward in their utilization of the user's residual mobility abilities. In addition to the physical advantages of being in a standing position, there are also significant psychological advantages, such as preserving social relationships and self-worth.
Japan's population is aging quickly; in 2017, there were 27.7% of people over 65. This percentage is the highest in the world and is expected to keep rising until it reaches 38.4% in 2065. In Japan, there were about 28.6% of people over the age of 65 in 2020. In 2020, there were 22.66 million senior households (private households with persons 65 or older). There were 6.72 million elderly homes with just one individual. There were roughly twice as many women as men among them. The average lifespan in Japan in 2020 was 81.6 years for men and 87.7 years for women. Walkers will be used more frequently for walking, balance, and other activities as the aging population grow, which will fuel market expansion in the APAC region.
The China market dominated the Asia Pacific Walkers and Rollators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $177.3 Million by 2028. The Japan market is experiencing a CAGR of 4.9% during (2022 - 2028). Additionally, The India market would display a CAGR of 6.2% during (2022 - 2028).
Based on Type, the market is segmented into 4-wheeler, 3-wheeler, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Application, the market is segmented into 65 to 85 years old, Above 85 years old, and Young. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eurovema Mobility AB (Weland AB), Karman Healthcare, Inc., Drive DeVilbiss Healthcare (Medical Depot, Inc.), Compass Health Brands Corporation, Human Care HC AB, Invacare Corporation, GF Health Products, Inc., Evolution Technologies Inc., Benmor Medical Ltd., and Briggs Healthcare Corporation.
The senior population's increased prevalence of musculoskeletal conditions, including rheumatoid arthritis and osteoarthritis, has also increased demand for better, more advanced walkers and rollators, which supports the growth of the walkers and rollators market. Additionally, the rise in R&D activities for walkers and rollators has improved healthcare services, and considerable government investments have improved healthcare infrastructure, making them crucial instruments for small & large businesses.
Due to the rapidly rising senior populations in nations like China, and India, there is a growing need for walkers & rollators in developing countries as well. This will create a profitable walkers & rollators Market opportunity in the approaching years. The aging population is rapidly expanding. Caregiving will face enormous issues as the population ages. The loss of movement is one of the issues that the aging population faces the most.
To maintain the elderly's independence, personal assistance mobility gadgets are highly requested. The walkers are one of the more popular types of assistive technology because they are so straightforward in their utilization of the user's residual mobility abilities. In addition to the physical advantages of being in a standing position, there are also significant psychological advantages, such as preserving social relationships and self-worth.
Japan's population is aging quickly; in 2017, there were 27.7% of people over 65. This percentage is the highest in the world and is expected to keep rising until it reaches 38.4% in 2065. In Japan, there were about 28.6% of people over the age of 65 in 2020. In 2020, there were 22.66 million senior households (private households with persons 65 or older). There were 6.72 million elderly homes with just one individual. There were roughly twice as many women as men among them. The average lifespan in Japan in 2020 was 81.6 years for men and 87.7 years for women. Walkers will be used more frequently for walking, balance, and other activities as the aging population grow, which will fuel market expansion in the APAC region.
The China market dominated the Asia Pacific Walkers and Rollators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $177.3 Million by 2028. The Japan market is experiencing a CAGR of 4.9% during (2022 - 2028). Additionally, The India market would display a CAGR of 6.2% during (2022 - 2028).
Based on Type, the market is segmented into 4-wheeler, 3-wheeler, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Application, the market is segmented into 65 to 85 years old, Above 85 years old, and Young. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eurovema Mobility AB (Weland AB), Karman Healthcare, Inc., Drive DeVilbiss Healthcare (Medical Depot, Inc.), Compass Health Brands Corporation, Human Care HC AB, Invacare Corporation, GF Health Products, Inc., Evolution Technologies Inc., Benmor Medical Ltd., and Briggs Healthcare Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Type
- 4-wheeler
- 3-wheeler
- Others
By Distribution Channel
- Offline
- Online
By Application
- 65 to 85 years old
- Above 85 years old
- Young
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Eurovema Mobility AB (Weland AB)
- Karman Healthcare, Inc
- Drive DeVilbiss Healthcare (Medical Depot, Inc.)
- Compass Health Brands Corporation
- Human Care HC AB
- Invacare Corporation
- GF Health Products, Inc
- Evolution Technologies Inc
- Benmor Medical Ltd
- Briggs Healthcare Corporation
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Walkers and Rollators Market, by Type
1.4.2 Asia Pacific Walkers and Rollators Market, by Distribution Channel
1.4.3 Asia Pacific Walkers and Rollators Market, by Application
1.4.4 Asia Pacific Walkers and Rollators Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Walkers and Rollators Market by Type
3.1 Asia Pacific 4-wheeler Market by Country
3.2 Asia Pacific 3-wheeler Market by Country
3.3 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Walkers and Rollators Market by Distribution Channel
4.1 Asia Pacific Offline Market by Country
4.2 Asia Pacific Online Market by Country
Chapter 5. Asia Pacific Walkers and Rollators Market by Application
5.1 Asia Pacific 65 to 85 years old Market by Country
5.2 Asia Pacific Above 85 years old Market by Country
5.3 Asia Pacific Young Market by Country
Chapter 6. Asia Pacific Walkers and Rollators Market by Country
6.1 China Walkers and Rollators Market
6.1.1 China Walkers and Rollators Market by Type
6.1.2 China Walkers and Rollators Market by Distribution Channel
6.1.3 China Walkers and Rollators Market by Application
6.2 Japan Walkers and Rollators Market
6.2.1 Japan Walkers and Rollators Market by Type
6.2.2 Japan Walkers and Rollators Market by Distribution Channel
6.2.3 Japan Walkers and Rollators Market by Application
6.3 India Walkers and Rollators Market
6.3.1 India Walkers and Rollators Market by Type
6.3.2 India Walkers and Rollators Market by Distribution Channel
6.3.3 India Walkers and Rollators Market by Application
6.4 South Korea Walkers and Rollators Market
6.4.1 South Korea Walkers and Rollators Market by Type
6.4.2 South Korea Walkers and Rollators Market by Distribution Channel
6.4.3 South Korea Walkers and Rollators Market by Application
6.5 Singapore Walkers and Rollators Market
6.5.1 Singapore Walkers and Rollators Market by Type
6.5.2 Singapore Walkers and Rollators Market by Distribution Channel
6.5.3 Singapore Walkers and Rollators Market by Application
6.6 Malaysia Walkers and Rollators Market
6.6.1 Malaysia Walkers and Rollators Market by Type
6.6.2 Malaysia Walkers and Rollators Market by Distribution Channel
6.6.3 Malaysia Walkers and Rollators Market by Application
6.7 Rest of Asia Pacific Walkers and Rollators Market
6.7.1 Rest of Asia Pacific Walkers and Rollators Market by Type
6.7.2 Rest of Asia Pacific Walkers and Rollators Market by Distribution Channel
6.7.3 Rest of Asia Pacific Walkers and Rollators Market by Application
Chapter 7. Company Profiles
7.1 Invacare Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 Benmor Medical Ltd.
7.2.1 Company Overview
7.3 Drive DeVilbiss Healthcare (Medical Depot, Inc.)
7.3.1 Company Overview
7.4 Compass Health Brands Corporation
7.4.1 Company Overview
7.5 Eurovema Mobility AB (Weland AB)
7.5.1 Company Overview
7.6 Briggs Healthcare Corporation
7.6.1 Company Overview
7.7 Karman Healthcare, Inc.
7.7.1 Company Overview
7.8 Human Care HC AB
7.8.1 Company Overview
7.9 GF Health Products, Inc.
7.9.1 Company Overview
7.10. Evolution Technologies Inc.
7.10.1 Company Overview
Companies Mentioned
- Eurovema Mobility AB (Weland AB)
- Karman Healthcare, Inc.
- Drive DeVilbiss Healthcare (Medical Depot, Inc.)
- Compass Health Brands Corporation
- Human Care HC AB
- Invacare Corporation
- GF Health Products, Inc.
- Evolution Technologies Inc.
- Benmor Medical Ltd.
- Briggs Healthcare Corporation
Methodology
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