The North America Walkers and Rollators Market would witness market growth of 4.6% CAGR during the forecast period (2022-2028).
Rollators and walkers have become more and more common, with individuals using them for routine. Keeping up with all the new products and services that hit the market each year is challenging. They are ideal for those with disabilities who find it difficult to use a standard walker or who have problems walking over long distances. However, many individuals use them to maintain their physical activity and strength, which is advantageous for people of all ages.
However, technological advancements and the use of the latest technologies have brought down the cost of rollators and walkers to a certain point, making them more accessible. And it is very likely that as production technology advances and the cost of raw materials declines, the price of walkers will continue to fall in the years to come. Investors are enthused about this market despite the existence of competition problems due to the growing need for products that assist with mobility. The rollators and walkers market is expected to grow and have opportunities as a result of these factors.
In the United States, the population of 65 years and above amounted to 54.1 million in 2019. The increase in the elderly population signifies dependency on the younger population and rising expenditure on healthcare. Elderly people are vulnerable to diseases like arthritis, Parkinson’s, decreased mobility, etc. This will increase the utilization of rollators and walkers among elderly people. Canadians take part in a wide variety of sports and other entertaining activities which also increase the risk of getting severe sport related injuries. The rising chances of severe injuries and increased old aged population is predicted to support the market growth in North America region.
The US market dominated the North America Walkers and Rollators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $548.4 Million by 2028. The Canada market is poised to grow at a CAGR of 6.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.3% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Rollators and walkers have become more and more common, with individuals using them for routine. Keeping up with all the new products and services that hit the market each year is challenging. They are ideal for those with disabilities who find it difficult to use a standard walker or who have problems walking over long distances. However, many individuals use them to maintain their physical activity and strength, which is advantageous for people of all ages.
However, technological advancements and the use of the latest technologies have brought down the cost of rollators and walkers to a certain point, making them more accessible. And it is very likely that as production technology advances and the cost of raw materials declines, the price of walkers will continue to fall in the years to come. Investors are enthused about this market despite the existence of competition problems due to the growing need for products that assist with mobility. The rollators and walkers market is expected to grow and have opportunities as a result of these factors.
In the United States, the population of 65 years and above amounted to 54.1 million in 2019. The increase in the elderly population signifies dependency on the younger population and rising expenditure on healthcare. Elderly people are vulnerable to diseases like arthritis, Parkinson’s, decreased mobility, etc. This will increase the utilization of rollators and walkers among elderly people. Canadians take part in a wide variety of sports and other entertaining activities which also increase the risk of getting severe sport related injuries. The rising chances of severe injuries and increased old aged population is predicted to support the market growth in North America region.
The US market dominated the North America Walkers and Rollators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $548.4 Million by 2028. The Canada market is poised to grow at a CAGR of 6.6% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.3% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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
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Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Walkers and Rollators Market, by Type
1.4.2 North America Walkers and Rollators Market, by Distribution Channel
1.4.3 North America Walkers and Rollators Market, by Application
1.4.4 North America 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. North America Walkers and Rollators Market by Type
3.1 North America 4-wheeler Market by Country
3.2 North America 3-wheeler Market by Country
3.3 North America Others Market by Country
Chapter 4. North America Walkers and Rollators Market by Distribution Channel
4.1 North America Offline Market by Country
4.2 North America Online Market by Country
Chapter 5. North America Walkers and Rollators Market by Application
5.1 North America 65 to 85 years old Market by Country
5.2 North America Above 85 years old Market by Country
5.3 North America Young Market by Country
Chapter 6. North America Walkers and Rollators Market by Country
6.1 US Walkers and Rollators Market
6.1.1 US Walkers and Rollators Market by Type
6.1.2 US Walkers and Rollators Market by Distribution Channel
6.1.3 US Walkers and Rollators Market by Application
6.2 Canada Walkers and Rollators Market
6.2.1 Canada Walkers and Rollators Market by Type
6.2.2 Canada Walkers and Rollators Market by Distribution Channel
6.2.3 Canada Walkers and Rollators Market by Application
6.3 Mexico Walkers and Rollators Market
6.3.1 Mexico Walkers and Rollators Market by Type
6.3.2 Mexico Walkers and Rollators Market by Distribution Channel
6.3.3 Mexico Walkers and Rollators Market by Application
6.4 Rest of North America Walkers and Rollators Market
6.4.1 Rest of North America Walkers and Rollators Market by Type
6.4.2 Rest of North America Walkers and Rollators Market by Distribution Channel
6.4.3 Rest of North America 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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