Walking Aids Global Market Report 2024

The walking aids market size has grown strongly in recent years. It will grow from $2.81 billion in 2023 to $3.03 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth observed in the historical period can be attributed to several factors, including an aging population, the prevalence of musculoskeletal disorders, increased awareness and education, development of healthcare infrastructure, implementation of rehabilitation programs, government initiatives, and changes in lifestyles.

The walking aids market size is expected to sees trong growth in the next few years. It will grow to $3.9 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to various factors, including the increase in chronic diseases, urbanization, and accessibility improvements, as well as active aging trends, global health challenges, supportive policies, and economic growth. Key trends expected during this period encompass innovative product designs, the integration of smart technologies, a surge in customization options, a focus on lightweight materials, and the integration of telehealth services.

The anticipated rise in the prevalence of physical disabilities is set to drive the growth of the walking aid market in the future. Physical disabilities, which significantly restrict one or more major life activities due to a physical condition, affect individuals' mobility and independence. Walking aids play a crucial role in supporting individuals with physical disabilities by improving mobility, stability, and independence. For example, as reported by the World Health Organization in March 2023, approximately 16% of the global population, equivalent to around 1.3 billion people, are projected to experience significant disabilities in 2023, representing one out of every six individuals. Consequently, the heightened prevalence of physical disabilities acts as a catalyst propelling the growth of the walking aid market.

Key players in the walking aid market are concentrating on the development of innovative products, such as rear-wheel-drive power wheelchairs, aimed at enhancing their market profitability. Rear-wheel-drive power wheelchairs represent modern, motorized mobility devices tailored for individuals with mobility impairments, providing enhanced agility and support as walking aids. For instance, Invacare Corporation, a US-based medical equipment company, introduced AVIVA STORM RX. Renowned for its smooth ride sure-grip suspension system, it delivers a comfortable, quiet ride with minimal vibrations. Additionally, it incorporates integrated safety features such as tie-down brackets and LED lighting, along with an accessible battery isolation switch for air travel, and an option for high-speed 7.5 mph motors. This wheelchair is particularly user-friendly for individuals transitioning from manual to power wheelchairs.

In August 2021, TOPRO, a mobility aids manufacturer headquartered in Norway, acquired AssiTech for an undisclosed sum. This strategic move is intended to enhance TOPRO's growth trajectory and broaden its product range by incorporating AssiTech's innovative assistive mobility technology, particularly AssiStep, while also leveraging the expertise of AssiTech's team. AssiTech AS, based in Norway, specializes in the development and manufacturing of mobility aids.

Major companies operating in the walking aids market report are Cardinal Health Inc., Hill-Rom Holdings Inc., OttoBock Healthcare GmbH, Invacare Corporation, Numotion LLC, Permobil AB, Sunrise Medical LLC, Pride Mobility Products Corporation, Etac Ab, Golden Technologies, Direct Healthcare Group Ltd., Graham-field Health Products Inc., Küschall, Vermeiren Group, Medical Depot Inc., Levo AG, Merits Health Products Co. Ltd., Nova Medical Products Inc., Meyra GmbH, Medline Industries LP, Human Care HC AB, Karman Healthcare Inc., Timago, Besco Medical Limited, TOPRO Industri AS, Bischoff & Bischoff.

North America was the largest region in the walking aids market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the walking aids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the walking aids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Walking aids are devices crafted to aid individuals with mobility challenges, whether stemming from injury recovery, disabilities, or age-related walking difficulties. They enhance balance, mitigate fall risks, and foster independence by furnishing support during walking endeavors. Often adjustable, these aids ensure a comfortable and ergonomic fit for users of varying heights and requirements.

The primary product types within walking aids encompass crutches, canes, walkers, rollators, and others. Crutches serve to expand an individual's base of support and redistribute weight from the legs to the upper body. These aids may feature diverse technologies including automated and manual mechanisms. They find utility across various end-user settings such as hospitals and clinics, home care environments, among others.

The walking aids market research report is one of a series of new reports that provides walking aids market statistics, including walking aids industry global market size, regional shares, competitors with walking aids market share, detailed walking aids market segments, market trends, and opportunities, and any further data you may need to thrive in the walking aids industry. This walking aids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The walking aids market consists of sales of knee scooters, gait trainers, portable wheelchair ramps, stair climbing aids, power scooters, and electric wheelchairs. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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