Press release
Walking Aids Market Size, Analysis, Trends Strategies By 2024-2033
Walking Aids Market
Walking Aids Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.90 billion In 2028 At A CAGR Of 6.5% :
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 in the historic period can be attributed to aging population, prevalence of musculoskeletal disorders, awareness and education, healthcare infrastructure development, rehabilitation programs, government initiatives, and changing lifestyles.
The walking aids market size is expected to sees trong growth in the next few years. It will grow to $3.90 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to rising chronic diseases, urbanization and accessibility, active aging trends, global health challenges, supportive policies, and economic growth. Major trends in the forecast period include innovative product designs, integration of smart technologies, rise in customization options, emphasis on lightweight materials, and telehealth integration.
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Walking Aids Market Major Segments
The walking aids market covered in this report is segmented -
1) By Product Type: Crutches, Canes, Walkers, Rollators, Other Products
2) By Technology: Automated, Manual
3) By End-User: Hospitals And Clinics, Home Care Settings, Other End Users
Key Driver - Rising Prevalence Of Physical Disabilities Fuels Walking Aids Market Growth
The high prevalence of physical disabilities is expected to propel the growth of the walking aid market going forward. Physical disabilities are impairments that substantially limit one or more of an individual's major life activities due to a physical condition. Walking aids help individuals with physical disabilities by enhancing mobility, stability, and independence. For instance, in March 2023, according to the World Health Organization, a Switzerland-based intergovernmental organization, approximately 16% of the global population, or one out of every six individuals, which is around 1.3 billion people, are expected to face notable disabilities in 2023. Therefore, the high prevalence of physical disabilities is driving the growth of the walking aid market.
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Prominent Trend - Exploring The Latest In Power Wheelchair Technology
Major companies operating in the walking aid market are focused on developing innovative products, such as rear-wheel-drive power wheelchairs, to increase their profitability in the market. The rear-wheel-drive power wheelchair is a modern, motorized mobility device designed for individuals with mobility impairments, offering improved agility and support as a walking aid. For instance, Invacare Corporation, a US-based medical equipment company, launched AVIVA STORM RX. It is notable for its smooth ride sure-grip suspension system, which offers a comfortable, quiet ride with minimal vibrations. It also features integrated safety elements like tie-down brackets and LED lighting, an easy-access battery isolation switch for air travel, and an option for high-speed 7.5 mph motors. This wheelchair is particularly user-friendly for those transitioning from manual to power wheelchairs.
Walking Aids Market Players
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
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Largest And Fastest Growing Region In The Market
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Walking Aids Market Report Structure
3. Walking Aids Market Trends And Strategies
4. Walking Aids Market - Macro Economic Scenario
5. Walking Aids Market Size And Growth
…..
27. Walking Aids Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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