Overview and Scope
Walking aids are devices designed to assist people with mobility challenges, such as those recovering from injuries, dealing with disabilities, or facing age-related difficulties in walking. They help improve balance by reducing the risk of falls and enabling individuals to maintain their independence by providing support while walking. Walking aids are often adjustable, ensuring a comfortable and ergonomic fit for users of various heights and needs.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting 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.
Key Industry 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
The walking aids market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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