Elderly Walker Market Overviews
The Elderly Walker Market Size is valued at 1.59 billion in 2023 and is expected to reach 2.39 billion by the year 2030 at a 6 % CAGR during the forecast period for 2024-2030.
The ageing population and rising rates of chronic disorders that impair mobility are driving the growth of the elderly walker market. Type, end-use, and geography are used to segment the geriatric walker market. The market is divided into rollators, knee walkers, and normal walkers based on kind. The most popular kind of walker is a standard walker, followed by a rollator. People who temporarily have a condition or injury that impairs one leg use knee walkers. The market is divided into segments for hospitals, home care, and other end uses. Due to the rise in geriatric patients in hospitals, the hospital segment is anticipated to dominate the market throughout the forecasted period. Due to the increasing number of older individuals choosing to remain at home and get care from their relatives, the home care market is also anticipated to expand dramatically. During the projected period, the North American area is anticipated to lead the market, followed by the European and Asia Pacific regions. The dominance of the North American region is linked to the region’s high prevalence of chronic diseases and growing elderly population. The market for geriatric walkers is expanding and has enormous potential. The primary factors driving market expansion are the increased prevalence of chronic diseases and the growing elderly population.
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Elderly Walker Market Scope and Methodology:
market for elderly walkers is increasing. Mobility issues brought on by chronic conditions including Parkinson’s, arthritis, and stroke may necessitate the use of geriatric walkers. An increasing number of people are becoming aware of the advantages of mobility aids, such as geriatric walkers, in preserving older individuals’ independence and quality of life. The demand for these products is rising as a result. Governments all over the world are putting assistance and initiatives in place to assist senior citizens in maintaining their independence and leading active, healthy lives. Included in this is offering financial support for the purchase of mobility equipment. Companies that produce walkers for the elderly are continuously coming up with new ideas and creating new products with enhanced features and functionality. As a result, older walkers are more desirable to users, which is promoting market expansion.
Elderly Walker Market Regional Insights
North America: North America is expected to dominate the elderly walker market during the forecast period. The dominance of the region is attributed to the rising geriatric population, increasing prevalence of chronic diseases and favourable reimbursement policies.
Europe: Europe is expected to be the second-largest market for elderly walkers during the forecast period. The growth of the market in the region is attributed to the rising geriatric population, increasing prevalence of chronic diseases and growing awareness about the benefits of using elderly walkers.
Elderly WalkerMarket Segmentation
By Type: Seniors with minor mobility impairments frequently utilise standard walkers, the most basic sort of walker. Rollators are more sophisticated walkers with wheels and brakes, which make them stable and easier to manoeuvre. Seniors who must keep one leg off the ground due to an accident or surgery utilise knee walkers.
By End-User: For their patients and residents, hospitals and home care organisations buy walkers. Walkers can also be purchased from retail establishments like pharmacies and medical supply shops.
Elderly Walker Market Key Players
TOPRO
Eurovema AB
Vive Health
Tynorindia
Foshan Better Medical Technology Co. Ltd
Besco Medical Co., Ltd.
Sunrise Medical
Briggs Healthcare
Medline Industries
Carex Health Brands
Drive Medical
Invacare Corporation
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Key questions answered in the Elderly Walker Market are:
- What is Elderly Walker ?
- What was the Elderly Walker market size in 2023?
- What is the growth rate of the Elderly Walker Market?
- Which are the factors expected to drive the Elderly Walker market growth?
- What are the different segments of the Elderly Walker Market?
- What growth strategies are the players considering to increase their presence in Elderly Walker ?
- What are the upcoming industry applications and trends for the Elderly Walker Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Elderly Walker Market?
- Who are the leading companies and what are their portfolios in Elderly Walker Market?
- What segments are covered in the Elderly Walker Market?
- Who are the key players in the Elderly Walker market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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