The walking aids global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Walking Aids Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
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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Scope Of Walking Aids Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Walking Aids Market Overview
Market Drivers -
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.
Market Trends -
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.
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
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Regional Insights -
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.
Key Companies -
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
Table of Contents
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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