Pune, Dec. 09, 2022 (GLOBE NEWSWIRE) -- As per the report published by Growth Plus Reports the Global Walking Assist Devices Market was estimated at US$ 7.42 billion in 2021 and is expected to surpass a valuation of US$ 11.32 billion by 2030, progressing at a CAGR of 4.81% from 2022 to 2030. The report provides a detailed analysis of top winning strategies, drivers & opportunities, competitive scenario, wavering market trends, market size, statistics & estimations, and major investment pockets.
Walking assist devices emerge as a promising option for treatment and improving mobility.
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The global walking assist devices market has been analysed from three different perspectives – product type, distribution channel, and region.
Excerpts from ‘By Product Segmentation’
Canes, crutches, walkers, and other devices make up the four product-based segments of the global market for walking assistance devices. The canes sector is further broken down into quad and folding canes, and the walker segment is split into normal, rolling, and hemi models. The walker category dominated the market with a high share in 2021. Walkers are preferred to other mobility devices in large part because they provide more stability, enabling users to move around on their own without assistance, and because they provide wider support than other walking aids, encouraging physical activity in people with physical limitations. The aforementioned problems have also led to an increase in the demand for walkers as rehabilitation equipment.
Excerpts from ‘By Distribution Channel Segmentation’
The global market for walking assistance devices is divided into online and offline categories based on the distribution channel. Since consumers can purchase anything, they need online without having to leave their home, which is without a doubt one of the major benefits of online shopping, it is predicted that the online segment will dominate the market in by the end of 2030. Customers can choose the products or services they require from any supplier, anywhere in the world, more easily when they shop online. The potential for a broader selection than at chain stores and the freedom to browse without time constraints or other pressures are tremendous.
Excerpts from ‘By Region Segmentation’
The market is distributed over North America, Europe, Asia Pacific, and the rest of the world based on geographic dispersion. North America held large revenue share in 2021 due to the massive number of elderly residents. The availability of state-of-the-art medical facilities and established reimbursement practises are the main factors affecting the market in this field. The high prevalence of target diseases in this area, such as arthritis, Parkinson's disease, and other chronic disabilities, is also expected to have had a significant impact on the market's growth throughout the years. Additionally, it is anticipated that this market would expand over the course of the forecast period as a result of the accessibility of these mobility aids for persons with impairments at reduced costs. Furthermore, During the projection period, the Asia Pacific region is anticipated to see the highest CAGR. The alarming geriatric population count in Asia Pacific nations like China, India, and Japan, the rising prevalence of chronic deformities in this region's population, the increase in public and private healthcare spending, and the rise in disposable incomes are major determinants of the high growth. Also, the advancement of different technological aspects is enhancing the market growth rate exponentially. For example, in Japan most of the old people use advanced multi-wheeled walking trolly with better technology.
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Excerpts from ‘Competitive landscape’
Some of the most prominent competing companies of global walking assist Devices market are:
Besco Medical Limited
Electric mobility Euro Ltd.
Honda Motor Co., Ltd.
Comfort Orthopedic Co., Ltd.
Pride Mobility Products Corporation
GF Health Products, Inc.
Karma Healthcare Ltd.
Sunrise Medical (US) LLC.
Otto Bock Australia Pty., Ltd.
Table of Content
Timeline Under Consideration
Historical Years – 2020
Base Year – 2021
Forecasted Years – 2022 to 2030
Currency Used in the Report
Data Collection Methodology
Market Estimation Approach
Market Forecasting Model
Limitations and Assumptions
Current Market Trends (COVID-19 Perspective)
Key Players & Competitive Positioning (2021)
GLOBAL WALKING ASSIST DEVICES MARKET - ANALYSIS & FORECAST, BY PRODUCT TYPE
Others (Gait Belts and Lift Vests)
GLOBAL WALKING ASSIST DEVICES MARKET - ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL
VALUE PROPOSITIONS RELATED TO THE REPORT:
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Comprehensive quantitative and qualitative insights at segment and sub-segment level
Covid 19 impact trends and perspective
Granular insights at global/regional/country level
Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
Blanket coverage on competitive landscape
Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
Distributor Landscape Assessment
Customer Base Assessment
Investment & Initiatives Analysis
'Business Profile' of Key Players
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