Global Walking Aids Market by Type (Rollators) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global walking aids market was worth USD 2.2 billion in 2018. It is projected to grow at 6.8% CAGR by 2026. Market growth is expected to be driven by the growing geriatric population and the rising prevalence of arthritis, Parkinson's and other diseases. The market will also benefit from favorable reimbursement policies and regulatory policies.

Senior citizens are more likely to fall. Falls can cause fractures of the spine, hip, pelvis and pelvis. This can affect one's ability to move or walk. Globally, falls are the second leading cause for accidental and unintentional injuries deaths. Every year, around 424,000 people are killed by falls. The proper use of assistive devices can prevent falls among the elderly.

According to data from the Centers for Disease Control and Prevention, almost 19.4 million Americans are unable walk even a quarter mile. Nearly 40.7 million Americans have at least one disability in their physical functions. The market's high prevalence of physical disabilities will likely fuel its growth.

Organizations such as Medicare offer favorable reimbursement policies that are expected to increase the adoption of these devices. Medicare covers walking aids under the durable medical equipment section. Medicare part B covers nearly 80.0% of approved devices, while the patient pays 20.0%. This increases affordability and facilitates market demand.

Type Insights

The global market for walking aids can be divided by type into rollators or others. The segment "others" consists mainly of crutches, cane, and walkers. This segment is expected to grow in value over the forecast period. The market will grow due to the high prevalence of osteoporosis and arthritis. There will also be an increase in awareness and increased adoption of crutches, canes, and walkers.

Rollators accounted for over 60.0% of market revenue in 2018. Rollators wheels are able to lift the device without lifting it and allow for directional control. This will make it more popular over the forecast period.

The market is expected to experience healthy growth due to growing disability from rising malnutrition, accidents/traumas, infectious diseases and non-infectious illnesses, congenital disorders, diabetes, and an aging population. According to the World Bank statistics, approximately. 20%, 16.0% and 11.0% respectively are responsible for approximately 20.0% to 20.0%, 20.0% to 20.0% and 13.0% of all disabilities.

According to statistics from the World Bank, around 15.0% of the global population and 20-25.0% of the older population suffer from some kind of disability. This number is expected to increase in the future. This market is driven by improved accessibility and greater social acceptance.

The market is also expected to be driven by the inclusion of disabled people in the workforce using mobility aids, and the increase in obesity. The market is in demand for walking aids that are more cost-effective, durable, and efficient. The market for refurbished products and pricing pressure could be a limiting factor in the overall market's growth.

Regional Insights

In 2018, Europe was the dominant region for walking aids in Europe. Its large market share is due to favorable government policies, a strong healthcare infrastructure, and an aging population. These devices are expected to grow due to initiatives like the establishment of welfare codes in Germany for eliminating discrimination against disabled people and the increase in employment of disabled people in countries like France and the UK.

Over the forecast period, Asia Pacific is expected to experience rapid growth. The significant growth is expected to be due to factors such as an increase in per capita income, increased economic development, and high unmet need in the region. The region's aging population is expected to drive market demand. Forbes data shows that by 2050, nearly 1.3 billion people aged 60 years and older will live in Asia Pacific, with 38% of them being 65 or over, according to Forbes.

Market Share in Walking Aids

Evolution Technologies, HUMAN CARE and Briggs Healthcare are some of the major players in this market. These market leaders have taken key strategic initiatives such as new product development, channel enhancement and collaboration. Eurovema Mobility launched its webshop in 2018 for all Swedish customers. This ensures that its walking aids are available online.

Market Report Scope for Walking Aids

The Report Covers Certain Segments

This report forecasts revenue growth, and analyzes the latest trends in each sub-segment from 2015 to 2026. Up Market Research segmented the global market for walking aids based on type and location.

• Type Outlook (Revenue USD Million, 2015-2026)

  • Rollators

    • Premium

    • Low cost

  • Other

• Regional Outlook (Revenue USD Million, 2015-2026)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East and Africa (MEA).

    • South Africa

    • Saudi Arabia

    • UAE

These are the most frequently asked questions about this report

b. Global market for walking aids was valued at USD 2.3 billion in 2019, and is forecast to grow to USD 2.5 billion by 2020.

b. Global walking aids market will grow at 6.8% compound annual growth rate from 2019 to 2027, to reach USD 3.0 billion in 2026.

b. With a market share of 67.4%, Rollators dominated walking aids in 2019. Rollators' ability to lift the device without the use of a lifting mechanism and allow for directional control makes it easier to use.

b. Evolution Technologies, HUMAN CARE and Briggs Healthcare are some of the key players in the market for walking aids.

b. The market growth is being driven by the growing geriatric population and the increase in arthritis and Parkinson's.

Up Market Research published a new report titled “Walking Aids Market research report which is segmented by Type (Rollators), By Players/Companies Invacare Corporation, Drive medical design, Benmor Medical, Carex Health Brands, Eurovema AB, HUMAN CARE, Briggs Healthcare, TOPRO, Evolution Technologies”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Walking Aids Market Report Segments:

The market is segmented by Type (Rollators).

Walking Aids Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Walking Aids Market

Overview of the regional outlook of the Walking Aids Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Walking Aids Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Walking Aids Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Rollators

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Walking Aids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Walking Aids Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.