Global Walking assist devices market size stood at 6,210 million in the year 2021, is set to grow at CAGR 4% and market value to reach USD 8,711 million by 2030, as per market research firm Acumen Research and Consulting.
The walking assist devices market is a growing industry. The walking assist devices market is a broad category that includes a range of devices that can help individuals with mobility impairments or limitations to walk more easily. These devices can include canes, crutches, walkers, and mobility scooters, among others. The demand for walking assist devices is expected to increase in the coming years due to the growing aging population and the increasing prevalence of chronic health conditions like stroke and arthritis that can affect mobility. As a result, the walking assist devices market is likely to continue to grow and evolve to meet the needs of this growing population.
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Dynamics of the Walking assist devices market
The walking assist devices market is a niche market that caters to individuals who have mobility issues or difficulties walking. These devices are designed to support the user's weight and provide stability, allowing them to move more easily and with less pain or discomfort. The market is growing as the population ages and the prevalence of chronic conditions that can affect mobility increases and the growing awareness of the importance of mobility and independence along with growing demand for assistive technologies.
Regional Walking assist devices market overview
Geographically, the market is divided into North America, Europe, Asia Pacific, and the rest of the world. North America is the largest market, followed by Europe and Asia Pacific. The growth in the market is driven by factors such as an increase in the number of elderly people in developed countries of North America and Europe, the rise in the prevalence of chronic diseases, and the growing awareness of the importance of mobility and independence in the said regions.
Key Walking assist devices market players
- Invacare Corporation
- Sunrise Medical
- Ottobock
- Medline Industries, LP
- Graham-Field (GF Health Products, Inc)
- Stryker
- Ossenberg GmbH
- Honda Motor Co., Ltd.
- @CTM Homecare
- Besco
- BetterLife
- Aetna, a CVS Health Company
- Pride Mobility Products Corporation
- Sunrise Medical
- Karma Healthcare Ltd.
- Permobil
These companies offer a range of walking assist devices, from traditional canes and crutches to more advanced rollators and walkers. These players are focusing on the development of innovative and advanced walking assist devices to cater to the increasing demand from the aging population. The players provide services such as maintenance and repair, as well as training and education for users of their devices.
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