The global assisted walking devices market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 6.4% over the forecast period, according to a recent report by Future Market Insights (FMI). From a valuation of USD 3.62 billion in 2022, the market is set to soar to USD 6.33 billion by 2032.
This impressive growth is driven by several key factors. The worldwide surge in the aging population is significantly increasing the demand for assisted walking devices such as walkers, rollators, knee scooters, and wheelchairs. The need for these devices is further intensified by the rising prevalence of neurological diseases and injuries, which underscores the growing requirement for effective mobility solutions.
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Walking assist devices provide balance, support, and ultimately, the subsequent ability to survive independently. The aforementioned factors are responsible for the increasing geriatric population getting attracted to these devices, fueling the demand for assisted walking devices.
Sales of assisted walking devices are attributed to the latest technological integration with the assistive devices that help the disable end users are holding hands with the government and private spaces to adopt these innovative devices that help walking disabled people.
Demand for assisted walking devices has increased from the last forecast period as governments have increased healthcare expenditure and funding for technological integration like the use of robotics in these assistive devices to help the patient.
Key Takeaways from Market Study:
- According to the assisted walking devices market analysis states that walker segment is the leading vehicle type segment in the assisted walking devices market, attributing to enhanced stability by this equipment, higher mobility and its helping factor in physical activities in physically handicapped individuals.
- Gait trainers’ segment is expected to witness a maximum CAGR of 8.6%during the forecast period. This is due to the rising number of cerebral palsy and Parkinson’s disease, proliferating spinal injuries. These fuels the sales of assisted walking devices.
- North America is forecasted to hold the major revenue in the global Assisted walking devices market by the end of 2032, holding 35.6% of revenue while thriving on triggers like high prevalence of target diseases, such as arthritis, Parkinson’s disease, and other chronic disabilities in this region.
“The assisted walking devices market survey explains that the use of platforms like artificial intelligence, machine learning and robotics are shaping the trends for the market. The manufacturers look for new innovative ideas to make sure that the end user gets the most of the help. The high number of accidents happening leads to the use of these devices more often. Introduction of the latest advanced mobility scooters, automated rollators and transfer lifts.” says a Future Market Insights analyst.
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Global Assisted walking devices Market Key Players:
- Karman
- Benmor Medical
- Briggs Healthcare
- Carex Health Brands
- TOPRO
- Invacare Corporation
- Drive medical design
- Eurovema AB
- HUMAN CARE
- Phoenix Instinct
Assisted walking devices Market by Segmentation:
By Product Type:
- Canes
- Crutches
- Walkers
- Gait Trainers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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