The global assisted walking devices market is set to experience remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 6.4% from 2022 to 2032, as per a recent report by Future Market Insights (FMI). The market, valued at USD 3.62 billion in 2022, is expected to reach a staggering USD 6.33 billion by 2032.
This growth is primarily fueled by the increasing global aging population and a rising prevalence of neurological diseases and injuries, which are driving demand for mobility-enhancing solutions such as walkers, rollators, knee scooters, and wheelchairs. Assisted walking devices are crucial in providing balance, support, and independence, especially for elderly individuals and those with mobility challenges.
Key Growth Drivers:
- Aging Population: The surge in the elderly demographic worldwide is a significant contributor to the rising demand for assisted walking devices, enabling seniors to maintain mobility and independence.
- Technological Advancements: Innovations such as robotics integration in assistive devices are revolutionizing the industry, offering enhanced functionality and comfort for users.
- Government Initiatives: Increased healthcare funding and support for assistive technology adoption have further propelled the market, making advanced mobility solutions accessible to a broader audience.
Transforming Mobility Through Innovation:
Manufacturers are integrating cutting-edge technology into assistive devices to meet evolving consumer needs. Advanced features like robotics and smart sensors are being embraced in these devices to improve usability and performance. Governments and private organizations are collaborating to promote and fund the adoption of these innovative solutions, thereby supporting individuals with walking disabilities.
Future Outlook:
The market’s upward trajectory reflects the essential role assisted walking devices play in improving quality of life for individuals with mobility challenges. With continued advancements and a supportive policy framework, the industry is poised for sustained growth over the forecast period.
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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.
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
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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