The global market for assisted walking devices is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 6.4% over the forecast period. According to the latest report from FMI, the market, valued at US$ 3.62 billion in 2022, is anticipated to surge to US$ 6.33 billion by the year 2032.
The burgeoning market for assisted walking devices is being driven by several key factors. An aging population worldwide, along with a significant consumer base, is contributing to the increased demand for devices such as walkers, rollators, knee scooters, wheelchairs, and others. Additionally, the prevalence of neurological diseases and injuries is further fueling this demand.
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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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