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Global Walking Assist Devices Market Size Study, by Product (Gait Trainers, Canes, Crutches, Walkers), by Age Group (Geriatric, Adults), by End User (Homecare, Hospitals, Others), and Regional Forecasts 2022-2032

July 2024 | 200 pages | ID: G5FF12B1D1B9EN
Bizwit Research & Consulting LLP

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Global Walking Assist Devices Market is valued approximately at USD 3.83 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.34 % over the forecast period 2024-2032. Walking assist devices are innovative tools designed to provide support and assistance to individuals with mobility challenges, enhancing their ability to walk and maintain balance. Walking assist devices come in various forms, catering to different levels of mobility impairment. One common type is the walking cane, a simple yet effective aid that provides stability and helps distribute weight while walking. Another widely used device is the walker, featuring a frame with four legs that offers substantial support and often includes wheels for added maneuverability. Walkers are particularly useful for individuals with more significant balance issues or those who need additional support when standing. In addition, crutches are commonly used to assist with walking by transferring weight from the lower limbs to the upper body. Some innovative walking assist devices incorporate advanced technologies, such as smart canes equipped with sensors to detect obstacles and provide alerts. Overall, these devices play a crucial role in promoting independence and improving the quality of life for individuals with mobility limitations, offering a range of options to suit different needs and preferences.

The walking assist devices market size is expected to grow significantly, owing to a surge in the global geriatric population, an increase in mobility impairment due to traumatic injuries, and high adoption of walking assist devices after major surgeries, especially in lower body and spine surgeries. The escalating global geriatric population has emerged as a pivotal driver for the burgeoning walking assist devices market share. For instance, according to a 2022 report by the National Library of Medicine, it was estimated that the global share of elderly persons (60 years and above) is expected to rise from 13.4% in 2020 to 21.3% by 2050. There is an increase in the prevalence of age-related conditions and mobility challenges, such as osteoarthritis and frailty, as the elderly population continues to expand. This demographic shift has prompted a growth in demand for innovative solutions to enhance mobility and ensure independence and quality of life for seniors. Walking assist devices, including canes and walkers, have become indispensable aids in addressing mobility issues among the elderly population. Walking assist devices provide crucial support, stability, and confidence, enabling seniors to maintain an active lifestyle and navigate their surroundings with greater ease. Furthermore, the surge in mobility impairment resulting from traumatic injuries has become a significant driving force behind the remarkable growth observed in the walking assist devices market share. Traumatic injuries, often arising from incidents such as accidents, falls, or sports-related mishaps, can inflict severe damage on the musculoskeletal system, resulting in a substantial reduction in the capacity of an individual to ambulate independently.

North America accounted for the highest market share in 2023, due to the high number of knee replacement and hip replacement surgeries, coupled with the strong presence of major key players. Factors contributing to this could include aging populations, increased awareness and acceptance of assistive technologies, advancements in healthcare infrastructure, and possibly regulatory or reimbursement policies supporting these devices. In addition, the trend likely stems from advanced technological innovations, a significant aging population demanding mobility solutions, robust healthcare infrastructure supporting device adoption, favorable regulatory frameworks, and increasing awareness among healthcare providers and consumers alike. These factors collectively contribute to North America's prominent position, highlighting the region's pivotal role in driving growth and innovation in the field of walking assist devices. However, Asia-Pacific is expected to exhibit the fastest growth during the forecast period, driven by the rise in the geriatric population.

Major market player included in this report are:

Compass Health Brands

Drive DeVilbiss Healthcare

Eurovema Mobility AB

GF Health Products, Inc.

Human Care HC AB

Invacare Corporation

Rifton Equipment

Classic Canes Limited

CAN Mobilities Inc

Ossenberg GmbH

Medline Industries, Inc.

Nova Medical Products

Stander, Inc.

Sunrise Medical

Patterson Medical Holdings, Inc.

The detailed segments and sub-segment of the market are explained below:

By Product

Gait Trainers

Canes

Crutches

Walkers

By Age Group

Geriatric

Adults

By End User

Homecare

Hospitals

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of the competitive structure of the market.

Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL WALKING ASSIST DEVICES MARKET EXECUTIVE SUMMARY

1.1. Global Walking Assist Devices Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Product
  1.3.2. By Age Group
  1.3.3. By End User
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL WALKING ASSIST DEVICES MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL WALKING ASSIST DEVICES MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Surge in Geriatric Population
  3.1.2. Increase in Mobility Impairment Due to Traumatic Injuries
  3.1.3. High Adoption Post Major Surgeries
3.2. Market Challenges
  3.2.1. High Cost of Walking Assist Devices
  3.2.2. Economic Impact of Global Recession
3.3. Market Opportunities
  3.3.1. Technological Advancements
  3.3.2. Growing Awareness of Mobility Solutions
  3.3.3. Expansion in Emerging Markets

CHAPTER 4. GLOBAL WALKING ASSIST DEVICES MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL WALKING ASSIST DEVICES MARKET SIZE & FORECASTS BY PRODUCT 2022-2032

5.1. Segment Dashboard
5.2. Global Walking Assist Devices Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Gait Trainers
  5.2.2. Canes
  5.2.3. Crutches
  5.2.4. Walkers

CHAPTER 6. GLOBAL WALKING ASSIST DEVICES MARKET SIZE & FORECASTS BY AGE GROUP 2022-2032

6.1. Segment Dashboard
6.2. Global Walking Assist Devices Market: Age Group Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Geriatric
  6.2.2. Adults

CHAPTER 7. GLOBAL WALKING ASSIST DEVICES MARKET SIZE & FORECASTS BY END USER 2022-2032

7.1. Segment Dashboard
7.2. Global Walking Assist Devices Market: End User Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Homecare
  7.2.2. Hospitals
  7.2.3. Others

CHAPTER 8. GLOBAL WALKING ASSIST DEVICES MARKET SIZE & FORECASTS BY REGION 2022-2032

8.1. North America Walking Assist Devices Market
  8.1.1. U.S. Walking Assist Devices Market
    8.1.1.1. Product breakdown size & forecasts, 2022-2032
    8.1.1.2. Age Group breakdown size & forecasts, 2022-2032
    8.1.1.3. End User breakdown size & forecasts, 2022-2032
  8.1.2. Canada Walking Assist Devices Market
8.2. Europe Walking Assist Devices Market
  8.2.1. UK Walking Assist Devices Market
  8.2.2. Germany Walking Assist Devices Market
  8.2.3. France Walking Assist Devices Market
  8.2.4. Spain Walking Assist Devices Market
  8.2.5. Italy Walking Assist Devices Market
  8.2.6. Rest of Europe Walking Assist Devices Market
8.3. Asia-Pacific Walking Assist Devices Market
  8.3.1. China Walking Assist Devices Market
  8.3.2. India Walking Assist Devices Market
  8.3.3. Japan Walking Assist Devices Market
  8.3.4. Australia Walking Assist Devices Market
  8.3.5. South Korea Walking Assist Devices Market
  8.3.6. Rest of Asia Pacific Walking Assist Devices Market
8.4. Latin America Walking Assist Devices Market
  8.4.1. Brazil Walking Assist Devices Market
  8.4.2. Mexico Walking Assist Devices Market
  8.4.3. Rest of Latin America Walking Assist Devices Market
8.5. Middle East & Africa Walking Assist Devices Market
  8.5.1. Saudi Arabia Walking Assist Devices Market
  8.5.2. South Africa Walking Assist Devices Market
  8.5.3. Rest of Middle East & Africa Walking Assist Devices Market

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1. Key Company SWOT Analysis
  9.1.1. Company
  9.1.2. Company
  9.1.3. Company
9.2. Top Market Strategies
9.3. Company Profiles
  9.3.1. Classic Canes Limited
    9.3.1.1. Key Information
    9.3.1.2. Overview
    9.3.1.3. Financial (Subject to Data Availability)
    9.3.1.4. Product Summary
    9.3.1.5. Market Strategies
  9.3.2. Eurovema Mobility AB
  9.3.3. GF Health Products, Inc.
  9.3.4. Human Care HC AB
  9.3.5. Invacare Corporation
  9.3.6. Rifton Equipment
  9.3.7. Ossenberg GmbH
  9.3.8. Medline Industries, Inc.
  9.3.9. Nova Medical Products
  9.3.10. Stander, Inc.
  9.3.11. Sunrise Medical
  9.3.12. Patterson Medical Holdings, Inc.
  9.3.12. Compass Health Brands
  9.3.12. Drive DeVilbiss Healthcare
  9.3.12. Eurovema Mobility AB

CHAPTER 10. RESEARCH PROCESS

10.1. Research Process
  10.1.1. Data Mining
  10.1.2. Analysis
  10.1.3. Market Estimation
  10.1.4. Validation
  10.1.5. Publishing
10.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Walking Assist Devices Market, Report Scope
TABLE 2. Global Walking Assist Devices Market Estimates & Forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Walking Assist Devices Market Estimates & Forecasts by Product 2022-2032 (USD Billion)
TABLE 4. Global Walking Assist Devices Market Estimates & Forecasts by Age Group 2022-2032 (USD Billion)
TABLE 5. Global Walking Assist Devices Market Estimates & Forecasts by End User 2022-2032 (USD Billion)
TABLE 6. Global Walking Assist Devices Market by Segment, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Walking Assist Devices Market by Region, Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 8. U.S. Walking Assist Devices Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 9. U.S. Walking Assist Devices Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 10. Canada Walking Assist Devices Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 11. Canada Walking Assist Devices Market Estimates & Forecasts by Segment 2022-2032 (USD Billion)
TABLE 12. UK Walking Assist Devices Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 13. Germany Walking Assist Devices Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 14. France Walking Assist Devices Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 15. Spain Walking Assist Devices Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 16. Italy Walking Assist Devices Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 17. China Walking Assist Devices Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 18. India Walking Assist Devices Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 19. Japan Walking Assist Devices Market Estimates & Forecasts, 2022-2032 (USD Billion)
TABLE 20. Australia Walking Assist Devices Market Estimates & Forecasts, 2022-2032 (USD Billion)
…..
This list is not complete, the final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Walking Assist Devices Market, Research Methodology
FIG 2. Global Walking Assist Devices Market, Market Estimation Techniques
FIG 3. Global Market Size Estimates & Forecast Methods.
FIG 4. Global Walking Assist Devices Market, Key Trends 2023
FIG 5. Global Walking Assist Devices Market, Growth Prospects 2022-2032
FIG 6. Global Walking Assist Devices Market, Porter’s 5 Force Model
FIG 7. Global Walking Assist Devices Market, PESTEL Analysis
FIG 8. Global Walking Assist Devices Market, Value Chain Analysis
FIG 9. Global Walking Assist Devices Market by Segment, 2022 & 2032 (USD Billion)
FIG 10. Global Walking Assist Devices Market by Region, 2022 & 2032 (USD Billion)
FIG 11. Global Walking Assist Devices Market, Competitive Landscape
FIG 12. U.S. Walking Assist Devices Market, Revenue Breakdown
FIG 13. Europe Walking Assist Devices Market, Revenue Breakdown
FIG 14. Asia Pacific Walking Assist Devices Market, Revenue Breakdown
FIG 15. Latin America Walking Assist Devices Market, Revenue Breakdown
FIG 16. Middle East & Africa Walking Assist Devices Market, Revenue Breakdown
FIG 17. Company Market Share Analysis (2023)
FIG 18. Product Launch Analysis (2023)
FIG 19. Strategic Analysis (2023)
FIG 20. Competitive Intelligence Analysis (2023)
…..
This list is not complete, the final report does contain more than 50 figures. The list may be updated in the final deliverable.


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