The global Assisted Walking Devices Market size is anticipated to reach USD 6.1 billion by 2030, according to
a new report by Grand View Research, Inc., expanding at a CAGR of 6.6% during
the forecast period. The high growth of the market is anticipated due to the
steep increase in the geriatric population, the rising prevalence of chronic
disorders such as Parkinson’s disease, arthritis, tendonitis, and conversion
disorder, and the rising demand for rehabilitation devices and equipment
succeeding procedures.
Furthermore, apart from the government and private
institution's initiatives to encourage the use of these assistive walking
devices to support the physically challenged, the technology advanced
innovations are also transforming the current assisted devices, which are
expected to serve as a key factor for the market growth during the forecast
period.
With the COVID-19 pandemic, there are massive economic
suffering and health problems around the world. For instance, obesity, it has
been observed that obesity represents a risk factor for a more serious and
complicated course of coronavirus in adults. The outbreak has had a significant
impact on the population’s health and health-related issues. Lengthy social
isolation due to global restrictions, whether imposed by others or self-imposed
increased the risk of developing depression, anxiety, and high stress.
These pandemic-related factors have affected two very
important health-related behaviors associated with dietary behaviors, physical
inactivity, and excess weight gain, leading to the major adoption of walking
devices by bariatric patients. This has impacted the market to grow during the
pandemic.
With the aging population on the rise, the global
prevalence of arthritis is also escalating in accordance. According to the
Centers for Disease Control and Prevention, by 2040, 78 million people will be
suffering from arthritis in the U.S. Furthermore, due to a surging aging
population, there is a higher risk factor impacting personal mobility as old
age increases the susceptibility of an individual towards developing chronic
conditions, hence increasing the demand for personal mobility
devices such as walking devices. The rising global base of people aged 65
and above is also likely to contribute to the market growth of the market.
The key players are actively participating in the
development of novel walking devices that will create a considerable impact on
the quality and durability of the devices thereby influencing the market
growth.
Related Press Release@ Assisted Walking Devices Market Report
Assisted Walking Devices Market
Report Highlights
- By product type, the walker segment held the largest market share
in 2021 with a share of 62.7% due to the rising technological advancements
and growing adoption of rollator walkers as they are designed for larger
users who need that extra stability and support while walking.
- North America is expected to maintain its lead in the market owing
to the rising prevalence of chronic disorders and various initiatives
commenced by the government and private organizations offering varied
supportive services for the benefit of the physically disabled people in
the region. Furthermore, technological advancements, rising R&D, and
the presence of major medical device players in the region are likely to
drive the market growth during the forecast period.
- The industry is highly competitive with players including Evolution
Technologies, HUMAN CARE, Briggs Healthcare, Benmor Medical, Carex Health
Brands, TOPRO, Invacare Corporation, Drive medical design, Eurovema AB.,
and Others.
About Us:
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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