South Korea Walking Aids Products Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
South Korea's walking aids products market is experiencing rapid growth, driven by a significant rise in the elderly population and increasing awareness of mobility assistance technologies. Walking aids are essential for individuals with mobility challenges, and in South Korea, these products are becoming integral to healthcare solutions. The market spans various devices, including walkers, canes, crutches, and rollators, catering to diverse needs across the aging population and people recovering from surgeries or injuries.
In recent years, the demand for walking aids in South Korea has surged due to the country’s aging demographic. With more people over 65, mobility products have become crucial in promoting independence and improving the quality of life. The industry is further bolstered by governmental initiatives aimed at improving healthcare services for the elderly. As a result, South Korea has seen an increase in the adoption of advanced walking aids designed for convenience, comfort, and safety.
From an industry standpoint, walking aids products market requirements are evolving. Manufacturers are increasingly focusing on the integration of innovative technologies such as lightweight materials, ergonomic designs, and adjustable features. There is also a growing trend toward the inclusion of digital monitoring systems that can track a user's mobility and health data. This innovation allows healthcare providers to offer tailored solutions to individuals, enhancing the overall effectiveness of walking aids in managing mobility challenges.
One of the key drivers of growth in this market is the significant push from healthcare institutions that encourage the use of walking aids for rehabilitation purposes. Hospitals and rehabilitation centers are frequently stocking up on advanced models to offer patients the best support during recovery. Additionally, the retail sector has expanded to include both traditional and online outlets that make walking aids more accessible to consumers across the country.
The South Korean market is also seeing a shift towards eco-friendly materials in the production of walking aids. Environmental concerns and the desire to create sustainable healthcare solutions are prompting manufacturers to source biodegradable components for their products. These trends not only align with the global shift toward sustainability but also help the market maintain a competitive edge.
Overall, the South Korea walking aids products market is poised for continued growth. As more individuals seek mobility support, the demand for innovative, efficient, and customizable walking aids will continue to rise. The combination of an aging population, healthcare advancements, and increasing consumer awareness positions South Korea as a significant player in the global walking aids products market.
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Drive DeVilbiss Healthcare
HurryCane
Vive Health
Briggs Healthcare
Carex Health Brands
Royal Canes
HARVY
NOVA Medical Products
Breg
Inc.
Human Care
Switch Sticks
WeWalk
UltraCane
Matsunaga
Performance Health
SpinLife
Staples.ca
BibSonomy
Medical Supply Group
Vermeiren Walkers
Permobil Inc.
GF Health Products
Inc.
Invacare Corporation
Besco Medical Co.
LTD.
Betterlifehealthcare Ltd.
Homecare Product
Inc.
Ottobock
Ossenberg GmbH
Pride Mobility Products Corp.
Aetna Inc.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Walking Aids Products Market
Canes
Walkers
Rollators
Mobility Scooters
Crutches
Aluminum
Steel
Plastic
Wood
Carbon Fiber
Seniors
Rehabilitating Patients
Post-Surgery Users
Disabled Individuals
Caregivers and Healthcare Professionals
Online Retail
Pharmacies
Specialty Medical Stores
Department Stores
Direct Sales
Economical Range
Mid-Range
Premium Range
Luxury
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Walking Aids Products Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Walking Aids Products Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Walking Aids Products Market, By Type
6. South Korea Walking Aids Products Market, By Application
7. South Korea Walking Aids Products Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Walking Aids Products Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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