Global Assisted Walking Device Market was valued at USD 0.6 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 7.8% from 2024 to 2030.
Assisted Walking Device Market is witnessing rapid growth as an increasing number of individuals with mobility impairments seek independence. These devices, ranging from walkers and canes to advanced exoskeletons, are designed to support and improve the movement of people with conditions like arthritis, spinal cord injuries, or neurological disorders. The growing aging population and increasing prevalence of chronic conditions are key drivers behind the surge in demand for assisted walking devices.
The global market for assisted walking devices is expected to reach significant milestones in the coming years. According to various studies, the market size could grow at a compound annual growth rate (CAGR) of over 8% from 2023 to 2030. This growth is attributed to technological innovations in the field, such as the introduction of lightweight materials, smart technology integration, and ergonomic designs. Furthermore, awareness campaigns and government initiatives aimed at improving the quality of life for the elderly and differently-abled individuals have boosted adoption rates across several regions.
North America and Europe lead the market, owing to the availability of advanced healthcare infrastructure and high disposable income. However, the Asia Pacific region is expected to witness the fastest growth, driven by improving healthcare services and increasing government investments in healthcare technologies. Furthermore, the market's competitive landscape is shaped by numerous key players, including Invacare Corporation, Drive DeVilbiss Healthcare, and Otto Bock HealthCare, who continuously innovate to meet the rising demands for mobility solutions.
The demand for assisted walking devices is not limited to elderly individuals; younger populations with temporary or permanent mobility impairments also benefit from these devices. Rehabilitation centers and hospitals are the primary end-users, though there is a growing trend toward home care settings as individuals prefer using these devices within the comfort of their own homes.
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Carex Health Brands
Invacare
Drive Medical
Sunrise Medical
Electric Mobility Euro Ltd
Pride Mobility Products
Briggs Healthcare
Graham-field Health Products
Nova Health Products
Patterson Medical
Medline Industries
Roscoe Medical
Evolution Technologies
Cardinal Health
Trionic Sverige
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 Global Assisted Walking Device Market
Hospital
Clinic
Home Care
Others
Based on Types the Market is categorized into Below types that held the largest Assisted Walking Device market share In 2023.
Canes
Crutches
Walker
Gait Trainers
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Assisted Walking Device 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. Global Assisted Walking Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Assisted Walking Device Market, By Type
6. Global Assisted Walking Device Market, By Application
7. Global Assisted Walking Device Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Assisted Walking Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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