Walking Aids Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Publication ⇒Oct-23  Delivery Time ⇒ 5-7 Business Days Report Code ⇒PBCHC249-10M-OT

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Walking Aids Market – Report Overview

Pacific Business Consulting’s “Walking Aids Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Walking Aids market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

The global walking aid market is estimated to be valued at US$ 2.4 billion in 2022, and it is projected to experience significant growth over the forecast period (2023-2030), reaching a valuation of US$ 4.0 billion by 2030. The market growth is driven by various factors related to the elderly population and individuals with physical disabilities.

Falls among the elderly population can lead to severe injuries, including fractures of the hip, pelvis, femur, and spine, affecting an individual’s mobility. Falling is recognized as the second leading cause of accidental and unintentional injury deaths globally, resulting in approximately 424,000 deaths annually. The use of assistive devices, such as walking aids, is crucial in preventing falls and supporting individuals with mobility challenges.

Data from the Centers for Disease Control and Prevention (CDC) indicates that a significant number of adults in the U.S. face challenges related to mobility, with nearly 19.4 million adults unable to walk a quarter-mile, and around 40.7 million adults having at least one physical function disability. This high prevalence of physical disabilities is expected to contribute to the growth of the walking aid market.

The market is further driven by the rising geriatric population and the increasing prevalence of conditions like arthritis and Parkinson’s disease. Additionally, favorable reimbursement frameworks and regulatory policies are anticipated to fuel market growth, making walking aids more accessible to those in need.

As market competition intensifies, leading walking aid manufacturers are incorporating new robotic technologies into their products to assist individuals with limited mobility in their daily lives. Intelligent walking aids, including intelligent wheelchairs, wearable exoskeletons, intelligent prosthetics, and intelligent mobile walking aids (IMWs), are being developed to cater to various needs.

IMWs, in particular, play a crucial role in directing users to their intended locations and helping them avoid potential hazards. These mobile robots, resembling traditional walkers or crutches, use sensors like cameras, sonar, or laser sensors to detect impediments and create an environment map. The adoption of intelligent walking aids is gaining traction globally due to their ability to assist individuals with mobility challenges.

Favorable reimbursement policies, such as those offered by organizations like Medicare, are expected to increase the adoption rate of these devices. Walking aids fall under the durable medical equipment category covered by Medicare, with Medicare Part B covering approximately 80% of the approved devices, making them more affordable and driving market demand.

Key players in the walking aids market include Cardinal Health, Bischoff and Bischoff, Briggs Healthcare, OttoBock Healthcare GmbH, Sunrise Medical LLC, Meyra GmbH, Besco Medical, Hill-Rom, Matsunaga, Invacare Corporation, Medline Industries, Hoveround Corporation, Levo AG, Permobil AB, and GF Health Products, Inc. These companies play a crucial role in meeting the demand for walking aids and driving innovation in the market.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Walking Aids market. It also delves into the analysis of present and prospective market competition within the global Walking Aids market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

  • Develop your business strategies by gaining insights into the trends that shape and drive the Walking Aids market across the 10MM (Ten Major Markets).
  • Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Walking Aids market.
  • Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
  • Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
  • Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.
  1. Executive Summary: Walking Aids
    • Global Market Outlook: Walking Aids
  2. Competitive Intelligence Analysis: Walking Aids
  3. Therapeutic Sector SWOT
  4. Technology Roadmap Analysis: Walking Aids
  5. Market Background
    • Drivers
    • Restraints
    • Opportunity
    • Key Market Trends
    • Key Unmet Needs
  6. Key Marketed Products Profile – Major Approved Products: Walking Aids
    • Product Profile
    • Safety and Efficacy
  7. Regulatory Landscape
  8. Walking Aids: Ten Major Market (10MM) – Market Analysis, By Product
    • Rollators
    • Canes & Crutches
    • Walkers & Gait Trainers
  9. Walking Aids: Ten Major Market (10MM) – Market Analysis, By Technology
    • Manual
    • Automated
  10. Walking Aids: Ten Major Market (10MM) – Market Analysis, By End User
    • Hospitals & Speciality Clinics
    • Home Care Settings
    • Ambulatory Surgical Centers
    • Other End Users
  11. Walking Aids: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User
  1. S. Walking Aids – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User
  1. K. Walking Aids – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User
  1. Germany Walking Aids – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User
  1. France Walking Aids – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User
  1. Italy Walking Aids – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User
  1. Spain Walking Aids – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User
  1. Japan Walking Aids – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User
  1. China Walking Aids – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User
  1. Australia Walking Aids – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User
  1. India Walking Aids – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User
  1. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

  1. Assumptions and Acronyms Used
  2. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
  3. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India

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