Walking Assist Devices Market 2024
rise in geriatric population and high adoption of walking assist devices for rehabilitation after surgeries and traumatic injuries Drives the global market
PORTLAND, OREGON, UNITED STATES, March 5, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Walking Assist Devices Market by Product (Gait Trainers, Canes, Crutches, and Walkers), Age Group (Geriatric and Adults), and End User (Homecare, Hospital, and Other): Global Opportunity Analysis and Industry Forecast, 2023โ2032.". According to the report, the global walking assist devices market was valued at $3.6 billion in 2022 and is estimated to reach $6.6 billion by 2032, exhibiting a CAGR of 6.3% from 2022 to 2032.
The report provides an extensive analysis of changing market dynamics, major segments, value chains, competitive scenarios, and regional landscape. This research offers valuable guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.
๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐๐จ๐ฐ๐ง๐ญ๐ฎ๐ซ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ: ๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ ๐๐๐๐๐ฌ๐ฌ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐ ๐จ๐ง ๐ญ๐ก๐ ๐๐๐ฅ๐ค๐ข๐ง๐ ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
โข The global recession has significant impact on walking assist devices market.
โข The high inflation rate and the economic uncertainty has created financial distress for the manufactures of the walking assist devices.โข The fluctuating oil prices due to dispute between major oil producing countries has caused in rise in supply chain cost.โข However, the market for walking assist devices is expected to recover owing to rise in geriatric population.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/request-sample/A07519
๐๐ก๐๐ญ ๐๐ซ๐ ๐ญ๐ก๐ ๐๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐๐ฅ๐ค๐ข๐ง๐ ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ?
The key factors propelling the market are the increasing incidences of rheumatoid and osteoarthritis, the surging demand for rehabilitation equipment, and the steep rise in the aging population. The rise in the elderly population and rise in the prevalence of musculoskeletal disorders such as osteoarthritis, rheumatoid arthritis, among others has also led to the growth of the walking assist devices market. For instance, in June 2022, according to the World Health Organization (WHO), approximately 1.75 billion people have musculoskeletal conditions worldwide. Such a huge prevalence of musculoskeletal disorders will lead to increased adoption of walking assist devices, driving the market growth.
๐๐จ๐ฉ ๐๐๐ฅ๐ค๐ข๐ง๐ ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
โข Compass Health Brandsโข Drive DeVilbiss Healthcareโข Eurovema ABโข GF Health Products, Inc.โข Human Care HC ABโข Invacare Corporationโข Rifton Equipmentsโข Classic Canes Limitedโข CAN Mobilities Incโข Ossenberg Gmbh
The report provides a detailed analysis of these key players in the walking assist devices market. These players have adopted different strategies such as product upgrade, and product launch to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
๐๐๐ฅ๐ค๐ข๐ง๐ ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐๐ง ๐๐ ๐๐จ๐ง๐ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ฌ๐๐ฏ๐๐ซ๐๐ฅ ๐๐๐๐ญ๐จ๐ซ๐ฌ, ๐ข๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ :
Based on product, the walkers segment held the highest market share in 2022, accounting for more than one-third of walking assist devices market revenue, owing to high adoption of walkers by geriatric population.
Based on age group, the geriatric segment held the highest market share in 2022, accounting for more than two-thirds of walking assist devices market revenue. This is attributed to high mobility impartment among the geriatric population.
Based on end user, the homecare segment held the highest market share in 2022, accounting for more than two-thirds of walking assist devices market revenue. This is attributed to growing trend towards home based healthcare.
Based on region, the North America segment held the highest market share in 2022, accounting for more than one-third of walking assist devices market revenue. This is attributed to high number of knee and hip replacement surgeries being performed in this region and strong presence of key players. However, Asia-Pacific is expected to register highest CAGR during the forecast period, this is attributed to the rise in geriatric population in the region.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/purchase-enquiry/A07519
๐๐ก๐ข๐ฌ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐:
โข Enhance your strategic decision makingโข Assist with your research, presentations and business plansโข Show which emerging market opportunities to focus onโข Increase your industry knowledgeโข Keep you up-to-date with crucial market developmentsโข Allow you to develop informed growth strategiesโข Build your technical insightโข Illustrate trends to exploitโข Strengthen your analysis of competitorsโข Provide risk analysis, helping you avoid the pitfalls other companies could makeโข Ultimately, help you to maximize profitability for your company.
๐๐ฎ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ฏ๐ข๐๐๐ฌ ๐๐จ๐ฎ ๐๐ง๐ฌ๐ฐ๐๐ซ ๐ญ๐จ ๐๐๐ฅ๐จ๐ฐ ๐๐๐ง๐ญ๐ข๐จ๐ง๐๐ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง:
โข Which are the driving factors responsible for the growth of market?โข Which are the roadblock factors of this market?โข What are the new opportunities, by which market will grow in coming years?โข What are the trends of this market?โข Which are main factors responsible for new product launch?โข How big is the global & regional market in terms of revenue, sales and production?โข How far will the market grow in forecast period in terms of revenue, sales and production?โข Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?โข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?โข Which region has more opportunities?
๐๐๐ ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:-
โข North America(U.S., Canada, Mexico)โข Europe(Germany, France, UK, Italy, Spain, Rest of Europe)โข Asia-Pacific(Japan, China, India, Rest of Asia-Pacific)โข LAMEA(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:
David CorreaUSA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022help@alliedmarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of โMarket Research Reportsโ and โBusiness Intelligence Solutions.โ AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
David CorreaAllied Market Research+1 5038946022email us hereVisit us on social media:FacebookTwitterLinkedIn Article originally published on www.einpresswire.com as Walking Assist Devices Market Set to Surge, Expected to Reach USD 6.6 billion by 2032
