Walkers and Rollators Market By Type (3-wheeler rollator and walker, 4-wheeler rollator and walker, Others), By Application (65 to 85 years old, Above 85 years old, Young population), By Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global Walkers and Rollators Market Size was valued fat $1,662.57 million in 2021 and is estimated to reach $2,918.93 million by 2031, exhibiting a CAGR of 5.7% from 2022 to 2031. Mobility aids like walkers and rollators are made for those who find it difficult or impossible to move more than a few steps or who are recovering from surgery and want extra support and stability when walking. Walkers come with no wheels or wheels on the front two legs, whereas rollators come with wheels on all (three or four, depending on the model) of the legs. The most support is provided by a regular, non-wheeled walker, but it is heavier and needs to be lifted with each step. Rollators provide assistance without affecting the walking speed.
Walkers are made to be used for short distances or in the home. They are affordable and can provide some support post-surgery. Rollators, on the other hand, are better suited for long-term use because they can be used outdoors and on rocky or uneven terrain and often have larger wheels than a standard two-wheel walker. Rollators typically have a seat, making it convenient for the user to take a break whenever they want.
The key factor that drives the growth of the walkers and rollators market is the increase in the number of sports-related injuries. Moreover, rising rates of bone diseases, such as arthritis, an increase in the prevalence of Parkinson’s disease, and the surge in the geriatric population are the major factors driving the growth of the market. For instance, the Centers for Disease Control and Prevention estimates that one in every four U.S. adults (23.7%), or approximately 58.5 million people, will have doctor-diagnosed arthritis in 2021. It is more common in women (23.5%) compared with men (18.1%), and among adults with fair or poor health (40.5%) compared with those who have excellent/very good health (15.4%). In addition, the prevalence of doctor-diagnosed arthritis is expected to increase in the coming decades. By the year 2040, an estimated 78.4 million adults aged 18 years and older will have doctor-diagnosed arthritis, compared with 58.5 million adults in 2013–2015. Thus, the rapidly growing geriatric population and the rise in the prevalence of chronic diseases such as osteoarthritis and Parkinson’s disease boost the growth of the market.
However, the high cost of the walkers and rollators hampers the market growth. Conversely, increased investments in R&D for the development of walking aids as well as increased technological advancements and modernization in the healthcare industry may open up the new market potential for walkers and rollators and are expected to provide a lucrative opportunity for the growth of the market during the forecast period.
The walkers and rollators market are segmented on the basis of type, application, distribution channel, end-user, and region. By type, the market is segmented into 3-wheel rollators, 4-wheel rollators, and others. By application, it is bifurcated into 65 years to 85 years old, above 85 years old, and young population. By distribution channel, the market is segmented into, online and offline. By end user, it is segmented into, hospitals, clinics, and others Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America accounted for a majority of the walkers and rollators market share in 2021 and is anticipated to remain dominant during the forecast period. The walkers and rollators market is mainly driven by the presence of well-established healthcare facilities for medical devices, a growing geriatric population, and the rising prevalence of arthritis, sports-related injuries, and musculoskeletal disorders. Furthermore, increasing investment by pharmaceutical companies in R&D activities to design technologically advanced medical devices through innovative research is expected to fuel market growth.
Asia-Pacific is expected to register the fastest CAGR during the forecast period. This is due to the presence of a rapidly growing geriatric population, rising incidence of road accidents and chronic disorders, and improvement in the healthcare infrastructure are set to drive the market in the Asia-Pacific region.
The key players that operate in the Walkers and rollators market are Evolution Technologies, Benmor Medical, Briggs Healthcare, Invacare Corporation, Eurovema AB, Karman Healthcare Inc, GF Health Products Inc, Drive DeVilbiss Healthcare, Compass Health Brands and Human Care HC AB.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the walkers and rollators market analysis from 2021 to 2031 to identify the prevailing walkers and rollators market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the walkers and rollators market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global walkers and rollators market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
4-wheeler rollator and walker
Others
3-wheeler rollator and walker
By Application
65 to 85 years old
Above 85 years old
Young population
By Distribution Channel
Online
Offline
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest Of Asia Pacifc
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Eurovema AB
Karman Healthcare, Inc.
Drive DeVilbiss Healthcare
Compass Health Brands
Human Care HC AB
Invacare Corporation
GF Health Products, Inc.
Evolution Technologies
Benmor Medical
Briggs Healthcare
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