Global Walking Assist Devices Market Size Study, by Product (Gait Trainers, Canes, Crutches, Walkers), by Age Group (Geriatric, Adults), by End User (Homecare, Hospitals, Others), and Regional Forecasts 2022-2032

Global Walking Assist Devices Market Size Study, by Product (Gait Trainers, Canes, Crutches, Walkers), by Age Group (Geriatric, Adults), by End User (Homecare, Hospitals, Others), and Regional Forecasts 2022-2032

Global Walking Assist Devices Market is valued approximately at USD 3.83 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 6.34 % over the forecast period 2024-2032. Walking assist devices are innovative tools designed to provide support and assistance to individuals with mobility challenges, enhancing their ability to walk and maintain balance. Walking assist devices come in various forms, catering to different levels of mobility impairment. One common type is the walking cane, a simple yet effective aid that provides stability and helps distribute weight while walking. Another widely used device is the walker, featuring a frame with four legs that offers substantial support and often includes wheels for added maneuverability. Walkers are particularly useful for individuals with more significant balance issues or those who need additional support when standing. In addition, crutches are commonly used to assist with walking by transferring weight from the lower limbs to the upper body. Some innovative walking assist devices incorporate advanced technologies, such as smart canes equipped with sensors to detect obstacles and provide alerts. Overall, these devices play a crucial role in promoting independence and improving the quality of life for individuals with mobility limitations, offering a range of options to suit different needs and preferences.

The walking assist devices market size is expected to grow significantly, owing to a surge in the global geriatric population, an increase in mobility impairment due to traumatic injuries, and high adoption of walking assist devices after major surgeries, especially in lower body and spine surgeries. The escalating global geriatric population has emerged as a pivotal driver for the burgeoning walking assist devices market share. For instance, according to a 2022 report by the National Library of Medicine, it was estimated that the global share of elderly persons (60 years and above) is expected to rise from 13.4% in 2020 to 21.3% by 2050. There is an increase in the prevalence of age-related conditions and mobility challenges, such as osteoarthritis and frailty, as the elderly population continues to expand. This demographic shift has prompted a growth in demand for innovative solutions to enhance mobility and ensure independence and quality of life for seniors. Walking assist devices, including canes and walkers, have become indispensable aids in addressing mobility issues among the elderly population. Walking assist devices provide crucial support, stability, and confidence, enabling seniors to maintain an active lifestyle and navigate their surroundings with greater ease. Furthermore, the surge in mobility impairment resulting from traumatic injuries has become a significant driving force behind the remarkable growth observed in the walking assist devices market share. Traumatic injuries, often arising from incidents such as accidents, falls, or sports-related mishaps, can inflict severe damage on the musculoskeletal system, resulting in a substantial reduction in the capacity of an individual to ambulate independently.

North America accounted for the highest market share in 2023, due to the high number of knee replacement and hip replacement surgeries, coupled with the strong presence of major key players. Factors contributing to this could include aging populations, increased awareness and acceptance of assistive technologies, advancements in healthcare infrastructure, and possibly regulatory or reimbursement policies supporting these devices. In addition, the trend likely stems from advanced technological innovations, a significant aging population demanding mobility solutions, robust healthcare infrastructure supporting device adoption, favorable regulatory frameworks, and increasing awareness among healthcare providers and consumers alike. These factors collectively contribute to North America's prominent position, highlighting the region's pivotal role in driving growth and innovation in the field of walking assist devices. However, Asia-Pacific is expected to exhibit the fastest growth during the forecast period, driven by the rise in the geriatric population.

Major market player included in this report are:

Compass Health Brands

Drive DeVilbiss Healthcare

Eurovema Mobility AB

GF Health Products, Inc.

Human Care HC AB

Invacare Corporation

Rifton Equipment

Classic Canes Limited

CAN Mobilities Inc

Ossenberg GmbH

Medline Industries, Inc.

Nova Medical Products

Stander, Inc.

Sunrise Medical

Patterson Medical Holdings, Inc.

The detailed segments and sub-segment of the market are explained below:

By Product

Gait Trainers

Canes

Crutches

Walkers

By Age Group

Geriatric

Adults

By End User

Homecare

Hospitals

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of the competitive structure of the market.

Demand side and supply side analysis of the market.