Global Walking Assist Devices Market Overview, 2023-28

Global Walking Assist Devices Market Overview, 2023-28

As the name implies, assisted walking devices are pieces of equipment that help users regain mobility. Assisted walking devices are generally intended to allow individuals to walk without assistance, allowing them to reclaim their independence. Ambulatory assistive devices are another name for assisted walking equipment. These gadgets are classified as long-lasting medical equipment. Canes, crutches, walkers, and other orthotic devices are examples of assisted walking devices. Users might range in age from toddlers to the elderly. Assisted walking devices help individuals who have lost partial control of their cognitive skills improve their balance and, as a result, their safety. These technologies allow people to go about their normal lives. Mobility walkers, for example, reduce the strain on the knees and hips of the old, injured, or incapacitated. People with joint problems can benefit from assisted walking devices as well. People's independence, privacy, and dignity are enhanced by assistive technology. Furthermore, it assists individuals in determining their own life decisions and choices. Many assisted walking gadgets come with wheels for ease of use. Baby walkers, for example, increase infants' gross motor ability and provide them with a safe and controlled manner to explore and interact with their surroundings. They lower the danger of falling, improve balance, and increase the capacity for walking and physical activities. With technical improvements, automated and digital or electronic-assisted walking devices with extra functions have saturated the market, improving the quality of life for millions of people. The Walking Assist Device is designed to be used in walking training and includes a function to influence the user to attain efficient walking based on the inverted pendulum model, which is a theory of bipedal walking. Ambulatory assistive devices are another term for walking assistance. A walking aid is one of several devices that may be given to a patient to help them enhance their walking pattern, balance, or safety while mobility independently. The global market is expected to grow in the coming years as a result of factors such as an increase in the number of initiatives launched by governments in several countries to ensure the availability of walking assist devices to a large consumer base, an aging population, and rising incidences of debilitating neurological diseases and injuries.

According to the research report, “Global Walking Assist Devices Market Overview, 2028” published by Bonafide Research, the market is anticipated to cross USD 6 Billion by 2028, increasing from USD 3.95 Billion in 2022. By 2023-28, the market is estimated to increase at a CAGR of more than 8%. The increase in healthcare spending and government support for robotic system innovation to encourage a healthy lifestyle will contribute considerably to the global expansion of the walking assist device market size over the forecast period. Panasonic Corporation, for example, plans to launch a mass-production prototype of its Walk Training Robot in April 2021, with the goal of providing quick and safe walk instruction to seniors. Panasonic has been developing and testing artificial intelligence-powered walking training robotic systems to assist those who are unable to walk but desire to live a healthier lifestyle. Additionally, growing knowledge of direct-to-consumer marketing and e-commerce sales contributes to the expansion of walking assist device market trends. The fast advancement of technology in health care services is driving the market for walking aid devices. Rising government initiatives to improve the sustainability of walking assist devices for the elderly and match customer expectations are also predicted to drive the global walking assist device market in the coming years. Furthermore, as the prevalence of incapacitating neurological disorders and conditions among patients rises, so does the market for walking assistance devices. Walking aids are intended for people who have had a leg injury or who are unable to walk independently due to weak leg muscles. With walking assist devices, assistive equipment is used. Individuals with physical limitations can benefit from therapy as well as assistive and adaptable equipment. When patients are unable to complete or have difficulty following any work, a walking aid unit assists them in carrying it out independently. The technology enables the processor to modify methods for performing system functions. The tip of crutches has a cushioned bar that lies under the armpit. This type of walker is widely used by those who have lost one leg. Among the many forms available on the market are axillary crutches, forearm crutches, platform crutches, stutter crutches, and leg support crutches, each with a distinct weight capacity and height. Children also use them to learn to walk. Walking aid devices are robotic devices that help wounded individuals walk while being monitored by therapists and doctors.

The Asia-Pacific region is experiencing significant growth in the Walking Assist Devices Market due to several key factors. One of the primary drivers is the rapidly aging population in many countries across the region, leading to an increased prevalence of mobility-related issues and a rising demand for assistive devices. Additionally, the improving economic conditions in several Asia-Pacific countries have resulted in higher healthcare spending, enabling individuals to invest in advanced walking assist devices. Furthermore, the region has witnessed a surge in technological advancements and innovation, with a focus on developing more sophisticated and user-friendly Walking Assist Devices. Governments and healthcare organizations in the Asia-Pacific are also increasingly recognizing the importance of promoting independent living for elderly and disabled populations, fostering the adoption of assistive technologies. The demand for walkers and rollators is witnessing substantial growth in the Walking Assist Devices Market for several reasons. Firstly, as the global population ages, there is an increasing prevalence of mobility-related challenges among the elderly. Walkers and rollators provide crucial support and stability, allowing individuals to maintain or regain their mobility and independence. These devices are designed with user-friendly features, such as adjustable heights, comfortable grips, and built-in seating options, making them particularly appealing to seniors seeking convenient and versatile mobility aids. Moreover, there is a growing awareness and emphasis on active aging, encouraging older adults to stay physically active and engaged in daily activities. Walkers and rollators align with this trend by enabling users to move about safely and participate in various routines. Additionally, advancements in design and materials have enhanced the overall functionality and aesthetics of walkers and rollators, contributing to their increased acceptance and adoption in the Walking Assist Devices Market.

The online distribution channel is experiencing robust growth in the Walking Assist Devices Market, primarily driven by the increasing prevalence of e-commerce platforms and the changing consumer preferences for convenient and accessible shopping experiences. Online channels provide a wide range of benefits, including the ability for consumers to browse and compare products easily, access a diverse selection of brands and models, and read customer reviews to make informed decisions. This level of transparency and information availability is particularly crucial when individuals are considering purchasing walking assist devices, as they often require personalized features to suit specific mobility needs. Moreover, the online distribution channel offers the convenience of doorstep delivery, saving consumers time and effort associated with visiting physical stores. The ease of online transactions, coupled with a growing comfort in making healthcare-related purchases online, has contributed to the escalating popularity of this distribution channel in the Walking Assist Devices Market. Additionally, the COVID-19 pandemic has accelerated the adoption of online shopping across various sectors, including healthcare, further fueling the growth of online distribution channels in the Walking Assist Devices Market. The pediatric age group is witnessing growth in the Walking Assist Devices Market due to several factors that emphasize the importance of early intervention and mobility support for children with developmental challenges. The increased awareness and understanding of pediatric mobility issues, such as cerebral palsy and other neuromuscular disorders, have led to a greater emphasis on providing assistive devices tailored to the unique needs of children. These devices, including pediatric walkers and gait trainers, play a crucial role in promoting mobility, independence, and overall development in children with mobility impairments. Moreover, advancements in technology have led to the development of innovative and child-friendly designs, making walking assist devices more appealing and user-friendly for pediatric users. Early intervention with such devices can significantly impact a child's physical and social development, reinforcing the demand for pediatric walking assist devices in the market. Additionally, increased advocacy and awareness campaigns by healthcare professionals and organizations have contributed to the recognition of the importance of mobility aids in improving the quality of life for children facing mobility challenges, thereby driving the growth of the pediatric segment in the Walking Assist Devices Market.

Market Drivers

• Advancements in materials and manufacturing processes: Innovations in lightweight, durable materials, such as carbon fiber and aluminum alloys, have led to the development of more ergonomic and user-friendly walking aids. These materials not only enhance the overall durability of the devices but also make them more comfortable for long-term use. Furthermore, improved manufacturing techniques have resulted in the production of walking assist devices with enhanced adjustability and customization, catering to the unique needs and preferences of users.

• Increasing prevalence of lifestyle-related disorders: The increasing prevalence of lifestyle-related disorders, such as obesity and sedentary lifestyles, also drives the demand for walking assist devices. These conditions can contribute to musculoskeletal issues and joint problems, necessitating the use of mobility aids. As public awareness about the importance of physical activity and the role of walking assist devices in promoting mobility grows, there is a corresponding increase in the adoption of these devices among individuals looking to maintain or improve their overall health and well-being.

Market Challenges

• Lack of standardized reimbursement policies: In many regions, reimbursement for assistive devices varies widely, and obtaining coverage for walking aids can be a complex and time-consuming process. Establishing uniform reimbursement policies and increasing collaboration between healthcare providers and insurance agencies is crucial for ensuring that individuals in need have access to affordable walking assist devices, thus overcoming a significant barrier to market growth.

• Environmental barriers: Environmental barriers, such as inadequate infrastructure and accessibility issues, pose challenges for individuals using walking assist devices. Uneven sidewalks, lack of ramps, and limited accessible public spaces can hinder the mobility of users and create safety concerns. Addressing these environmental challenges requires collaborative efforts from governments, urban planners, and advocacy groups to create more inclusive and accessible environments that support the widespread use of walking assist devices.

Market Trends

• Increasing focus on user-centric design and human factors engineering: Manufacturers are investing in research and development to create walking assist devices that prioritize user comfort, ease of use, and overall user experience. This trend extends beyond functionality, encompassing elements such as grip design, adjustable features, and intuitive controls. As consumer expectations continue to evolve, the market is likely to see a greater emphasis on user-centric innovations that enhance the overall usability and acceptance of walking assist devices.

• Collaborations and partnerships: Collaborations and partnerships between walking assist device manufacturers and healthcare providers represent a growing trend. These partnerships aim to integrate assistive technology seamlessly into healthcare ecosystems, ensuring that healthcare professionals are involved in the prescription, fitting, and ongoing support for users. This trend aligns with a holistic approach to mobility care, promoting the integration of walking assist devices into comprehensive rehabilitation and patient care plans. As these collaborative efforts expand, they are expected to contribute to a more streamlined and patient-centric walking assist devices market.

Covid-19 Impacts

The pandemic led to widespread disruptions in supply chains worldwide, affecting the production and distribution of various goods, including walking assist devices. Lockdowns, restrictions on movement, and disruptions in manufacturing facilities created challenges for companies in maintaining regular production levels. Delays in the procurement of raw materials and components impacted the availability of walking assist devices in the market. Many elective surgeries and non-urgent medical procedures were postponed or delayed during the peak of the pandemic. This delay had implications for the rehabilitation needs of individuals recovering from surgeries, injuries, or conditions that would typically require walking assist devices as part of the recovery process. As elective procedures resumed, there was a subsequent increase in the demand for walking assist devices. The economic impact of the pandemic, including job losses and financial uncertainties, influenced purchasing decisions. Individuals may have been more cautious in spending on non-essential healthcare products, impacting the sales of walking assist devices. Affordability became a significant consideration for many consumers, and this economic uncertainty affected the market dynamics. With concerns about exposure to the virus in healthcare facilities, there was a notable shift in consumer preferences towards home-based healthcare solutions. This trend positively affected the walking assist devices market, as individuals with mobility issues sought ways to manage their conditions within the safety of their homes. The demand for assistive devices that facilitate mobility and independence in home settings experienced an upswing during the pandemic.

Recent Developments

• In July 2022, Cionic launched bionic clothing to help patients with walking difficulties arising from neurological conditions such as multiple sclerosis, Parkinson's, and cerebral palsy.

• In June 2022, CAN Mobilities develop the world's smartest walking cane to boost motion through data. The CAN Go is an ultra-comfortable, sturdy and sleekly designed cane hewn from aircraft-grade aluminum and sporting a soft, non-stick non-slip grip for enhanced safety.

• In 2021, the Invacare AVIVA STORM RX rear-wheel drive power wheelchair was launched by Invacare Corporation. This design allows the user to move closer to the objects in the surrounding.

• In 2021, Moovit partnered with brilliant cane company WeWALK to improve the mobility of the visually impaired.

Considered in this report:

• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:

• Global Walking Assist Device market Outlook with its value and forecast along with its segments
• Region-wise Walking Assist Device market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions covered in the report

• North America
• Europe
• Asia-Pacific
• South America
• Middle-East & Africa

By Products

• Walkers and Rollators
• Canes & Crutches
• Other Mobility Care Products

By Distribution Channel:

• Offline
• Online

By Category:

• Adult
• Pediatric

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Walking Assist Device, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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