Rollator Walker Market Analysis And Forecast To 2031: By Type (3 Wheel Rollators, 4 Wheel Rollators, Heavy Duty Rollator, and Light Duty Rollator), By Age Group (Young Population, 65 to 85years Old, Above 85 Years Old), By End-use (Hospitals, Home Care Se

Rollator Walker Market Analysis And Forecast To 2031: By Type (3 Wheel Rollators, 4 Wheel Rollators, Heavy Duty Rollator, and Light Duty Rollator), By Age Group (Young Population, 65 to 85years Old, Above 85 Years Old), By End-use (Hospitals, Home Care Settings, Others) And Region

The global rollator walker market was valued at USD 1.2 billion in 2021 and it is anticipated to grow up to USD 2.4 billion by 2031, at a CAGR of 7.2% during the forecast period.

A rollator walker is a type of mobility aid that is used by people who have difficulty walking. It is similar to a traditional walker, but it has wheels that allow the user to push it along as they walk. The rollator also has a seat, so that the user can rest when needed. Rollator walkers can be very helpful for people who have difficulty walking, as they can provide support and stability. They can also help people stay mobile and independent. Rollator walkers are available in a variety of sizes and styles, so that they can be tailored to the needs of the individual.

Market Trends and Drivers

There has been a substantial rise in the number of people diagnosed with diabetes worldwide, which could propel rollator walker market statistics. According to the IDF (International Diabetes Federation), around 537 million people between the ages of 20 to 79 years were diagnosed as diabetics in 2021. Categorically, around 1.2 million patients, mainly adolescents and children, have type 1 diabetes whereas close to 541 million adults are at risk of getting type 2 diabetes. A socio-economic analysis by the World Health Organization (WHO) in 2021 showcased that diabetes is more prevalent in middle and low-income countries in comparison to high-income countries, which has increased the product demand.

Market Restraints and Challenges

Regulators have posed stringent policies that have limited the number of product approvals, which could negatively affect glucose biosensors business development. Agencies such as the United States Food and Drug Administration (U.S. FDA) have devised operating procedures, guidelines, performance criteria, and standards for the manufacturing and usage of glucose biosensors devices. This minimizes the risk associated with these devices and ensures adequate safety.

Global Rollator Walker Market Segmental Overview

The report analyses the global rollator walker market based on product Type, Age Group, end-user, and region.

Global Rollator Walker Market by Product Type

Based on product type, it is segmented into 3 Wheel Rollators, 4 Wheel Rollators, Heavy Duty Rollator, and Light Duty Rollator. Among these, 4 Wheel Rollators accounted for significant market share in 2021. Owing to the low cost, ease of use, and broad use in clinics, physiotherapy centers, and other settings, wheelchairs dominate the market. Advanced features such as a laser attachment for assisting Alzheimers patients, lockable wheels, oxygen tank holders, hemiplegic handles, light frame, larger wheel diameter, friction brakes, and expanded weight-bearing capacity are in high demand.

Global Rollator Walker Market by Age Group

In terms of age group, the rollator walker market is segregated into Young Population, 65 to 85years Old, and Above 85 Years Old. The 65 to 85years old segment is anticipated to progress at a significant market share in 2021. These devices have gained immense popularity due to their low cost and increasing number of elderly population. For instance, as per the World Banks statistics published in 2019, around 15.0% of the world population and 20 to 25.0% of the elderly population suffer from some form of disability and it is anticipated to rise in the future. Also, improved accessibility and increased social acceptance are identified as the driving factors for this market.

Global Rollator Walker Market by End-user

With regards to end-user, the rollator walker market is divided into hospitals, home care, and others. Hospitals are likely to observe a notable CAGR in rollater walker market over 2022-2030. Patients may increasingly prefer getting treated from hospitals due to the presence of highly skilled healthcare professionals. Also, several hospitals have advanced equipment, such as remote-controlled wheelchairs and innovative gadgets at their disposal, which can increase the quality of patient care. These features will amplify the preference for hospitals among patients.

Geographical Analysis of Global Rollator Walker Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America was identified as one of the most dominant regions in the walking aids market in 2021. The presence of favorable government policies, advanced healthcare infrastructure, and a high aging population are some factors contributing to its large share. According to CDC, approximately 61 million adults in the U.S. live with a disability. In addition, acquisitions, investments, and product launch strategies adopted by players are expected to drive market growth.

Major Players in the Global Rollator Walker Market

The key players in the rollator walker market are

COVID-19 Impact

The COVID-19 pandemic had a favorable effect on the use of rollator walker, such as 3 Wheel Rollators, 4 Wheel Rollators, Heavy Duty Rollator as there was a significant increase in patient admissions in hospitals. The medical staff required rollators to enhance the quality of patient care and make them feel comfortable while carrying out their daily activities.

Recent Developments

• In October 2022, Dexcom announced the global launch of Dexcom G7 glucose monitoring system with Dexcom announcing its availability in 5 countries in an announcement. Now available for people with diabetes aged 2 years and older in the United Kingdom, Ireland, Germany, Austria, and Hong Kong, also noted company plans for a rollout of the Dexcom G7 CGM system in New Zealand and South Africa in the coming weeks.
• In September 2022, GlucoRx and Cardiff University are set to launch a non-invasive continuous glucose monitor (CGM).
• In January 2022, Abbott launched biowearables for self-monitoring of key nutritional health indicators. This will help to track glucose, ketone, and lactate levels in the body enabling users to continually monitor nutritional and general health.
• In November 2021, Biolinq raises $100 million and unveils micro-sensing technology in the skin for continuous glucose monitoring.
• In September 2020, Abbott introduces world's first glucose biosensor such as Libre Sense Glucose Sport Biosensor. This is designed for athletes to continuously measure glucose to better understand the correlation between their glucose levels and their athletic performance.

Frequently Asked QuestionsQ1. How big is the medical power supply market?Ans. The global rollator walker market size was USD 1.2 billion in 2021 and is anticipated to reach USD 2.4 billion in 2031, growing at a rate of 7.2% from 2022 to 2031.Q2. What is the rollator walker market growth rate?Ans. The growth rate of the rollator walker market is 7.2%.Q3. Which region holds a major market share for the market?Ans. North America holds a major market share of the rollator walker market in 2021.Q4. Which segment accounted for the largest rollator walker market share?Ans. By end user, the hospitals segment accounted for the largest rollator walker market share.Q5. Who are the key players in the glucose biosensors market?Ans. The global rollator walker market report includes players such as Q6. What are the factors driving the rollator walker market growth?Ans. The major factors driving the growth of the market are elderly population is highly susceptible to contracting orthopedic disorders, such as osteoarthritis and rheumatoid arthritis,Q7. What are the key growth strategies of rollator walker market players?Ans. The key growth strategies of rollator walker market players are product launch and product approval.Q8. Which region will provide more business opportunities for the rollator walker market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the rollator walker market during the forecast period.

Please Note: This report will be delivered by publisher within 3-4 business days of order confirmation.