Walking Assist Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Walking Assist Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Walking Assist Device Trends and Forecast

The future of the global walking assist device market looks promising with opportunities in the wheelchair, canes, crutches, walker, gait belts & lift vest, and power scooter markets. The global walking assist device market is expected to reach an estimated $6.7 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increased occurrences of debilitating neurological diseases and injuries as the population ages, rising number of actions done by governments in various nations to assure the availability of walking aid devices to a large customer base, and growing prevalence of chronic diseases.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Walking Assist Device by Segment

The study includes a forecast for the global walking assist device by distribution channel, product type, and region.

Walking Assist Device Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Offline
• Online

Walking Assist Device Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Wheelchairs
• Canes
• Crutches
• Walker
• Gait Belts & Lift Vests
• Power Scooter

Walking Assist Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Walking Assist Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies walking assist device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the walking assist device companies profiled in this report include-

• Invacare
• Ossenberg
• Besco Medical
• Drive Medical
• Betterlife Healthcare
• Electric Mobility Euro
• Meyra
• Sunrise Medical
• Comfort Orthopedic
• Levo

Walking Assist Device Market Insights

Lucintel forecasts that online will remain the larger segment over the forecast period because of the significant players' tremendous impact on numerous web portals and sites for walking aid gadgets.

North America will remain the largest region over the forecast period due to government policies that are supportive, advanced healthcare infrastructure, and an expanding geriatric population base.

Features of the Global Walking Assist Device Market

Market Size Estimates: Walking assist device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Walking assist device market size by distribution channel, product type, and region in terms of value ($B).

Regional Analysis: Walking assist device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different distribution channel, product type, and regions for the walking assist device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the walking assist device market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the walking assist device market size?

Answer: The global walking assist device market is expected to reach an estimated $6.7 billion by 2030.

Q2. What is the growth forecast for walking assist device market?

Answer: The global walking assist device market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the walking assist device market?

Answer: The major drivers for this market are increased occurrences of debilitating neurological diseases and injuries as the population ages, rising number of actions done by governments in various nations to assure the availability of walking aid devices to a large customer base, and growing prevalence of chronic diseases.

Q4. What are the major segments for walking assist device market?

Answer: The future of the global walking assist device market looks promising with opportunities in the wheelchair, canes, crutches, walker, gait belts & lift vest, and power scooter markets.

Q5. Who are the key walking assist device market companies?

Answer: Some of the key walking assist device companies are as follows:

• Invacare
• Ossenberg
• Besco Medical
• Drive Medical
• Betterlife Healthcare
• Electric Mobility Euro
• Meyra
• Sunrise Medical
• Comfort Orthopedic
• Levo

Q6. Which walking assist device market segment will be the largest in future?

Answer: Lucintel forecasts that online will remain the larger segment over the forecast period because of the significant players' tremendous impact on numerous web portals and sites for walking aid gadgets.

Q7. In walking assist device market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to government policies that are supportive, advanced healthcare infrastructure, and an expanding geriatric population base.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the walking assist device market by distribution channel (offline and online), product type (wheelchairs, canes, crutches, walker, gait belts & lift vests, and power scooter), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?