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

Walking Aid Trends and Forecast

The future of the global walking aid market looks promising with opportunities in the hospital, ambulatory surgical center, rehabilitation center, and home care setting markets. The global walking aid market is expected to reach an estimated $3.0 billion by 2030 with a CAGR of 6.8% from 2024 to 2030. The major drivers for this market are rising prevalence of arthritis and Parkinson, growing understanding of the advantages of walking aids, and increasing focus on home healthcare.

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

Walking Aid by Segment

The study includes a forecast for the global walking aid by product, technology, end use, and region.

Walking Aid Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Rollators
• Walkers & Gait Trainers
• Canes
• Crutches

Walking Aid Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Automated
• Manual

Walking Aid Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Ambulatory Surgical Centers
• Rehabilitation Centers
• Home Care Settings
• Others

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

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

List of Walking Aid 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 aid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the walking aid companies profiled in this report include-

• Invacare
• Medline Industries
• Hoveround
• Levo
• Permobil
• GF Health Products
• Ottobock Healthcare
• Sunrise Medical
• Meyra
• Besco Medical

Walking Aid Market Insights

Lucintel forecasts that rollator will remain the largest segment over the forecast period due to its advantages include enhanced convenience, improved stability and balance, and increased portability.

Within this market, hospital will remain the largest segment due to increasing number of hospitals due to increasing healthcare cost and the increasing amount of surgeries being performed in hospitals.

North America will remain the largest region over the forecast period.

Features of the Global Walking Aid Market

Market Size Estimates: Walking aid 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 aid market size by product, technology, end use, and region in terms of value ($B).

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

Growth Opportunities: Analysis of growth opportunities in different product, technology, end use, and regions for the walking aid market.

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

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

FAQ

Q1. What is the walking aid market size?

Answer: The global walking aid market is expected to reach an estimated $3.0 billion by 2030.

Q2. What is the growth forecast for walking aid market?

Answer: The global walking aid market is expected to grow with a CAGR of 6.8% from 2024 to 2030.

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

Answer: The major drivers for this market are rising prevalence of arthritis and Parkinson, growing understanding of the advantages of walking aids, and increasing focus on home healthcare.

Q4. What are the major segments for walking aid market?

Answer: The future of the global walking aid market looks promising with opportunities in the hospital, ambulatory surgical center, rehabilitation center, and home care setting markets.

Q5. Who are the key walking aid market companies?

Answer: Some of the key walking aid companies are as follows:

• Invacare
• Medline Industries
• Hoveround
• Levo
• Permobil
• GF Health Products
• Ottobock Healthcare
• Sunrise Medical
• Meyra
• Besco Medical

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

Answer: Lucintel forecasts that rollator will remain the largest segment over the forecast period due to its advantages include enhanced convenience, improved stability and balance, and increased portability.

Q7. In walking aid 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.

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 aid market by product (rollators, walkers & gait trainers, canes, and crutches), technology (automated and manual), end use (hospitals, ambulatory surgical centers, rehabilitation centers, home care settings, and others), 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?