Market Overview:
The global medical walkers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and growing demand for home healthcare services. In addition, technological advancements in medical walkers are also contributing to the growth of this market. Based on type, the global medical walkers market is segmented into stainless steel walkers, aluminum alloy walkers, and other types of medical walkers. Stainless steel Walkers are expected to account for a major share of the global medical Walkers Market during the forecast period owing to their high durability and corrosion resistance properties.
Product Definition:
A medical walker is a device that helps people with mobility issues walk more easily. They are often used after an injury or surgery to help the person regain strength and mobility. Medical walkers can be either manual or motorized, and come in a variety of shapes and sizes.
Stainless Steel:
Stainless steel is a widely used material in the medical walkers market. It has various properties such as high corrosion resistance, good strength, and lightweight which makes it suitable for manufacturing medical walkers. The global stainless steel market size was valued at USD 2.8 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of its increasing demand from end-use industries including healthcare & pharmaceuticals and consumer goods industry among others.
Aluminum Alloy:
Aluminum alloys are a group of alloy materials which contain more than one metal. The most common aluminum alloys include aluminum-zinc, zinc-aluminum and copper-aluminum. Aluminum is the base material from which other metals are derived such as magnesium, iron, etc. It is an excellent choice for medical walkers due to its lightweight feature and durability.
Application Insights:
The household segment dominated the global medical walkers market in 2017. The growth can be attributed to increasing geriatric population, which is more susceptible to various diseases and ailments. As a result, demand for walkers in the household application has increased significantly over the past few years.
Medical institutions were the second largest segment valued at USD 281.1 million in 2017 owing to rising number of hospitals across developing countries including China, India and Brazil where equipment are scarce due to high demand for same during critical care situations especially cardiac arrest cases when patients cannot breath on their own or have respiratory problems such as asthma where devices such as CPAP (Continuous Positive Air Pressure) machines are not allowed inside hospital rooms due to space constraints thus leading towards increased usage of medical walkers within medical institutions globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. Increasing geriatric population and rising healthcare expenditure are some of the factors contributing to regional growth. In addition, growing awareness regarding chronic diseases prevention through regular physical activity is anticipated to drive demand for medical walkers over the forecast period.
Asia Pacific is expected to be one of fastest-growing regions during the same period owing to increasing disposable income, improving healthcare infrastructure and rising patient pool in developing countries such as India and China. Moreover, an increase in government initiatives for spreading awareness about chronic diseases prevention through physical activity will also support regional growth over the next eight years (from 2018 to 2030).
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for medical walkers, as they are widely used by elderly people for mobility assistance.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as arthritis, obesity, and heart disease is increasing globally due to changing lifestyles and dietary habits. This is leading to an increase in demand for medical walkers as they are effective tools for managing these conditions.
- Technological advancements: Medical walkers are becoming increasingly sophisticated with new features being added regularly, such as adjustable height settings, built-in seat cushions, cup holders etc., making them more user-friendly than ever before. This is resulting in an increased adoption rate among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Walkers Market Research Report
By Type
Stainless Steel, Aluminum Alloy, Other
By Application
Household, Hospital
By Companies
Invacare, Carex Health Brands, Drive DeVilbiss Healthcare, FORTA, Roma Medical, Invacare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
226
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Medical Walkers Market Report Segments:
The global Medical Walkers market is segmented on the basis of:
Types
Stainless Steel, Aluminum Alloy, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Hospital
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Invacare
- Carex Health Brands
- Drive DeVilbiss Healthcare
- FORTA
- Roma Medical
- Invacare
Highlights of The Medical Walkers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Stainless Steel
- Aluminum Alloy
- Other
- By Application:
- Household
- Hospital
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Walkers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical walkers are devices that help people with mobility issues move around. They are typically used by people who have difficulty walking or standing on their own.
Some of the major players in the medical walkers market are Invacare, Carex Health Brands, Drive DeVilbiss Healthcare, FORTA, Roma Medical, Invacare.
The medical walkers market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Walkers Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Walkers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Walkers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Walkers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Walkers Market Size & Forecast, 2018-2028
4.5.1 Medical Walkers Market Size and Y-o-Y Growth
4.5.2 Medical Walkers Market Absolute $ Opportunity
Chapter 5 Global Medical Walkers Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Medical Walkers Market Size Forecast by Type
5.2.1 Stainless Steel
5.2.2 Aluminum Alloy
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical Walkers Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Medical Walkers Market Size Forecast by Applications
6.2.1 Household
6.2.2 Hospital
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Walkers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Walkers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Medical Walkers Analysis and Forecast
9.1 Introduction
9.2 North America Medical Walkers Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Medical Walkers Market Size Forecast by Type
9.6.1 Stainless Steel
9.6.2 Aluminum Alloy
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Medical Walkers Market Size Forecast by Applications
9.10.1 Household
9.10.2 Hospital
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Medical Walkers Analysis and Forecast
10.1 Introduction
10.2 Europe Medical Walkers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Medical Walkers Market Size Forecast by Type
10.6.1 Stainless Steel
10.6.2 Aluminum Alloy
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Medical Walkers Market Size Forecast by Applications
10.10.1 Household
10.10.2 Hospital
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Medical Walkers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical Walkers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Medical Walkers Market Size Forecast by Type
11.6.1 Stainless Steel
11.6.2 Aluminum Alloy
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Medical Walkers Market Size Forecast by Applications
11.10.1 Household
11.10.2 Hospital
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Medical Walkers Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical Walkers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Medical Walkers Market Size Forecast by Type
12.6.1 Stainless Steel
12.6.2 Aluminum Alloy
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Medical Walkers Market Size Forecast by Applications
12.10.1 Household
12.10.2 Hospital
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Medical Walkers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical Walkers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Medical Walkers Market Size Forecast by Type
13.6.1 Stainless Steel
13.6.2 Aluminum Alloy
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Medical Walkers Market Size Forecast by Applications
13.10.1 Household
13.10.2 Hospital
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Walkers Market: Competitive Dashboard
14.2 Global Medical Walkers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Invacare
14.3.2 Carex Health Brands
14.3.3 Drive DeVilbiss Healthcare
14.3.4 FORTA
14.3.5 Roma Medical
14.3.6 Invacare
