Market Overview:
The global walking assist devices market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of chronic diseases, growing geriatric population, and rising demand for technologically advanced walking assist devices. Based on type, the global walking assist devices market is segmented into gaits belts and lift vests, canes, crutches, walkers, wheelchairs, power scooters. Gaits belts and lift vests are expected to dominate the market in terms of revenue share during the forecast period owing to their high adoption rates across various regions. Based on application, the global walking assist devices market is segmented into companies manufacturing walking assist device; medical device distributors; healthcare institutions (hospitals,, medical schools,, and governing bodies); health insurance providers; research and consulting firms; regulatory authorities).
Product Definition:
A walking assist device is a tool used to help people with mobility issues walk more easily. This might be because they are elderly and have trouble with balance, or because they have a physical disability that affects their ability to walk. There are many different types of walking assist devices, from canes and crutches to wheelchairs and scooters.
Gaits Belts and Lift Vests:
Gaits belts and lift vests are used to help patients walk. They are attached to the patient’s hips or lower body using hip straps or around the abdomen with a band. The device helps in providing stability and leverage during walking, thereby reducing stress on knee joints and promoting blood circulation in legs.
Canes:
A canes are used in the Walking Assist Devices (WAD) market to provide stability and support to individuals with weak balance. The product is available in various forms such as folding cane, rigid cane, lightweight aluminum alloy canes and soft tip canes among others.
The demand for these devices has increased owing to growing geriatric population coupled with rising incidence of diseases such as arthritis that make it difficult for people walk long distances.
Application Insights:
On the basis of application, the global walking assist devices market is segmented into companies manufacturing walking assist device, medical device distributors, healthcare institutions (hospitals, medical schools and Governing Bodies), health insurance providers, research and consulting firms and regulatory authorities. Companies manufacturing walking assist devices held a major share in 2017. This segment includes manufacturers of walkers & wheelchairs that provide assistance for indoor activities such as shopping or dining out. These products are designed primarily for people with mobility disabilities who require assistance while using public transport or within their homes. The growing geriatric population across the world is expected to be one of the key driving factors for this market over the forecast period due to rising demand from consumers suffering from mobility disabilities requiring walkers & wheelchairs at an early stage in life stages.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of companies manufacturing walking assist devices and high healthcare expenditure are some factors contributing to the growth of this regional market. In addition, growing prevalence of osteoarthritis is expected to drive demand for power scooters and manual wheelchairs in North America. According to an article published by Arthritis Research UK, around 1 million people suffer from osteoarthritis every year in the U.S., with women being more prone than men to develop knee or hip problems due to heavy physical activities undertaken during their lifetime or because of their age (55 years and above). Thus, increasing prevalence rates coupled with rising need for assistive devices are expected fuel growth over the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR over the forecast period owing its rapidly improving economic conditions compared with other regions such as Latin America.
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 increased demand for walking assist devices, as they help improve mobility and independence among seniors.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as arthritis, stroke, Parkinson's disease, and multiple sclerosis is increasing globally due to changing lifestyles and aging populations. This is leading to an increased demand for walking assist devices as they help improve mobility among patients suffering from these conditions.
- Technological advancements: There has been a significant advancement in technology used for manufacturing walking assist devices in recent years, which has led to their becoming more compact, lightweight, and user-friendly. This is resulting in an increase in their adoption by consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Walking Assist Devices Market Research Report
By Type
Gaits Belts and Lift Vests, Canes, Crutches, Walkers, Wheelchairs, Power Scooters
By Application
Companies Manufacturing Walking Assist Device, Medical Device Distributors, Healthcare Institutions (Hospitals, Medical Schools, and Governing Bodies), Health Insurance Providers, Research and Consulting Firms, Regulatory Authorities
By Companies
Invacare, Ossenberg, Besco Medical, Drive Medical, Betterlifehealthcare, Electric Mobility Euro, Meyra, Sunrise Medical, Comfort Orthopedic, Levo, Ottobock, Permobil, GF Health Products, Karma Health Care, Honda Motor, Pride Mobility Products
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Walking Assist Devices Market Report Segments:
The global Walking Assist Devices market is segmented on the basis of:
Types
Gaits Belts and Lift Vests, Canes, Crutches, Walkers, Wheelchairs, Power Scooters
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
Companies Manufacturing Walking Assist Device, Medical Device Distributors, Healthcare Institutions (Hospitals, Medical Schools, and Governing Bodies), Health Insurance Providers, Research and Consulting Firms, Regulatory Authorities
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
- Ossenberg
- Besco Medical
- Drive Medical
- Betterlifehealthcare
- Electric Mobility Euro
- Meyra
- Sunrise Medical
- Comfort Orthopedic
- Levo
- Ottobock
- Permobil
- GF Health Products
- Karma Health Care
- Honda Motor
- Pride Mobility Products
Highlights of The Walking Assist Devices 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:
- Gaits Belts and Lift Vests
- Canes
- Crutches
- Walkers
- Wheelchairs
- Power Scooters
- By Application:
- Companies Manufacturing Walking Assist Device
- Medical Device Distributors
- Healthcare Institutions (Hospitals, Medical Schools, and Governing Bodies)
- Health Insurance Providers
- Research and Consulting Firms
- Regulatory Authorities
- 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 Walking Assist Devices 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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- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
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- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Walking Assist Devices are devices that help people with disabilities walk. They can be used to help people who have difficulty walking on their own, or to support someone as they walk.
Some of the major companies in the walking assist devices market are Invacare, Ossenberg, Besco Medical, Drive Medical, Betterlifehealthcare, Electric Mobility Euro, Meyra, Sunrise Medical, Comfort Orthopedic, Levo, Ottobock, Permobil, GF Health Products, Karma Health Care, Honda Motor, Pride Mobility Products.
The walking assist devices market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Walking Assist Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Walking Assist Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Walking Assist Devices Market - Supply Chain
4.5. Global Walking Assist Devices Market Forecast
4.5.1. Walking Assist Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Walking Assist Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Walking Assist Devices Market Absolute $ Opportunity
5. Global Walking Assist Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Walking Assist Devices Market Size and Volume Forecast by Type
5.3.1. Gaits Belts and Lift Vests
5.3.2. Canes
5.3.3. Crutches
5.3.4. Walkers
5.3.5. Wheelchairs
5.3.6. Power Scooters
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Walking Assist Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Walking Assist Devices Market Size and Volume Forecast by Application
6.3.1. Companies Manufacturing Walking Assist Device
6.3.2. Medical Device Distributors
6.3.3. Healthcare Institutions (Hospitals, Medical Schools, and Governing Bodies)
6.3.4. Health Insurance Providers
6.3.5. Research and Consulting Firms
6.3.6. Regulatory Authorities
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Walking Assist Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Walking Assist Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Walking Assist Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Walking Assist Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Walking Assist Devices Demand Share Forecast, 2019-2026
9. North America Walking Assist Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Walking Assist Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Walking Assist Devices Market Size and Volume Forecast by Application
9.4.1. Companies Manufacturing Walking Assist Device
9.4.2. Medical Device Distributors
9.4.3. Healthcare Institutions (Hospitals, Medical Schools, and Governing Bodies)
9.4.4. Health Insurance Providers
9.4.5. Research and Consulting Firms
9.4.6. Regulatory Authorities
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Walking Assist Devices Market Size and Volume Forecast by Type
9.7.1. Gaits Belts and Lift Vests
9.7.2. Canes
9.7.3. Crutches
9.7.4. Walkers
9.7.5. Wheelchairs
9.7.6. Power Scooters
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Walking Assist Devices Demand Share Forecast, 2019-2026
10. Latin America Walking Assist Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Walking Assist Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Walking Assist Devices Market Size and Volume Forecast by Application
10.4.1. Companies Manufacturing Walking Assist Device
10.4.2. Medical Device Distributors
10.4.3. Healthcare Institutions (Hospitals, Medical Schools, and Governing Bodies)
10.4.4. Health Insurance Providers
10.4.5. Research and Consulting Firms
10.4.6. Regulatory Authorities
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Walking Assist Devices Market Size and Volume Forecast by Type
10.7.1. Gaits Belts and Lift Vests
10.7.2. Canes
10.7.3. Crutches
10.7.4. Walkers
10.7.5. Wheelchairs
10.7.6. Power Scooters
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Walking Assist Devices Demand Share Forecast, 2019-2026
11. Europe Walking Assist Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Walking Assist Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Walking Assist Devices Market Size and Volume Forecast by Application
11.4.1. Companies Manufacturing Walking Assist Device
11.4.2. Medical Device Distributors
11.4.3. Healthcare Institutions (Hospitals, Medical Schools, and Governing Bodies)
11.4.4. Health Insurance Providers
11.4.5. Research and Consulting Firms
11.4.6. Regulatory Authorities
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Walking Assist Devices Market Size and Volume Forecast by Type
11.7.1. Gaits Belts and Lift Vests
11.7.2. Canes
11.7.3. Crutches
11.7.4. Walkers
11.7.5. Wheelchairs
11.7.6. Power Scooters
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Walking Assist Devices Demand Share, 2019-2026
12. Asia Pacific Walking Assist Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Walking Assist Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Walking Assist Devices Market Size and Volume Forecast by Application
12.4.1. Companies Manufacturing Walking Assist Device
12.4.2. Medical Device Distributors
12.4.3. Healthcare Institutions (Hospitals, Medical Schools, and Governing Bodies)
12.4.4. Health Insurance Providers
12.4.5. Research and Consulting Firms
12.4.6. Regulatory Authorities
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Walking Assist Devices Market Size and Volume Forecast by Type
12.7.1. Gaits Belts and Lift Vests
12.7.2. Canes
12.7.3. Crutches
12.7.4. Walkers
12.7.5. Wheelchairs
12.7.6. Power Scooters
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Walking Assist Devices Demand Share, 2019-2026
13. Middle East & Africa Walking Assist Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Walking Assist Devices Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Walking Assist Devices Market Size and Volume Forecast by Application
13.4.1. Companies Manufacturing Walking Assist Device
13.4.2. Medical Device Distributors
13.4.3. Healthcare Institutions (Hospitals, Medical Schools, and Governing Bodies)
13.4.4. Health Insurance Providers
13.4.5. Research and Consulting Firms
13.4.6. Regulatory Authorities
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Walking Assist Devices Market Size and Volume Forecast by Type
13.7.1. Gaits Belts and Lift Vests
13.7.2. Canes
13.7.3. Crutches
13.7.4. Walkers
13.7.5. Wheelchairs
13.7.6. Power Scooters
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Walking Assist Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Walking Assist Devices Market: Market Share Analysis
14.2. Walking Assist Devices Distributors and Customers
14.3. Walking Assist Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Invacare
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ossenberg
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Besco Medical
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Drive Medical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Betterlifehealthcare
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Electric Mobility Euro
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Meyra
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sunrise Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Comfort Orthopedic
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Levo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ottobock
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Permobil
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. GF Health Products
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Karma Health Care
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Honda Motor
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Pride Mobility Products
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4.&nb
