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  • Walking Assist Devices Market

Walking Assist Devices Market By Product (Walker, Wheelchair, Cane, and others), By Distribution Channel, and By End User - Global Industry Outlook, Key Companies (Karman, Benmor Medical, Briggs Healthcare, and others), Trends and Forecast 2024-2033

Published on : March-2024  Report Code : RC-841  Pages Count : 252  Report Format : PDF
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Walking Assist Devices Market Overview

The Global Walking Assist Devices Market is expected to hold a market value of USD 6.5 billion in 2024 and is projected to show subsequent growth with a market value of USD 11.9 billion by the end of 2033 at a CAGR of 6.9%.

Walking Assist Devices Market Growth Analysis

The walking assist devices are wearable assists that might be intended to enhance locomotion and ergo-protection for those with locomotor disabilities or boundaries. These devices help in walking, status, or transferring by presenting help, and stability as well as assistance in managing weight-bearing activities. These include walkers, canes, crutches, rollators, gait belts, lift vests, electricity scooters, and armed exoskeletons. 

They are employed with the aid of the elderly in addition to with the aid of those with disabilities. People who're on the mend from injuries or surgeries and people who suffer from continual illnesses use them too. Walking Assist Devices offer improved independence, protection, and satisfaction of lifestyles which allow individuals to transport around in their surroundings, participate in everyday sports, and perform rehabilitation physical games or exercise packages with more self-belief and comfort.

Key Takeaways

  • The Global Walking Assist Devices Market size is estimated to have a value of USD 6.5 billion in 2024.
  • The Global Walking Assist Devices Market t is growing at a CAGR of 6.9 percent over the forecasted period.
  • Walker is projected to dominate this market in the context of product as it hold 37.3% of the market share by the end of 2024.
  • Offline distribution channels are anticipated to dominate the distribution channel segment in the global walking assist device market in 2024.
  • Non-hospital organizations are projected to show their dominance in the global walking assist device market in terms of end users as they hold 67.1% of the market share in 2024.
  • North America is projected to dominate the global walking assist device market as it commands 37.9% of total revenue by the end of 2024.

Use Cases

  • The walking assist devices are used by elderly individuals to maintain mobility, stability, and independence as they age.
  • Walking assist devices are used proactively to prevent injuries & alleviate strain on joints and muscles during physical activities.
  • These devices help elderly people navigate their surroundings safely and comfortably, reducing the risk of falls and injuries.
  • Walking assist devices play a crucial role in rehabilitation settings, assisting individuals recovering from injuries, surgeries, or medical conditions affecting mobility..

Walking Assist Devices Market Dynamic

The walking assist device market is evolving with time a few decades back this market was limited to a few products that were manually ridden but now most of the products are available with the integration of various technology which allows the customer to customize their devices in accordance with their personal need. The rise in the elderly population globally is acting as a major factor that is driving the increased cases of mobility disorders and is one of the major drivers that is pushing the growth of this market. 
 
This market is also undergoing rapid development, together with lightweight material, ergonomic designs, and smart functions that enhance product quality. The dynamics of this healthcare market are also affected by the actions of regulators that can change things like rules, coverage, and reimbursement. Technically, the competition is one of the toughest in this marketplace drivers ongoing research and evolution to improve their products and services in line with the ever-changing customer needs. In general, the strolling assistance tool market is expected to grow due to the effect of demographic factors, technological improvements, and the development of mobility solutions.

Walking Assist Devices Market Research Scope and Analysis

By Product

Walker is projected to dominate the walking assist device market in the context of the product as it holds 37.3% of the market share by the end of 2024 and is further anticipated to show the following growth prospects in the upcoming period of 2024 to 2033.

Walking Assist Devices Market Growth Analysis
  
Walkers occupy the largest share of the walking assist device market due to their diversity, availability, convenience, ease of use, affordability, stability, safety features, customization options, and contribution to rehabilitation. To be extensively available through multiple channels, walkers provide support to different mobility constraints and are tailored to the needs of users of every age group. These characteristics as their simplicity of design and cost competitiveness appeal to many segments of the market with the safety features increasing the confidence of the users.
 
Individualized options respond to personal requirements, whereas their high demand for rehabilitation services demonstrates their leading position in the market. Overall, the popularity of walkers is due to their broad appeal and usability, which makes them a choice for many consumers looking for reliable mobility assistance.

By Distribution Channel

Offline distribution channels are anticipated to dominate this segment in the global walking assist device market in 2024. The offline distribution channels retail stores, medical devices supply shops, and pharmacies, provide a try-on facility to customers which allows clients to test gadgets earlier than purchase. As the offline channels provide facilities like personalized guidance, fitting, and maintenance of these devices over a given period boost the popularity of these channels due to customer satisfaction. As in offline channels, these products are available most of the time which is advantageous for them in the context of consumers who need the product urgently.
 
In-person consultations with healthcare professionals build trust and confidence in the product, while fitting services ensure comfort and safety. Hands-on experiences enable informed decision-making based on individual preferences and needs. Local support services, including repairs and warranty assistance, offer convenience and peace of mind. Trust and credibility are established through reputable brick-and-mortar stores, fostering long-term customer loyalty. Overall, offline channels play a pivotal role in providing personalized consultations, immediate access, fitting services, hands-on experiences, local support, and trusted expertise, contributing significantly to meeting consumers' mobility needs.

By End User

Non-hospital organizations like clinics, urgent care centers, homecare, and rehabilitation centers are projected to show their dominance in the global walking assist device market as they hold 67.1% of the market share of this market in 2024.
 
This predominance of the walk-assist device market in non-hospital organizations is recognized due to diverse factors. Senior people tend to prefer aging in the same places, where rehabilitation centers, and domestic care services, provide individual support, independence, and mobility support. Personalized solutions offered by these devices help the people who need those kinds of solutions while preventive care programs encourage proactive health management. 

Through technological advancements, it is becoming possible to make these devices much more usable even in non-hospital settings, therefore making these a popular option. Such things as aging demography, rehabilitation needs, home care services, retail accessibility, insurance coverage, personalized solutions, preventive care, and technological innovations highlight the whole market’s drift toward non-hospital end users.

The Walking Assist Devices Market Report is segmented on the basis of the following:

By Product

  • Walker
  • Wheelchair
  • Cane
  • Crutch
  • Gait Belt and Lift Vest
  • Power Scooter

By Distribution Channel

  • Online
  • Offline

By End User

  • Non-Hospitals
  • Hospitals

Walking Assist Devices Market Regional Analysis

North America is projected to dominate the global walking assist device market as it commands 37.9% of total revenue by the end of 2024 and is further anticipated to show the following growth in the forthcoming period of 2024 to 2033.

Walking Assist Devices Market Regional  Analysis
  
The North American region, especially Canada and the United States now harbors one of the largest growing aging populations which pushes the demand for walking assist devices. The elderly in most cases suffer from arthritis, balance issues, and muscle weakness which pushes the growth of this market in North America. The governments in this region spend a large part of their economic budget on healthcare infrastructure which gives individuals a chance to access these medical devices at a reasonable price.
 
Also, this region fosters various major walking assist device manufacturers who are now primarily focused on the changing consumer demand and offering products with various qualities like the devices are made up of lightweight materials, have ergonomic designs, and smart functionalities. This region also has established distribution networks that supply these scientific devices, which include taking walks to assist gadgets. This allows the provision and accessibility of these products to clients across the location. Collectively, all these factors together with the well-developed healthcare ecosystem and infrastructure of this region establish and solidify North America's position in this market.

By Region

North America
  • The U.S.
  • Canada
Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Russia
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • South Korea
  • India
  • ANZ
  • ASEAN
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Rest of Latin America
Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Egypt
  • Rest of MEA

Walking Assist Devices Market Competitive Landscape

The global walking assist device market is rapidly growing as it fosters various international walking assist device manufacturers that are solidifying their position in this market by offering products according to the changing demands of the customers. Companies like Invacare Corporation, offer mobility aid devices like walkers and canes that focus on user comfort and innovation. This market can be characterized by the presence of various smaller and regional companies and emerging startups making this market more competitive and pushing them further into research and development. 

Various companies in this market are also working to integrate artificial intelligence into their products so it can assist the disabled person in various situations. The major focus of the companies in this market is providing products with more functions, comfort, and affordable walking assist devices.

Some of the prominent players in the global Walking Assist Devices market are:
  • Karman
  • Benmor Medical
  • Briggs Healthcare
  • Carex Health Brands
  • TOPRO
  • Invacare Corporation
  • Drive Medical design
  • Eurovema AB
  • HUMAN CARE
  • Phoenix Instinct
  • Other Key Players

Recent Development

  • In February 2024, The Irish government announces over €1 billion investment since 2020 for walking and cycling infrastructure, aiming to enhance safety and accessibility. Major projects planned for 2024.
  • In January 2024, Harvard and Boston University researchers developed a wearable robot to assist Parkinson's patients in walking, reducing freezing episodes and improving mobility, as reported in Nature Medicine.
  • In November 2023, MEBSTER, winner of 2023 EIT Health Attract to Invest, developed UNILEXA, a passive exoskeleton aiding mobility, addressing healthcare challenges with user-centric innovation.
  • In September 2023, Amazon plans to invest up to $4 billion in Anthropic, an AI startup, aiming to compete with rivals like Microsoft and Google in AI development.
  • In July 2022, Cionic has introduced bionic apparel aimed at assisting individuals experiencing challenges with walking due to neurological disorders like multiple sclerosis, Parkinson's disease, and cerebral palsy.
  • In June 2022, Mobilities created the CAN Go, a cutting-edge smart cane utilizing data to enhance mobility. Crafted from aircraft-grade aluminum, it offers comfort, durability, and safety with a sleek design.

Walking Assist Devices Market Report Details

                                           Report Characteristics
Market Size (2024) USD 6.5 Bn
Forecast Value (2033) USD 11.9 Bn
CAGR (2023-2032) 6.9%
Historical Data 2018 – 2023
Forecast Data 2024 – 2033
Base Year 2023
Estimate Year 2024
Report Coverage Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc.
Segments Covered By Product (Walker, Wheelchair, Cane, Crutch, Gait Belt and Lift Vest, and Power Scooter), By Distribution Channel (Online, and Offline), By End User (Non-Hospitals, and Hospitals)
Regional Coverage North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
Prominent Players Karman, Benmor Medical, Briggs Healthcare, Carex Health Brands, TOPRO, Invacare Corporation, Drive Medical design, Eurovema AB, HUMAN CARE, Phoenix Instinct , and Other Key Players
Purchase Options We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users), and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively.

 

Frequently Asked Questions

  • How big is the Global Walking Assist Devices Market?

    The Global Walking Assist Devices Market size is estimated to have a value of USD 6.5 billion in 2024 and is expected to reach USD 11.9 billion by the end of 2033.

  • Which region accounted for the largest Global Walking Assist Devices Market?

    North America has the largest market share for the Global Walking Assist Devices Market with a share of about 37.9% in 2024.

  • Who are the key players in the Global Walking Assist Devices Market?

    Some of the major key players in the Global Walking Assist Devices Market are Karman, Benmor Medical, Briggs Healthcare, Carex Health Brands and many others.

  • What is the growth rate in the Global Walking Assist Devices Market?

    The market is growing at a CAGR of 6.9 percent over the forecasted period.

  • Contents

      1.Introduction
        1.1.Objectives of the Study
        1.2.Market Scope
        1.3.Market Definition and Scope
      2.Walking Assist Devices Market Overview
        2.1.Global Walking Assist Devices Market Overview by Type
        2.2.Global Walking Assist Devices Market Overview by Application
      3.Walking Assist Devices Market Dynamics, Opportunity, Regulations, and Trends Analysis
        3.1.Market Dynamics
          3.1.1.Walking Assist Devices Market Drivers
          3.1.2.Walking Assist Devices Market Opportunities
          3.1.3.Walking Assist Devices Market Restraints
          3.1.4.Walking Assist Devices Market Challenges
        3.2.Emerging Trend/Technology
        3.3.PESTLE Analysis
        3.4.PORTER'S Five Forces Analysis
        3.5.Technology Roadmap
        3.6.Opportunity Map Analysis
        3.7.Case Studies
        3.8.Opportunity Orbits
        3.9.Pricing Analysis
        3.10.Ecosystem Analysis
        3.11.Supply/Value Chain Analysis
        3.12.Covid-19 & Recession Impact Analysis
        3.13.Product/Brand Comparison
      4.Global Walking Assist Devices Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Product, 2017-2032
        4.1.Global Walking Assist Devices Market Analysis by By Product: Introduction
        4.2.Market Size and Forecast by Region
        4.3.Walker
        4.4.Wheelchair
        4.5.Cane
        4.6.Crutch
        4.7.Gait Belt and Lift Vest
        4.8.Power Scooter
      5.Global Walking Assist Devices Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By Distribution Channel, 2017-2032
        5.1.Global Walking Assist Devices Market Analysis by By Distribution Channel: Introduction
        5.2.Market Size and Forecast by Region
        5.3.Online
        5.4.Offline
      6.Global Walking Assist Devices Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by By End User, 2017-2032
        6.1.Global Walking Assist Devices Market Analysis by By End User: Introduction
        6.2.Market Size and Forecast by Region
        6.3.Non-Hospitals
        6.4.Hospitals
      10.Global Walking Assist Devices Market Value ((US$ Mn)), Share (%), and Growth Rate (%) Comparison by Region, 2017-2032
        10.1.North America
          10.1.1.North America Walking Assist Devices Market: Regional Analysis, 2017-2032
            10.1.1.1.The US
            10.1.1.2.Canada
        10.2.1.Europe
          10.2.1.Europe Walking Assist Devices Market: Regional Trend Analysis
            10.2.1.1.Germany
            10.2.1.2.France
            10.2.1.3.UK
            10.2.1.4.Russia
            10.2.1.5.Italy
            10.2.1.6.Spain
            10.2.1.7.Nordic
            10.2.1.8.Benelux
            10.2.1.9.Rest of Europe
        10.3.Asia-Pacific
          10.3.1.Asia-Pacific Walking Assist Devices Market: Regional Analysis, 2017-2032
            10.3.1.1.China
            10.3.1.2.Japan
            10.3.1.3.South Korea
            10.3.1.4.India
            10.3.1.5.ANZ
            10.3.1.6.ASEAN
            10.3.1.7.Rest of Asia-Pacifc
        10.4.Latin America
          10.4.1.Latin America Walking Assist Devices Market: Regional Analysis, 2017-2032
            10.4.1.1.Brazil
            10.4.1.2.Mexico
            10.4.1.3.Argentina
            10.4.1.4.Colombia
            10.4.1.5.Rest of Latin America
        10.5.Middle East and Africa
          10.5.1.Middle East and Africa Walking Assist Devices Market: Regional Analysis, 2017-2032
            10.5.1.1.Saudi Arabia
            10.5.1.2.UAE
            10.5.1.3.South Africa
            10.5.1.4.Israel
            10.5.1.5.Egypt
            10.5.1.6.Turkey
            10.5.1.7.Rest of MEA
      11.Global Walking Assist Devices Market Company Evaluation Matrix, Competitive Landscape, Market Share Analysis, and Company Profiles
        11.1.Market Share Analysis
        11.2.Company Profiles
          11.3.1.Company Overview
          11.3.2.Financial Highlights
          11.3.3.Product Portfolio
          11.3.4.SWOT Analysis
          11.3.5.Key Strategies and Developments
        11.4.Karman
          11.4.1.Company Overview
          11.4.2.Financial Highlights
          11.4.3.Product Portfolio
          11.4.4.SWOT Analysis
          11.4.5.Key Strategies and Developments
        11.5.Benmor Medical
          11.5.1.Company Overview
          11.5.2.Financial Highlights
          11.5.3.Product Portfolio
          11.5.4.SWOT Analysis
          11.5.5.Key Strategies and Developments
        11.6.Briggs Healthcare
          11.6.1.Company Overview
          11.6.2.Financial Highlights
          11.6.3.Product Portfolio
          11.6.4.SWOT Analysis
          11.6.5.Key Strategies and Developments
        11.7.Carex Health Brands
          11.7.1.Company Overview
          11.7.2.Financial Highlights
          11.7.3.Product Portfolio
          11.7.4.SWOT Analysis
          11.7.5.Key Strategies and Developments
        11.8.TOPRO
          11.8.1.Company Overview
          11.8.2.Financial Highlights
          11.8.3.Product Portfolio
          11.8.4.SWOT Analysis
          11.8.5.Key Strategies and Developments
        11.9.Invacare Corporation
          11.9.1.Company Overview
          11.9.2.Financial Highlights
          11.9.3.Product Portfolio
          11.9.4.SWOT Analysis
          11.9.5.Key Strategies and Developments
        11.10.Drive Medical design
          11.10.1.Company Overview
          11.10.2.Financial Highlights
          11.10.3.Product Portfolio
          11.10.4.SWOT Analysis
          11.10.5.Key Strategies and Developments
        11.11.Eurovema AB
          11.11.1.Company Overview
          11.11.2.Financial Highlights
          11.11.3.Product Portfolio
          11.11.4.SWOT Analysis
          11.11.5.Key Strategies and Developments
        11.12.HUMAN CARE
          11.12.1.Company Overview
          11.12.2.Financial Highlights
          11.12.3.Product Portfolio
          11.12.4.SWOT Analysis
          11.12.5.Key Strategies and Developments
        11.13.Phoenix Instinct
          11.13.1.Company Overview
          11.13.2.Financial Highlights
          11.13.3.Product Portfolio
          11.13.4.SWOT Analysis
          11.13.5.Key Strategies and Developments
        11.14.Other Key Players
          11.14.1.Company Overview
          11.14.2.Financial Highlights
          11.14.3.Product Portfolio
          11.14.4.SWOT Analysis
          11.14.5.Key Strategies and Developments
      12.Assumptions and Acronyms
      13.Research Methodology
      14.Contact
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