North America Walking Assist Devices Market

North America Walking Assist Devices Market Size & Growth (2023 to 2028)

As per the research report, the size of the North America Walking Assist Devices Market Size is valued at USD 2.29 billion in 2023 and is anticipated to reach USD 2.69 billion by 2028 at 3.24% CAGR during the forecast period 2023 to 2028

The growing geriatric population and rising prevalence of arthritis in North America propels North American walking assist devices market growth. The United States is home to approximately 55 million elderly individuals and the aging population is expected to grow rapidly in the U.S. in the coming years. Rheumatoid arthritis sufferers contend with joint inflammation and pain, constraining leg joint movement and weakening leg muscles. Healthcare practitioners advocate using walking assist devices to enhance independent mobility and balance. Commonly employed walking assist devices encompass canes, crutches, walkers, and standing aids. To cater to the evolving lifestyle needs of the elderly population, manufacturers are dedicatedly crafting an array of walking assistance and mobility devices. This concerted effort is tailored to address mobility challenges and heighten demand in the market.

The growing volume of surgical procedures across North America fuels the growth rate of the North American market. The heightened incidence of chronic diseases such as cardiovascular diseases, cancer, and joint-related conditions contributes to an augmented demand for surgical interventions across the region. Patients may experience reduced bodily strength after surgery due to incisions and blood loss. In this context, healthcare professionals commonly recommend the utilization of walking assist devices until patients regain their physical vigor.

Owing to the growing imperative for patient safety, healthcare administration has embraced the integration of advanced walking assist devices for secure patient mobility within hospital premises during diagnostic procedures. Robotic systems and sensor technologies are progressively integrated into the fabrication of walking assist devices, elevating patient performance and safety. Manufacturers are steadfastly committed to furnishing devices embedded with cutting-edge technologies, optimizing patient outcomes while maintaining cost efficiency. The upswing in research and development investment, collaboration with medical device firms, and a notable presence of key market participants further propel the walking assist devices market in North America.

The high costs associated with certain advanced walking assist devices are one of the major hindrances to the growth of the walking assist devices market in North America. Limited awareness regarding these devices, operational complexities, and prolonged approval timelines for novel offerings further impede the growth of the North American market.

This research report on the North America Walking Assist Devices Market has been segmented and sub-segmented into the following categories:

By Product Type:

• Gait Belts and Lift Vests
• Canes
• Crutches
• Walkers
• Wheelchairs
• Power Scooters

By Country:

• U.S
• Canada
• Rest of North America

North America accounted for the largest share of the worldwide market in 2023 and the domination of the North American region is estimated to continue throughout the forecast period owing to the growing healthcare spending and an increasing number of improvements in the healthcare infrastructure. Government interventions streamline novel walking assist device approvals to enhance the patient experience. The U.S. market is projected to capture the leading share of the North American market during the forecast period owing to the local manufacturing capabilities facilitating the creation of personalized home-based walking assist devices. The growing number of awareness initiatives by market players and healthcare organizations contributes to the growth of the U.S. market. Canada is anticipated to account for a noteworthy share of the North American market in the coming years, with approximately 80% of individuals with disabilities utilizing walking aids. These aids alleviate weight-bearing stress on legs and enhance balance, resonating particularly in the context of rising road accidents and fractures among the populace.

KEY MARKET PLAYERS:

Companies playing a dominant role in the North America Walking Assist Devices Market profiled in this report are C.T.M. Homecare Product, Inc., Ottobock, Ossenberg GmbH, Honda Motor Co., Ltd., Permobil Inc., GF Health Products, Inc., Invacare Corporation, Besco Medical Co., LTD., Betterlifehealthcare Ltd., Pride Mobility Products Corp., Aetna Inc., Sunrise Medical LLC, and Karma Healthcare Ltd.,