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Global Walking Assist Devices Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Product Type & Region - Industry Forecasts (2023 to 2028)

Published: March, 2023
ID: 4893
Pages: 185
Formats: report pdf report excel report power bi report ppt

Global Walking Assist Devices Market Size (2023 to 2028)

The global walking assist devices market was worth USD 6.32 billion in 2023 and is further expected to grow and value USD 7.66 billion by 2028, registering a 3.9% CAGR between 2023 and 2028.

Walking assists are designed for those who have had a leg injury or cannot walk independently due to weak leg muscles. Assistive equipment is used with walking assist devices. It offers therapy, as well as assistive and adaptive equipment, to individuals with physical disabilities. When patients cannot complete or have problems following any work, a walking aid unit supports them in carrying it out individually. The technology allows the processor to adjust methods for carrying out system functions. Crutches have a soft bar at the tip that rests under the armpit. People that have lost one leg commonly use this kind of walker. Axillary crutches, forearm crutches, platform crutches, stutter crutches, and leg support crutches are among the many types available on the market, each with a different weight capacity and height. They are also used for children to learn to walk. Walking assist devices are robotic devices that assist injured patients in walking when under the supervision of therapists and doctors. People with nervous system diseases like Parkinson's disease and Alzheimer's disease use these devices to help them maintain their balance while walking. The basic design is that it has a light body weight and comes with four or two wheels to support the user when walking. Canes, baby walkers, crutches, and standard walkers are among the different forms of walker devices available in the industry, depending on the user's needs. For example, a cane walker is a portable walking stick that gives the physical user assistance when walking.

MARKET DRIVERS:

The global walking assist devices market is projected to be driven by rising government initiatives to ensure that walking assist devices are available to the elderly to meet demand. In addition, the development of the walking assist devices industry is projected to be driven by an increase in healthcare spending and a rise in demand for rehabilitation equipment before surgery. The global demand is expected to grow as the prevalence of neurological diseases rises. In addition, increasing government funding for the advancement of robots to improve health adds to expanding the global walking assist devices market.

MARKET RESTRAINTS:

The increase in the cost of walking assist devices and some concerns about walking assist devices are hindering the growth of the global walking assist devices market. For people who use walkers, early obstacle identification is essential. Also, when using an outpatient aid, sudden shifts in terrain will pose severe difficulties to balance due to impaired balance.

COVID-19 Impact on the Global Walking Assist Devices Market:

COVID-19 is a worldwide pandemic caused by coronavirus 2 (SARS-CoV-2) of severe acute respiratory syndrome (SARS). People who had covid had respiratory issues. COVID-19 has significantly increased the demand for medical products such as masks, gloves, and protective eyewear. Health services are in higher demand as a result of the infected population. In primary clinical care, respiratory support equipment such as an atomizer, a life-support pump, an oxygen generator, and a monitor are among the most commonly used medical devices. With the number of COVID-19 cases globally, the need for medical supplies from healthcare providers and the general public is growing. Manufacturers of these devices have an opportunity to profit from the increased demand for medical supplies by ensuring a steady supply of personal protection equipment on the market. As a result, COVID -19 is expected to affect the walking assist devices market for these reasons significantly.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 to 2028

Base Year

2022

Forecast Period

2023 to 2028

Segments Analysed

By Product, Type, Route of Administration, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis; DROC, PESTLE Analysis; Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Analysed

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

Companies Analysed

Honda Motor Co., Ltd., Permobil Inc., G.F. Health Products, Inc., Invacare Corporation, Besco Medical Co., LTD., Betterlifehealthcare C.T.M. Homecare Product, Inc., Ottobock, Ossenberg GmbH, Pride Mobility Products Corp., Aetna Inc., Sunrise Medical L.L.C., and Karma Healthcare Ltd.

 

This research report on the global walking assist devices market has been segmented and sub-segmented into the following categories.

Walking Assist Devices Market By - Product Type:

  • Gait Belts and Lift Vests
  • Canes
    • Quad canes
    • Folding canes
  • Crutches
  • Walkers
  • Standard Walkers
  • Rolling Walkers /Rollators
  • Hemi Walkers
  • Wheelchairs
    • Electric wheelchairs
    • Front-wheel drive
    • Center wheel drive
    • Rear wheel drive
    • Standing power wheelchairs
  • Power scooters
  • Boot scooters
  • Road scooters
  • Pavement scooters

Based on product type, the wheelchairs segment is forecasted to account for the largest share in the global walking assist devices market during the forecast period. The demand for walking devices is rising amongst the geriatric population mainly due to benefits, such as providing support, balance, and the subsequent ability to live independently. Moreover, the demand for rehabilitation equipment is rising due to its significant role in bettering the lives of the physically challenged.

Power scooters also have the largest market share due to an increasing number of people buying more convenient and portable products. These are most useful to people over 60 and people who cannot walk due to chronic disease, leg fractures, etc. These people buy these types of scoters to make their move from one place to another place in an effortless manner. Furthermore, most manufacturers produce the device based on the patient's requirements. Therefore, personalized power scooters get more Impact on the people who can buy them based on their disability.

Walking Assist Devices Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The global walking assist devices market in North America accounted for the largest share of the walking assist device, followed by Europe. Canada shares the most significant portion of this region. According to the Survey on Disability, 20 percent of people in Canada had a disability in 2019. Maintaining independent mobility is essential for adults living far from their loved ones 80% of these individuals use walking aids, including canes, walkers, crutches, and walking sticks. This helps decrease weight-bearing loads on the legs and is commonly used to improve balance and facilitate independent mobility. Walking aids help people who are above 65 years in Canada. U.S. people also use these walking assist devices because people increase their weight. Obesity and overweight people cannot walk on their own. These people use assisting devices that drive the market forward in this region.

 The rise in the rates of the obese population has been driving the procedure growth. Still, Europe-wide efforts to cut healthcare costs to reduce reimbursements will compel patients to opt for alternative surgeries like Arthroscopic Debridement and M.I.S. The European market is growing due to technological advancements and government support, and an increase in the spending capacity population.

The European region has had moderate growth due to increased usage of walking assist devices in recent years. Parkinson's disease is one of the most common diseases in Europe, which is a chronic neurodegenerative disorder affecting about 1·5 million people across Europe. The person with this disease cannot walk properly, shaking legs and slow movement. For this, European people use a walking assist device, making them walk correctly without other support. This is the main reason for the market to drive in this region. In 2022, German Bionic is the most significant making robotic assisting device and has developed a new model with active walking assistance, IP54 waterproofing, and a more powerful 40 V battery. Most companies in Italy offer these walking assist devices for rental purposes. Many people do not afford to buy these expensive devices, so companies are offering these devices for rental purposes and explaining the device usage, which drives the market forward.

 Asia-Pacific is anticipated to register the most significant growth rate. Due to the increasing number of older adults in India, the region has boosted the market. These walking assist devices are used by many Indians who are suffering to move from one position to another with support. One of the devices used is a walker, which provides maximum support to the user. For older adults, lightweight walkers are suggested by doctors to perform their daily activities.   Leading manufacturers are manufacturing these devices mainly for aged people who do not have the physical strength to push heavy mobility aids. As a result, the market has grown fast in this region. In China, increasing advanced assist device manufacturers drive the market forward. They improved walking ability with wearable robot-assisted training in patients suffering from a chronic stroke. Wearable robotic devices are used for patients suffering from chronic stroke. It provides safe and intensive rehabilitation. It helps to move the leg in a repeated motion with the help of a motor which helps people improve their walking after three weak of surgery. It was made possible with the Chinese start-up for the disease's neurological disorders and spinal cord injuries. In Japan, most of the older people use a walking trolley which is multi-wheeled and helps them to walk safely and independently. The Japanese Industrial Standards (JIS) and the International Organization for Standardization (ISO) have given some guidelines for manufacturing these devices, including ISO standards. All these factors drive the market forward in this region. Japanese people are using robot walking assist devices that take brain signal and helps to move the legs according to them. Now researchers and manufacturers are working together to find the best walking assist devices according to the user's information to make their life easy.

Latin America and Middle East Africa also have the market share due to the increasing disease related to neurology and the increasing older population who need these devices to move independently.

KEY MARKET PARTICIPANTS:

A few of the noteworthy companies operating in the global walking assist devices market profiled in the report are Honda Motor Co., Ltd., Permobil Inc., G.F. Health Products, Inc., Invacare Corporation, Besco Medical Co., LTD., Betterlifehealthcare Ltd., C.T.M. Homecare Product, Inc., Ottobock, Ossenberg GmbH, Pride Mobility Products Corp., Aetna Inc., Sunrise Medical L.L.C., and Karma Healthcare Ltd.

RECENT MARKET DEVELOPMENTS:

  • In 2021, the Invacare AVIVA STORM RX rear-wheel drive power wheelchair was launched by Invacare Corporation. This design allows the user to move closer to the objects in the surrounding.
  • In 2019, Honda R&D Americas, Inc. agreed with Ohio State University to increase the research on the safety of Honda's Walking Assist Device in helping people with Parkinson's disease.
  • In 2022, Cionic announced its first product, the lightweight leg-worn Cionic Neural Sleeve, which F.D.An approved. It is used to improve the lives of people with mobility problems such as foot drop and leg muscle weakness.
  • In 2021, Moovit partnered with brilliant cane company WeWALK to improve the mobility of the visually impaired.
  • In 2022, CAN Mobilities announced the launch of the world's smartest cane, "CAN Go." it helps people with mobility challenges stay mobile, safe, and independent.

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