PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314996
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314996
Global Elderly Walker Market is valued at approximately USD 1.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.9% over the forecast period 2023-2030. The elderly walker market refers to the healthcare industry that focuses on the production, distribution, and sales of walking aids specifically designed for elderly individuals. These walkers, also known as rollators or mobility aids, are designed to provide support, stability, and assistance to elderly individuals with mobility challenges or balance issues. They typically feature a sturdy frame, ergonomic handles, adjustable height, wheels for maneuverability, and various additional features such as seats, storage compartments, and braking systems. The Elderly Walker Market is being driven by factors such as a rising aging population and increasing road accidents.
Elderly walkers provide support and assistance to individuals who have difficulty walking or maintaining balance due to age-related issues, injuries, or disabilities. According to the data published by the UN in 2022, the number of people aged 65 years or above is expected to more than double globally by 2050, rising from 727 million in 2020 to 1.5 billion in 2050. Along with that according to Population Reference Bureau, around 50 million people were injured in road accidents. Thus increasing aging population and road accident cases fueling the growth of the market. In addition to the increasing prevalence of Parkinson's & arthritis disease and an increasing number of surgical procedures create lucrative opportunities for the market. However, the lack of customization of walkers hinders the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Elderly Walker Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the presence of a large base of the elder population and the presence of advanced healthcare facilities in the region. Asia Pacific is considered the fastest-growing region during the forecasted period due to increasing investment in healthcare infrastructure in recent years and the large population base in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable