PUBLISHER: The Business Research Company | PRODUCT CODE: 1751173
PUBLISHER: The Business Research Company | PRODUCT CODE: 1751173
Walking assist devices are tools designed to help individuals with mobility challenges walk or maintain balance. They provide support and stability to enhance movement and reduce the risk of falls. These devices are commonly used by elderly individuals or those recovering from injuries or surgeries, promoting independence and safety during daily activities.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The main types of walking assist devices include gait belts and lift vests, canes, crutches, walkers, wheelchairs, and power scooters. Gait belts assist caregivers in supporting walking or transferring, while lift vests provide upper body support to make lifting easier. The primary age groups using these devices are geriatric and adult individuals. Distribution channels include both online and offline platforms, with end-users such as hospitals, homes, and other care settings.
The walking assist devices market research report is one of a series of new reports from The Business Research Company that provides walking assist devices market statistics, including walking assist devices industry global market size, regional shares, competitors with a walking assist devices market share, detailed walking assist devices market segments, market trends and opportunities, and any further data you may need to thrive in the walking assist devices industry. This walking assist devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The walking assist devices market size has grown strongly in recent years. It will grow from $6.24 billion in 2024 to $6.75 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth observed during the historic period can be attributed to the increasing demand for mobility aids, a growing focus on healthcare, a rise in chronic health conditions, the expanding start-up ecosystem, a higher prevalence of orthopedic diseases, and an increasing incidence of neurological diseases.
The walking assist devices market size is expected to see strong growth in the next few years. It will grow to $9.11 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth during the forecast period can be attributed to the rising prevalence of rheumatoid arthritis, the increasing geriatric population, a growing number of elderly individuals, a surge in mobility-limiting conditions, and a heightened focus on personalization. Key trends expected in the forecast period include advancements in robotic walking aids, innovations in smart adaptation, progress in artificial intelligence (AI) and machine learning, the development of wearable and smart technology integration, and improvements in personalized design.
The growing number of road accidents is anticipated to boost the walking assist devices market in the coming years. Road accidents are unforeseen incidents involving vehicles or pedestrians on roadways, often resulting in damage, injuries, or fatalities. This rise in accidents is largely attributed to increasing driver distractions, particularly the prevalent use of mobile phones, which divert attention and slow reaction times, leading to more frequent collisions. These incidents underscore the need for enhanced safety and contribute to the growing demand for walking assist devices that aid recovery from injuries and improve mobility. For example, in March 2022, the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts an Australian federal government department reported that road fatalities totaled 1,292 in the 12 months preceding February 2025, marking a 1.6% rise from the previous year. As a result, the surge in road accidents is fueling the expansion of the walking assist devices market.
Key players in the walking assist devices market are emphasizing the development of advanced products, such as wearable robots, to improve worker performance, minimize physical stress, and enhance safety in activities such as tree maintenance and forestry. Wearable robots are exoskeletal or assistive devices worn on the body to increase mobility, strength, or endurance across sectors such as healthcare, rehabilitation, and industrial labor. For instance, in January 2024, Samsung Electronics Co., Ltd., a South Korean tech giant, introduced the Samsung EX1 a wearable robot. This device supports mobility and balance in older adults by providing robotic assistance at the hips. Unlike conventional walking aids, the EX1 offers active support for movement while guiding users through structured exercise routines aimed at improving muscle strength and coordination. Studies show regular use can increase stride length by more than 12% and propulsion by about 21%, making it a significant advancement in wearable assistive technology.
In April 2024, Harmonic Bionics, Inc., a U.S.-based robotics firm specializing in assistive and movement-enhancing technologies, announced a partnership with Curexo Inc. This collaboration is designed to broaden Curexo's footprint in the U.S. through the promotion and implementation of its Morning Walk S200 gait rehabilitation system and the CUVIS-spine surgical robot. Harmonic Bionics will take the lead in business development and system installations. Curexo Inc. is a South Korea-based medical robotics company focused on creating advanced surgical and rehabilitation robotic solutions.
Major players in the walking assist devices market are Honda Motor Co Ltd, Comfort Company, Ottobock SE & Co. KGaA, Invacare Corporation, BIOBASE Group, Permobil, Sunrise Medical, Drive DeVilbiss Healthcare, Pride Mobility Products Corp, Etac AB, Besco Medical Limited, GF Health Products Inc, LEVO AG, Ossenberg GmbH, Bischoff & Bischoff, Cobi Rehab, CHINESPORT S.p.a., MEYRA GmbH, Eurovema Mobility AB, Mikirad.
North America was the largest region in the walking assist devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in walking assist devices report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the walking assist devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The walking assist devices market consists of sales of mobility knee crutches, smart walking sticks, stair-climbing aids, and parallel bars. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Walking Assist Devices Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on walking assist devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for walking assist devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The walking assist devices market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.