The global walking assist devices market size was valued at USD 3.96 billion in 2023 and is predicted to reach around USD 7.30 billion by 2033, expanding at a CAGR of 6.32% from 2024 to 2033.
The Walking Assist Devices Market encompasses a range of products designed to aid individuals with mobility impairments. These devices include canes, crutches, walkers, wheelchairs, and electric scooters. The market has seen significant growth due to the increasing prevalence of disabilities and the aging population. Technological advancements, such as smart canes and electric wheelchairs, have further propelled the market, offering enhanced mobility and independence to users. The market is characterized by a diverse range of products catering to different needs, from temporary assistance post-surgery to permanent support for chronic conditions.
Walking Assist Devices Market Key Points
- North America dominated the walking assist devices market with the largest revenue share of 38% in 2023.
- Asia Pacific is expected to witness significant growth in the market during the forecast period.
- By product, the walkers segment held the largest market share in 2023.
- By age group, the geriatric population segment dominated the market in 2023.
- By end-user, the homecare segment led the global market in 2023.
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Growth Factors
The primary growth drivers for the Walking Assist Devices Market include the rising geriatric population, increased incidences of musculoskeletal conditions, and the growing awareness about mobility aid devices. Advances in technology have led to the development of more efficient and user-friendly devices, enhancing their adoption. Moreover, the increasing number of road accidents and sports injuries has contributed to the demand for walking assist devices. The healthcare sector’s emphasis on improving patient outcomes and quality of life also fuels market growth.
Region Insights
Geographically, North America holds a significant share of the Walking Assist Devices Market, driven by high healthcare expenditure, advanced healthcare infrastructure, and a large elderly population. Europe follows closely, with countries like Germany and the UK leading due to their robust healthcare systems and supportive government policies. The Asia-Pacific region is expected to witness the fastest growth, attributed to increasing healthcare investments, a growing aging population, and rising awareness about mobility aids in countries like China and India. Latin America and the Middle East & Africa are also showing potential growth due to improving healthcare facilities and economic development.
- The North America walking assist devices market reached USD 1.50 billion in 2023 and is expected to expand around USD 2.81 billion by 2033, at a CAGR of 6.47% from 2024 to 2033.
- The U.S. walking assist devices market reached USD 1.13 billion in 2023 and is expected to expand USD 2.12 billion by the end of 2033, at a CAGR of 6.49% from 2024 to 2033.
Walking Assist Devices Market Scope
| Report Coverage | Details |
| Market Size by 2033 | USD 7.30 Billion |
| Market Size in 2023 | USD 3.96 Billion |
| Market Size in 2024 | USD 4.21 Billion |
| Market Growth Rate from 2024 to 2033 | CAGR of 6.32% |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | Products, Age Group, End-user, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Walking Assist Devices Market Dynamics
Drivers
Key drivers of the market include the increasing prevalence of conditions such as arthritis, Parkinson’s disease, and osteoporosis, which impair mobility. The rising geriatric population, which is more susceptible to mobility issues, significantly boosts demand. Technological advancements in walking assist devices, such as the integration of sensors and AI for enhanced mobility and safety, are also major drivers. Additionally, the increasing incidence of accidents and injuries, leading to temporary or permanent mobility issues, drives the market.
Opportunities
The Walking Assist Devices Market presents several opportunities for growth. The integration of advanced technologies, such as artificial intelligence and IoT, into assistive devices can significantly enhance their functionality and user experience. The development of lightweight, durable, and customizable devices is another area of opportunity. Emerging markets, particularly in Asia-Pacific and Latin America, offer significant growth potential due to improving healthcare infrastructure and increasing awareness about mobility aids. Furthermore, the growing trend of home healthcare and rehabilitation provides new avenues for market expansion.
Challenges
Despite the positive outlook, the Walking Assist Devices Market faces several challenges. High costs of advanced devices and limited reimbursement policies in certain regions can hinder market growth. Additionally, a lack of awareness and stigma associated with using assistive devices in developing countries pose significant barriers. The market also faces challenges related to product durability and the need for frequent maintenance and replacements. Furthermore, the regulatory landscape for medical devices can be complex and stringent, posing hurdles for market entry and expansion.
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Walking Assist Devices Market Companies
- TOPRO
- Invacare Corporation
- Drive medical design
- Eurovema AB
- HUMAN CARE
- Medline Industries Karman
- Benmor Medical
- Briggs Healthcare
- Carex Health Brands
Recent Developments
- In January 2024, Samsung is launching the wearable robot EX1 to enhance the mobility of older adults. The wearable robots EX1 allow older adults to perform simple exercises such as fitness and walking and help improve their quality of life.
- In February 2024, Sunrise Medical, a leading manufacturer of mobility solutions, launched wireless devices that are proportionally head-controlled, enabling drivers to control their wheelchairs and other devices with head movement.
- In August 2023, the latest app, Walking Tall, was launched and co-designed with people with Parkinson’s disease, aiming to help them walk better. The app was developed by the UNSW Sydney biomedical engineer Dr Matthew A Brodie and a team, and the clinical trial was funded by the Michael J Fox Foundation for Parkinson’s Research and Shake It Up Australia Foundation.
- In June 2022, Cionic, a San Francisco-based medical engineering firm, launched the Cionic Neural Sleeve, one-of-a-kind clothing with the integration of smart technologies and sensors for making the wearers gain improvements in areas like balance, walking speed, gait efficiency, and overall safety.
- In March 2023, Toyota Motor Corporation (Toyota) launched the C+walk S, the second launch in the C+walk mobility series. It is the pedestrian-mobility-assistance model that will be launched in the market at the Toyota automobile dealers and will be available for leasing and renting stores from March 20, 2023.
Segments Covered in the Report
By Products
- Canes
- Crutches
- Walkers
- Gait trainers
By Age Group
- Geriatric
- Adults
By End-user
- Hospitals
- Homecare
- Others
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
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