Asia Pacific Walkers and Rollators Market Size, Share & Industry Trends Analysis Report By Type, By Distribution Channel (Offline, and Online), By Application (65 to 85 years old, Above 85 years old, and Young), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Walkers and Rollators Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
The senior population's increased prevalence of musculoskeletal conditions, including rheumatoid arthritis and osteoarthritis, has also increased demand for better, more advanced walkers and rollators, which supports the growth of the walkers and rollators market. Additionally, the rise in R&D activities for walkers and rollators has improved healthcare services, and considerable government investments have improved healthcare infrastructure, making them crucial instruments for small & large businesses.
Due to the rapidly rising senior populations in nations like China, and India, there is a growing need for walkers & rollators in developing countries as well. This will create a profitable walkers & rollators Market opportunity in the approaching years. The aging population is rapidly expanding. Caregiving will face enormous issues as the population ages. The loss of movement is one of the issues that the aging population faces the most.
To maintain the elderly's independence, personal assistance mobility gadgets are highly requested. The walkers are one of the more popular types of assistive technology because they are so straightforward in their utilization of the user's residual mobility abilities. In addition to the physical advantages of being in a standing position, there are also significant psychological advantages, such as preserving social relationships and self-worth.
Japan's population is aging quickly; in 2017, there were 27.7% of people over 65. This percentage is the highest in the world and is expected to keep rising until it reaches 38.4% in 2065. In Japan, there were about 28.6% of people over the age of 65 in 2020. In 2020, there were 22.66 million senior households (private households with persons 65 or older). There were 6.72 million elderly homes with just one individual. There were roughly twice as many women as men among them. The average lifespan in Japan in 2020 was 81.6 years for men and 87.7 years for women. Walkers will be used more frequently for walking, balance, and other activities as the aging population grow, which will fuel market expansion in the APAC region.
The China market dominated the Asia Pacific Walkers and Rollators Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $177.3 Million by 2028. The Japan market is experiencing a CAGR of 4.9% during (2022 - 2028). Additionally, The India market would display a CAGR of 6.2% during (2022 - 2028).
Based on Type, the market is segmented into 4-wheeler, 3-wheeler, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Application, the market is segmented into 65 to 85 years old, Above 85 years old, and Young. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Walkers and Rollators Market is Projected to reach USD 2.2 Billion by 2028, at a CAGR of 5.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eurovema Mobility AB (Weland AB), Karman Healthcare, Inc., Drive DeVilbiss Healthcare (Medical Depot, Inc.), Compass Health Brands Corporation, Human Care HC AB, Invacare Corporation, GF Health Products, Inc., Evolution Technologies Inc., Benmor Medical Ltd., and Briggs Healthcare Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- 65 to 85 years old
- Above 85 years old
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Eurovema Mobility AB (Weland AB)
- Karman Healthcare, Inc.
- Drive DeVilbiss Healthcare (Medical Depot, Inc.)
- Compass Health Brands Corporation
- Human Care HC AB
- Invacare Corporation
- GF Health Products, Inc.
- Evolution Technologies Inc.
- Benmor Medical Ltd.
- Briggs Healthcare Corporation
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