The Latin America, Middle East and Africa Elderly Walker Market would witness market growth of 9.7% CAGR during the forecast period (2023-2030).
The growth of the market is being impacted by significant expenditures in the development of robotic systems and rising healthcare costs. The market trends are influenced by growing e-commerce sales and direct-to-consumer marketing awareness. The booming need for walking aid devices is a result of the healthcare sectors' fast technical development. The majority of neurological illnesses are also expected to cause a growth in the senior walker market over the next years.
Rollators and walkers are becoming more affordable and more widely available because to technological improvements and the usage of cutting-edge equipment. The cost of walkers will probably continue to decrease in the years to come as manufacturing technology develops and the price of raw materials decreases. Despite the fact that there are issues with competition, investors are enthusiastic about this industry because of the rising need for mobility aids. These reasons will likely cause the market for geriatric walkers to expand and provide possibilities.
The State of Qatar is committed to continuing its work to protect, defend, and eliminate any barriers that prevent elderly citizens from living with dignity and in concord with their families and society. The Qatari government is ensuring they are engaged in all facets of the development and creation of the nation. Additionally, Qatar emphasized the crucial role played by civil society groups, such as the Center of Empowerment and Elderly Care (Ehsan) of the Qatar Foundation for Social Work. The expanding senior population and the government's enhanced efforts to promote older people's welfare are expected to raise demand for elderly walkers, which will hasten the market's growth.
The Brazil market dominated the LAMEA Elderly Walker Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $43.7 million by 2030. The Argentina market is exhibiting a CAGR of 10.3% during (2023 - 2030). Additionally, The UAE market would showcase a CAGR of 9.4% during (2023 - 2030).
Based on End-use, the market is segmented into Hospitals, Home Care, and Others. Based on Type, the market is segmented into Rollators, Knee Walkers, and Standard Walkers. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Elderly Walker Market is Projected to reach USD 2.3 Billion by 2030, at a CAGR of 7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Invacare Corporation, Drive DeVilbiss Healthcare (Medical Depot, Inc.), Compass Health Brands Corporation (Carex Health Brands), Medline Industries, Inc., Briggs Healthcare Corporation, Topro Industrie AS, GF Health Products, Inc., Nova Medical Products, Kaye Products, Inc. and Just Walkers.
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