North America Elderly Walker Market Size, Share & Industry Trends Analysis Report By End-use (Hospitals, Home Care, and Others), By Type (Rollators, Knee Walkers, and Standard Walkers), By Country and Growth Forecast, 2023 - 2030
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Market Report Description
The North America Elderly Walker Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030).
The rise in the elderly population will likely be accompanied by an increase in the prevalence of Parkinson's and arthritic illness, an increase in accidents, and an increase in surgical operations. Additionally, it is anticipated that the market would rise during the forecast period due to attractive reimbursement frameworks, regulatory regulations, and efforts done by public and private organizations to promote the use of geriatric walkers.
As the population ages, caregiving will confront significant challenges. One of the problems that the aging population struggles with the most is the lack of mobility. Personal assistance mobility devices are in great demand to preserve the freedom of the elderly. Due to how simply they make use of a user's remaining mobility, walkers are one of the most well-liked categories of assistive technology. Standing also has substantial psychological benefits, such as maintaining social connections and self-worth, in addition to its physical benefits.
The CDC reports that 24% of American adults, or 58.5 million individuals, have arthritis. With yearly expenditures for medical treatment and unpaid wages of $303.5 billion, it is a primary cause of work impairment. Their ability to work may be restricted by arthritis, or they may be unable to work at all. According to the Canadian Government, females are more likely to be diagnosed with rheumatoid arthritis (1.7% and 1.0 per 1,000 people per year, respectively) than males (0.8% and 0.5 per 1,000 people per year, respectively). These statistics normally rise with age. It is anticipated that the increased number of arthritis cases and the region's aging population would increase demand for elderly walkers and lead to market growth.
The US market dominated the North America Elderly Walker Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $541.6 million by 2030. The Canada market is poised to grow at a CAGR of 8.7% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 7.8% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
By End Use
- Home Care
- Knee Walkers
- Standard Walkers
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
- Just Walkers
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