According to a new report, published by KBV research, The Global Elderly Walker Market size is expected to reach $2.3 billion by 2030, rising at a market growth of 7.0% CAGR during the forecast period.
The Hospitals segment is leading the Global Elderly Walker Market by End-use in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.1 billion by 2030. Due to the large number of senior patients brought in by the worldwide growth in chronic illnesses as well as the increased capacity of these healthcare facilities for funding and providing services, this is the case. Additionally, the rise in the number of hospital patient admissions as well as the rising need for walkers during post-surgical treatments all contribute to the market's expansion.
The Standard Walkers segment is showcasing a CAGR of 7.7% during (2023 - 2030). A regular walker has four legs and must be raised with each stride, but a rollator has three or four wheels, may be pushed in front of the user, and features a seat and storage. This is the main distinction between the two types of walkers. The market's range of goods and low cost are contributing elements to the segment's development. The majority of assistance is given by non-wheeled walkers.
The North America market dominated the Global Elderly Walker Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $802.2 million by 2030. The Europe market is exhibiting a CAGR of 6.6% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 7.8% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/elderly-walker-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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