Walking Assist Device Market – Analysis And Forecast (2017-2025): Market Shares And Strategies Of Key Players
Key Players In Walking Assist Device Market Includes: Honda Motor Co., Ltd., Permobil Inc., GF Health Products, Inc., Invacare Corporation, T.M. Homecare Product, Ossenberg GmbH, Pride Mobility Products Corp., Aetna Inc., Sunrise Medical (US) LLC.
Walking assist device are designed for people suffering from leg injury, also for the people who are unable to walk by their own due to weak leg muscles. These devices are also used by people who face problem of body balance during walking due to nervous system disease such as Parkinson’s disease and Alzheimer disease. The basic design of walker consist of light body weight and they are available with four wheels and two wheels design which provides comfort to the user during walking.
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There are various types of walker systems available in market as per the need of user such as canes, baby walkers, crutches, standard walkers. The cane type of walker is a handheld walking stick that provides physical support to the user when walking. Crutches have a soft bar at its top, which is placed under the armpit. This type of walker is mainly used by people who have lost one leg. Various types of crutches available in market include axillary crutch, forearm crutch, platform crutch, stutter crutch, leg support crutches having different weight capacity and size and are also used by kids to learn walking.
Increasing aging population, disabilities and injuries around the globe expected to favor the demand for walking assist devices market in the near future
North America and Europe account for major share in the global walking assist devices market. The near future is expected to witness Asia Pacific taking the pole position, due to continuous rise in aging population and rate of disabilities around the globe.
As per United Nations Population Fund, people aged 60 years and above accounted for 12.3% of the global population in 2015, which is expected to increase to 22% by 2050, accounting for 2 billion people. This creates a highly lucrative growth opportunity for growth of the market.
The another factor which cause to body imbalance is arthritis disease, as per Centers of Disease Control and Prevention (CDC) by 2040, 78 million people will suffer from arthritis in the U.S.
According to National Rehabilitation Information Center in 2015, 12.6% people out of total population were living with some form of disability in the U.S. Furthermore, around 51% out of total disabilities is occur in the people having age between 18 to 64 years.
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Also, as per Centers for Disease Control and Prevention (CDC), in 2015, around 18.2 million adults were unable to walk due to difficulties in physical functioning and it is expected that the number will grow year on year as the rate of disease such as nervous system disease and rate of road accidents in increasing year on year.
The demand for walking assisted devices is expected from developed as well as from emerging countries due to increase in rate of aging population among these region. Also, these devices are available at low cost and rise in high disposable income leading to increase in the demand for walking assist devices.
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