Home > Healthcare > Medical Devices > Rehabilitation and Assistive Devices > Elderly Walkers Market
Elderly Walkers Market size was valued at around USD 1.5 billion in 2022 and it is anticipated to reach over USD 2.7 billion by 2032 due to several factors that contribute to increased demand for mobility aids among older adults.
Product innovation and customization, technological advancements, rising awareness of fall prevention, and growing aging population are among the primary factors fueling the market growth. Manufacturers in the mobility aid industry continue to innovate and introduce new walker models with improved features and functionality. Customization options, such as personalized designs and accessories, cater to individual needs and preferences.
Many older adults aim to maintain an active lifestyle and independence as they age. Walkers allow them to continue walking and engaging in daily activities with reduced risk of falls or injuries. The emphasis on active aging and independent living has increased the adoption of walkers. Further, technological advancements in walkers including features such as ergonomic designs, lightweight materials, adjustable heights, and added accessories have enhanced the usability and comfort of walkers, attracting more users.
Report Attribute | Details |
---|---|
Base Year: | 2022 |
Elderly Walkers Market Size in 2022: | USD 1.5 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 6% |
2032 Value Projection: | USD 2.7 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 593 |
Segments covered: | Product Type, Application, Distribution Channel, End-use and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
Inadequate infrastructure, such as uneven sidewalks, lack of ramps or elevators, and inaccessible public spaces, can limit the usability and effectiveness of walkers. These mobility barriers can discourage older adults from using walkers outside their homes, and may result in accident or falls. Moreover, the cost of walkers can be a significant barrier for individuals, especially from under-developed or developing countries or without adequate insurance coverage.