Elderly Walkers Market Size - By Product Type (Standard Walkers, Wheeled Walkers, Rollators), By Application (Orthopedic Care, Emergency Care, Geriatric Care), By Distribution Channel, By End-use, Global Forecast 2023 – 2032
Published Date: August - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationElderly Walkers Market Size - By Product Type (Standard Walkers, Wheeled Walkers, Rollators), By Application (Orthopedic Care, Emergency Care, Geriatric Care), By Distribution Channel, By End-use, Global Forecast 2023 – 2032
Elderly Walkers Market Size
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.
COVID-19 Impact
Imagine 2020 as a raging storm that wreaked havoc on businesses, especially in the industry that creates walkers for seniors. The pandemic disrupted supply chains worldwide, making it incredibly challenging to obtain necessary materials and distribute finished walkers to stores. Like a twisted wrench thrown into the system, border closures, factory shutdowns, and shipping delays caused a severe shortage of walkers. Companies were left reeling as their products dwindled. As if that wasn't enough, the economic turmoil caused by COVID-19 tightened family budgets, making it difficult for many to afford new walkers, even when they desperately needed them. However, amidst this turmoil, a silver lining emerged. As people grew hesitant to visit hospitals, home care for seniors became increasingly crucial. Walkers proved invaluable in helping elderly individuals maintain their mobility and independence within their own homes. They provided a safe and convenient way to get around, minimizing the risk of falls and accidents.
Elderly Walkers Market Trends
Short-term disabilities and medical emergencies, such as fractures, sprains, surgeries, or acute illnesses, can temporarily limit an individual's mobility and balance. During the recovery phase, walkers become crucial mobility aids that provide support, stability, and assistive features. Additionally, short-term disabilities or medical emergencies often have a temporary nature, where individuals experience mobility limitations for a limited period. In these cases, purchasing a walker becomes a practical solution compared to more permanent mobility aids or patient handling equipment such as wheelchairs. Walkers offer a cost-effective and adaptable option for individuals who require temporary support.
Moreover, medical emergencies may result in individuals requiring rehabilitation services or temporary stay in assisted living facilities. For instance, as per the data provided by the Centers for Disease Control and Prevention, around 36 million falls are recorded each year in the U.S. These facilities often provide walkers as part of their support and care services to aid in the recovery and mobility of their residents.
Elderly Walkers Market Analysis
When it comes to helping elderly folks stay mobile, there are a bunch of different walkers to pick from. There's the basic ones, those with wheels, and rollators. Rollators are pretty awesome because they have wheels on all four legs, which makes it a breeze to move around without having to lift them every step. This is a lifesaver for people who don't have a lot of strength or energy. Rollators come in all shapes and sizes, and you can customize them with extra features. You can adjust the handles to be just the right height, switch out wheels for different surfaces, add a backrest for extra support, or even attach cup holders or cane holders for convenience. All of these options make rollators great for people who need a little extra help getting around.
"Mobility aids like walkers are a lifesaver for older folks, especially after injuries or surgeries. They provide stability and help them move around more easily. This helps them strengthen their muscles and get back on their feet faster. Staying active isn't just good for their bodies, it also boosts their spirits. Walkers and rollators give them the confidence to keep moving, which is crucial for their overall health and wellbeing. And it's not just older adults who benefit. These devices also give peace of mind to caregivers. When seniors can get around on their own, they rely less on caregivers for assistance. This allows them to maintain their independence and live life on their own terms, which is invaluable for their dignity and happiness."
When it comes to walkers for older adults, there are two main ways to get themthrough online retailers or brick-and-mortar stores. Experts predict that the online market will surge, growing at a steady pace of 6.5% annually until 2032. The reason for this boom? Convenience. Ordering a walker online is a breeze that can be done from the comfort of home. No need to trudge to a store, wasting precious time and energy when mobility can be an issue. Plus, online retailers often stock a vast selection of walkers, giving customers ample choices to compare models, features, and costs. Other factors fueling the online market's growth include competitive prices, home delivery, helpful customer support, and a wealth of insightful information and reviews, making it easy for shoppers to make informed decisions.
Based on end-use, the elderly walkers market is segmented into hospitals, home care and others. The homecare segment is anticipated to witness higher progression to reach over USD 1.2 billion in 2032. Support for activities of daily living (ADLs), independence in home environment, psychological well-being, and adaptability to home environment are among the key factors that are anticipated to augment the product demand.
Homecare patients often require assistance with activities of daily living (ADLs), such as bathing, dressing, and preparing meals. Walkers and rollators can be used to support these activities by providing a stable platform for patients to lean on or as a temporary seat for resting during ADLs. Moreover, walkers and rollators are designed to be versatile and adaptable to different home environments. They can navigate through doorways, maneuver around furniture, and accommodate varying flooring surfaces such as carpets or tiles.
The North America elderly walkers market was valued at USD 556 million in 2022. North America has a well-developed healthcare infrastructure and robust insurance coverage systems, including Medicare in the U.S. and universal healthcare in Canada. The availability of insurance coverage encourages the adoption of walkers among older adults. The regional companies invests heavily in research and development within the healthcare and mobility aid industries. This focus on research and innovation fosters advancements in walker technologies, materials, and design, which, in turn, attract customers.
Elderly Walkers Market Share
Few of the leading players operating in the elderly walkers market include
- Medline Industries
- Invacare Corporation
- Briggs Healthcare
- Vive Health
- Topro USA
- Sunrise Medical
- Foshan Better Medical Technology Co.,
Elderly Walkers Industry News
- In April 2023, Medline Industries has teamed up with Martha Stewart to introduce new line of 'attractive' safety and mobility aids. This collaboration includes launch of products such as walking cane and Momentum rollator. This innovative product launch will help the company to expand their product portfolio and improve the revenue generating prospects.
- In February 2023, Journey Health & Lifestyle, a manufacturer of innovative products for seniors announced that they have acquired LifeWalker Mobility company, the manufacturer of UPWalker family of products. This acquisition will aid the company in expanding its geographical and product reach and improve its business performance.
Elderly walkers market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and volume (Units) from 2018 to 2032, for the following segments
Click here to Buy Section of this Report
By Product Type, 2018 - 2032 (USD Million & Units)
- Standard Walkers
- Wheeled Walkers
- Rollators
By Application, 2018 - 2032 (USD Million)
- Orthopedic Care
- Emergency Care
- Geriatric Care
- Others
By Distribution Channel, 2018 - 2032 (USD Million)
- Online
- Offline
By End-use, 2018 - 2032 (USD Million)
- Hospitals
- Home Care
- Others
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Poland
- Sweden
- The Netherlands
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Philippines
- Vietnam
- Latin America
- Brazil
- Mexico
- Argentina
- Columbia
- Peru
- Chile
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Israel
- Iran
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy