Walking Assist Devices Market Size, Share, Growth, Trends, and Forecast 2032

Walking Assist Devices Market: Industry Perspective

The global Walking Assist Devices market size accrued earnings worth approximately USD 3,986.9 Million in 2023 and is predicted to gain revenue of about USD 7,061.8 Million by 2032, is set to record a CAGR of nearly 6.68% over the period from 2024 to 2032.

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Global Walking Assist Devices Market: Overview

The assistive technology comprises rehabilitative, assistive, and adaptive devices for people with disabilities. This technology provides them to complete a task independently that they are unable to accomplish or have great difficulty to do a task. This technology enhances the processor and changes methods to deal with it. Walking assist devices are robotic devices used for walking under the guidance of doctors and therapists.

Global Walking Assist Devices Market: Growth Factors

Rapid technological advancement in healthcare is boosting the market growth of the walking assist device market. Moreover, increasing government initiatives to ensure the availability of walking assist devices to the aging population in order to meet the demand is expected to fuel the global walking assist devices market. In addition to, the growing need for walking assist devices owing to increasing incidences of debilitating neurological diseases & injuries among patients.

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However, the increasing prevalence of neurological diseases is anticipated to boost the global market in the future. Conversely, the high cost associated with walking assist devices and some issues related to walking assist devices may hinder the global walking assist devices market growth.

Furthermore, technology-oriented developments are transforming the current assisted devices, which are expected to serve as catalysts for market growth over the forecast period.

Walking Assist Devices Market: Report Scope

Global Walking Assist Devices Market: Segmentation

The global walking assist devices market is segregated based on product and distribution channels.

The product segment is categorized as power scooters, crutches, gaits belts & lift vests, wheelchairs, walkers, and canes.

Of these, the wheelchairs segment is the leading segment among others, which contributed to the largest market share. 

The distribution channel is categorized into online and offline channels.

Global Walking Assist Devices Market: Regional Analysis

North America holds the largest market share in the global walking assist devices market owing to increased technological advancement and growth in the aging population.

In addition, augmenting growth in leasing product activities and exhausting neurological diseases & injuries in this region may lead to an increased usage of walking assist devices.

In addition, increasing reimbursement and financial assistance from the government and other financial bodies are also anticipated to propel growth in the global walking assist devices market.

Europe is growing at a significant rate in the global market, whereas the Asia Pacific may show considerable growth in the coming years.

Global Walking Assist Devices Market: Competitive Players

Some of the major players known for their products, services, and constant developments in the

• Walking Assist Devices market are Invacare Corporation
• Better life healthcare Ltd.
• Ossenberg GmbH
• Aetna Inc.
• GF Health Products Inc.
• Pride Mobility Products Corp.
• Otto Bock
• Honda Motor Co. Ltd.
• Karma Healthcare Ltd.
• Besco Medical Co. LTD.
• Sunrise Medical (US) LLC
• C.T.M. Homecare Product Inc.
• and Permobil Inc. among others.

Walking Assist Devices Market Segments:

By Product Type

• Gait Belts & Lift Vests
• Canes
• Crutches
• Walker
• Wheelchairs
• and Power Scooters

By Distribution Channel

• Online
• Offline

Global Walking Assist Devices Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa