Medical Walker Market: Global Industry Analysis and Forecast (2023-2029)

Global Medical Walker Market size was valued at US$ 485.03 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 5% through 2023 to 2029, reaching nearly US$ 682.49 Mn.
Medical Walker Market Overview:
The most common use of a walker is for those recovering from leg or back injuries. The device is also commonly used by patients with difficulties walking or with mild balance issues. Walkers increase the patient's base of support and support the patient's weight, which improves stability and facilitates improved mobility in patients with lower extremity weakness or poor balance. Walkers demand more attention than canes and make stair climbing challenging. Basic Walker and Wheeled Walker are the two types of the medical walker.To know about the Research Methodology :- Request Free Sample Report

Though market forecasting through 2029 is based on real output, demand and supply of 2022, 2022 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2029 is done based on past data from 2018 to 2022 with the impact of global lock down on the market in 2020 and 2021.
Medical Walker Market Dynamics:
Globally, the geriatric population continues to grow, which has led to a significant rise in the demand for medical walkers. Because of this, geriatric people are the main users of medical walkers. A study revealed that the population of people 65 years old is expected to increase by 16% by 2050. Medical walkers are expected to continue to be lucrative during the forecast period.

Medical walkers are used for geriatrics, persons with walking problems, injured people, and others who are having difficulty walking. They are also utilised for medical emergencies. To meet the different demands of consumers, top companies in the global medical walkers market rely on technological innovations. These organizations are concentrating on patient treatment that is customized to the individual. They are developing various walkers for patients with walking disabilities, persons with rheumatoid arthritis, and people who are obese. Roma Medical's coloured paediatric, for example, is primarily focused on the paediatric demographic.

The global medical walkers market is expected to benefit from technology advancements in the design of medical walkers. Manufacturers of medical walkers offer a wide range of functionalities, such as laser attachments, lighter frames, extra weight bearing capacities and oxygen tank bearing capacities, to satisfy the needs of diverse customers.
Medical Walker Market Segment Analysis:
Based on the Product, the market is segmented into Basic Walker, and Wheeled Walker. Basic Walker segment is expected to hold the largest market share of xx% by 2029. This is due to factors such as cheap cost and the diversity of items available in this market. The most support is provided by non-wheeled walkers. To move forward with a walker that does not have wheels, you must lift it. If it isn't lifted, it will become trapped on uneven surfaces like thresholds or high pile carpet. Front-wheel walkers are more prepared to handle uneven surfaces. These are the factors that are expected to boost the growth of the basic walker segment in the medical walker market during the forecast period 2023-2029.

Based on the Application, the market is segmented into Household and Hospital. Household and Hospital segments are expected to grow rapidly at a CAGR of xx% and xx% during the forecast period 2023-2029. This is due to the increasing demand of medical walker in the hospitals and household as medical walker provides many advantages. You will be able to walk longer distances and for longer periods of time because walkers lessen weight bearing. They assist you in remaining active and mobile. The Ability to Take a Break When Needed: At some time, we all get exhausted.

Individuals who want assistance walking or moving around but do not want to compromise their independence would benefit from hospital walkers. Wheeled Walkers allow the user to move around while rolling the walker across the floor. When using a standard walker, the user must lift the walker forward after each step.
Regional Insights:
North America region is expected to dominate the Medical Walker market during the forecast period 2023-2029. North America region is expected to hold the largest market share of xx% by 2029. There are many geriatrics living in the North America region and there are well-developed healthcare facilities in the region. In addition to this, other factors such as well-established medical infrastructure and reimbursement policies are expected to contribute to the growth of the market for medical walkers in this region.

Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This is due to factors such as enhanced medical infrastructure, the presence of a large target population with significant unmet requirements, the application of minimally invasive treatments, and an increase in disposable resources, patient awareness has increased. During the forecast period, growing countries such as Japan, China, Brazil, India, Indonesia, and South Korea are expected to see rapid growth in demand for Medical Walkers.

The objective of the report is to present a comprehensive analysis of the Global Medical Walker Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Medical Walker Market dynamic, structure by analyzing the market segments and project the Global Medical Walker Market size. Clear representation of competitive analysis of key players by Product Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Medical Walker Market make the report investor’s guide.
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Global Medical Walker Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 485.03 Mn.


Forecast Period 2023 to 2029 CAGR:
5%
Market Size in 2029:
US $ 682.49 Mn.


 Segments Covered:
by Product
Basic Walker
Wheeled Walker


by Application
Household
Hospital


by Material Used
Stainless Steel
Aluminum Alloy
Others



Medical Walker Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Medical Walker Market Key Players
1. Invacare
2. Carex Health Brands
3. Drive DeVilbiss Healthcare
4. FORTA
5. Roma Medical
6. The Medical Store Inc.
7. Dasco Home Medical Equipment
8. Ovation Medical
9. Surgi-care Inc.
10. Alpine Home Medical Equipment
11. Kohll’s Pharmacy and Homecare
12. Graham Field Health Products
13. Nova Medical Products
14. Vive Health
15. Vaunn Medical
16. Able Life
17. Healthline Trading

Frequently Asked Questions:

1] What segments are covered in Medical Walker Market report?
Ans. The segments covered in market report are based on Product, Application, and Material Used.

2] Which region is expected to hold the highest share in the Medical Walker Market?
Ans. North America is expected to hold the highest share in the market.

3] Who are the top key players in the Medical Walker Market?
Ans. Invacare, Carex Health Brands, Drive DeVilbiss Healthcare, FORTA, and Roma Medical are the top key players in the Medical Walker Market.

4] Which segment holds the largest market share in the Medical Walker market by 2029?
Ans. Basic Walker segment hold the largest market share in the market by 2029.

5] What is the market size of the Medical Walker market by 2029?
Ans. The market size of the market is expected to reach US $682.49 Mn. by 2029.

6] What was the market size of the Medical Walker market in 2022?
Ans. The market size of the market was worth US $485.03 Mn. in 2022.