Elderly Walker Market Size, Share & Trends Analysis Report By Type (Standard Walkers, Knee Walkers, Rollators), By End-use (Hospitals, Home Care), By Region, And Segment Forecasts, 2023 - 2030

Report Overview

The globalelderly walker market sizewas valued atUSD 1.4 billion in 2022and is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2023 to 2030. The increase in the geriatric population coupled with the rise in the prevalence of Parkinson’s & arthritis disease, the surge in the number of accidents, and the rise in the number of surgical procedures are expected to fuel the market growth. In addition, a favorable reimbursement framework, regulatory policies, and initiatives undertaken by government and private organizations to encourage the use of elderly walkers are also estimated to boost the market’s growth during the forecast period. The COVID-19 pandemic initially negatively impacted the demand for the product. The supply chain was highly disrupted due to the pandemic.

The COVID-19 epidemic impacted the overall logistics and shipping of elderly walkers and rollator products across the globe which has resulted in the high cost of container shipment. However, the implementation of proactive steps and favorable policies has created better opportunities for market players owing to the ease in distribution systems due to revised COVID-19 restrictions in different regions.

Government policies such as favorable reimbursement policies, for instance, the Medicare reimbursement program for purchased & rented devices are expected to boost the market for elderly walkers. The walkers are covered under Medicare insurance Part B. The companies are also adopting numerous strategic initiatives such as a change in distribution footprints to minimize the transit time and freight charges. For instance, the net sales of Invacare Corporation surged by 2.6% from 2020 to 2021 due to the cost improvement strategy in supply-chain and global IT modernization initiatives, which optimized the operation structure of the company.

The rise in the prevalence of diseases such as arthritis is expected to propel the usage rates of elderly walkers during the forecast period. The increase in the number of surgical procedures in elderly patients creates a high demand for walkers as they are employed in rehabilitation programs to gradually restore body balance and promote muscle functioning in sedentary, handicapped individuals.

Various countries such as the U.S., and the U.K. provide special grants to physically-handicapped patients to purchase these devices. Independent organizations including Advice Lines (DIAL) network, Disablement Information, Charity search, and Shop Mobility are actively engaged in offering varied services for the physically disabled seeking solutions.

The Indian government has initiated the Scheme of Assistance to Disabled Persons to help in procuring sophisticated, durable and modern, scientifically manufactured, standard aids and medical devices to promote social, psychological, and physical rehabilitation of people with disabilities. Moreover, this provision is expected to assist in enhancing the economic potential for purchasing mobility devices. Assistive mobility devices are given to public work departments to promote independent living and to reduce the extent of disability. Technological advancements in elderly walker products are among the most important drivers for the market.

Type Insights

基于类型,市场分为站ard walkers, knee walkers, and rollators, and among these, the rollators segment held the major share of 54.9% of the market revenues in 2022. The ability of the rollators wheel to minimize the requirement for lifting the device and allow directional control is facilitating its usage over the forecasted period. In addition, the rise in prevalence of osteoporosis & arthritis, increasing awareness towards assistive mobility devices, and increasing adoption of technologically advanced rollators further boost the growth of the market. For instance, the addition of advanced features to rollators, such as sensor technology and digital software, rollators with brakes that allows the person to control the rollator with a one-hand brake is supporting advancements in the product.

The manufacturers of rollators are attempting to promote their products on several portals and websites to reach a wide range of people globally. Thus, the growth of thee-commerceindustry has enhanced opportunities for rollators manufacturers, and providers. It is expected to boost the growth of the market during the forecast period.

End-use Insights

Based on end-use, the market has been classified into hospitals, home care, and others. The hospital segment is expected to dominate the market due to the high volume of elderly patients owing to the rise in chronic diseases globally and surged financing and services capabilities of these healthcare settings. In addition, the increase in the number of patient admissions in hospitals and the rise in demand for walkers in post-surgical procedures further drive the growth of the market.

Home care is anticipated to witness the highest CAGR of 7.3% over the forecast period, owing to an increase in the use of walkers by elderly patients in home care settings. It provides a cost-saving approach for patients to get remote healthcare services. Moreover, a rise in focus on home care settings for taking care of elderly patients and an increase in awareness toward elevating the comfort of the elderly specifically, further boost the market growth.

Regional Insights

北美占据的市场份额35.6% in 2022, due to the presence of a large geriatric population in this region. The presence of well-developed reimbursement policies and advanced healthcare facilities are major factors driving the market in this region. Moreover, the high prevalence of target diseases, such as Parkinson’s disease, arthritis, and other chronic disabilities in this region is anticipated boost the market growth during the forecast period in the region. In addition, the availability of walkers and rollator walkers at subsidized rates for disabled patients is estimated to propel the elderly walkers industry during the forecast period.

Asia Pacific is estimated to grow at the fastest rate during the forecast period due to the increasing investment in healthcare infrastructure in recent years, particularly in emerging economies such as China and India. This investment has led to the development of advanced healthcare facilities and a growing demand for innovative medical devices and technologies, including elderly walkers.

Key Companies & Market Share Insights

Market players are introducing advanced products at affordable prices to increase their market share. Key players are implementing strategic initiatives, such as mergers, acquisitions, and collaborations, to maximize their market dominance. For instance, in June 2021, Rollz International launched a new Rollz Flex 2 rollator which provides better comfort, stability, and design to the user. This rollator is among the most innovative creation of the company. Some prominent players in the global elderly walker market include:

• Invacare Corporation

• Drive Medical

• Carex Health Brands

• Medline Industries

• Briggs Healthcare

• Topro USA

• GF Health Products, Inc

• Kaye Products, Inc

• Nova Medical Products

• Just Walkers

Elderly Walker Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 1.5 billion
Revenue forecast in 2030	USD 2.4 billion
Growth rate	CAGR of 6.9% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030
Quantitative units	Revenue in USD million/billion, and CAGR from 2023 to 2030
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, trends
年代egments covered	Type, end-use, region
Regional scope	North America; Europe; Asia Pacific; Latin America; MEA
Country scope	美国; Canada; Germany; UK; France; Italy; Spain; Denmark; Sweden; Norway; China; Japan; India; South Korea; Australia; Thailand; Brazil; Mexico, Argentina; South Africa; Saudi Arabia; UAE; Kuwait
Key companies profiled	Invacare Corporation; Drive Medical; Carex Health Brands; Medline Industries; Topro USA; Briggs Healthcare; GF Health Products, Inc; Kaye Products, Inc; Nova Medical Products; Just Walkers
Customization scope	Free report customization (equivalent to up to 8 analysts’ working days) with purchase. Addition or alteration to Country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Global Elderly Walker Market Report Segmentation

This report forecasts revenue growth and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For the purpose of this report, Grand View Research has segmented the global elderly walker market report based on type, end-use, and region.

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • 年代tandard Walkers

  • Knee Walkers

  • Rollators

• End-Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Home Care

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • 美国

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • 年代pain

    • Denmark

    • 瑞典

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • 年代outh Korea

    • Australia

    • Thailand

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • 年代outh Africa

    • 年代audi Arabia

    • UAE

    • Kuwait