Walkers and Rollators Market Expected to Reach $2,918.93 by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Walkers and Rollators Market," The Walkers and Rollators Market Size was valued at  $1,662.57 million in 2021 and is estimated to reach $2,918.93 million by 2031, exhibiting a CAGR of 5.7% from 2022 to 2031. 

Walkers have lightweight metal frames constructed of aluminum. Walkers can be adjusted to fit the user's height. Many may be folded for simple storage. They work best for short distances or when stability is the primary need. This kind of walker will be most helpful to those who frequently fall forward. The front two legs of two-wheel walkers have casters, and the back legs have rubber tips. The walker's rubber tip legs keep it from rolling when the user is moving and putting weight on it. Rollators are frames that come with hand-operated brakes that can be engaged by the user. The front wheel(s) swivel, making it easier to turn. The wheels are typically larger than a standard two-wheel walker, so it is more convenient to use outdoors and over rough or uneven terrain. It can be three-wheel, four-wheel, or heavy-duty.  

The key Walkers and Rollators Market Trends are the rise in the incidence of chronic muscular and tendon disorders, such as the pelvis, femur, and spine fractures that hamper the physical movement or walking of an individual, along with sports-related injuries. For instance, according to the report published by World Health Organization on December 2022, it has been estimated that 1.3 billion people or 1 in 6 people worldwide experience significant disability and persons with disabilities die up to 20 years earlier than those without disabilities.

In addition, persons with disabilities find inaccessible and unaffordable transportation 15 times more difficult than for those without disabilities. Moreover, the increase in the geriatric population and the increasing ailments and chronic diseases such as Parkinson’s and arthritis among the population have also led to an increase in demand for technologically advanced walkers and rollators. Furthermore, the surge in investments in R&D activities by pharmaceutical companies for the development of technologically advanced medical devices boosts the Walkers and Rollators Market Growth.  

However, the high cost associated with these medical devices is the major barrier to the growth of the market. Emerging economies such as India, China, Mexico, and Brazil are anticipated to create new opportunities during the forecast period owing to the rising geriatric population, rapid increase in the number of chronic diseases, and lack of healthcare facilities in underdeveloped and developing nations.  

On the basis of type, the walkers and rollators market is segmented into 3-wheel rollators, 4-wheel rollators, and others. In 2021, the 4-wheel rollators segment accounted for the largest share of the market. The dominance of this segment can be attributed to the advantages offered by 4-wheel rollators such as they provide more support and stability than three-wheel rollators. 4-wheel rollators can accommodate a wider range of heights and higher weight capacities than 3-wheel rollators.  

On the basis of application, it is segmented into 65 years to 85 years old, above 85 years old and young population. In 2021, the 65 years t0 85 years old segment accounted for the largest share of the market. The dominance of this segment can be attributed to the fact that the elderly population is highly prone to falling. These falls can result in hip, pelvis, femur, and spine fractures thereby hampering the physical movement or walking of an individual.  

By distribution channel the Walkers and Rollators Industry is segmented into online and offline, the offline segment exhibited the highest growth in 2021, and is anticipated to lead during the forecast period, owing to the increase in the number of unauthorized or unlicensed pharmacies and online outlets has a few drawbacks, such as the fact that purchasing devices or walking aids from these stores increases the chances of purchasing counterfeit or substandard products are the key factors that drive the growth of the market in upcoming years.   

North America accounted for a majority of the walkers and rollators market share in 2021 and is anticipated to remain dominant during the forecast period. Owing to the high adoption rate of technologically advanced medical devices, increase in healthcare expenditure, and presence of major key players in the country and the strategies they adopt for the development of walkers and rollators to provide walking aids for the person with arthritis or other chronic muscular and tendon disorders, and with sports injuries.  

Asia-Pacific is expected to register the fastest CAGR during the forecast period. The market growth in the Asia-Pacific region is supplemented by highly populated countries along with a high prevalence of road accidents and osteoarthritis. In addition, the increasing number of sports tournaments, increases the rate of sports-related injuries, that surge the demand for walkers and rollators which provide lucrative opportunities for market growth.  

The key players that operate in the Walkers and rollators market are Evolution Technologies, Benmor Medical, Briggs Healthcare, Invacare Corporation, Eurovema AB, Karman Healthcare Inc, GF Health Products Inc, Drive DeVilbiss Healthcare, Compass Health Brands, and Human Care HC AB. 

Key findings of the study

• By type, the 4-wheel rollators segment was the highest contributor to the market in 2021. 
• By application, the 65 years to 85 years old segment was the highest contributor to the market in 2021. 
• By distribution channel, the offline segment dominated the Rolling Walker Market in 2021 and is expected to continue this trend during the forecast period. 
• By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.