Walkers And Rollators Market Research, 2031
The global 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. A walker is a stable mobility aid and is available in non-wheeled and wheeled versions. Non-wheeled walkers offer stable support for people who have balance problems. Wheeled walkers offer support, but also have two front wheels which makes them a bit more maneuverable and easier to move. A rollator provides more mobile stability than a walker and is available in three or four-wheel versions. A three-wheeled rollator fits in smaller spaces can make sharp turns, and has increased maneuverability and a classic four-wheeled rollator offers stability and easy mobility. Walkers and rollators are classified as types 1, 2, and 3. All walkers are type 1, whether they have wheels or not. Type 2 rollators come with smaller 4- to 6-inch wheels and are designed for use indoors. Type 3 rollators come with larger, 8-inch wheels and offer further mobility, come with a seat, and bigger wheels.
Historical overview
The market was analyzed qualitatively and quantitatively from 2018 to 2020. Most of the growth during this period was derived from the Asia-Pacific owing to the rise in the prevalence of musculoskeletal diseases, geriatric population, sports-related injuries, and road accidents, improving health awareness, rising disposable incomes, as well as the well-established presence of key pharmaceutical device manufacturers in the region.
Market dynamics
The rise in the prevalence of sports-related injuries increases the cases of muscle and tendon disorders among the young population is one of the major factors boosting the growth of the market. For instance, according to the data published by the National SAFE KIDS Campaign and the American Academy of Pediatrics, it has been reported that more than 3.5 million children ages 14 and younger get injured annually while playing any sports or participating in recreational activities. Sports and recreational activities contribute to approximately 21% of all traumatic brain injuries among American children and Almost 50 % of head injuries sustained in sports or recreational activities occur during bicycling, skateboarding, or skating incidents. In addition, more than 775,000 children, ages 14 and younger, are treated in hospital emergency rooms for sports-related injuries each year. Most of the injuries occurred as a result of falls, being struck by an object, collisions, and overexertion during unorganized or informal sports activities.
Furthermore, the increase in the prevalence of musculoskeletal disorders such as osteoarthritis and rheumatoid arthritis among the elder population has also led to an increase in demand for better and technologically advanced walkers and rollators that boosts the Walkers and Rollators Market Growth. Moreover, the increase in the number of R&D activities in the field of walkers and rollators enhanced healthcare services, and significant investments by the government to improve healthcare infrastructure have become vital tools for small and large businesses globally. The demand for walkers and rollators is not only limited to developed countries but is also being witnessed in developing countries, owing to the rapid increase in geriatric populations of countries like China, Brazil, and India, which provide lucrative Walkers and Rollators Market Opportunity in upcoming years.
The outbreak of COVID-19 has disrupted workflows in the healthcare sector around the world. The disease has forced several industries to shut their doors temporarily, including several sub-domains of health care. The global walkers and rollators market experienced a decrease in 2020 as the pandemic significantly impacted the supply chain. The pandemic impacted the overall shipping and logistics of mobility and personal care products globally which has also resulted in the high cost of container shipping. The rising cost of supply chain and logistics has had an adverse effect on the company’s finances and liquidity. However, the market is anticipated to witness steady growth in 2021 and is anticipated to grow at a significant CAGR during the forecast period for the walkers and rollators market. This is attributed to rising rates of bone diseases, such as arthritis, an increase in the prevalence of Parkinson’s disease, and the surge in the geriatric population. These disorders require walking aids to provide assistance in mobility and stability to achieve the best results.
Segmental Overview
The walkers and rollators market is segmented on the basis of type, application, distribution channel, end-user, and region. By type, the market is divided into 3-wheel rollators, 4-wheel rollators, and others. By application, it is classified into 65 years to 85 years old, above 85 years old, and young population. By distribution channel, the market is bifurcated into online and offline. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Based on type, the Walkers and Rollators Industry is segmented into 3-wheel rollators, 4-wheel rollators, and others. The 4-wheel rollators segment has the largest market share in Walkers and Rollators Market Share in 2021 and is expected to remain dominant throughout the forecast period. 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.
by Application, it is bifurcated into 65 years to 85 years old, above 85 years old, and young population. The 65 years to 85 years old segment dominated the global market in 2021 and is anticipated to continue this trend during the forecast period. 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, it is bifurcated into online and offline. The offline segment dominated the global market in 2021 and is anticipated to continue this trend 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 Walkers and Rollators Market Size in upcoming years.
By region: The walkers and rollators market are analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for a major share of the walkers and rollators market in 2021 and is expected to maintain its dominance during the forecast period. The presence of several major players and the advancement in technology of walkers and rollator devices in the region drive the growth of the market. The walkers and rollators market are mainly driven by the presence of well-established healthcare facilities, a growing geriatric population, and the rising prevalence of sports-related injuries and chronic disorders. Moreover, an increase in the prevalence of arthritis and musculoskeletal disorders is contributing to the market growth in the region. Furthermore, increasing investment by pharmaceutical companies in R&D activities to design technologically advanced medical devices through innovative research is expected to fuel the market growth in this region.
Asia-Pacific is expected to grow at the highest rate during the forecast period. The market growth in this region is attributable to the presence of pharmaceutical medical device manufacturers in the region as well as the rise in the geriatric population of the countries, such as China and India. Moreover, the rise in the prevalence of arthritis which decreases the mobility and stability of a person to walk properly and an increase in the number of road accidents are the major factors driving the growth of the market. Furthermore, the Asia-Pacific region exhibits the largest supply of medical devices and the largest pharmaceutical industry with the availability of technologically advanced medical devices in abundance, which can be easily accessed by consumers. This, in turn, drives the growth of the market. Asia-Pacific offers profitable opportunities for key players operating in the walkers and rollators market, thereby registering the fastest growth rate during the forecast period, owing to the growing infrastructure of industries, rising disposable incomes, as well as the well-established presence of domestic companies in the region. In addition, increased technological innovations and heavy funding by government and private organizations, and increased investment by companies in R&D activities are expected to provide great opportunities for the growth of the market in this region.
COMPETITION ANALYSIS
Competitive analysis and profiles of the major players in the Rolling Walker Market, such as 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 are provided in this report.
- Example of new product launch in the market In July, 2022 Invacare Corporation introduces its next generation e-fix eco power assist wheelchair to enhance the mobility.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the walkers and rollators market analysis from 2021 to 2031 to identify the prevailing walkers and rollators market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the walkers and rollators market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global walkers and rollators market trends, key players, market segments, application areas, and market growth strategies.
Walkers and Rollators Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 2.9 billion |
 Growth Rate | CAGR of 5.7% |
 Forecast period | 2021 - 2031 |
 Report Pages | 241 |
 By Type |
|
 By Application |
|
 By Distribution Channel |
|
 By Region |
|
 Key Market Players | Benmor Medical, Eurovema AB, Invacare Corporation, Karman Healthcare, Inc., Evolution Technologies, Drive DeVilbiss Healthcare, Human Care HC AB, Compass Health Brands, Briggs Healthcare, GF Health Products, Inc. |
Analyst Review
This section provides various opinions of top-level CXOs in the walkers and rollators market. According to several interviews conducted, the walkers and rollators market is expected to witness significant growth in the future, owing to an increase in the adoption of advanced mobility products, rise in the number of muscle and tendon injuries, a surge in the number of arthritis and Parkinson’s diseases, and a rise in the number of geriatric populations.
According to the perspectives of CXOs, the walkers and rollators market is expected to witness steady growth in the future. The increasing ailments and chronic diseases among the population have also led to the increase in demand for better and more advanced technologies such as product offerings including lightweight clinical rollators and rollators with comfortable sitting options is anticipated to fuel the market growth. The surge in investments in R&D by pharmaceutical companies, the growing healthcare expenditure, and the increase in adoption of advanced mobility products owing to medical cases, old age, or any temporary or permanent disability are the key factors driving the growth of the market. However, the high cost associated with advanced technologies hampers the growth of the market up to some extent over the forecast period.
As per CXOs, North America is expected to dominate the global walkers and rollators market during the forecast period, followed by Europe. In addition, emerging economies such as India, China, Mexico, and Brazil are expected to offer lucrative opportunities owing to the lack of medical facilities and supplies in these countries leading to the development of chronic ailments such as arthritis which require walkers and rollators for better mobility alternatives.
The upcoming trends of the walkers and rollators market are increase in the number of sports-related injuries. Moreover, rising rates of bone diseases, such as arthritis, an increase in the prevalence of Parkinson’s disease, and the surge in the geriatric population are the major factors driving the growth of the market.
North America is the largest regional market for Walkers and Rollators
$2,918.93 million is the estimated industry size of Walkers and Rollators.
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 are the top companies to hold the market share in Walkers and Rollators.
Yes, Walkers and Rollatorsmarket companies are profiled in the report
The base year for the report is 2021
No, there is a value chain analysis provided in the Walkers and Rollatorsmarket report
The forecast period in the report is from 2022 to 2031
Loading Table Of Content...
