Walking Aids Industry Strengths And Weaknesses Of The Key Vendors
Posted by NickyArora on March 13th, 2020
The global walking aids market size is expected to reach USD 3.7 billion by 2026 at a CAGR of 6.8%, according to a new report by Grand View Research, Inc.The market is expected to witness significant growth during the forecast period owing to the increasing disability rates caused due to rising incidence of malnutrition and infectious, non-infectious, & congenital diseases; growing prevalence of diabetes; and increasing geriatric population & number of accidents/traumas.
The introduction of devices with new features such as rollators with the attached laser for Parkinson’s patients is anticipated to propel market growth over the forecast period. The rise in disposable income coupled with an increase in awareness in developed countries is anticipated to further boost market demand.
High prevalence of osteoporosis & arthritis and increasing awareness & adoption of canes, crutches, & walkers are expected to drive market growth during the forecast period. Moreover, factors such as technological advancements, an increasing number of initiatives & funding by governments & international organizations, and a rising number of post-surgery rehabilitation programs are likely to contribute to market growth.
In addition, the demand for better quality, more efficient, sustainable, and cost-efficient walking aids is rising owing to the increasing number of disabled individuals participating in the workforce. Therefore, urging the need for advanced and cost-effective walking aids. However, lack of reimbursement and the availability of a wide range of refurbished products in the market is restraining the market growth.
Access Sample Copy Here https://www.grandviewresearch.com/industry-analysis/walking-aids-market/request/rs1
Further Key Findings from the Report Suggest:
Market players include Evolution Technologies, HUMAN CARE, Benmor Medical, Briggs Healthcare, Carex Health Brands, TOPRO, and Eurovema AB are some of the prominent players operating in the market for rollators.Also See: Walking Aids, Market Growth, Forecast Period, Aids Market, Market, Walking, Increasing
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