The Global Elderly Walker Market size is expected to reach $2.3 billion by 2030, rising at a market growth of 7.0% CAGR during the forecast period

Knee walkers are purchased more often as it is required for old people more. Hence, Knee Walkers generated $358.1 million revenue in the market in 2022. The WHO projects that by 2030, 1 in 6 individuals worldwide would be 60 or older.

New York, July 31, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Elderly Walker Market Size, Share & Industry Trends Analysis Report By End-use, By Type, By Regional Outlook and Forecast, 2023 - 2030" - https://www.reportlinker.com/p06481269/?utm_source=GNW From 1 billion in 2020, there will be 1.4 billion persons over the age of 60 by this time. By 2050, there will be 2.1 billion people in the globe who are 60 or older, a doubling of the current population. Between 2020 and 2050, the number of people 80 or older is projected to treble, reaching 426 million. Eighty percent of senior citizens will reside in low- and middle-income nations by 2050.Elderly adults often suffer from conditions including hearing loss, refractive errors, cataracts, back and neck discomfort, osteoarthritis, depression, chronic obstructive pulmonary disease, diabetes, and dementia. People are more prone to have many ailments at once as they become older. It is anticipated that the growing older population and such attempts to address the issue would increase healthcare spending and investment, supporting the availability of items like elderly walkers. Therefore, the growing elderly population may be fueling market expansion. Some of the factors impacting the market are increasing rates of falls and fractures among the elderly, global increase in arthritis cases, and the stigma associated with using walkers.Fractures are often the most frequent major injury brought on by falls in older people. In this age range, falls, osteoporosis, and other variables that make people more prone to injury combine to cause fractures of the hip, wrist, humerus, and pelvis. The market is expected to expand as a consequence of the increase in falls and fractures among the older population. The market is anticipated to be impacted by an increase in the incidence of arthritis and gait abnormalities, as well as an increase in the demand for assistive technologies among persons who are visually impaired and an increase in the use of improved mobility devices.However, one of the reasons some older people opt not to utilize assistive technology like walkers is the stigma of having a "devalued identity" as a consequence of utilizing it. An older person who is thinking about using assistive technology, such walkers, must deal with the potential for stigma from those who could see the walker as a sign of their late age and impairment. Thus, the stigma associated with using walkers might constitute a barrier to the market’s expansion for older walkers. During the COVID-19 pandemic, hospitals focused their attention on treating COVID-19 patients and shunned other patients. Because of this, fewer individuals are receiving treatment for other illnesses including Parkinson’s disease and arthritis. As a consequence, fewer elderly walkers are being sold. These factors adversely affected market expansion during the pandemic era.Type OutlookBased on type, the market is segmented into rollators, knee walkers, and standard walkers. In 2022, the rollators segment registered the largest revenue share in the market. Its use during the anticipated term is made easier by the rollators wheel’s capacity to reduce the need for raising the apparatus and provide directional control. The incidence of osteoporosis and arthritis is also rising, as is awareness of assistive mobility aids and the growing use of technologically improved rollators, all of which contribute to the market’s expansion.End-Use OutlookOn the basis of end-use, the market is divided into hospitals, home care, and others. In 2022, the homecare segment garnered a substantial revenue share in the market. This is because older patients receiving home care are using walkers more often. It offers a less expensive method for people to get remote healthcare services. Additionally, a growing emphasis on in-home care settings for older patients and an increase in knowledge of ways to improve the comfort of the elderly in particular, both contribute to the market’s development.Regional OutlookRegion wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The North America region led the market by generating the highest revenue share in 2022. This is because there are many elderly people living in this area. The market in this area is primarily driven by the availability of cutting-edge healthcare facilities and well-developed reimbursement systems. Additionally, it is projected that the high incidence of target illnesses in this area, such as Parkinson’s disease, arthritis, and other chronic impairments, would accelerate market expansion there throughout the course of the projection period.The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Invacare Corporation, Drive DeVilbiss Healthcare (Medical Depot, Inc.), Compass Health Brands Corporation (Carex Health Brands), Medline Industries, Inc., Briggs Healthcare Corporation, Topro Industrie AS, GF Health Products, Inc., Nova Medical Products, Kaye Products, Inc. and Just Walkers.Scope of the StudyMarket Segments covered in the Report:By End Use• Hospitals• Home Care• OthersBy Type• Rollators• Knee Walkers• Standard WalkersBy Geography• North Americao USo Canadao Mexicoo Rest of North America• Europeo Germanyo UKo Franceo Russiao Spaino Italyo Rest of Europe• Asia Pacifico Chinao Japano Indiao South Koreao Singaporeo Malaysiao Rest of Asia Pacific• LAMEAo Brazilo Argentinao UAEo Saudi Arabiao South Africao Nigeriao Rest of LAMEACompanies Profiled• Invacare Corporation• Drive DeVilbiss Healthcare (Medical Depot, Inc.)• Compass Health Brands Corporation (Carex Health Brands)• Medline Industries, Inc.• Briggs Healthcare Corporation• Topro Industrie AS• GF Health Products, Inc.• Nova Medical Products• Kaye Products, Inc.• Just WalkersUnique Offerings • Exhaustive coverage• Highest number of market tables and figures• Subscription based model available• Guaranteed best price• Assured post sales research support with 10% customization freeRead the full report: https://www.reportlinker.com/p06481269/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. 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