The global Assisted Walking Device Market is expected to reach over USD 2.0 billion by 2024 according to a new report by Grand View Research, Inc. The high market growth is anticipated onaccount of the steep rise in the geriatric population, high prevalence of chronic conditions, such as arthritis, Parkinson’s disease, conversion disorder, tendonitis, and the surging demand for rehabilitation equipment succeeding surgeries.
Furthermore, apart from the initiatives commenced by the government and private institutions to encourage the use of these assistive walking aids to mobilize the physically-challenged, the technology-oriented innovationsare transforming the current assisted devices,which are expected toserve as catalystsfor the market growthover the forecast period.
According to the estimates published by the WHO, the elderly population will rise from 900 million to 2.0 billion between 2015 and 2050.The demand for the walking devices is rising amongst thegeriatric population due mainlyto benefits, such as the provision of support, balance, and the subsequent ability to live independently. Moreover, the demand for the rehabilitation equipment is rising as a consequence of thesignificant role they play in bettering the lives of the physically-challenged.
With the aging population on the rise, the global incidences of arthritis are also escalating in accordance. The estimate stated by the centers of disease control and prevention indicatesthat by 2040, 78 million people will be suffering from arthritis in the U.S.There are over 232 million surgeries performed per year, whichreflects the high demand for the assistive walking devices as a part of the post-surgery rehabilitation programs.
The key players are actively participating in the development of novel walking devices that will create a considerable impact on the quality and durability of the devices thereby influencing market growth.The government organizations and private institutions implement various laws and policies for theassisted devices commercially available to the physicallydisabled people in order to increase their accessibility. Varied government-led programs are specifically directed toward financially assisting individuals in purchasing mobility aids in several countries, such as India, Canada, and Australia.
Browse full research report on Global Assisted Walking Device Market: http://www.grandviewresearch.com/industry-analysis/assisted-walking-device-market
Further key findings from the study suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the Assisted Walking Device Market by product and region:
Assisted Walking Device Market, by product (USD Million, 2016 - 2024)
Assisted Walking Device Market Regional Outlook, by Revenue (USD Million, 2016 - 2024)
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-assisted-walking-device-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Corporate Sales Specialist, USA
Grand View Research, Inc
All rights reserved• This document may not be used, copied nor changed without explicit consent of the author.