According to FutureWise analysis the market for Walking Aids in 2023 is US$ 2.53 billion, and is expected to reach US$ 4.46 billion by 2031 at a CAGR of 7.30%.
In the forecast period of 2023 to 2031:, the rising frequency of traffic accidents would boost demand for walking aids. Furthermore, market growth will be fueled by a growing senior population, a favourable reimbursement framework, people's disposable income rising, and the prevalence of osteoporosis rising. The walking aids market, on the other hand, is constrained by high product pricing and low acceptability due to societal stigma. Furthermore, during the forecast period, increased technology advancements and an increase in the global obese population would provide immense potential for the walking aids market. According to World Bank report published in 2019 around 15% of the world’s population and 20% to 25% of the elderly population suffer from some form of disability and it is anticipated to rise in the future.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Walking Aids Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Walking Aids Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.