The global folding walkers market is anticipated to witness rapid development, according to a new report available on Radiant Insights. The global market is anticipated to register a healthy growth rate over the forecast period (from 2017 to 2022).
A walker is a type of equipment for the elderly and for people with disabilities, who need extra support for stability or to maintain balance while walking. It is also used by people suffering from back or leg injuries and by those with mild balance issues or problems while walking. The basic design of a walker comprises a lightweight frame, which is about waist high.
Rising geriatric population across the globe is expected to be key demand driver for folding walkers. Apart from the elderly, folding walkers are also used by people suffering from various disabilities related to mobility. Rising number of people with disabilities (temporary or permanent) is estimated to augment the demand for folding walkers over the coming years. Factors such as growing number of various diseases and rising awareness and concerns related to health are also expected to augment the global market. In addition, development of advanced technologies and innovations as well as massive investments in R&D activities is projected to spur the overall market.
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The global folding walkers market is categorized as per product type, application or end-user, and region. Based on product type, the market is categorized into three rounds, four rounds, and others. Based on application, the market is segregated into indoor and outdoor. On the basis of geography, the market is divided into Europe, North America, China, India, Japan, and Southeast Asia.
The demand for folding walkers is projected to experience steady growth in countries such as India and Japan on account of the growing geriatric population base. Rising awareness regarding highly advanced medical equipment along with increasing affordability is anticipated to drive demanding the APAC region. In addition, increasing proliferation of various global companies is expected to boost the growth of the market in this region.
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The North America market is also expected to witness rapid growth as a result of increasing ability of consumers to spend on high-end medical devices due to higher levels of disposable income. Moreover, increased demand for highly advanced medical equipment and growing population with various physical disabilities in the region are estimated to help fuel the growth of the regional market.
Major companies operating in the global folding walkers market include La Pastilla Soluciones Integrales S.L.; Jiangsu Yuyue Medical Equipment & Supply Co., Ltd.; Axis Medical and Rehabilitation; Medpack Swiss Group AG; and Merits Health Products Inc.
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These market participants follow key strategies to maintain their positioning the industry. For instance, they focus on R&D activities for novel product or technology development. Other strategies include regional expansions and mergers and acquisitions.
Four-wheeler walkers allow maximum stability without slowing down the user’s speed. One such walker is Drive Medical’s “Nitro Euro Style Rollator Walker”. This walker is intended to offer maximum ease, convenience, and comfort. It is constructed with lightweight aluminum, which makes it lighter and flexible.
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