Assisted Walking Device Market Forecast to 2024
August 30, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "Assisted Walking Device Market Analysis By Product (Canes, Crutches, Walkers, Gait Trainers) and Segment Forecasts To 2024" report to their offering.
The Global Assisted Walking Device Market is expected to reach over USD 2.0 billion by 2024 according to this new report. The high market growth is anticipated on account 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 innovations are transforming the current assisted devices,which are expected to serve as catalysts for the market growth over 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 the geriatric population due mainly to 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 the significant role they play in bettering the lives of the physically-challenged.
Suggested Items
IDTechEx Report Unveils 3D Electronics Status and Opportunities
04/22/2024 | PRNewswire3D electronics is an emerging manufacturing approach that enables electronics to be integrated within or onto the surface of objects. 3D electronic manufacturing techniques empower new features, including mass customizability, greater integration, and improved sustainability in the electronics industry.
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
Real Time with... IPC APEX EXPO 2024: Pluritec's Expansion and Growth in the North American Market
04/19/2024 | Real Time with...IPC APEX EXPONicola Doria, president of Pluritec, discusses the company's strategic focus on the North American market, their investment in a new sales organization, service expansion, and a new process integration line. The conversation also covers market response and future installations, as well as Pluritec's new partnership with IEC.
Mycronic Releases Interim Report January–March 2024
04/18/2024 | MycronicNet sales increased 39 percent to SEK 1,692 (1,219) million. Based on constant exchange rates, net sales increased 42 percent.
Real Time with... IPC APEX EXPO 2024: Exploring Silicone Solutions with R&D Director of CHT
04/17/2024 | Real Time with...IPC APEX EXPOIn this interview, Gerry Ellis, the R&D director for CHT, discusses the product range offered by his company. He explains the challenges in creating base formulations, the drive to make products more user-friendly, and the various application techniques involved. Ellis also highlights the key market segments and the significance of providing efficient solutions to customers.