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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.
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