The global market for walkers and rollators is anticipated to reach a substantial $2.2 billion by 2028, with a compound annual growth rate (CAGR) of 5.1%, according to a recent report by KBV Research. The 4-wheeler rollators and walkers’ segment has emerged as the market leader, commanding the highest revenue share.
Walkers and rollators serve as vital mobility aids, assisting individuals with various mobility challenges. Walkers provide stability and support for those with balance difficulties, while rollators, equipped with wheels and handles, are designed for individuals who may have difficulty getting out of chairs or beds but still require assistance in moving around.
These mobility aids play a crucial role in enhancing balance, stability, and overall walking capabilities, making it easier for individuals to navigate their surroundings. With a range of designs and sizes available, from classic walkers to rollators with advanced features, users can choose the mobility aid that best suits their needs.
The market is segmented into 4-wheeler rollators & walkers, 3-wheeler rollators & walkers, and others. In 2021, the 4-wheeler segment dominated the market, attributing its success to the stability and support it offers compared to 3-wheeler counterparts.
Segmented into age groups, the market is divided into 65 to 80 years old, above 80 years old, and young. In 2021, the 65 to 85-year-old segment held the largest revenue share due to the increased risk of falls among the elderly.
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Driving factors in global walkers and rollators market
The COVID-19 pandemic has had a notable impact on the walkers and rollators market. Disruptions in supply chains and logistics, coupled with increased costs, have affected the industry's liquidity and finances. Hospitals prioritizing COVID-19 treatment over other medical conditions, such as Parkinson's and arthritis, have resulted in a decline in the sale of walkers and rollators.
The global rise in cases of arthritis and gait irregularities has contributed to the growing demand for mobility devices. Individuals experiencing abnormal walking patterns due to hereditary factors, traumatic experiences, or illnesses like arthritis are turning to walkers and rollators for improved mobility, thereby driving market growth.
North America dominated the market in 2021, with factors such as advanced healthcare infrastructure, a high proportion of elderly people, and favorable government policies contributing to market growth.
Key companies in the rollator walker market include Eurovema Mobility AB (Weland AB), Karman Healthcare, Inc., Drive DeVilbiss Healthcare (Medical Depot, Inc.), Compass Health Brands Corporation, Human Care HC AB, Invacare Corporation, GF Health Products, Inc., Evolution Technologies Inc., Benmor Medical Ltd., and Briggs Healthcare Corporation.
The increasing elderly population worldwide, facing common health issues such as back pain and osteoarthritis, has led to a surge in the need for walkers and rollators. The elderly are more susceptible to injuries, necessitating surgeries and further boosting the demand for these mobility aids.