The Asia Pacific Elderly Walker Market would witness market growth of 7.8% CAGR during the forecast period (2023-2030).
The development of musculoskeletal conditions like osteoarthritis and rheumatoid arthritis among the older population has also increased demand for better, more sophisticated walkers, which spurs the expansion of the elderly walker industry. Additionally, the rise in R&D efforts for walkers and rollators has improved healthcare services, and considerable government expenditures have improved healthcare infrastructure, both of which have become essential instruments for small and big enterprises. Because the senior populations of nations such as China and India are growing quickly and represent a sizable market, there is a growing need for elderly walkers in emerging countries as well.
The expansion is anticipated to be fueled by a number of factors, including an increase in orthopedic disorders, an increase in short-term disability and medical emergencies, an increase in musculoskeletal injuries and other chronic illnesses, as well as an increase in the number of elderly people. The majority of those with disabilities or long-term musculoskeletal disorders utilize medical walkers as assistive technology. The need for elderly walkers is expected to increase due to the rising incidence of orthopedic diseases among older individuals throughout the region. Spinal cord injury (SCI) patients are becoming more prevalent, which is projected to be the main driver of market expansion.
India's elderly population has more than quadrupled in size during the previous 50 years. There were 103.83 million older adults, or those over 60, as of 2011, the most recent year for which data is available from the Census. It is anticipated that this figure would rise to 178.59 million by 2031, eventually to 236.01 million, then to 300.96 million. China has one of the world's fastest-growing aging populations, according to the World Health Organization. Due to rising life expectancy and falling birth rates, 28% of China's population is expected to be over 60 by 2040. In 2019 there were 176 million older individuals who were 65 years of age or older and 254 million persons who were 60 years of age or older. A projected 402 million people will be above 60 by 2040, making about 28% of the world's population. The market is expected to expand as a consequence of the region's growing older population.
The China market dominated the Asia Pacific Elderly Walker Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $172.8 million by 2030. The Japan market is experiencing a CAGR of 7.1% during (2023 - 2030). Additionally, The India market would display a CAGR of 8.5% during (2023 - 2030).
Based on End-use, the market is segmented into Hospitals, Home Care, and Others. Based on Type, the market is segmented into Rollators, Knee Walkers, and Standard Walkers. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Elderly Walker Market is Projected to reach USD 2.3 Billion by 2030, at a CAGR of 7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Invacare Corporation, Drive DeVilbiss Healthcare (Medical Depot, Inc.), Compass Health Brands Corporation (Carex Health Brands), Medline Industries, Inc., Briggs Healthcare Corporation, Topro Industrie AS, GF Health Products, Inc., Nova Medical Products, Kaye Products, Inc. and Just Walkers.
Scope of the Study
Market Segments Covered in the Report:
By End Use
- Hospitals
- Home Care
- Others
By Type
- Rollators
- Knee Walkers
- Standard Walkers
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Invacare Corporation
- Drive DeVilbiss Healthcare (Medical Depot, Inc.)
- Compass Health Brands Corporation (Carex Health Brands)
- Medline Industries, Inc.
- Briggs Healthcare Corporation
- Topro Industrie AS
- GF Health Products, Inc.
- Nova Medical Products
- Kaye Products, Inc.
- Just Walkers
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Elderly Walker Market, by End User
1.4.2 Asia Pacific Elderly Walker Market, by Type
1.4.3 Asia Pacific Elderly Walker Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Elderly Walker Market by End-use
3.1 Asia Pacific Hospitals Market by Country
3.2 Asia Pacific Home Care Market by Country
3.3 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Elderly Walker Market by Type
4.1 Asia Pacific Rollators Market by Country
4.2 Asia Pacific Knee Walkers Market by Country
4.3 Asia Pacific Standard Walkers Market by Country
Chapter 5. Asia Pacific Elderly Walker Market by Country
5.1 China Elderly Walker Market
5.1.1 China Elderly Walker Market by End-use
5.1.2 China Elderly Walker Market by Type
5.2 Japan Elderly Walker Market
5.2.1 Japan Elderly Walker Market by End-use
5.2.2 Japan Elderly Walker Market by Type
5.3 India Elderly Walker Market
5.3.1 India Elderly Walker Market by End-use
5.3.2 India Elderly Walker Market by Type
5.4 South Korea Elderly Walker Market
5.4.1 South Korea Elderly Walker Market by End-use
5.4.2 South Korea Elderly Walker Market by Type
5.5 Singapore Elderly Walker Market
5.5.1 Singapore Elderly Walker Market by End-use
5.5.2 Singapore Elderly Walker Market by Type
5.6 Malaysia Elderly Walker Market
5.6.1 Malaysia Elderly Walker Market by End-use
5.6.2 Malaysia Elderly Walker Market by Type
5.7 Rest of Asia Pacific Elderly Walker Market
5.7.1 Rest of Asia Pacific Elderly Walker Market by End-use
5.7.2 Rest of Asia Pacific Elderly Walker Market by Type
Chapter 6. Company Profiles
6.1 Invacare Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Product and Regional Analysis
6.1.4 Research & Development Expenses
6.2 Drive DeVilbiss Healthcare (Medical Depot, Inc.)
6.2.1 Company Overview
6.3 Compass Health Brands Corporation (Carex Health Brands)
6.3.1 Company Overview
6.4 Medline Industries, Inc.
6.4.1 Company Overview
6.5 Briggs Healthcare Corporation
6.5.1 Company Overview
6.6 Topro Industri AS
6.6.1 Company Overview
6.6.2 Recent Strategies and Developments:
6.6.2.1 Acquisition and Mergers:
6.7 GF Health Products, Inc.
6.7.1 Company Overview
6.8 Nova Medical Products
6.8.1 Company Overview
6.9 Kaye Products, Inc.
6.9.1 Company Overview
6.10. Just Walkers
6.10.1 Company Overview
TABLE 1 Asia Pacific Elderly Walker Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Elderly Walker Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Elderly Walker Market by End-use, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Elderly Walker Market by End-use, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Hospitals Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Home Care Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Home Care Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Elderly Walker Market by Type, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Elderly Walker Market by Type, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Rollators Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Rollators Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Knee Walkers Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Knee Walkers Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Standard Walkers Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Standard Walkers Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Elderly Walker Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Elderly Walker Market by Country, 2023 - 2030, USD Million
TABLE 21 China Elderly Walker Market, 2019 - 2022, USD Million
TABLE 22 China Elderly Walker Market, 2023 - 2030, USD Million
TABLE 23 China Elderly Walker Market by End-use, 2019 - 2022, USD Million
TABLE 24 China Elderly Walker Market by End-use, 2023 - 2030, USD Million
TABLE 25 China Elderly Walker Market by Type, 2019 - 2022, USD Million
TABLE 26 China Elderly Walker Market by Type, 2023 - 2030, USD Million
TABLE 27 Japan Elderly Walker Market, 2019 - 2022, USD Million
TABLE 28 Japan Elderly Walker Market, 2023 - 2030, USD Million
TABLE 29 Japan Elderly Walker Market by End-use, 2019 - 2022, USD Million
TABLE 30 Japan Elderly Walker Market by End-use, 2023 - 2030, USD Million
TABLE 31 Japan Elderly Walker Market by Type, 2019 - 2022, USD Million
TABLE 32 Japan Elderly Walker Market by Type, 2023 - 2030, USD Million
TABLE 33 India Elderly Walker Market, 2019 - 2022, USD Million
TABLE 34 India Elderly Walker Market, 2023 - 2030, USD Million
TABLE 35 India Elderly Walker Market by End-use, 2019 - 2022, USD Million
TABLE 36 India Elderly Walker Market by End-use, 2023 - 2030, USD Million
TABLE 37 India Elderly Walker Market by Type, 2019 - 2022, USD Million
TABLE 38 India Elderly Walker Market by Type, 2023 - 2030, USD Million
TABLE 39 South Korea Elderly Walker Market, 2019 - 2022, USD Million
TABLE 40 South Korea Elderly Walker Market, 2023 - 2030, USD Million
TABLE 41 South Korea Elderly Walker Market by End-use, 2019 - 2022, USD Million
TABLE 42 South Korea Elderly Walker Market by End-use, 2023 - 2030, USD Million
TABLE 43 South Korea Elderly Walker Market by Type, 2019 - 2022, USD Million
TABLE 44 South Korea Elderly Walker Market by Type, 2023 - 2030, USD Million
TABLE 45 Singapore Elderly Walker Market, 2019 - 2022, USD Million
TABLE 46 Singapore Elderly Walker Market, 2023 - 2030, USD Million
TABLE 47 Singapore Elderly Walker Market by End-use, 2019 - 2022, USD Million
TABLE 48 Singapore Elderly Walker Market by End-use, 2023 - 2030, USD Million
TABLE 49 Singapore Elderly Walker Market by Type, 2019 - 2022, USD Million
TABLE 50 Singapore Elderly Walker Market by Type, 2023 - 2030, USD Million
TABLE 51 Malaysia Elderly Walker Market, 2019 - 2022, USD Million
TABLE 52 Malaysia Elderly Walker Market, 2023 - 2030, USD Million
TABLE 53 Malaysia Elderly Walker Market by End-use, 2019 - 2022, USD Million
TABLE 54 Malaysia Elderly Walker Market by End-use, 2023 - 2030, USD Million
TABLE 55 Malaysia Elderly Walker Market by Type, 2019 - 2022, USD Million
TABLE 56 Malaysia Elderly Walker Market by Type, 2023 - 2030, USD Million
TABLE 57 Rest of Asia Pacific Elderly Walker Market, 2019 - 2022, USD Million
TABLE 58 Rest of Asia Pacific Elderly Walker Market, 2023 - 2030, USD Million
TABLE 59 Rest of Asia Pacific Elderly Walker Market by End-use, 2019 - 2022, USD Million
TABLE 60 Rest of Asia Pacific Elderly Walker Market by End-use, 2023 - 2030, USD Million
TABLE 61 Rest of Asia Pacific Elderly Walker Market by Type, 2019 - 2022, USD Million
TABLE 62 Rest of Asia Pacific Elderly Walker Market by Type, 2023 - 2030, USD Million
TABLE 63 Key Information – Invacare Corporation
TABLE 64 Key Information – Drive DeVilbiss Healthcare
TABLE 65 Key Information – Compass Health Brands Corproation
TABLE 66 Key Information – Medline Industries, Inc.
TABLE 67 Key Information – Briggs Healthcare Corporation
TABLE 68 Key Information – Topro Industri AS
TABLE 69 Key Information – GF Health Products, Inc.
TABLE 70 Key Information – Nova medical products
TABLE 71 Key Information – Kaye Products, Inc.
TABLE 72 Key Information – Just Walkers
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Elderly Walker Market share by End-use, 2022
FIG 3 Asia Pacific Elderly Walker Market share by End-use, 2030
FIG 4 Asia Pacific Elderly Walker Market by End-use, 2019 - 2030, USD Million
FIG 5 Asia Pacific Elderly Walker Market share by Type, 2022
FIG 6 Asia Pacific Elderly Walker Market share by Type, 2030
FIG 7 Asia Pacific Elderly Walker Market by Type, 2019 - 2030, USD Million
FIG 8 Asia Pacific Elderly Walker Market share by Country, 2022
FIG 9 Asia Pacific Elderly Walker Market share by Country, 2030
FIG 10 Asia Pacific Elderly Walker Market by Country, 2019 - 2030, USD Million