The Asia Pacific Walking Canes Market would witness market growth of 5.4% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 14,519.7 thousand units, showcasing a growth of 12.3% (2020-2023).
In the walking cane market, the segment catering to patient use has witnessed a surge in demand, particularly from individuals recovering from injuries or surgeries, or those managing chronic conditions. These canes often feature ergonomic designs with cushioned handles and adjustable height settings, ensuring comfort and ease of use for individuals with varying needs. Therefore, the patients use segment in China registered a volume of 1,689.43 thousand units.
The China market dominated the Asia Pacific Walking Canes Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $196.3 million by 2031. The Japan market is registering a CAGR of 4.7% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 6.1% during (2024 - 2031).
Integrating technology into walking sticks is a growing trend, enabling enhanced functionality and safety features. Smart canes equipped with sensors, GPS tracking, fall detection, and connectivity capabilities provide users with real-time assistance, monitoring, and emergency alerts. Whether traversing uneven surfaces, crossing busy intersections, or negotiating crowded spaces, smart canes offer invaluable assistance by providing real-time feedback and guidance to users.
Moreover, smart canes can be connected to smartphones or other devices via Bluetooth or Wi-Fi, enabling seamless communication and data exchange. Users can access additional functionalities, adjust settings, or receive notifications directly through their connected devices. With advanced algorithms and artificial intelligence, smart canes can offer real-time guidance and feedback to users. This can include providing navigation assistance, suggesting safer routes, or offering personalized recommendations based on the user's mobility patterns and preferences.
Like many other countries, an increasing number of elderly people in China are choosing to age in place, staying as long as possible in their own homes and communities. These are vital in facilitating aging in place by helping older adults navigate their homes safely and independently. As per the data from the State Council of China, at the end of 2022, China had 280 million people aged 60 and more, which accounted for 19.8 percent of the total population. By 2025, the figure is predicted to climb to 300 million and 400 million by 2035. In addition, hospitals in India offer rehabilitation services to patients recovering from surgeries, injuries, or medical conditions that affect mobility. Walking canes are commonly prescribed as part of rehabilitation programs to help patients regain strength, balance, and independence. As per the data published by the National Investment Promotion and Facilitation Agency of India, the hospital industry in India, which accounts for 80% of the entire healthcare industry, is experiencing high investment demand from international and domestic investors. Thus, the surge in the aging population and the growing hospital sector in the Asia Pacific are expected to drive the demand for walking sticks in the region.
Free Valuable Insights: The Global Walking Canes Market is Predict to reach USD 2.2 Billion by 2031, at a CAGR of 4.9%
Based on End Use, the market is segmented into Aged Use, Patient Use, and Decoration Use. Based on Material, the market is segmented into Wooden, Carbon Fiber, Metal, and Others. Based on Distribution Channel, the market is segmented into Retail Stores, Online Retail, and Specialty Medical Stores. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By End Use (Volume, Thousand units, USD Billion, 2020-2031)
By Material (Volume, Thousand units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand units, USD Billion, 2020-2031)
By Country (Volume, Thousand units, USD Billion, 2020-2031)
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