SAN FRANCISCO, July 27, 2016 /PRNewswire/ —
The global Assisted Walking Device Market is expected to reach over USD 2.0 billion by 2024 according to a new report by Grand View Research, Inc. 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 main lyto 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.
With the aging population on the rise, the global incidences of arthritis are also escalating in accordance. The estimate stated by the centers of disease control and prevention indica test hat by 2040, 78 million people will be suffering from arthritis in the U.S. There are over 232 million surgeries performed per year, which reflects the high demand for the assistive walking devices as a part of the post-surgery rehabilitation programs.
The key players are actively participating in the development of novel walking devices that will create a considerable impact on the quality and durability of the devices thereby influencing market growth. The government organizations and private institutions implement various laws and policies for the assisted devices commercially available to the physically disabled people in order to increase their accessibility. Varied government-led programs are specifically directed toward financially
Browse full research report with TOC on “Assisted Walking Device Market Analysis By Product (Canes, Crutches, Walkers, Gait Trainers) and Segment Forecasts To 2024“ at: http://www.grandviewresearch.com/industry-analysis/assisted-walking-device-market.
Further key findings from the study suggest:
Request for free sample of this research report: http://www.grandviewresearch.com/industry-analysis/assisted-walking-device-market/request
Grand View Research has segmented the Assisted Walking Device Market by product and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Corporate Sales Specialist, USA
Grand View Research, Inc
Toll Free: 1-888-202-9519