Authored By: Sarah
11 Jul 2024

 Walking Canes Market Size to grow by USD 162.25 million between 2024-2028

According to a research report “ Walking Canes Market” by Material (Metal, Wooden, Plastics and other) Distribution Channel (Offline, Online) Geography (Asia, Europe, North America, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 162.25 million, at a CAGR of  3.98% during the forecast period. In the global context, demographic shifts such as increasing life expectancy and declining mortality rates have resulted in a significant rise in the geriatric population, particularly in regions like North America, Europe, India, China, Japan, and the UK. With the median age increasing and the number of individuals above 60 years nearly tripling, it is projected to triple again by 2050. Moreover, the higher life expectancy in Europe and the Americas contributes to a substantial geriatric population in these regions. Concurrently, the prevalence of lifestyle diseases, including diabetes, arthritis, cancer, obesity, heart diseases, and asthma, is on the rise, leading to an increased dependency on families and caregivers for support. This trend is particularly noticeable in North America and Western Europe.

Browse market data tables, figures, and in-depth TOC on “Walking Canes Market” by Material (Metal, Wooden, Plastics and other) Distribution Channel (Offline, Online) Geography (Asia, Europe, North America, Rest of World (ROW)) Global Forecast to 2028. Download Free Sample

 

By Material, the Metal segment is projected to dominate the market size in 2024

The offline distribution segment, consisting of specialty stores, pharmacies, and medical supply outlets, plays a pivotal role in the walking canes market. This channel provides a tangible and personalized shopping experience for customers, setting it apart from online platforms. In brick-and-mortar stores, consumers can engage in a try-and-buy experience, receiving expert advice from sales representatives. This personal interaction enables customers to assess the comfort, height adjustments, and overall usability of various walking canes before making an informed purchase decision. The importance of this hands-on approach is particularly significant for mobility aids, as users require a customized solution to meet their unique requirements.

By Distribution Channel, Offline  segment is expected to hold the largest market size for the year 2024

Metal walking canes, crafted primarily from aluminum and steel, are highly prized in the mobility aid market for their robustness and strength. These canes cater to individuals who require reliable support and stability, making them a preferred choice among consumers seeking durable mobility solutions. Aluminum, renowned for its lightweight properties, is extensively used in the production of metal walking canes, ensuring ease of handling and portability. The versatility of design options, including various finishes and styles, further expands the market appeal, addressing the diverse preferences of consumers. This segment's growth can be attributed to the ability to provide both traditional and modern aesthetics, ensuring user satisfaction.

Asia is forecasted to hold the largest market size by region in 2024

The Asia Pacific region is experiencing significant growth in the global walking canes market. This expansion is primarily attributed to the increasing availability of products, burgeoning opportunities for manufacturers and suppliers, and a robust supply chain. Favorable factors include the ease of access to raw materials, low labor costs, and reasonable logistics expenses. Furthermore, the presence of international vendors and the rising product availability are anticipated to accelerate market growth during the forecast period. Notably, demographic shifts in countries like China and India, with aging populations, are further fueling market demand.

The Walking Canes Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Alex Orthopedic Inc.
  • Asker Healthcare Group
  • Besco Medical Ltd.
  • Brazos Walking Sticks
  • Cardinal Health Inc.
  • Compass Health Brands
  • ELDERLUXE LLC
  • Harvy Canes
  • HurryWorks LLC
  • Invacare Corp.
  • Jiangsu Yongfa Medical Equipment Technology Co. Ltd.
  • Matsunaga Manufactory Co. Ltd.
  • Medical Depot Inc.
  • Medline Industries LP
  • MIKIRAD Spotka z o. o.
  • NOVA Medical Products
  • Royal Medical Solutions
  • Standers Inc.
  • Sunrise Medical LLC
  • Vermeiren Group
  • Vive Health LLC
  • Walking Cane Co.
.

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Research Analysis Overview

Title: Walking Canes: Essential Assistive Tools for Mobility and Safety Walking canes have become essential functional accessories for individuals dealing with mobility issues due to falls, osteoporosis, arthritis, and other health conditions. These devices offer much-needed support, stability, and balance, reducing the risk of falls, injuries, and even surgeries for the elderly and those with posture concerns. Available in various designs, materials, and adjustable heights, walking canes cater to both functional needs and aesthetic appeal. Some canes are foldable and portable, making them convenient for travel and storage. Features like ergonomic handles, adjustable heights, and shock-absorbing tips enhance the user experience. Materials like aluminum, carbon fiber, and wood offer durability and style. Designs range from classic to modern, ensuring there's an option for every preference. With the advancement of technology, some canes even come with additional features like built-in flashlights or seats. In summary, walking canes are more than just mobility aids; they are essential devices that promote independence, safety, and peace of mind for those dealing with mobility issues caused by falls, osteoporosis, arthritis, or other health conditions.

Market Research Overview

The Walking Canes Market is witnessing significant growth due to sustainability initiatives, demographic changes, and technological integration. Data analytics and digital marketing are key strategies used by market players to enhance customer experience and satisfaction. Personalized services and customization options are becoming increasingly popular, with customers seeking quality products that cater to their individual preferences and user-specific needs. Brand image and competitiveness are crucial factors in the market, with companies focusing on innovative designs, lightweight materials, and adjustable height settings. Smart technologies, such as carbon fiber and aluminum, are being integrated into walking canes to provide greater resistance and stability for patients with mobility issues or those at risk of falls due to age or medical conditions like osteoporosis or arthritis. Online platforms and e-commerce are gaining popularity in the market, offering convenience and accessibility to a wider customer base. Specialty stores and medical stores also cater to specific end-use segments, such as patient use, aged use, and decoration use. The market appeal of walking canes extends beyond functional accessories, with ergonomic handles, adjustable heights, and foldable options adding to their aesthetic appeal. Societal attitudes towards walking canes as symbols of weakness or stigma are changing, with an increasing focus on active lifestyles and awareness of the risks of falls and injuries. The aging population and the growing prevalence of mobility issues continue to drive demand for walking canes, with sales staff providing expert advice and assistance to customers. Overall, the market for walking canes is diverse, dynamic, and evolving to meet the changing needs of its customers.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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