Europe Walking Assist Devices Market

Europe Walking Assist Devices Market Size & Growth (2023 to 2028)

As per the research report, the size of the Europe Walking Assist Devices Market is valued at USD 1.58 billion in 2023 and is anticipated to reach USD 1.93 billion by 2028 at a 4.09% CAGR during the forecast period 2023 to 2028.

Increased government efforts to ensure that walking assist devices are provided to the elderly to fulfill demand will boost the European walking assist device market. In addition, the expansion of the walking aid devices industry is predicted to be fuelled by rising healthcare spending and increased demand for rehabilitation equipment before surgery.

Demand is expected to rise as the prevalence of neurological diseases spreads across Europe. In addition, the European market for walking aid devices is growing thanks to increased government investment in robotics to promote health.

Medical supplies like masks, gloves, and protective eyewear have seen a significant surge in demand due to COVID-19. In addition, as a result of the sick population, health services are more needed.

With an increasing number of COVID-19 cases worldwide, both healthcare providers and the general public desperately need medicinal supplies. Furthermore, manufacturers of these devices can profit from the increased demand for medical supplies by guaranteeing a steady of personal protective equipment on the market. As a result of these factors, COVID-19 is projected to impact the European walking aid devices market significantly.

These factors are expected to drive the European walking assist device market during the forecast period.

The cost of walking assist devices is rising, and there are some worries about walking assist devices, which is slowing the market's growth in Europe. However, early obstacle detection is critical for those who use walkers. Furthermore, when using outpatient assistance, unexpected changes in terrain will cause severe balance issues due to decreased equilibrium.

The manufacturing sector was affected by both demand and supply-side effects of the complete and partial lockdowns. The manufacturing network was harmed by the restricted mobility of commodities, services, and employees on the supply side.

These factors are expected to restrain the European walking assist device market.

This research report on the Europe Walking Assist Devices Market has been segmented and sub-segmented into the following categories:

By Product Type:

• Gait Belts
• Lift Vests
• Canes
• Crutches
• Walkers
• Wheelchairs
• Power Scooters

By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

Geographically, the Europe region is represented the second largest proportion of the market that boosts the market growth. As a result, the market growth is expanding with technological developments, government backing, and an increase in the population with spending power. Patients will be compelled to choose alternative operations like Arthroscopic Debridement and M.I.S. as part of a European-wide drive to minimize healthcare costs and reimbursements.

The U.K. Walking Assist Devices Market has contributed to the rise in the number of people who cannot walk due to the rising prevalence of debilitating neurological disorders, rheumatoid arthritis, and osteoarthritis during the forecast period.

The France Walking Assist Devices Market is expected to dominate the Europe region. The rise in healthcare expenditure and government investment in developing robots to promote health are also driving the market expansion in this country during the projected period.

The Germany Walking Assist Devices Market is predicted to have the largest share of the European region because of well-developed healthcare sectors, technical developments advanced by top players, and private organizations providing various supportive services for physically challenged individuals.

The Spain Walking Assist Devices Market is expected to propel the market's growth due to the rising demand for the devices and the increasing prevalence of incapacitating neurological disorders and injuries among patients.

KEY MARKET PLAYERS

Key players operating in the Europe Walking Assist Devices Market profiled in this report are Ottobock, Ossenberg GmbH, Honda Motor Co., Ltd., Permobil Inc., C.T.M. Homecare Product, Inc., G.F. Health Products, Inc., Invacare Corporation, Besco Medical Co., LTD., Aetna Inc., Sunrise Medical L.L.C., and Karma Healthcare Ltd, Betterlife healthcare Ltd., Pride Mobility Products Corp.,