Knee Walker Market
Number of pages: 100 | Report Format: PDF | Published date: May 03, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
CAGR |
5% |
|
Base Year for Estimation |
2022 |
|
Forecast Period |
2023 to 2031 |
|
Historical Year |
2021 |
|
Segments Covered |
Product Type, Modality, Application, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global knee walkers market is expected to grow at a revenue CAGR of 5% from 2023 to 2031.
Knee Walker Market Fundamentals
Knee walkers, also known as knee scooters, are mobility aids designed to help individuals with a foot or ankle injury to move around more easily. They are an alternative to crutches and are generally more comfortable and less tiring to use. Knee walkers typically consist of a platform on wheels that the injured leg rests on, a handlebar for support, and a hand brake to control speed and stop the device. The user steers the knee walker by turning the handlebar and can move around by pushing with their good foot. Knee walkers can be used both indoors and outdoors and are especially useful for those with long-term injuries or disabilities that make it difficult to walk without support. They are often available for rent or purchase at medical supply stores or online retailers.
The global knee walker industry analysis report comprehensively analyzes the market, with the factors that either aid or impede the market growth, such as its drivers, restraints, and opportunities. The research provides insight into the companies that operate in the knee walker market and their efforts to position themselves as key players through expansion strategies and innovations. It also highlights recent developments that contribute to the knee walker market growth. The research also analyzes the impact of the COVID-19 pandemic.
This research is valuable for businesses seeking insights into the market, customers, and competition. The research provides special insights into the segmentation, regions, market size & projection, revenue CAGRs, and other important information that may help clients make the right decisions. The report assembles data from market players and professionals across the industrial value chain. The study also incorporates qualitative and quantitative assessments from industry professionals. Secondary research, surveys and interviews, and statistical modeling are all used in our research to estimate market size and projection. Our reports deliver the most reliable market data because of our specialized research methods.
Knee Walker Market Dynamics
The knee walker market outlook is positive due to factors such as growing prevalence of foot and ankle injuries, which is partly attributed to the rising participation in sports and other physical activities. Knee walkers offer a comfortable and convenient solution for individuals who are recuperating from these injuries. According to the National Center for Biotechnology Information, approximately 187 per 100,000 adults sustain ankle fractures every year. The growing geriatric population is increasing the demand for knee walkers, as geriatric population is more prone to falls and mobility issues. Knee walkers offer a safe and efficient way for seniors to move around without relying on traditional crutches. Knee walkers have evolved significantly over the years, with manufacturers incorporating new features such as better shock absorption, adjustable height, and improved steering. These advancements have made knee walkers more comfortable and user-friendly, which has increased the knee walker demand. As healthcare expenditure continues to rise, patients are looking for cost-effective solutions for their recovery. Knee walkers are often covered by insurance and offer a cost-effective solution for patients to recover from foot and ankle injuries. However, the high cost related to knee walker is restricting the knee walker market growth. Moreover, there is lack of awareness regarding knee walkers. This is particularly true in developing countries, where the use of traditional crutches is more prevalent.
Knee Walker Market Ecosystem
Knee Walker Market, by Product Type
Knee Walker Market, by Modality
Knee Walker Market, by Application
Knee Walker Market by Application
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The Geriatric population is more likely to experience mobility issues, falls, and injuries. Knee walkers offer a safer and more comfortable solution compared to traditional crutches, which can be challenging for older adults to use. Moreover, They are more prone to conditions such as arthritis, osteoporosis, and joint pain, which can make it difficult for them to move around without assistance. Knee walkers provide a convenient and effective solution for these individuals to move around safely and comfortably. The geriatric population may take longer to recover from injuries and medical procedures, which can limit their mobility for an extended period. Knee walkers provide a means for them to remain mobile and independent during their recovery. Medicare and other health insurance plans often cover the cost of knee walkers for senior people, making them more accessible and affordable for this population segment.
The market segmentation sections provide the knee walker market outlook in terms of the demarcation of different consumer groups. Market segmentation is the split of an industry into subgroups depending on characteristics such as product type, modality, application, and region. Market segmentation data helps organizations understand the preferences and distinctive demands of different customer groups and implement targeted marketing strategies. This data additionally helps in identifying potential knee walker market demand opportunities.
Knee Walker Market by Region
North America has a large aging population, which is driving the demand for knee walkers. Senior people are more prone to falls and injuries, and knee walkers provide a safe and efficient way for them to move around without relying on traditional crutches. Participation in sports and other physical activities is increasing in North America, leading to a higher incidence of foot and ankle injuries. Knee walkers offer a convenient and comfortable mobility solution for individuals recovering from these injuries. According to Centers for Disease Control and Prevention in U.S. around 7 million sports related injuries are reported each year. The knee walker market in North America is characterized by significant technological advancements, such as improved shock absorption, adjustable height, and better steering. These innovations have made knee walkers more comfortable and user-friendly, increasing their demand in the North America market. Healthcare expenditure in North America is among the highest in the world, and knee walkers are often covered by insurance. This makes them a cost-effective solution for patients to recover from foot and ankle injuries without incurring significant out-of-pocket expenses.
Based on the regions, the global knee walker market is segmented into:
The industry's regional segmentation provides insights into geographic pockets in terms of knee walker industry trends, market size, share, and growth rate. This information helps organizations assess potential growth opportunities in new regional markets, understand competitive threats, and develop localized sales and expansion strategies. This section also offers deeper insights into the regional and country-level knee walker market overview.
Key Components of the Report
Knee Walker Market Competitive Landscape
The market competitive landscape analysis is performed by gathering and evaluating data about the key competitors, industry trends, and market dynamics. It involves collecting and analyzing data on factors such as products, pricing, geographic reach, customer demographics, marketing tactics, and recent developments. Competitive landscape analysis can help organizations identify present or prospective opportunities and risks in the market.
Reasons To Buy This Report
Key Strengths of Our Report
Target Audience to Benefit from this Report.
Knee walkers, also known as knee scooters, are mobility aids designed to help individuals with a foot or ankle injury to move around more easily. They are an alternative to crutches and are generally more comfortable and less tiring to use.
Asia Pacific can be considered as the key growth region due to the surge in knee walker industry trends in China, Japan, and the Indian subcontinent.
During the forecast period the revenue CAGR of the global knee walker market is estimated to be 5%.
One of the most prominent trends in the knee walker industry is the increasing focus on product innovation and design. Manufacturers are investing in research and development to create knee walkers that are more comfortable, user-friendly, and efficient.
The high cost and lack of awareness are some of the restricting factors of the knee walker market.
Key market players expand their product portfolio by introducing new models with different features, designs, and price points. This enables them to cater to the diverse needs and preferences of their customers.
The rising geriatric population and increasing sports industry are some of the major driving factors of the market.
The prominent players operating in the global knee walker market are Invacare Corporation, Performance Health, Nova Medical, Mercy Medical Equipment Company, and KneeRover.
The geriatric application segment dominated the global knee walker market.
*Insights on financial performance are subject to the availability of information in the public domain