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Walkers and Rollators Market to Reach $2.91 Billion Globally, by 2031 at 5.7% CAGR: Allied Market Research

Published

1 year ago

February 2, 2023

Allied Market Research published a report, titled, “Walkers and Rollators Market by Type (3-wheeler rollator and walker, 4-wheeler rollator and walker, Others), by Application (65 to 85 years old, Above 85 years old, Young population), by Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031″ According to the report, the global walkers and rollators industry generated $1.66 billion in 2021, and is estimated to reach $2.91 billion by 2031, witnessing a CAGR of 5.7% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

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Drivers, Restraints, and Opportunities

Rise in the prevalence of sports-related injuries and musculoskeletal disorders such as osteoarthritis and rheumatoid arthritis among the elder population, increase in R&D activities in the field of walkers and rollators, enhanced healthcare services, and significant investments by the government to improve healthcare infrastructure drive the growth of the global walkers and rollators market. However, high cost associated with these medical devices impedes the global market growth. On the other hand, a rapid increase in geriatric population of countries, such as China, Brazil, and India, the increasing incidence of ailments and chronic diseases such as Parkinson’s and arthritis among the population, and lack of healthcare facilities in underdeveloped and developing nations are expected to open new opportunities for the walkers and rollators market growth during the forecast period.

Covid-19 Scenario

During the outbreak of the Covid-19 pandemic, the global walkers and rollators market experienced a decline, owing to supply chain disruption. The pandemic impacted the overall shipping and logistics of mobility and personal care products globally which also resulted in high cost of container shipping.
The rising cost of supply chain and logistics had an adverse effect on the company’s finances and liquidity.
However, the market was expected to achieve a steady growth in 2021 and grow at a significant CAGR during the forecast period. This is attributed to rising rates of bone diseases, such as arthritis, an increase in the prevalence of Parkinson’s disease, and a surge in the geriatric population.
The market has stabilized post the pandemic.

The 4-wheeler rollator and walker segment to dominate during the forecast period

Based on type, the 4-wheeler rollator and walker segment was the largest market in 2021, contributing to nearly three-fifths of the global walkers and rollators market, and is expected to maintain its leadership status during the forecast period. The same segment is projected to witness the fastest CAGR of 6.2% from 2022 to 2031, owing to the advantages offered by 4-wheel rollators, such as their ability to provide more support and stability and accommodate a wider range of heights and higher weight capacities than 3-wheel rollators.

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The 65 to 85 years old segment to maintain a prominent growth during the forecast period

Based on application, the 65 to 85 years old segment held the largest market share of nearly half of the global walkers and rollators market in 2021 and is expected to maintain its dominance during the forecast period. The same segment is projected to witness the fastest CAGR of 6.2% from 2022 to 2031. This is due to the fact that the elderly population is highly prone to falling, which can result in hip, pelvis, femur, and spine fractures, thus driving the segment.

Asia-Pacific to achieve the fastest growth by 2031

Based on region, Asia-Pacific is expected to manifest the fastest CAGR of 6.7% during the forecast period, owing to the presence of pharmaceutical medical device manufacturers in the region as well as the rise in the geriatric population in countries, such as China and India. Moreover, a rise in the prevalence of arthritis and an increase in the number of road accidents in the region drive the segmental growth. However, North America captured the largest share of around two-fifths of the global walkers and rollators market in 2021 and is expected to dominate in terms of revenue in 2031. The presence of several major players and the advancement in technology of walkers and rollator devices in the region would drive the growth of the market.

Leading Market Players

Eurovema AB
Karman Healthcare, Inc.
Drive DeVilbiss Healthcare
Compass Health Brands
Human Care HC AB
Invacare Corporation
GF Health Products, Inc.
Evolution Technologies
Benmor Medical
Briggs Healthcare

The report analyzes these key players of the global walkers and rollators market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.

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Artificial Intelligence

Aetina Accelerates Embedded AI with High-performance, Small Form-factor Aetina IA380E-QUFL Graphics Card

Published

2 hours ago

April 25, 2024

CISION (PR Newswire)

aetina-accelerates-embedded-ai-with-high-performance,-small-form-factor-aetina-ia380e-qufl-graphics-card

TAIPEI, April 25, 2024 /PRNewswire/ — Aetina, a leading Edge AI solution provider, announced the launch of the Aetina IA380E-QUFL at Embedded World 2024 in Nuremberg, Germany. This groundbreaking product is a small form factor PCIe graphics card powered by the high-performance Intel Arc A380E GPU.

Unmatched Power in a Compact Design
The Aetina IA380E-QUFL delivers workstation-level performance packed into a low-profile, single-slot form factor. This innovative solution consumes only 50W, making it ideal for space and power-constrained edge computing environments. Embedded system manufacturers and integrators can leverage the power of 4.096 TFLOPs peak FP32 performance delivered by the Intel Arc A380E GPU[1].
Beyond Small Size: Big Capabilities
Despite its compact size, the IA380E-QUFL offers native support for 4 mini-DisplayPort outputs and 6GB of GDDR6 memory, enabling the connection of multiple high-resolution displays (UHD). This makes the IA380E-QUFL an excellent choice for a wide range of applications, including commercial gaming, video walls, medical imaging, and visual inference for smart cities.
“The demand for slim and energy-efficient AI systems is rapidly escalating,” said Jackal Chen, Senior Product Manager at Aetina. “The Aetina IA380E-QUFL addresses this need head-on, offering a powerful GPU solution in a compact, single-slot form factor with minimal power consumption. This empowers developers to create powerful and efficient edge systems for a wide range of applications.”.
Unparalleled Commitment: 5-Year Product Supply
Acknowledging the critical need for long-term product stability in industrial applications, Aetina ensures a 5-year product supply for the Aetina IA380E-QUFL, which streamlines system roadmaps and reduces the need for costly redesign. Our commitment is aligned with Intel’s announced product plans for the Intel Arc A380E GPU.[1]
[1]https://www.intel.com/content/www/us/en/content-details/820389/intel-arc-gpu-for-the-edge-public-30-3-30.html?wapkw=Intel%20Arc%20GPU%2030-3-30&DocID=820389 Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.
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Artificial Intelligence

IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

Published

4 hours ago

April 25, 2024

CISION (PR Newswire)

Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

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Artificial Intelligence

Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

Published

4 hours ago

April 25, 2024

CISION (PR Newswire)

sentrycs-now-part-of-the-uk-national-protective-security-authority-catalog-of-security-equipment

This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).

Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
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