Walking Canes Market Expected to Reach $2.5 Billion, Globally, by 2032 at 4.9% CAGR—Allied Market Research

The walking canes market is driven by growth in the aging population, prevalence of mobility issues, rise in awareness and accessibility, increase in technological advancement, and surge in outdoor activities. Moreover, the rapid technological advancement in the medical industry has led to changes in dynamics and made it easier for both customers and organizers to organize the market smoothly.

Portland, OR, March 05, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled “Walking Canes Market by Material (Wooden, Carbon fiber, Metal, and Others), End Use (Aged Use, Patient Use, and Decoration Use), and Distribution Channel (Retail Stores, Online Retail, and Specialty Medical Stores): Global Opportunity Analysis and Industry Forecast, 2023–2032.” According to the report, the global walking canes market was valued at $1.6 billion in 2022, and is projected to reach $2.5 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032. 

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Prime determinants of growth 

The growth of the walking canes market is majorly driven by many factors. The aging global population, coupled with the prevalence of mobility issues such as arthritis, has created a heightened demand for mobility aids such as walking canes. Increased awareness about the benefits of these aids, along with technological advancements leading to more comfortable and functional designs, has contributed to their widespread adoption. Moreover, the incorporation of fashion elements and customization options has transformed walking canes into both practical and stylish accessories. Furthermore, the emphasis on an active lifestyle, supported by canes designed for various terrains, aligns with health and wellness trends. The growth of e-commerce platforms has also facilitated broader accessibility to a diverse range of walking canes, catering to individual preferences and needs. Overall, the walking canes market is expanding as it addresses the evolving requirements of a diverse consumer base by seeking both mobility support and aesthetic appeal. 

Report coverage & details:   

 
 
 
Report Coverage   
 
 Details   
 
 
 Forecast Period   
 
2023-2032  
 
Base Year   
 
 
2022 
 
 
Market Size In 2022  
 
 $1.6 Billion 
 
 Market Size In 2032  
 
 $2.5 Billion 
 
CAGR   
 
4.9% 
 
 
No. Of Pages In Report   
 
 
 260   
 
 
Segments Covered   
 
Material, End Use, Distribution Channel, And Region 
 
 
 
Drivers    
 

  • Increase In Aging Population 
  • Growth In Prevalence For Rehabilitation And Post-Surgery Care 
  • Rise In Innovation In Materials 
 
 Opportunities   
 
Rise In Technological Integration 
 
 Restraints   
 
 Availability Of Alternative Mobility Aids  Affordability Concerns 

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The wooden segment to maintain its leadership status throughout the forecast period 

By material, the wooden segment held the highest market share in 2022, accounting for more than two-fifths of the walking canes market revenue and is estimated to maintain its leadership status throughout the forecast period. The demand for wooden walking canes has increased significantly, in recent years. The use of wooden canes provides consumers the choice of lighter and heavier canes according to their convenience. Moreover, many consumers also use wooden walking canes for medical reasons, such as providing support for balance issues or helping to alleviate pressure on joints. In addition, increase in awareness of health and wellness, coupled with a desire for fashionable accessories, contributes to the demand for customizable and stylish wooden canes. The sustainable and eco-friendly considerations in manufacturing have become more crucial which align with the growing environmental consciousness. The aforementioned factors have boosted the demand for the segment. 

The aged use segment to maintain its leadership status throughout the forecast period 

By end use, the aged use segment held the highest market share in 2022, accounting for more than half of the walking canes market revenue and is estimated to maintain its leadership status throughout the forecast period. The aged use of walking canes is a multifaceted aspect of promoting healthy aging, enabling seniors to maintain their independence and well-being. As the global population continues to age, there is a growing demand for mobility aids which include walking canes to support seniors in maintaining an active and independent lifestyle. Moreover, walking canes also help to distribute weight more evenly, which reduces strain on joints, especially in the lower extremities. This is beneficial for seniors dealing with conditions such as arthritis or joint pain. The walking canes also provide extra support during the recovery process, which aids in regaining strength and mobility. In addition, the use of a walking cane can significantly boost the confidence of elderly individuals, allowing them to move about more freely and independently. 

The retail store segment to maintain its leadership status throughout the forecast period 

By distribution channel, the retail store segment held the highest market share in 2022, accounting for more than half of the walking canes market revenue and is estimated to maintain its leadership status throughout the forecast period. The global increase in the aging population is a significant growth factor for retail stores selling walking canes. As individuals age, there is a higher likelihood of requiring mobility aids, and retail stores cater to this expanding demographic. Moreover, retail stores offer a diverse range of walking canes with various designs, materials, and features that cater to a broader customer base. Overall, retail stores provide options that suit different preferences and needs, which contributes to increased sales of walking canes. 

North America to maintain its leadership status throughout the forecast period 

By region, North America held the highest market share in 2022, accounting for one-third of the walking canes market revenue and is estimated to maintain its leadership status throughout the forecast period. A substantial aging population, coupled with a higher prevalence of chronic conditions such as arthritis, has fueled the demand for walking canes as essential mobility aids. The region’s robust healthcare infrastructure ensures easy access to medical devices, including walking canes, while the higher average disposable income allows individuals to invest in quality products with advanced features. In addition, the cultural acceptance of using mobility aids is more pronounced in North America, contributing to the widespread adoption of walking canes without the associated stigma. The region’s commitment to innovation in product design, coupled with a well-established retail infrastructure, further facilitates the accessibility and popularity of walking canes, making North America a key player in the market. 

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Leading Market Players: –  
TreasureGurus 

Medical Depot, Inc 

Carex Health Brands 

NOVA Medical Products 

HurryWorks LLC 

Royal Canes 

SwitchSticks 

Harvy Canes 

Safex Inc. 

Alex Orthopedic Inc 

 
The report analyzes government regulations, policies, and patents to provide information on the current market trends and suggests future growth opportunities globally. Furthermore, the study highlights Porter’s five forces analysis to determine the factors affecting market growth. 

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 About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 
 

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