Walking Canes Market Size, Share Global Analysis Report, 2019 - 2026

Industry Insights

This professional and specialized report study examines the technical and business perspective of the walking cane industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the walking cane market. The report study analyzes the market statistics at the global as well as regional levels to gain an in-depth perspective of the overall walking cane market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of both volume (K Units) and value (USD Million) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.

We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the walking cane market in our study.

Key Insights from Primary Research

• As per our primary respondents, the walking canes market is set to Asia Pacific market is to grow at a CAGR of 5% during 2019-2026.
• It was established through primary research that the Walking Canes market was valued at around USD 700.00Million in 2019
• In terms of volume, the Walking Canes market stood at around 56 million square meters, in 2019
• On the basis of Material segmentation, the “Metal Walking Canes” category accounted for around 40% share, in 2019
• On the basis of end-use segmentation, the “Patient Use” category held the leading share at more than 44%, in 2019

Key Recommendations from Analysts

• In Asia-Pacific, key determining factors contributing to the high growth include the daunting geriatric population count.
• Asia-Pacific growing at a CAGR of around 5%, walking canes market provides numerous opportunities for all of the involved stakeholders across the entire value chain
• The wooden walking canes segment is estimated to grow at a CAGR of 4% over the forecast period.
• The patient use walking canes segment is estimated to grow at a CAGR of 4% over the forecast period
• Increasing investment by the market players in research and development activities is anticipated to provide high-tech products to consumers. This will result in an increasing average price of the product in near future.

Global Walking Cane Market Share – By End-Use, 2019

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the walking cane market. It also encompasses PESTLE analysis and SWOT analysis.

The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the walking cane market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the walking cane market.

The research study provides a critical assessment of the walking cane industry by logically segmenting the market on the basis of Type, Application, and region. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the walking cane industry includes the holistic bifurcation of all five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The purchasing pattern of consumers worldwide is based on evolving trends and changing styles. The market share is largely influenced by the product sales greatly impacted by religious beliefs and ethnic population. Apparently, easy access to clips, ornamented pins, and bands on the e-commerce web portals will further accelerate the industry surge over the forecast timespan.

The Walking Canes market is segmented based on material and End-Use.  Material-wise, the market is classified into CoveredWooden Walking Canes, Plastic Walking Canes, Metal Walking Canes, and Others. In terms of End-Use, the market segment is sectored into Aged Use, Patient Use, and Decorative Use.

Report Scope

This report segments the Walking Canes market as follows:

Key players operating in the Walking Canesindustry are

• Hugo Mobility
• HurryCane
• Ez2care
• Duro-Med
• Carex Health Brands
• The Royal Canes
• Harvy cane
• NOVA Medical Products
• TeleBrands Corporation
• RMS Company
• Viveve Medical Inc
• Switch Sticks
• Campbell Posture Cane.

Global Walking CanesMarket: By MaterialSegment Analysis

• Wooden Walking Canes
• Plastic Walking Canes
• Metal Walking Canes
• Others (carbon fiber, glass fiber, etc.)

By End-Use Segment Analysis

• Aged Use
• Patient Use
• Decorative Use

Global Walking CanesMarket: Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • The U.K.
  • Rest of Europe

• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Southeast Asia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Key Business Pointers Addressed & Foremost Reasons to Procure the Report:

• Statistical Analysis of the Past, Current, and Future Trends of the Industry with Validated Market Sizes Data
• Direct and Indirect Rationales Impacting the Industry
• In-depth and Micro Analysis of Viable Segments and Sub-segments
• Companies and Vendors Market Share, Competitive Landscape, and Player Positioning Analysis
• Demand Side (Consumption) and Supply Side (Production) Perspective and Analysis wherever applicable
• Key Buyers and End-Users Analysis
• Value Chain and Manufacturing Cost Structure Analysis wherever relevant
• Key Marketing Strategies as well as Key Sales Channels adopted in the market
• Investment Opportunity Analysis & Patents Analysis wherever feasible
• Technological Road Map & Technical Analysis
• Robust Research Methodology comprising a dynamic mix (65%~35%) of Extensive Primary Research (primary interviews, ad-hoc surveys, questionnaires) and Protracted Secondary Research (proprietary in-house database, paid external databases, publically available validated sources)