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The clinical rollators market share is expected to increase by USD 70.26 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.37%.
This clinical rollators market research report extensively covers market segmentation by product (4-wheeler rollators and 3-wheeler rollators) and geography (North America, Europe, Asia, and Rest of World (ROW)).
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The clinical rollators market report also offers information on several market vendors, including Aidacare, Alpha Medical Solutions Pty. Ltd., AMG Medical Inc., Besco Medical Ltd., Better Mobility Ltd, Bios Medical, Compass Health Brands, DeVilbiss Healthcare GmbH, GF Health Products Inc., Human Care HC AB, Invacare Corp., John Preston Healthcare Group, Kosmochem Pvt. Ltd., Medline Industries Inc., NOVA Medical Products, Quest 88, Rollators Australia, Roma Medical, Shandong Sinorgmed Co. Ltd., and Sunrise Medical LLC among others. Furthermore, this report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
The growing number of chronic conditions is notably driving the clinical rollators market growth, although factors such as high cost of bariatric rollators may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the clinical rollators industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Clinical Rollators Market Driver
One of the key factors driving the global clinical rollators industry growth is the growing number of chronic conditions. According to the Centers for Disease Control and Prevention (CDC), arthritis affects 54.4 million US adults, which is more than one of four adults. Clinical rollators are mainly used by the geriatric population with medical conditions, such as knee problems and fragile bones. According to the CDC data that was published in October 2017, being overweight and obese are associated with an increased risk of cancer. The CDC stated that around 630,000 people in the US were diagnosed with cancer associated with overweight and obesity in 2014. Many companies are introducing new types of medical rollators based on the height, weight, and age of individuals. For instance, Quest 88 Rollators are developed for both adults and children. Such factors will support the market growth during the forecast period.
Key Clinical Rollators Market Trend
Technological advances is one of the key clinical rollators market trends that is expected to impact the industry positively in the forecast period. Advanced clinical rollators, such as lightweight rollators and rollators with comfortable sitting options, are always in demand because they provide better mobility options and reduce human efforts. Advances in products can be achieved by increasing the R&D expenditure and scaling up production facilities. For instance, the VTT Technical Research Center of Finland and Orton developed a smart rollator that helps the aging population. These rollators have sensors and digital software that analyzes a user's physical condition and daily activities. The development of advanced rollators will likely increase the demand in the market during the forecast period.
Key Clinical Rollators Market Challenge
One of the key challenges to the global clinical rollators industry growth is the high cost of bariatric rollators. The high cost of bariatric products hinders the growth of the market. Many individuals prefer other mobility aids, such as medical walkers and canes, over bariatric rollators because of their high cost and the lack of reimbursement. Some individuals also opt for refurbished clinical rollators. This can lead to a decrease in the adoption of new products available in the market. Thus, the high cost of bariatric rollators and the lack of reimbursement are expected to negatively impact product adoption in the market in the forecast years.
This clinical rollators market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the clinical rollators market encompasses successful business strategies deployed by the key vendors. The clinical rollators market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The clinical rollators market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Technavio categorizes the global clinical rollators market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the clinical rollators market during the forecast period.
Our report provides extensive information on the value chain analysis for the clinical rollators market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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36% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for clinical rollators in North America. Market growth in this region will be faster than the growth of the market in Rest of World (ROW).
The rise in the geriatric population, the presence of key vendors, the adoption of technologically advanced products, and the growing number of healthcare facilities, such as hospitals and clinics will facilitate the clinical rollators market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively impacted the growth of major industries, such as manufacturing and transportation. However, in the first half of 2021, manufacturing and supply chain activities resumed, owing to the initiation of vaccination drives in the region. Thus, the demand for clinical rollators in the region is expected to grow during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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