In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
Request InsightsPurchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Request Insights
Beriatrics is the branch of medicine that trades with the causes, prevention and treatment of heavy weightiness. Obesity has turned out to be one of the key health alarms in the ongoing circumstances. One of the principle issues that corpulent individuals confront is an expanded exertion required for strolling and versatility and keeping up their general way of life autonomy. Owing to this, a substantial number of obese individuals are selecting to utilize the bariatric strolling helps. Bariatric hardware and supplies are intended for stout people. The significant attributes of bariatric walking aids are that they are intended to be stronger, solid and bigger in size. Bariatric walking aids have expanded weight limits; heavy duty supports and is more extensive in with the goal that fat people can fit in. The equipment are characterized as bariatric in the event that it has a 300-900 pound restrict, despite the fact that there is no or weight constrain indicated for bariatric gear.
Bariatric Walking Aids Market is anticipated to record a significant CAGR over the forecast period. Many multi-national companies are concentrating towards new product advances in Bariatric Walking Aids. Moreover, the increase in bariatric population due to changing lifestyles across the globe is expected to increase the market of bariatric walking aids during the upcoming years.Due to a rise in obese patients, the popularity of bariatric aids is increasing day by day. Hence, bariatric walking aids market is exhibiting sustained growth across the globe. The increase in disposable incomes across developing and developed countries is expected to increase the population of obese even further, thus behaving as a propelling factor for the bariatric walking aids market worldwide.On the basis of regional platform, global Bariatric Walking Aids market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
At present, North America is the largest and most lucrative market for bariatric mobility devices. The increasing ageing and obese population in the region is driving the growth in the bariatric walking aids market even further. Europe is the second largest market for bariatric mobility aid equipment.Asia-Pacific is expected to become lucrative bariatric walking aids market, owing to the rising economic prosperity in countries like India, China and South Korea coupled with an increase in the healthcare budgets along with an increase in the obese population.CLICK TO DOWNLOAD FREE SAMPLE
Our-in depth analysis of the global Bariatric Walking Aids market includes the following segments:
Global Bariatric Walking Aids Market is further classified on the basis of region as follows:
Proactive government interventions within the healthcare sector along with rise in disposable income, technological advancements and a growing obese population across the globe are some of the key drivers of the bariatric walking aids market. Bariatric walking aids are to a great extent utilized by corpulent people and utilization of such sort of devices is expanding in this section of the population. Then again, there has been a huge increment in the healthcare spending plans of United States, China and India and this is a noteworthy driving element of the bariatric walking aid market. Moreover, the fast innovative progressions combined with an escalated innovative research and development in the field of mobility aids and transportation gear has additionally animated the bariatric walking aids market. The ascent of per capita pay in the rising economies of India and China has further expanded the demand for bariatric walking aids.
However, cost constraints associated with these aids is one of the chief limitations affecting the global bariatric walking aids market as due to this people are not able to afford such costly equipment, especially in the developing countries. Furthermore, a low acceptance level owing to social stigma is also restraining the market growth of the personal mobility aid devices.
Overview of the Parent Market
Analyst View
Segmentation
The Global Bariatric Walking Aids Market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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