Global Walking Canes Market Poised for Steady Growth, Driven by Aging Populations and Rise of Mobility Issues
-
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 2023-2032 (Allied Market Research).
-
Key growth drivers include the aging population, prevalence of mobility issues, increased awareness and accessibility, technological advancements, and rise in outdoor activities.
-
By material, the wooden segment accounted for the largest market share in 2022 with over 40% due to demand for customizable and eco-friendly canes.
-
By end use, the aged use segment held over 50% market share in 2022 driven by canes enabling seniors to maintain independence and active lifestyles.
-
North America held the largest regional market share in 2022 accounting for a third of revenue due to a substantial aging population and higher prevalence of conditions requiring mobility aids.