What is Walker Boots Market?
Walker boots are designed to provide physical support after fracture, sprains or surgery injury on foot, lower leg or ankle. The walker boots offer proper support without inhibiting mobility. Additionally, walker boots can act as a substitute for cast or it can be used in the early stage of cast removal. Growing incidences of the ankle, foot and lower leg injuries due to the increase in a number of road accidents can be act as a driver for the market. Also, new launches by the key players with new styles and latest features have been supplementing the market. However, lack of awareness about benefits associated with walker boots and high weight associated with walker boots are the major limiting factors in the operating market.
The market study is being classified by Type (Long Walker Boots and Short Walker Boots) and major geographies with country level break-up.
Thuasne (France), DJO Global (United States), SANTEMOL Group Medikal (Turkey), Conwell Medical (Taiwan), Otto Bock (Germany), Breg, Inc. (United States), Darco International (United States), Ergoactives (United States) and medi GmbH & Co. KG (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Solo Laboratories (United States) and MedicalExpo (France).
The global walker boots market was highly concentrated to very few players including Thuasne, DJO Global, SANTEMOL Group Medikal, Conwell Medical, Otto Bock, Breg, Inc., Darco International, and few others. Thus the market was showing strategic monopoly in the moderately competitive environment. However, with respect to minimal initial investments in walker boots manufacturing has favored the number of new entrants to gain market share from the local market. The global leaders business might be affected due to new entrants. Moreover, global leaders will continuously adopt strategic partnerships and technological developments to gain a competitive edge in a moderately competitive environmentThe Players having a strong hold in the market are Thuasne, DJO Global, SANTEMOL Group Medikal, Conwell Medical, Otto Bock, Breg, Inc., Darco International. Research Analyst at AMA predicts that European and United States Players will contribute to the maximum growth of Global Walker Boots market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Walker Boots market by Type, Application and Region.
On the basis of geography, the market of Walker Boots has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rising Incidences of Ankle, Foot and Lower Leg Injuries due to Increase in Number of Road Accidents
- High Comfort Associated with Walker Boots
Market Trend
- Rising Popularity of Walker Boots due to Launch of New Designs and Low Weight Walker Boots
- An Emergence of Smart Walker Boots with New Features
Restraints
- Lack of Awareness about Benefits Associated with Walker Boots
- Fluctuation in the Prices of Raw Material
Opportunities
- High Availability of the Product due to E-Commence Platform
- Increasing Research and Development Activities by Established Key Players
Challenges
- High Weight Associated with Walker Boots
- Intense Competition among key Players lead to High Pricing Wars
Key Target Audience
Walker Boots Manufacturers, Raw Material Suppliers, Suppliers and Distributors, Government Associations and Agencies, Private Research Organizations, Potential Investors and Others