According to a new report published by Allied Market Research, titled, “Cam Walker Market,” The cam walker market size was valued at $320.10 million in 2021, and is estimated to reach $498.9 million by 2031, growing at a CAGR of 4.5% from 2022 to 2031.
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The global CAM walker market gained momentum due to a rise in foot and ankle-related issues such as Lisfranc injury, metatarsal stress fracture, toe fracture, acute ankle sprains, and other injuries. CAM walker is also designed for post-surgery patients because it is necessary to reduce swelling and pain and improve the healing time of the injury. Apart from medical-related issues, sports enthusiasts, long-distance runners, military combats, and others who perform outdoor high-intensity workout activities are increasingly suffering from ankle sprains, stress fractures, and other injuries which are expected to fuel the cam walker market growth of the market in the upcoming year. There is an increase in the recommendation of CAM walkers for post-surgery patients by the physician in developed countries such as the US, Canada, and other countries owing to a reduction in swelling and reduced time for the healing process post-injury. Cam walker market trends in developed countries are expected to create more opportunities for the new market player in the upcoming year.
The impact of the COVID-19 pandemic on the CAM walker industry was moderate, due to major countries worldwide enacted foot prohibitions and work stoppage orders. So apart from medical supplies and life support products, most industries have been severely impacted, including the CAM walker market analysis. In addition, trade restrictions and travel restrictions hindered the growth of the global market.
Major product manufacturers are launching strategic initiatives to raise brand visibility and product awareness among key end users (such as medical professionals, patients, and physiotherapists) in major healthcare markets around the globe. Companies in the CAM walker are pursuing a hybrid distribution strategy in which distribution occurs both through distribution channels and through partnerships with global orthopedic companies. Manufacturers have also adopted a consignment model, according to which the company first places the systems with its customers and then makes sales based on implant implementation which is expected to create more cam walker market opportunities. Such initiatives by major product manufacturers are expected to raise brand awareness among target end-users while also educating them on their role in preventive care.
According to market analysis, the market is segmented on the basis of type, size, end user, distribution channel, and region. By type, the market is classified into air CAM walker and non-air CAM walker. Among these, the non-air CAM walker segment occupied the major share of the market in 2021, and is projected to maintain its dominance during the cam walker market forecast period. The air CAM walker segment is anticipated to grow at the highest CAGR in the future.
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By end user, the market is segmented into children and adults. The adult segment is anticipated to grow at the highest rate during the forecast period, owing to the number of foot injuries in many countries. Moreover, a rise in awareness about medical footwear and an increase in the number of foot injuries among the aged population is expected to increase the demand for CAM walker trends in the upcoming years.
By distribution channel, the market is further segmented into medical and pharmacy stores, specialty stores, and online retails. The medical and pharmacy stores segment held the major cam walker market share, and is projected to maintain its dominance during the forecast period. The online retail segment is anticipated to grow at the highest CAGR in the future.
In 2021, North America accounted for more than half the share of the global CAM walker market and is expected to maintain its dominance during the forecast period. Moreover, Asia-Pacific and LAMEA are expected to possess the highest CAGRs, owing to the surge in demand for non-air CAM walker forecast. Furthermore, an increase in per capita income, as well as an increase in per capita health expenditure of the consumers, have resulted in the launch of new products and the entry of new players in the market during the forecast period.
The impact of the COVID-19 pandemic on the CAM walker market was moderate, due to major countries worldwide enacted foot prohibitions and work stoppage orders. So apart from medical supplies and life support products, most industries have been severely impacted, including the CAM walker industry. In addition, trade restrictions and travel restrictions hindered the growth of the market.
The key players profiled in the market analysis are Braceability, Deroyal Industries, Inc., Dynatronics Corporation, Enovis, Orthofix Medical Inc, Össur, Ottobock, Dynamic Techno Medicals, Thuasne, And Trulife.
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Key findings of the study
- By type, the non-air CAM walker segment was the major segment of the market in 2021, and is anticipated to grow at a significant CAGR of 4.7% during the forecast period.
- By size, the short segment is expected to witness growth at CAGR of 4.3%, in terms of value, during the forecast period.
- By end user, the adult segment is anticipated to witness growth at a CAGR of 4.7% during the forecast period.
- By distribution channel, the online sales channel segment is anticipated to grow at a CAGR of 5.4% during the forecast period.
- By region, North America was the dominant region in 2021, occupying a major share of the market.
- By region, Asia-Pacific registered the highest growth rate in 2021 and is expected to grow at a CAGR of 5.3% during the forecast period.
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