Walking Assist Devices Market study has market attractiveness analysis, wherein each segment is benchmarked based on its market size, growth rate, and general attractiveness. The industry report is based on the market type, organization size, availability on-premises and the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. It divulges the nature of demand for the firm’s product to know if the demand for the product is constant or seasonal. The info covered in Walking Assist Devices Market report lends a hand to businesses know how patents, licensing agreements and other legal restrictions affect the manufacture and sale of the firm’s products.
The top notch Walking Assist Devices Market report gives CAGR value fluctuation during the forecast period of 2021-2028 for the market. Important industry trends, market size, market share estimates are analysed and mentioned in the report. This report helps the firm in exploring new uses and new markets for its existing products and thereby, increasing the demand for its products. The market document provides an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. Report is comprehensive and opens a door of international market for the products.
Market Analysis: Global Walking Assist Devices Market
Global walking assist devices market is expected to rise to an estimated value of USD 8.35 billion by 2026 registering a steady CAGR in the forecast period of 2019-2026. This rise in the market can be attributed to the rising ageing population and the growing initiatives taken by government to ensure availability of walking assist devices.
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Global Walking Assist Devices Market By Product Type (Gait Belts & Lift Vests, Canes, Crutches, Walkers, Wheelchairs, Power Scooters), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Definition: Global Walking Assist Devices Market
Walking assist devices are mechanical devices that aid the patient by providing balance, assistance, strength and endurance to walk independently. It consists of rehabilitative, adaptive assistive devices for those who are physically disabled, allowing them to perform those tasks independently in which they previously needed help and assistance.
Key Market Competitors: Global Walking Assist Devices Market
Few of the major market competitors currently working in the global walking assist devices market are AlterG, Inc., Invacare Corporation, Permobil, Ossenberg GmbH, Electric Mobility Euro Ltd., Comfort, Levo AG Wohlen, GF HEALTH PRODUCTS, INC., Pride Mobility Products Corp., Ottobock, Honda Motor Co., Ltd., Sunrise Medical (US) LLC, C.T.M. HOMECARE PRODUCT, Inc., Medical Depot, Inc., MEYRA-ORTOPEDIA Vertriebsgesellschaft mbH, TAITRA, Karma Medical Products Co., LTD., Care Ltd., Besco Medical, Briggs Healthcare, NOVA Medical Products and Performance Health amongst others.
Key Developments in the Market:
- In January 2019, Honda Motors is set to launch a new and innovative walk assist device designed in collaboration with Ohio State University after it announced that they are conducting Phase II randomized controlled trials for the device. The product designed for those individuals who are suffering with Parkinson’s disease. Honda’s walk assist device will help those who have gait and balance issues. With this launch, it would revolutionize the walk assist market globally, by expanding its use and application.
- In April 2017, Toyota introduced a new robotic walk assist leg brace, Welwalk WW-1000, which would help those who are suffering with partial paralysis. It is placed on the affected leg, assisting the patients to walk. This smart robotic leg brace has an in-built sensor that knows exactly the level of support that the patients require at that point of time. This technological advanced device paves the way for a brighter future for walking assist devices.
Competitive Analysis: Global Walking Assist Devices Market
Global walking assist devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of walking assist devices market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- The rising prevalence of debilitating neurological diseases, rheumatoid arthritis, and osteoarthritis increases the demand for walking assist devices
- Rising demand for rehabilitation equipment prior performing surgeries
- Increase in the healthcare expenditure drives the demand for this market
- Technological improvements and innovations in walking assist devices would act as a catalyst to the growth of this market.
- Mobility issues/complications associated with the operations of these devices is expected to hinder the growth potential
- High cost of walking assists devices restrains the growth of this market
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Segmentation: Global Walking Assist Devices Market
By Product Type
- Gait Belts & Lift Vests
- Quad Canes
- Folding Canes
- Standard Walkers
- Rolling Walkers/Rollators
- Hemi Walkers
- Manual Wheelchairs
- Electric Wheelchairs
- Front Wheel Drive
- Center Wheel Drive
- Rear Wheel Drive
- Standing Power Wheelchairs
- Power Scooters
- Boot Scooters
- Road Scooters
- Pavement Scooters
- North America
- South America
- Middle East and Africa
Reasons to Purchase this Report
- Current and future of global walking assist devices market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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