Global Walking Assist Devices Market, Product Type (Gait Belts & Lift Vests, Canes, Crutches, Walker, Wheelchairs, and Power Scooters), Distribution Channel (Online, and Offline), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Walking Assist Devices Market
The walking assist devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.45% in the forecast period of 2021 to 2028. The growing of the ageing population will help in escalating the growth of the walking assist devices market.
Walking assist devices are robotic devices utilized for walking under the guidance of doctors and therapists.
Important factors that are expected to boost the growth of the walking assist devices market in the forecast period are the swift technological development in healthcare and the growing of the government initiatives to confirm accessibility of the walking assist devices to the geriatric population. Furthermore, the increasing demand for the walking assist devices because of the growing of prevalence of incapacitating neurological diseases and injuries amongst patients are one of the factors further anticipated to propel the growth of the walking assist devices market in the coming years. On the other hand, the increase in the cost related to the walking assist devices and some concerns regarding the walking assist devices are the factors responsible for impeding the growth of the walking assist devices market in the near future.
This walking assist devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on walking assist devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Walking Assist Devices Market Scope and Market Size
- The walking assist devices market is segmented on the basis of product type and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on the product type, the walking assist devices market is segmented into gait belts and lift vests, canes, crutches, walker, wheelchairs, and power scooters. Canes is further sub segmented into quad canes and folding canes. Walker is further sub segmented into standard walkers, rolling walkers and rollators and hemi walkers. Wheelchairs is further sub segmented into manual wheelchairs and electric wheelchairs. Electric wheelchairs is further sub segmented into front wheel drive, center wheel drive, rear wheel drive and standing power wheelchairs. Power scooters is further sub segmented into boot scooters, road scooters and pavement scooters.
- Based on the distribution channel, the walking assist devices market is segmented into online, and offline.
Walking Assist Devices Market Country Level Analysis
The walking assist devices market is analysed and market size insights and trends are provided by country, product type and distribution channel as referenced above.
The countries covered in the walking assist devices market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the walking assist devices market because of the augmented technical development and rise in the geriatric population. Furthermore, the increasing growth in the leasing product activities and the exhausting neurological diseases and injuries that may lead to growing utilization of walking assist devices will further boost the growth of the walking assist devices market in the region during the forecast period. Europe is projected to observe significant amount of growth in the walking assist devices market because of the rise in technological developments in the healthcare sector. Moreover, the expansion of new products that are equipped with gadgets is further anticipated to propel the growth of the walking assist devices market in the region in the coming years.
The country section of the walking assist devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The walking assist devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for walking assist devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the walking assist devices market. The data is available for historic period 2010-2019.
Competitive Landscape and Walking Assist Devices Market Share Analysis
The walking assist devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to walking assist devices market.
The major players covered in the walking assist devices market report are AlterG, Inc., Invacare Corporation., Permobil, Ossenberg GmbH, Electric Mobility Euro Ltd., Comfort Company, Levo AG, GF Health Products, Inc., Pride Mobility Products Corp., OTTOBOCK, Honda Motor Co., Ltd., Sunrise Medical, C.T.M. HOMECARE PRODUCT, Inc., Medical Depot, Inc., MEYRA GmbH, TAITRA, Karma Medical Products Co., LTD., Care Ratings Limited., Besco Healthcare Co., LTD., Briggs Healthcare, NOVA Medical Products., Performance Health, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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