Global Walking Assist Devices Market Size By Product Type (Gaits Belts And Lift Vests, Canes, Crutches, Walkers), By Geographic Scope And Forecast
Report ID: 69257|No. of Pages: 202
Global Walking Assist Devices Market Size By Product Type (Gaits Belts And Lift Vests, Canes, Crutches, Walkers), By Geographic Scope And Forecast
Walking Assist Devices Market Size And Forecast
Walking Assist Devices Market size was valued at USD 7.39 Billion in 2020 and is projected to reach USD 10.18 Billion by 2028, growing at a CAGR of 4.10% from 2021 to 2028.
The Trends inpatient community & increasing technological advancements & product leasing are also expected to drive the growth of the market. However, the cost of purchase of walking assist devices is high. The Global Walking Assist Devices Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=69257
Global Walking Assist Devices Market Definition
The Walking Assist Device features a function to influence the user to achieve efficient walking based on the inverted pendulum model, which is a theory of bipedal walking, & is designed as a device to be used in the training of walking. Walking aids are sometimes also referred to as ambulatory assistive devices. A walking aid is one of the various devices a patient may be issued in order to improve their walking pattern, balance, or safety while mobilizing independently.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=69237
Global Walking Assist Devices Market Overview
The global market is expected to witness growth in the coming years, owing to factors such as the rise in the number of initiatives undertaken by governments of several countries to ensure the availability of walking assist devices to a huge consumer base, the increase in the aging population, & rising incidences of Debilitating Neurological Diseases & Injuries.
Moreover, the trends inpatient community and increasing technological advancements & product leasing are also expected to drive the growth of the market. However, the cost of purchase of walking assist devices is high. According to the Centers for Diseases Control and Prevention, a number of adults are unable to walk a mile. In addition, the rising cases of rheumatoid arthritis are also driving the Walking Assist Devices Market in the country.
Global Walking Assist Devices Market: Segmentation Analysis
The Global Walking Assist Devices Market is segmented based on Product Type and Geography.
Walking Assist Devices Market, By Product Type
• Gaits Belts & Lift Vests,
• Canes
• Crutches
• Walkers
• Wheelchairs
• Power scooters
Based on Product Type, the market is bifurcated into Gaits Belts & Lift Vests, Canes, Crutches, Walkers, Wheelchairs, Power scooters.
Walking Assist Devices Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
On the basis of regional analysis, the Global Walking Assist Devices Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is expected to hold the largest market share in the forecast period. The attendance of significant players such as Honda Motor Co., Ltd. and Permobil Inc. will boost the market growth with the help of incorporating technological advancements in the product portfolio. Increased disbursements of enterprises in Research and Development would expand the market growth across the region.
Key Players
The “Global Walking Assist Devices Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Honda Motor Co., Ltd., Permobil Inc., GF Health Products, Inc., Invacare Corporation, Besco Medical Co., LTD., Betterlifehealthcare Ltd., C.T.M. Homecare Product, Inc., Ottobock, Ossenberg GmbH, Pride Mobility Products Corp., Aetna Inc., Sunrise Medical (US) LLC, and Karma Healthcare Ltd..
The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
Partnerships, Collaborations and Agreements
• Honda’s walking assist gadget has been approved by the European Union as a mobility aid for unwell people who have difficulty walking. This walking assist device reduces the load on the user’s legs, resulting in less intense weariness.
• The Michael J. Fox Foundation (MJFF) awarded Honda R&D Americas, Inc. and The Ohio State University a grant in February 2020 to explore the safety and possible positive impact of Honda’s Walking Assist Device in helping persons with Parkinson’s disease (PD).
Product Launches and Product Expansions
• The Walking Assist Device, a partial exoskeleton designed to assist persons who have difficulty moving unassisted, was approved for release in 2019 by US regulators. The FDA granted Premarket Notification to the wearable robotic device after clinical testing showed it can greatly aid recovery.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2028 |
| Base Year | 2020 |
| Forecast Period | 2021-2028 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Honda Motor Co., Ltd., Permobil Inc., GF Health Products, Inc., Invacare Corporation, Besco Medical Co., LTD., Betterlifehealthcare Ltd., C.T.M. Homecare Product, Inc., Ottobock, Ossenberg GmbH, Pride Mobility Products Corp., Aetna Inc., Sunrise Medical (US) LLC, and Karma Healthcare Ltd.. |
| Segments Covered |
|
| Customization Scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Top Trending Reports
Global Aluminum Caps for Packaging Market Size And Forecast
Global Casino Management Systems Market Size And Forecast
Research Methodology of Verified Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post sales analyst support
Customization of the Report
In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
