Walking Assist Devices Market To Witness Massive Growth | Competitive Outlook AlterG, Inc., Invacare Corporation, Permobil, Ossenberg GmbH, Electric Mobility Euro Ltd., Comfort
Walking Assist Devices Market report provides CAGR value fluctuation in percentage during the forecast period of 2021-2028 for the market. SWOT analysis has been used throughout the report which helps emphasize on the global key manufacturers, market definition, description, and analysis of the market competition landscape. With the study of competitor analysis, industry can get knowhow of the strategies of key players in the market that includes but are not limited to new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. The promotional Walking Assist Devices Market report holds a massive importance when it comes to market definition, classifications, applications and engagements.
Key data and information used while preparing the large scale Walking Assist Devices Market report has been collected from the consistent sources that range from journals, websites, research papers, case studies, and magazines. Competitor strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions can be utilized well by the industry to take better steps for selling goods and services. Walking Assist Devices Market report is an analytical estimation of the key challenges in terms of sales, export/import, or revenue that an organization may have to face in the coming years.
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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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.
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
Key Market Competitors:
Electric Mobility Euro Ltd.,
Levo AG Wohlen,
GF HEALTH PRODUCTS, INC.,
Pride Mobility Products Corp.,
Honda Motor Co., Ltd.,
Sunrise Medical (US) LLC,
C.T.M. HOMECARE PRODUCT, Inc.,
Medical Depot, Inc.,
MEYRA-ORTOPEDIA Vertriebsgesellschaft mbH,
Karma Medical Products Co., LTD.,
NOVA Medical Products and Performance Health
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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- 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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