Steady Advancement Foreseen in Gait Trainer Sector, Anticipated to Reach US$ 456.3 Million by 2028 | FMI Reports
The Global Gait Trainer Market is projected to grow at a steady CAGR of 4.9% throughout the forecast period. Based on the latest industry analysis by Future Market Insights, the market is expected to reach a value of US$ 342.7 million in 2022 and US$ 456.3 million by the close of 2028.
Factors such as the rapid expansion of the elderly population, an uptick in the prevalence of chronic illnesses such as cancer and cardiovascular disease, heightened patient awareness, and substantial investments in clinical innovation are fueling growth in the global healthcare industry. Proactive measures to promote healthcare cost containment, improve primary care delivery, foster medical procedure innovation (including 3-D printing, blockchain, and robotic surgery), ensure safe and effective drug delivery, and establish well-defined healthcare regulatory compliance models are among the initiatives aimed at driving the sector towards a high-growth trajectory in key regional markets.
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FMI adopts a triangulation methodology to provide accurate and precise market estimations and insights for various medical devices and technologies. This approach primarily relies on patient-level data, the number of procedures, and the capital equipment installation base obtained through experimental techniques. The bottom-up approach is always used to obtain country-specific data and then analyzed to generate global data. This ensures the data’s high quality and accuracy.
In the initial stage, secondary research is conducted to determine the feasibility of the target products/technology categories, segments, product offerings, usage patterns, device lifespan, reimbursement scenarios, adoption rates, and future impact of new technologies. Each piece of information is meticulously analyzed to create a solid foundation for primary research.
Primary research involves the participation of demand-side users, including key opinion leaders, physicians, and surgeons, and supply-side providers of medical devices. These stakeholders provide valuable insights on trends, key treatment patterns, adoption rates, purchasing patterns, technological advancements, patient education, manufacturer effectiveness, pricing, and competitive dynamics. This information is further analyzed throughout the research project to ensure comprehensive and accurate market insights.
To project Year-on-Year (Y-o-Y) growth rates for the market, we conduct a quantitative and qualitative assessment of the fundamental factors driving demand, economic factors and cycles, and growth rates, as well as the strategies used by key players. These Y-o-Y growth projections are adjusted and aligned according to industry/product lifecycle and utilized to develop holistic market numbers.
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Additionally, we analyze the annual reports, investor presentations, SEC filings, 10k reports, and press releases of various companies operating in this market segment to obtain detailed information on market size, trends, opportunities, drivers, restraints, key players, and their market shares. These key companies are classified into tiers based on their revenue, product portfolio, and market presence.
It’s important to note that these are only the initial steps in developing the market size. In addition to disease-related factors, we use our internal proprietary model for forecasting, which takes into account various macroeconomic factors such as per capita healthcare expenditure, disposable income, industry-based demand driving factors, and their impact on the market forecast trends.
The global gait trainer market has been segmented on the following basis:
- Rehabilitation Center
- Homecare Setting
- Gait Trainer Walker
- Treadmill System
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 6-years.
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