Global Walking Assist Devices Market Analysis By Focusing On Top companies like AlterG, Inc., Invacare Corporation, Permobil, Ossenberg GmbH, Electric Mobility Euro Ltd., Comfort, Levo AG Wohlen, GF HEALTH PRODUCTS, INC., Pride Mobility Products Corp

The information, statistics, facts and figures included in this Global Walking Assist Devices Market report assists companies with maximizing or minimizing the production of goods depending on the conditions of demand. Furthermore, this market report also offers a profound overview of product specification, technology, product type and production analysis by taking into account most important factors such as Revenue, Cost, Gross and Gross Margin. This Global Walking Assist Devices Market research report comprises of the most important market insights that takes your business to the highest level of growth and success. This market report provides categorization by companies, region, type and end-use industry.

Market Analysis:

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.

Market Drivers

• 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.

Market Restraints

• 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
• Canes
o Quad Canes
o Folding Canes
• Crutches
• Walker
o Standard Walkers
o Rolling Walkers/Rollators
o Hemi Walkers
• Wheelchairs
o Manual Wheelchairs
o Electric Wheelchairs
 Front Wheel Drive
 Center Wheel Drive
 Rear Wheel Drive
 Standing Power Wheelchairs
• Power Scooters
o Boot Scooters
o Road Scooters
o Pavement Scooters
By Geography
• North America
• South America
• Europe
• Asia-Pacific
• 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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