Global Walking Assist Devices Market 2020-2027 | Know about Emerging Growth with Top Players like AlterG, Inc., Invacare Corporation, Permobil, Ossenberg GmbH, Electric Mobility Euro Ltd

Global Walking Assist Devices Market report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios. This report contains explanation to what market definition, classifications, applications, engagements and market trends are, and also points at all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market whose company profiles are included in the report.

The Global Walking Assist Devices Market is expected to grow at a substantial Compound Annual Growth Rate (CAGR) during the forecast period 2020-2027. The Global Walking Assist Devices Market research report is a resource, which provides current as well as upcoming technical and financial details of the industry to 2027. It covers major manufacturers, suppliers, distributors, traders, customers, investors and major types, major applications.

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. 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.

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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.

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
Quad Canes
Folding Canes
Crutches
Walker
Standard Walkers
Rolling Walkers/Rollators
Hemi Walkers
Wheelchairs
Manual Wheelchairs
Electric Wheelchairs
Front Wheel Drive
Center Wheel Drive
Rear Wheel Drive
Standing Power Wheelchairs
Power Scooters
Boot Scooters
Road Scooters
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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