Walking Assist Devices Market Size, Growth, Industry Demand and Forecast 2028

Due to factors such as the rise in the number of measures implemented by governments of different countries to ensure the accessibility of walking assist devices to a large customer base, the increase in ageing population, and the growing occurrence of Crippling Neurological Disorders & Accidents, the global market is projected to see growth in the coming years. In addition, developments in the patient population and increasing advances in technology and commodity leasing are also expected to fuel business demand. The cost of purchasing walking assistance equipment, however, is high.

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Rheumatoid arthritis and osteoarthritis, an increased prevalence of debilitating neurological diseases, have contributed to the increased percentage of the population with walking disabilities. As a result, the market for walking aid systems is growing across the globe. In addition, the growing geriatric population has also been a significant contributor to the demand for global walking assistance products. Growing healthcare investment and government support for the production of health-enhancing robotics are both adding significantly to worldwide industry growth.

Growth Drivers that Support the Global Walking Assist Devices Market:

• In response to the growth of the geriatric community, federal programs such as special incentives for disabled persons are being provided for the purchase of assistive walking aids and well-structured hospitals, and social care sectors have contributed to the domination of the industry in North America.

• Increases in the rate of obesity and geriatric populations, government support for the promotion and purchase of these devices and an increase in the population's spending capacity are the reasons for the high demand for assisted walking devices in Europe.

• This growth in demand for walking devices among the geriatric community is largely due to the advantages associated with it, such as the availability of equilibrium, help and empowerment scope and the ability to live independently made possible by assistive walking devices.

• There has also been a rise in demand for assistive walking equipment due to the role it plays in improving the lives of visually disabled people.

• The industry leading segment of walkers is that it helps to walk comfortably and comfortably, minimizes pain and fatigue while walking, offers broader protection relative to other devices and its the potential to carry heavy weight.

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Companies are Keen to Expand their Foot Print in the Global Market

• In January 2019, after confirming that they are performing Phase II randomized controlled trials for the device, Honda Motors is expected to announce a new and innovative walk assist device developed in partnership with Ohio State University. The product is intended for people suffering from Parkinson's disease. The Honda walk assist system can assist people who have trouble with gait and balance. It will revolutionize the walk assist industry internationally with this introduction, by widening its use and use.

• In April 2017, Toyota unveiled a new Welwalk WW-1000 robotic walk assist leg brace, which will benefit people suffering from partial paralysis. It is put on the leg that is affected, allowing people to walk. This smart robotic leg brace has an in-built sensor that knows precisely the amount of assistance needed at that time by patients. This highly innovative product paves the way for walking aid systems to have a better future.

Major companies functioning in the global Walking Assist Devices market are Permobil Inc., Honda Motor Co., Ltd., GF Health Products, Inc., Besco Medical Co., LTD., Invacare Corporation, Betterlifehealthcare Ltd.

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Market Segmentation:

By Product Type:
• Gait Belts & Lift Vests
• Canes
• Crutches
• Walker
• Wheelchairs
• Power Scooters

By Region:

North America
o North America, by Country
 US
 Canada
 Mexico
o North America, by Product Type

Western Europe
o Western Europe, by Country
 Germany
 UK
 France
 Italy
 Spain
 The Netherlands
 Rest of Western Europe
o Western Europe, by Product Type

Asia Pacific
o Asia Pacific, by Country
 China
 India
 Japan
 South Korea
 Australia
 Indonesia
 Rest of Asia Pacific
o Asia Pacific, by Product Type

Eastern Europe
o Eastern Europe, by Country
 Russia
 Turkey
 Rest of Eastern Europe
o Eastern Europe, by Product Type

Middle East
o Middle East, by Country
 UAE
 Saudi Arabia
 Qatar
 Iran
 Rest of Middle East
o Middle East, by Product Type

Rest of the World
o Rest of the World, by Country
 South America
 Africa
o Rest of the World, by Product Type

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This release was published on openPR.