Walking Assist Devices Market Worldwide Industry Analysis and New Opportunities Explored By 2021

Walking Assist Devices Market with COVID-19 Impact by Component, Application, Services, and Region- Forecast to 2027

The Walking Assist Devices market size was US$ 165.7 million and it is expected to reach US$ 370.9 million by the end of 2027, with a CAGR of 12.2%

According to the new Walking Assist Devices market research report 2021-2027 is easy to understand the detailed analysis. The report published by Market Insights Reports represents the context of current and future trends driving global Walking Assist Devices market growth. The research report is thoroughly compiled to assist the clients in gaining insights (upcoming identifiers).

The report moreover comprises of the market drivers which provides a SWOT and PEST analysis of the Walking Assist Devices market. The Research presents a complete assessment of the Walking Assist Devices Market and contains a future trend, current growth factors, focused opinions, details, and industry certified market data.

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The global market is expected to witness growth in the coming years, owing to factors such as the increase in the number of initiatives undertaken by governments of various countries to ensure availability of walking assist devices to a huge consumer base, rise in aging population, and increasing incidences of Debilitating Neurological Diseases & Injuries. Moreover, the trends in patient community and growing technological advancements & product leasing are also expected to drive the growth of the market. However, cost of purchase of walking assist devices is high.

Market Overview

The walking assist devices market is expected to register a CAGR of 4.7% during the forecast period. The key factors propelling the market are the increasing incidences of rheumatoid and osteoarthritis, surging demand for rehabilitation equipment, and the steep rise in the aging population.

The rise in the elderly population has led to the growth of the walking assist devices market. According to the World Health Organization (WHO) 2020 report, the prevalence of rheumatoid arthritis varies between 0.3% and 1% and is more common in women and in developed countries. Moreover, within 10 years of the onset of the disease, at least 50% of patients in developed countries seemed unable to hold down a full-time job.
Furthermore, the increasing prevalence of debilitating neurological diseases, rheumatoid arthritis, and osteoarthritis have been contributing to the increased percentage of the population with a disability to walk.
Therefore, as the geriatric population is growing, the demand for walking assist devices is also rising across the world. Also, the walking assist devices provide balance, support, and ultimately, the subsequent ability to survive independently. The aforementioned factors are responsible for the increasing geriatric population getting attracted to these devices.
Furthermore, the rise in healthcare expenditure and funding by the government for the development of robots to improve health are also significantly contributing to the market growth across the world.

Market Research Analysis on Walking Assist Devices

Top Companies in the Global Walking Assist Devices Market are - , Invacare, Ossenberg, Besco Medical, Drive Medical, Betterlifehealthcare, Electric Mobility Euro, Meyra, Sunrise Medical, Comfort Orthopedic, Levo, Ottobock, Permobil, GF Health Products, Karma Health Care, Honda Motor, Pride Mobility Products, etc.,

Global Walking Assist Devices Market based on Types are-

Gaits Belts and Lift Vests, Canes, Crutches, Walkers, Wheelchairs, Others, etc.

Based on Application, the Global Walking Assist Devices Market are divided into-

Healthcare Institutions (Hospitals, Medical Schools, and Governing Bodies), Nursing Home, Other, etc.

Illustrative segmentation and forecast of the market based on offering, component, end user, and region have been conducted to give an overall view of the Walking Assist Devices market. A value chain analysis has been performed to provide; In-depth insights into the Walking Assist Devices market ecosystem.

Geographic Coverage On Walking Assist Devices Market-

Market Research, demand and consumption patterns in the global Walking Assist Devices market by breaking it into region-wise assessment. The following regional segments are covered comprehensively:

North America
Asia Pacific
Europe
South America
Middle East & Africa

Prime Takeaways On Walking Assist Devices Market:

Value chain analysis, which is combined with competitive landscape of key players of the Walking Assist Devices market.
Market size and forecast of the Walking Assist Devices market for the period from 2021 to 2027.
Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials.
CAGR% for individual segments in various regional markets for a period from 2021 to 2027.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements in Walking Assist Devices market:

Customer Experience Maps
Insights and Tools based on data-driven research on Walking Assist Devices
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey in Walking Assist Devices

Reasons for purchasing this Report-

Market Research relies on industry-wide databases for both regional and global authentic data, which enables the team to decipher the precise trends and existing scenario in the Walking Assist Devices
The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored in to ultimately get accurate results.
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Customer Satisfaction: Our team of research analysts will accommodate all your research needs and customize the Walking Assist Devices report accordingly.

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