Press release
Walking Assist Devices Market Is Expected To Rise At A CAGR Of 2.6% To Reach US$ 7.4 Billion By 2027
Sales of walking assist devices are booming thanks to growing activities by key businesses. Demand for assistive walking aids is also being driven by neurological illnesses and traumas. The number of elderly people is increasing, which causes disability and knee weakness. Balance, support, and ultimately the capacity to live independently are provided by walking aids.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.factmr.com/connectus/sample?flag=S&rep_id=7754
When used under the guidance of therapists and medical professionals, walking assist devices help injured individuals walk more easily. Basic design features include a light bodyweight and two or four wheels to assist users when they are walking. Rising prevalence of rheumatoid and osteoarthritis, soaring need for rehabilitation equipment, and rapid increase in the elderly population are the major drivers of the walking assist devices market.
Demand for walking assist devices is increasing as governments have raised healthcare spending and financing for technological integration, such as the usage of robots in walking assist devices to help patients. Older people have a higher probability of becoming impaired. The geriatric population can engage in all parts of life to the same level or the same extent as everyone else thanks to developments in mobility equipment. People can reach their full potential at work with improved mobility and these solutions can also support them in extending their mobility.
Key Takeaways from Market Study
โข The global walking assist devices market is predicted to reach US$ 7.4 billion by 2027.
โข Market in Canada is projected to evolve at a CAGR of 2% over the forecast period.
โข Market in Germany is forecasted to rise at a CAGR of 1.5% through 2027.
โข Demand for gait belts & lift vests is predicted to increase at a CAGR of 2.8% from 2022 to 2027.
Competitive Landscape
Key players in the walking assist devices market are actively involved in the production of innovative mobility devices for walking that will have a significant impact on the quality and longevity of the devices, influencing market expansion.
For instance:
โข In 2022, Cionic introduced bionic clothes to assist patients with walking issues caused by neurological disorders such as multiple sclerosis, Parkinson's disease, and cerebral palsy.
๐๐ก๐๐ซ๐ ๐๐จ๐ฎ๐ซ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ & ๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ- https://www.factmr.com/connectus/sample?flag=RC&rep_id=7754
Walking Assist Devices Market: Major Key Players
โข Levo AG
โข MEYRA GmbH
โข Ossenberg GmbH
โข Permobil
โข Drive Medical
โข Besco Medical Limited
โข Betterlifehealthcare Ltd.
โข Comfort Orthopedic Co., Ltd.
โข Electric Mobility Euro Ltd.
โข GF Health Products, Inc.
โข Invacare Corporation
โข Karma Healthcare Ltd.
โข Otto Bock Australia Pty. Ltd.
โข Pride Mobility Products Corporation
Key Segments in Walking Assist Devices Industry Research
By Product Type :
โข Gait Belts & Lift Vests
โข Canes
โข Crutches
โข Walkers
โข Wheelchairs
โข Power Scooters
By Distribution Channel :
โข Online
โข Offline
By Region :
โข North America
โข Europe
โข Asia Pacific
โข Latin America
โข Middle East & Africa
๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ: https://www.factmr.com/checkout/7754
Winning Strategy
Key companies continuously release updates and new product specifications to maintain a competitive edge in the market. Top market players use a variety of strategies, such as product launches, partnerships, and the introduction of advanced technology to increase their market shares and output.
Major market participants are focused on product innovations in assisted walking devices and expanding their supply network and distribution channels.
For instance,
โข In 2021, Panasonic Corporation produced a mass-production prototype of their Walk Training Robot, which is designed to teach senior citizens how to walk safely and effectively. To assist those who are unable to walk but desire to lead better lives, Panasonic engaged in creating and showcasing AI-powered robotic walking training systems.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the global walking assist devices market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2027.
The study divulges essential insights on the market on the basis of product type (gait belts & lift vests, canes, crutches, walkers, wheelchairs, power scooters) and distribution channel (online, offline), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐ ๐๐๐ญ.๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก: https://www.globenewswire.com/news-release/2022/10/03/2526452/0/en/Sales-of-Laparotomy-Sponges-Are-Projected-to-Reach-a-Market-Size-of-US-1-6-billion-By-2027-Radiopaque-Laparotomy-Sponges-Widely-Used-in-Thoracic-Surgical-Procedures-Report-Fact-MR.html
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