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2022
Walking Assist Devices Market

Walking Assist Devices Market: Global Opportunity Analysis and Industry Forecast, 2022-2029 Market

Report Code: A07519
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Nov 2022 | 1236 Views
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COVID-19

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Walking assist devices market is expected to witness growth in upcoming years due to factors such as rise in number of initiatives taken by the government of different countries for availability of walking assist devices and increase in geriatric population across the world.

Walking-Assist-Devices

Walking assist devices includes assistance technology. It provides rehabilitation, assistive and adaptive devices for the people suffering from physical disabilities. Walking assist device helps the patients to carry out the work independently when the patients are unable to complete or have difficulty in doing any work. The technology gives the processor changes methods to carry out the functions for devices. Walking assist devices are robotic devices which are used by disabled patients for assistance in walking under guidance of therapists and doctors.

Market scope and structure analysis:

               Report Metric

                                                    Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Product, End User and Region.

  

 

 

 

 

 

 

 

 

COVID-19 scenario analysis:

To take care of infected population, the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Considering these factors, COVID -19 is expected to have significant impact on Walking Assist Devices Market.

Top Impacting factors:

  • Factors such as rise in geriatric population across the world and increase in incidence of diseases like rheumatoid and osteoarthritis are expected to boost the growth for walking assist devices market.
  • Increase in initiatives taken by the government for availability of walking assist devices and advancements made in the technology are expected to boost the growth for the market.
  • Rise in healthcare expenditure and increase in demand for rehabilitation equipment before performing surgeries is expected to drive the growth for the walking assist devices market.
  • However, high cost of walking assist devices and complications associated with them are expected to hinder the growth for walking assist devices market up to some extent over the forecast period.

New Product Launch / News:

  • In 2019, Toyota launched the new version of its Welwalk WW-2000, a robot designed to provide rehabilitation support to individuals with lower limb paralysis as a result of stroke and other causes. The Welwalk WW-2000 upgrades the various features of the prior model (the Welwalk WW-1000), namely the rehabilitation support functions based on motor learning theory and the ease of use in clinical settings.
  • In 2019, Honda’s Walking Assist Device, a partial exoskeleton to help those with difficulties moving unsupported, has been given the green-light for release by the U.S. regulators. The wearable robotic gadget was given Premarket Notification by the U.S. FDA, after clinical trials helped demonstrate it can significantly help in rehabilitation.
  • In February 2020, Honda R&D Americas, Inc. and The Ohio State University got awarded a grant by The Michael J. Fox Foundation (MJFF) to research the safety and potential positive impact that Honda’s Walking Assist Device could have in helping people with Parkinson’s disease (PD).

 

Key benefits of the report:

  • This study presents the analytical depiction of the walking assist devices market along with the current trends and future estimations to determine the investments.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the walking assist devices market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed walking assist devices market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Walking Assist Devices Market Report:

  • What are the leading market players active in Walking Assist Devices Market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
  • What Segments and region will drive the walking assist devices market growth & why?

Walking Assist Devices Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights

Aspects Details
By Product
  • Gaits Belts & Lift Vests
  • Canes
    • Quad Canes
    • Folding Canes
  • Crutches
  • Walkers
    • 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 End Users
  • Hospitals
  • Non-Hospitals
By Region
  • North America  (US, Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Italy, rest of Europe)
  • Asia-Pacific  (China, India, Japan, Australia, rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, rest of LAMEA)
Key Market Players Honda Motor Co., Ltd., Permobil Inc., GF Health Products, Inc., Invacare Corporation, Besco Medical Co., LTD., Betterlifehealthcare Ltd., C.T.M. Homecare Product, Inc., Ottobock, Ossenberg GmbH, Pride Mobility Products Corp., Aetna Inc., Sunrise Medical (US) LLC, Karma Healthcare Ltd.
 

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