As per the research report, the size of the Asia Pacific Walking Assist Devices market is valued at USD 0.94 billion in 2019 and is anticipated to reach USD 1.24 billion by 2024 at 5.78% CAGR during the forecast period 2019 to 2024.
Walking Assist Devices is a device designed to assist walking or otherwise improve the mobility of people with a mobility impairment. There are various walking aids which can help people with impaired ability to walk and wheelchairs or mobility scooters for more severe disability or longer journeys which would otherwise be undertaken on foot. For people who are blind or visually impaired the white cane and guide dog have a long history of use. Other aids can help with mobility or transfer within a building or where there are changes of level. Traditionally the phrase " Walking Assist Devices " has applied mainly to low technology mechanical devices. The term also appears in government documents, for example dealing with tax concessions of various kinds. It refers to those devices whose use enables a freedom of movement similar to that of unassisted walking or standing up from a chair.
The walking assist devices market growth is driven by the increase in the geriatric population, rise in the instances of debilitating neurological diseases & injuries, and technological advancements & product leasing that have led to the increase in usage of walking assist devices. Moreover, the rise in government initiatives to ensure the availability of walking assist devices to the geriatric population in order to meet the demand is anticipated to fuel the Asia-Pacific walking assist devices market. However, the rise in the prevalence of neurological diseases is expected to boost the Asia-Pacific market in the future. However, high costs associated with walking assist devices and some issues related to walking assist devices may hinder the Asia-Pacific walking assist devices market growth.
This research report segmented and sub-segmented into the following categories:
The wheelchairs segment contributed the largest share in this market segment. The demand for the walking devices is increasing amongst the geriatric population mainly due to benefits, such as the provision of support, balance, and the subsequent ability to live independently. In addition, the demand for rehabilitation equipment is growing as a consequence of the significant role they play in bettering the lives of the physically-challenged.
The market in Asia-Pacific is expected to register the largest share of the market due to the rising rates of obese population, as a result of driving the procedure growth. The market growth is due to technological advancements and government support and along with a rise in the spending capacity population.
The Top companies leading in the APAC Walking Assist Devices Market profiled in the report are C.T.M. Homecare Product, Inc., Ottobock, Ossenberg GmbH, Honda Motor Co., Ltd., Permobil Inc., GF Health Products, Inc., Invacare Corporation, Besco Medical Co., LTD., Betterlifehealthcare Ltd., Pride Mobility Products Corp., Aetna Inc., Sunrise Medical LLC, and Karma Healthcare Ltd.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product Type
5.1.2 Gait Belts and Lift Vests
188.8.131.52 Quad Canes
184.108.40.206 Folding Canes
220.127.116.11 Canes Market, By Product Type
18.104.22.168 Standard Walkers
22.214.171.124 Rolling Walkers/Rollators
126.96.36.199 Hemi Walkers
"188.8.131.52 Walkers Market, By Product Type
184.108.40.206 Electric Wheelchairs
220.127.116.11 Wheelchairs Market, By Product Type
18.104.22.168.1 Front Wheel Drive
22.214.171.124.2 Center Wheel Drive
126.96.36.199.3 Rear Wheel Drive
188.8.131.52.4 Standing Power Wheelchairs
"184.108.40.206.5 Motorized/Electric Wheelchairs Market, By Product Type
"5.1.7 Power Scooters
"220.127.116.11 Boot Scooters
18.104.22.168 Road Scooters
22.214.171.124 Pavement Scooters
126.96.36.199 Power Scooters Market, By Product Type
5.1.8 Y-o-Y Growth Analysis, By Product Type
5.1. Market Attractiveness Analysis, By Product Type
5.1.10 Market Share Analysis, By Product Type
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Product Type
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product Type
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product Type
6.5 South Korea
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Honda Motor Co. Ltd.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Permobil Inc.
8.3 GF Health Products Inc.
8.4 Invacare Corporation
8.5 Besco Medical Co. LTD.
8.6 Betterlifehealthcare Ltd.
8.7 C.T.M. Homecare Product Inc.
8.9 Ossenberg GmbH
8.10 Pride Mobility Products Corp.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures