Walking Assist Devices Market By- Segmented By Product Type, Application, And Region - Global Growth, Trends, And Forecast -2023

Walking Assist Devices Market By- Segmented By Product Type, Application, And Region - Global Growth, Trends, And Forecast -2023

ID: 5073 | Pages: 185 | October 2018 | Region: Global


Walking Assist Devices Market Over View:

The Global Walking Assist Devices Market Size is anticipated to grow at 3.9% CAGR from 2018 to 2023 and it is estimated that the global market was valued at USD 5.86 billion in 2018 and is expected to reach USD 7.1 billion by 2023. The assistive technology comprises rehabilitative, assistive, and adaptive devices for people with disabilities. This technology provides them to complete a task independently where they are unable to accomplish or have great difficulty to do a task. This technology enhances the processor changes methods to deal with it. Walking assist devices are robotic devices used for walking under the guidance of doctors and therapists. The increasing geriatric population and increase in the technological advancements are some factors that have led to the growth of the global walking assist devices market. According to the World Health Organization (WHO), the global population in the age group of 60 years and above is anticipated to grow from 841 Million in 2013 to more than 2 Billion by 2050, which is more than double the population as of 2013.

The walking assist devices market growth is driven by the rise in geriatric population, increase in the instances of debilitating neurological diseases & injuries, and technological advancements & product leasing that have led to the rise in usage of walking assist devices. Moreover, increase in government initiatives to ensure availability of walking assist devices to the geriatric population in order to meet the demand is expected to fuel the global walking assist devices market. However, increase in the incidence of the neurological diseases is expected to boost the global market in future. Be that as it may, high cost associated with walking assist devices and some issues related to walking assist devices may hinder the global walking assist devices market growth.

The global Walking Assist Devices Market Segmentation by Product Type. On the basis of Product Type, it is segmented Gait Belts & Lift Vests, Canes, Crutches, Walker, Wheelchairs and Power Scooters. The wheelchairs segment contributed the largest share in this market segment. The demand for the walking devices is rising amongst the geriatric population mainly due to benefits, such as the provision of support, balance, and the subsequent ability to live independently. Moreover, the demand for the rehabilitation equipment is rising as a consequence of the significant role they play in bettering the lives of the physically-challenged.

Geography Analysis of market:

On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Middle East and Africa. The market in North America accounted for the largest share of the walking assist device followed by Europe. the rise in the rates of obese population have been driving the procedure growth but Europe-wide effort to cut the healthcare costs to reduce reimbursements, will compel patients to opt for alternative surgeries like Arthroscopic Debridement and MIS. The European market is growing due to the technological advancements and government support and along with increase in the spending capacity population. Asia-Pacific is anticipated to register the largest growth rate.

Key player in the market:

The Walking Assist Devices Market Leaders are 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 LLC, and Karma Healthcare Ltd.

1.Introduction                                                  

                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                                                           

                2.1 Introduction                                               

                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. Overview                                                       

                3.1 Executive Summary                                

                3.2 Key Inferences                                         

                3.3 Epidemology                                              

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                                             

                                5.1.1 Introduction                           

                                5.1.2 Gait Belts and Lift Vests                     

                                5.1.3 Canes                        

                                                5.1.3.1 Quad Canes        

                                                5.1.3.2 Folding Canes     

                                                5.1.3.3 Canes Market, By Product Type 

                                5.1.4 Crutches                  

                                "5.1.5 Walkers

"                             

                                                5.1.5.1 Standard Walkers             

                                                5.1.5.2 Rolling Walkers/Rollators              

                                                5.1.5.3 Hemi Walkers     

                                                "5.1.5.4 Walkers Market, By Product Type

"             

                                5.1.6 Wheelchairs                           

                                                5.1.6.1 Wheelchairs        

                                                5.1.6.2 Electric Wheelchairs        

                                                5.1.6.3 Wheelchairs Market, By Product Type    

                                                                5.1.6.3.1 Front Wheel Drive

                                                                5.1.6.3.2 Center Wheel Drive

                                                                5.1.6.3.3 Rear Wheel Drive

                                                                5.1.6.3.4 Standing Power Wheelchairs

                                                                "5.1.6.3.5 Motorized/Electric Wheelchairs Market, By Product Type

"

                                "5.1.7  Power Scooters

"                             

                                                "5.1.7.1 Boot Scooters

"             

                                                5.1.7.2 Road Scooters    

                                                5.1.7.3 Pavement Scooters         

                                                5.1.7.4 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 Introduction                                               

                                6.1.1 Regional Trends                    

                                6.1.2 Impact Analysis                     

                                6.1.3 Y-o-Y Growth Analysis                        

                                                6.1.3.1 By Geographical Area     

                                                6.1.3.2 By Product Type

                                6.1.4  Market Attractiveness Analysis                     

                                                6.1.4.1 By Geographical Area     

                                                6.1.4.2 By Product Type

                                6.1.5  Market Share Analysis                      

                                                6.1.5.1 By Geographical Area     

                                                6.1.5.2 By Product Type

                6.2 North America                                          

                                6.1.1 Introduction                           

                                6.1.2 United States                         

                                6.1.3 Canada                     

                6.3 Europe                                         

                                6.2.1 Introduction                           

                                6.2.2 U.K                             

                                6.2.3 Spain                         

                                6.2.4 Germany                 

                                6.2.5 Italy                            

                                6.2.6 France                       

                6.4 Asia-Pacific                                 

                                6.3.1 Introduction                           

                                6.3.2 China                         

                                6.3.3 India                          

                                6.3.4 Japan                         

                                6.3.5 Australia                   

                                6.3.6 South Korea                           

                6.5 Latin America                                             

                                6.4.1 Introduction                           

                                6.4.2 Brazil                          

                                6.4.3 Argentina                

                                6.4.4 Mexico                     

                                6.4.5 Rest of Latin America                          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction                           

                                6.5.2 Middle-East                            

                                6.5.3 Africa                         

7.Strategic Analysis                                                        

                7.1 PESTLE analysis                                         

                                7.1.1 Political                     

                                7.1.2 Economic                 

                                7.1.3 Social                         

                                7.1.4 Technological                         

                                7.1.5 Legal                          

                                7.1.6 Environmental                       

                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.                                            

                                8.1.1 Overview                 

                                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.                                           

                8.8 Ottobock                                     

                8.9 Ossenberg GmbH                                    

                8.10 Pride Mobility Products Corp.                                          

9.Competitive Landscape                                                            

                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                                                          

Appendix                                                           

                a) List of Tables                                

                b) List of Figures                                              

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Product Type and Region along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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  1. Global Walking Assist Devices  Market By Region, From 2018-2023 ( USD Billion )
  2. Global Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  3. Global Gait Belts & Lift Vests Market By Region, From 2018-2023 ( USD Billion )
  4. Global Canes, Crutches Market By Region, From 2018-2023 ( USD Billion )
  5. Global Walker Market By Region, From 2018-2023 ( USD Billion )
  6. Global Wheelchairs Market By Region, From 2018-2023 ( USD Billion )
  7. Global Power Scooters Market By Region, From 2018-2023 ( USD Billion )
  8. North America Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  9. North America Gait Belts & Lift Vests Market By Region, From 2018-2023 ( USD Billion )
  10. North America Canes, Crutches Market By Region, From 2018-2023 ( USD Billion )
  11. North America Walker Market By Region, From 2018-2023 ( USD Billion )
  12. North America Wheelchairs Market By Region, From 2018-2023 ( USD Billion )
  13. North America Power Scooters Market By Region, From 2018-2023 ( USD Billion )
  14. United States Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  15. Canada Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  16. Europe Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  17. Europe Gait Belts & Lift Vests Market By Region, From 2018-2023 ( USD Billion )
  18. Europe Canes, Crutches Market By Region, From 2018-2023 ( USD Billion )
  19. Europe Walker Market By Region, From 2018-2023 ( USD Billion )
  20. Europe Wheelchairs Market By Region, From 2018-2023 ( USD Billion )
  21. Europe Power Scooters Market By Region, From 2018-2023 ( USD Billion )
  22. U.K. Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  23. Germany Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  24. France Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  25. Italy Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  26. Spain Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  27. Asia-Pacific Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  28. Asia-Pacific Gait Belts & Lift Vests Market By Region, From 2018-2023 ( USD Billion )
  29. Asia-Pacific Canes, Crutches Market By Region, From 2018-2023 ( USD Billion )
  30. Asia-Pacific Walker Market By Region, From 2018-2023 ( USD Billion )
  31. Asia-Pacific Wheelchairs Market By Region, From 2018-2023 ( USD Billion )
  32. Asia-Pacific Power Scooters Market By Region, From 2018-2023 ( USD Billion )
  33. Japan Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  34. China Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  35. India Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  36. Australia Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  37. South Korea Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  38. Latin America Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  39. Latin America Gait Belts & Lift Vests Market By Region, From 2018-2023 ( USD Billion )
  40. Latin America Canes, Crutches Market By Region, From 2018-2023 ( USD Billion )
  41. Latin America Walker Market By Region, From 2018-2023 ( USD Billion )
  42. Latin America Wheelchairs Market By Region, From 2018-2023 ( USD Billion )
  43. Latin America Power Scooters Market By Region, From 2018-2023 ( USD Billion )
  44. Brazil Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  45. Argentina Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  46. Mexico Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  47. Rest of Latin America Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  48. Middle East & Africa Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  49. Middle East & Africa Gait Belts & Lift Vests Market By Region, From 2018-2023 ( USD Billion )
  50. Middle East & Africa Canes, Crutches Market By Region, From 2018-2023 ( USD Billion )
  51. Middle East & Africa Walker Market By Region, From 2018-2023 ( USD Billion )
  52. Middle East & Africa Wheelchairs Market By Region, From 2018-2023 ( USD Billion )
  53. Middle East & Africa Power Scooters Market By Region, From 2018-2023 ( USD Billion )
  54. Middle East Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
  55. Africa Walking Assist Devices  Market By Product Type, From 2018-2023 ( USD Billion )
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