Rising Aging Population is Increasing the Demand for Gait Trainer Market
Globally, the gait trainer market is expected to grow with a CAGR of 6.2% during the forecast period from 2019 to 2027 and was recorded to have a market value of US$ 303.0 Mn in 2018. A gait trainer is a device used to support a person or a patient who cannot walk independently. These devices allow an individual to walk safely and efficiently, a part of gait training. Gait trainers are developed to improve the walking ability of children or adults who has physical disabilities. These devices provide unweighting support and postural alignment, which allows the patient to walk properly and healthily by allowing an individual to stand and bear weight in a supported and safe position.
One of the major factors driving the global gait trainer market is the increasing aged population suffering from spinal injuries and strokes, which affects the ability of a patient to walk, leading to an increase in the demand for gait trainers. In addition, these devices are increasingly being used in rehabilitation centers and home care settings as they provide support for improving mobility and improving physical control. Thus, increasing demand for home healthcare is driving the growth of the gait trainer market. Furthermore, increasing government support to increase the adoption of gait trainers in all healthcare organizations and the growing expansion of many emerging and established players in this market are also enhancing the existing market size of gait trainers.
Gait Trainer with Gait Trainer Walker its Type Segment Continue Dominating the Market
In 2018, the overall gait trainer market was led by the gait trainer walker segment in its type segment, contributing to more than 25.0% of the market share of the total revenue generated globally in 2018. The gait trainer walker allows the patient and infants to maintain their balance and help them to walk. These walkers also save the patient from falling, which increases their demand. The increasing prevalence of the aging population is the major factor driving the demand for rehabilitation and support services that enhance the adoption of gait trainer walkers globally.
North America Dominates the Market by Region
The global gait trainer market is led by North America, with a market share of more than 35.0% in 2018, due to rapid growth in the aging population and increasing investment in home healthcare in the U.S. and Canada. Moreover, the increasing population in the region and increasing accidents also increases the demand for these devices, leading contributes in the growth of the market. The U.S. accounts for the largest market share due to advancements in technology and rising awareness about the walker among users.
Some of the prominent players operating in the gait trainer market include Rifton Equipment, Medical Depot, Inc. (Drive Medical), Otto Bock Inc., Ekso Bionics, Hocoma AG, Rex Bionics Ltd., ReWalk Robotics, Alter G Inc., medica Medizintechnik GmbH, Meyland Smith A/S, and Biodex Medical Systems.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The gait trainer market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global gait trainer market based on type, application, and geography.
Key segments covered in the report are as follows:
Segmentation Type Segment (2017–2027; US$ Mn)
Gait Trainer Walker
Adult
Pediatric
Treadmill System
Exoskeleton
Application Segment (2017–2027; US$ Mn)
Hospitals
Rehabilitation Center
Homecare Setting
Geography Segment (2017–2027; US$ Mn)
North America (U.S. and Rest of North America)
Europe (U.K., Germany, France, and Rest of Europe)
Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
Rest of World (Middle East & Africa (MEA), Latin America)
Key questions answered in this report.
What was the market size of gait trainers in 2018, and forecast up to 2027?
Which is the largest regional market submersible gait trainer walker in type?
What major trends followed in the gait trainer market across different regions?
Who is the key gait trainer companies leading the market?
What are the key strategies adopted by the leading gait trainer companies in the market?
Unique data points of this report
Statistics on gait trainer penetration and spending worldwide
Recent trends across different regions in terms of the adoption of gait trainers for various applications.
Notable developments going on in the gait trainer market
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently asked questions :
The market for Gait Trainer Market is expected to reach US$ 303.0 Mn in 2027.
The Gait Trainer Market is expected to see significant CAGR growth over the coming years, at 6.2%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Medical Depot, Inc. (Drive Medical), Otto Bock Inc., Ekso Bionics, Hocoma AG, Rex Bionics Ltd are some of the major players in the global market.
