Global Gait Trainer Market, By Application (Orthopaedic Disorders, Neurological Disorders, Amputation, Others), Product Type (Treadmill System, Exoskeleton, Gait Trainer Walker), End Users (Home Care Settings, Rehabilitation Centers, Hospitals), Age Category (Paediatric, Adult), Connectivity (Wired, Wireless), Artificial Intelligence (Offering, Technology) – Industry Trends and Forecast to 2029
Market Analysis and Size
Road accident is one of the major factors responsible for developing disabilities in the individuals. Grievous road accidents may injure one’s spine, brain and other bodily parts which could result in complete walking disability. This has resulted in introduction of technological innovations to facilitate the disabled individuals in walking and carrying out similar day to day activities. And this is where the role of gait trainers come into play.
Data Bridge Market Research analyses that the gait trainer market is expected to undergo a CAGR of 6.05% during the forecast period. “Neurological Disorders” accounts for the largest application segment in the gait trainer market owing to the increasing prevalence of neurological disorders globally such as cerebral palsy, multiple sclerosis and others.
Gait trainers are smart technological devices that meant to be used by children, adults or people of old age who are suffering from some or the other disorder that creates a walking disability in them. In other words, gait trainers assist an individual to walk independently by providing them gait training. Gait trainers are wheeled devices that offer specialized features such as postural alignment and balance assistance to the users.
Gait Trainer Market Dynamics
The rise in the prevalence of disorders
Increasing incidence rate of injuries and disorders such as strokes, Parkinson’s diseases and spinal injuries are responsible for fostering growth in the demand for gait trainers globally. Also, rising number of road accidents on daily basis are responsible for walking disabilities in individuals. This full further expand the scope of growth for the gait trainer market.
Rising geriatric population base
Growing older results in wakening the muscles. It negatively impacts the strength of the back and spine which results in making it difficult for people in this age range to walk alone and independently. As a result, there is a huge demand for gait trainers among old age population base.
Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the demand for gait trainers. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities.
Additionally, surge in the personal disposable income level, rising awareness about the several advantages of gait trainers and increasing investment for the development of advanced and innovative technology, positively affect the gait trainer market.
Furthermore, increasing focus of major manufacturers on integration and installation of advanced and modern technologies will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, growing adoption of walking aids technology in the developing economies and increasing innovation in homecare settings will further expand the gait trainer market's growth rate in the future.
On the other hand, high cost associated with the initial investment and maintenance, lack of awareness among the people in the underdeveloped economies regarding benefits, limited infrastructural facilities and high expenditure required for research and developmental activities are expected to obstruct market growth. Also, limited usage of the device is projected to challenge the gait trainer market in the forecast period of 2022-2029.
This gait trainer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the gait trainer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Gait Trainer Market
Coronavirus has been solely responsible for making a dent in the in the supply and demand of gait trainers. With the pandemic spreading to every look and corner of the world, the funding for research and development proficiencies pertaining to the gait trainers was dramatically reduced. This is one of the biggest factors responsible for bringing the downfall in the revenue scale. The market faced a great level of negligence in this phase which resulted in sinking revenue rates.
- Ekso Bionics launched EksoNR in 2019, specifically dedicated to spinal cord injury and strokes. It is convenient to use owing to the integration of touch screen controller.
Global Gait Trainer Market Scope
The gait trainer market is segmented on the basis of application, product type, end users, age, connectivity and artificial intelligence. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Orthopaedic Disorders
- Neurological Disorders
On the basis of application, the gait trainer market is segmented into orthopaedic disorders, neurological disorders, amputation and others.
- Treadmill System
- Gait Trainer Walker
On the basis of product type, the gait trainer market is segmented into treadmill system, exoskeleton and gait trainer walker.
- Home Care Settings
- Rehabilitation Centers
Gait trainer market has also been segmented on the basis of end users into home care settings, rehabilitation centres and hospitals.
On the basis of age category, the gait trainer market is segmented into paediatric and adult.
Global gait trainer market is also segmented based on connectivity into wired and wireless.
Global gait trainer market is also segmented based on artificial intelligence into offering and technology.
Gait Trainer Market Regional Analysis/Insights
The gait trainer market is analysed and market size insights and trends are provided by country, application, product type, end users, age, connectivity and artificial intelligence as referenced above.
The countries covered in the gait trainer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the gait trainer market because of the strong base of healthcare facilities, adoption of walking aids devices and rising occurrences of spinal injuries and osteoporosis
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, ever-rising geriatric population base and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The gait trainer market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for gait trainer market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the gait trainer market. The data is available for historic period 2010-2020.
Competitive Landscape and Gait Trainer Market Share Analysis
The gait trainer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to gait trainer market.
Some of the major players operating in the gait trainer market are OTTOBOCK, Ekso Bionics, Rex Bionics Ltd., ReWalk Robotics, Medical Depot, Inc., Rifton Equipment, Hocoma, AlterG, Inc., Biodex, Meyland-Smith A/S, Bharat Medical Systems, Bio-Med Inc., Etac AB., Woodway USA, Inc., and medica Medizintechnik among others.