Walking Assist Devices Market - Global Industry Analysis

Walking Assist Devices Market Product Type (Gait Belts & Lift Vests, Canes, Crutches, Walker, Wheelchairs, and Power Scooters), Distribution Channel (Online, and Offline): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 23-Oct-2020 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-645 Status : Published

According to the report published by Zion Market Research, global demand for walking assist devices market was valued at approximately USD 6.32 Billion in 2019, and is expected to generate revenue of around USD 8.27 Billion by end of 2026, growing at a CAGR of around 3.9% between 2020 and 2026.

Description

According to the report published by Zion Market Research, global demand for walking assist devices market was valued at approximately USD 6.32 Billion in 2019, and is expected to generate revenue of around USD 8.27 Billion by end of 2026, growing at a CAGR of around 3.9% between 2020 and 2026.

Global Walking Assist Devices Market: Overview

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.

Global Walking Assist Devices Market: Growth Factors

Rapid technological advancement in healthcare is boosting the market growth of the walking assist device market. Moreover, increasing government initiatives to ensure availability of walking assist devices to aging population in order to meet the demand is expected to fuel the global walking assist devices market. In addition to, growing need for walking assist devices owing to increasing the incidences of debilitating neurological diseases & injuries among patient. However, increasing prevalence of the neurological diseases is anticipated to boost the global market in future. Conversely, high cost associated with walking assist devices and some issues related to walking assist devices may hinder the global walking assist devices market growth. Furthermore, the technology-oriented developments are transforming the current assisted devices, which are expected to serve as catalysts for the market growth over the forecast period. 

Global Walking Assist Devices Market: Segmentation

The global walking assist devices market is segregated based on product and distribution channel. The product segment is categorized as power scooters, crutches, gaits belts & lift vests, wheelchairs, walkers, and canes. Of these, wheelchairs segment is the leading segment among others, which contributed for the largest market share.  The distribution channel is categorized into online and offline channel.

Global Walking Assist Devices Market: Regional Analysis

North America holds the largest market share in the global walking assist devices market owing to increased technological advancement and growth in the aging population. In addition, augmenting growth in leasing product activities and exhausting neurological diseases & injuries in this region may lead to increasing usage of walking assist devices. In addition, increasing reimbursement and financial assistance from the government and other financial bodies is also anticipated to propel growth in the global walking assist devices market. Europe is growing at a significant rate in the global market, whereas Asia Pacific may show considerable growth in coming years.

Global Walking Assist Devices Market: Competitive Players

Some of the major players known for their products, services, and constant developments in the Walking Assist Devices market are Invacare Corporation, Better life healthcare Ltd., Ossenberg GmbH, Aetna Inc., GF Health Products, Inc., Pride Mobility Products Corp., and Otto Bock, Honda Motor Co., Ltd., Karma Healthcare Ltd., Besco Medical Co., LTD., Sunrise Medical (US) LLC, C.T.M. Homecare Product, Inc., and Permobil Inc. among others.

Global Walking Assist Devices Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodology
    • 2.1.Research Methodology
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modelling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Walking Assist Devices Market, 2016 – 2026 (USD Billion)
    • 3.2.Global Walking Assist Devices Market: Snapshot
  • Chapter 4.Walking Assist Devices Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Analysis
      • 4.4.2.Use – Cases for Walking Assist Devices
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technology Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Walking Assist Devices Market Attractiveness, By Product Type
    • 5.2.Global Walking Assist Devices Market Attractiveness, By Distribution Channel
    • 5.3.Global Walking Assist Devices Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Walking Assist Devices Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Walking Assist Devices Market Overview: By Product Type
      • 7.1.1.Global Walking Assist Devices Market Revenue Share, By Product Type, 2019 & 2026
    • 7.2.Global Walking Assist Devices Market Analysis/Overview – By Product Type
      • 7.2.1.Gait Belts & Lift Vests – Overview/Analysis
      • 7.2.2.Canes – Overview/Analysis
      • 7.2.3.Crutches – Overview/Analysis
      • 7.2.4.Walker– Overview/Analysis
      • 7.2.5.Wheelchairs – Overview/Analysis
    • 7.2.6 .Power Scooters - Overview/Analysis
    • 7.3.Gait Belts & Lift Vests
      • 7.3.1.Global Walking Assist Devices Market for Gait Belts & Lift Vests, Revenue (USD Billion) 2016 - 2026
    • 7.4.Canes
      • 7.4.1.Global Walking Assist Devices Market for Canes, Revenue (USD Billion) 2016 - 2026
    • 7.5.Crutches
      • 7.5.1.Global Walking Assist Devices Market for Crutches, Revenue (USD Billion) 2016 - 2026
    • 7.6.Walker
      • 7.6.1.Global Walking Assist Devices Market for Walker, Revenue (USD Billion) 2016 - 2026
    • 7.7.Wheelchairs
      • 7.7.1.Global Walking Assist Devices Market for Wheelchairs, Revenue (USD Billion) 2016 - 2026
    • 7.8.Power Scooters
      • 7.7.1.Global Walking Assist Devices Market for Power Scooters, Revenue (USD Billion) 2016 - 2026
    • 8.1.Global Walking Assist Devices Market Overview: By Product Type
      • 8.1.1.Global Walking Assist Devices Market Revenue Share, By Product Type, 2019 & 2026
    • 8.2.Global Walking Assist Devices Market Analysis/Overview – By Distribution Channel
      • 8.2.1.Online – Overview/Analysis
      • 8.2.2.Offline – Overview/Analysis
    • 8.3.Online
      • 8.3.1.Global Walking Assist Devices Market for Online, Revenue (USD Billion) 2016 - 2026
    • 8.4.Offline
      • 8.4.1.Global Walking Assist Devices Market for Offline, Revenue (USD Billion) 2016 - 2026
  • Chapter 9.Walking Assist Devices Market – Regional Analysis
    • 9.1.Global Walking Assist Devices Market: Regional Overview
      • 9.1.1.Global Walking Assist Devices Market Revenue Share, by Region, 2019 & 2026
      • 9.1.2.Global Walking Assist Devices Market Revenue, by Region, 2016 – 2026 (USD Billion)
    • 9.2.North America
      • 9.2.1.North America Walking Assist Devices Market Revenue, 2016 - 2026 (USD Billion)
      • 9.2.2.North America Walking Assist Devices Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.2.3.North America Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026
      • 9.2.4.North America Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026
      • 9.2.5.North America Walking Assist Devices Market Revenue, By Distribution Channel, 2016 – 2026
      • 9.2.6. U.S.
      • 9.2.7.Canada
    • 9.3.Europe
      • 9.3.1.Europe Walking Assist Devices Market Revenue, 2016 - 2026 (USD Billion)
      • 9.3.2.Europe Walking Assist Devices Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.3.3.Europe Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026
      • 9.3.4.Europe Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026
      • 9.3.5.Europe Walking Assist Devices Market Revenue, By Distribution Channel, 2016 – 2026
      • 9.3.6.Germany
      • 9.3.7.France
      • 9.3.8. U.K.
      • 9.3.9.Italy
      • 9.3.10.Rest of Europe
    • 9.4.Asia Pacific
      • 9.4.1.Asia Pacific Walking Assist Devices Market Revenue, 2016 - 2026 (USD Billion)
      • 9.4.2.Asia Pacific Walking Assist Devices Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.4.3.Asia Pacific Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026
      • 9.4.4.Asia Pacific Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026
      • 9.4.5.Asia Pacific Walking Assist Devices Market Revenue, By Distribution Channel, 2016 – 2026
      • 9.4.6.China
      • 9.4.7.Japan
      • 9.4.8.India
      • 9.4.9.South Korea
      • 9.4.10.Rest of Asia Pacific
    • 9.5.Latin America
      • 9.5.1.Latin America Walking Assist Devices Market Revenue, 2016 - 2026 (USD Billion)
      • 9.5.2.Latin America Walking Assist Devices Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.5.3.Latin America Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026
      • 9.5.4.Latin America Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026
      • 9.5.5.Latin America Walking Assist Devices Market Revenue, By Distribution Channel, 2016 – 2026
      • 9.5.6.Brazil
      • 9.5.7.Mexico
      • 9.5.8.Rest of Latin America
    • 9.6.The Middle-East and Africa
      • 9.6.1.The Middle-East and Africa Walking Assist Devices Market Revenue, 2016 - 2026 (USD Billion)
      • 9.6.2.The Middle-East and Africa Walking Assist Devices Market Revenue, by Country, 2016 – 2026 (USD Billion)
      • 9.6.3.The Middle-East and Africa Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026
      • 9.6.4.The Middle-East and Africa Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026
      • 9.6.5.The Middle-East and Africa Walking Assist Devices Market Revenue, By Distribution Channel, 2016 – 2026
      • 9.6.6.GCC Countries
      • 9.6.7.South Africa
      • 9.6.8.Rest of Middle-East Africa
  • Chapter 11.Company Profiles
    • 11.1.Invacare Corporation
      • 11.1.1.Company Overview
      • 11.1.2.Financial Overview
      • 11.1.3.Product Portfolio
      • 11.1.4.Business Strategy
      • 11.1.5.Recent Developments
    • 11.2.Better life healthcare Ltd.
    • 11.3.Ossenberg GmbH
    • 11.4.Aetna Inc.
    • 11.5.GF Health Products 

Table Of Figures

List of Figures 

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Walking Assist Devices Market Revenue, 2016 - 2026 (USD Billion)
FIG. 5 Porter’s Five Forces Analysis for Global Walking Assist Devices Market
FIG. 6 Global Walking Assist Devices Market Attractiveness, By Product Type
FIG. 7 Global Walking Assist Devices Market Attractiveness, By Distribution Channel
FIG. 8 Company Share Analysis, 2019
FIG. 9 Global Walking Assist Devices Market Revenue Share, By Product Type, 2019 & 2026
FIG. 10 Global Walking Assist Devices Market for Gait Belts & Lift Vests, Revenue (USD Billion) 2016 - 2026
FIG. 11 Global Walking Assist Devices Market for Canes, Revenue (USD Billion) 2016 - 2026
FIG. 12 Global Walking Assist Devices Market for Crutches, Revenue (USD Billion) 2016 - 2026
FIG. 13 Global Walking Assist Devices Market for Walker, Revenue (USD Billion) 2016 - 2026
FIG. 14 Global Walking Assist Devices Market for Wheelchairs, Revenue (USD Billion) 2016 - 2026
FIG. 15 Global Walking Assist Devices Market for Power Scooters, Revenue (USD Billion) 2016 - 2026
FIG. 16 Global Walking Assist Devices Market Revenue Share, By Distribution Channel, 2019 & 2026
FIG. 17 Global Walking Assist Devices Market for Online, Revenue (USD Billion) 2016 - 2026
FIG. 18 Global Walking Assist Devices Market for Offline, Revenue (USD Billion) 2016 - 2026
FIG. 19 Global Walking Assist Devices Market Revenue Share, by Region, 2019 & 2026
FIG. 20 North America Walking Assist Devices Market Revenue, 2016 - 2026 (USD Billion)
FIG. 21 Europe Walking Assist Devices Market Revenue, 2016 - 2026 (USD Billion)
FIG. 22 Asia Pacific Walking Assist Devices Market Revenue, 2016 - 2026 (USD Billion)
FIG. 23 Latin America Walking Assist Devices Market Revenue, 2016 - 2026 (USD Billion)
FIG. 24 The Middle-East and Africa Walking Assist Devices Market Revenue, 2016 - 2026 (USD Billion)


Table Of Tables

List of Tables

TABLE 1 Global Walking Assist Devices Market: Snapshot
TABLE 2 Drivers of the Walking Assist Devices Market: Impact Analysis
TABLE 3 Restraints for the Walking Assist Devices Market: Impact Analysis
TABLE 4 Global Walking Assist Devices Market Revenue, by Region, 2016 – 2026 (USD Billion)
TABLE 5 North America Walking Assist Devices Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 6 North America Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026 (USD Billion)
TABLE 7  North America Walking Assist Devices Market Revenue, By Distribution Channel, 2016 – 2026 (USD Billion)
TABLE 8 Europe Walking Assist Devices Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 9 Europe Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026 (USD Billion)
TABLE 10 Europe Walking Assist Devices Market Revenue, By Distribution Channel, 2016 – 2026 (USD Billion)
TABLE 11 Asia Pacific Walking Assist Devices Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 12 Asia Pacific Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026 (USD Billion)
TABLE 13 Asia Pacific Walking Assist Devices Market Revenue, By Distribution Channel, 2016 – 2026 (USD Billion)
TABLE 14 Latin America Walking Assist Devices Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 15 Latin America Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026 (USD Billion)
TABLE 16 Latin America Walking Assist Devices Market Revenue, By Distribution Channel, 2016 – 2026 (USD Billion)
TABLE 17 The Middle-East and Africa Walking Assist Devices Market Revenue, by Country, 2016 – 2026 (USD Billion)
TABLE 18 The Middle-East and Africa Walking Assist Devices Market Revenue, By Product Type, 2016 – 2026 (USD Billion)
TABLE 19 The Middle-East and Africa Walking Assist Devices Market Revenue, By Distribution Channel, 2016 – 2026 (USD Billion)

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FrequentlyAsked Questions

Increased investment in healthcare infrastructure and the highest rate of walking assistance device adoption due to neurological diseases among the geriatric population base are leading to increased demand for walking assist devices.

According to Zion Market Research, global demand for Walking Assist Devices market is expected to generate revenue of around USD 8.27 Billion by end of 2026, growing at a CAGR of around 3.9% between 2020 and 2026.

North America has dominated the industry owing to the rise in the geriatric population, the presence of well-developed healthcare markets, technical innovations offered by key contenders, and private organisations providing numerous support programmes for the benefit of lonely disabled individual.

Some of the major players known for their products, services, and constant developments in the Walking Assist Devices market are Invacare Corporation, Better life healthcare Ltd., Ossenberg GmbH, Aetna Inc., GF Health Products, Inc., Pride Mobility Products Corp., and Otto Bock, Honda Motor Co., Ltd., Karma Healthcare Ltd., Besco Medical Co., LTD., Sunrise Medical (US) LLC, C.T.M. Homecare Product, Inc., and Permobil Inc. among others.

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