Walking Assist Devices Market Share, Growth, Trends And Forecasts (2018 To 2023)
Walking Assist Devices Market By Product Type (Gait Belts & Lift Vests, Canes, Crutches, Walker, Wheelchairs, Power Scooters) And Region - Global Industry Analysis, Size, Share, Growth, Trends And Forecasts (2018 To 2023)
(EMAILWIRE.COM, August 23, 2018 ) 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.
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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.
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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.
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.
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Market Segmentation
Product Type
Introduction
Gait Belts and Lift Vests
Canes
i. Quad Canes
ii. Folding Canes
iii. Canes Market, By Product Type
Crutches
Walkers
1. Standard Walkers
2. Rolling Walkers/Rollators
3. Hemi Walkers
4. Walkers Market, By Product Type
Wheelchairs
i. Wheelchairs
ii. Electric Wheelchairs
iii. Wheelchairs Market, By Product Type
a. Front Wheel Drive
b. Center Wheel Drive
c. Rear Wheel Drive
d. Standing Power Wheelchairs
e. Motorized/Electric Wheelchairs Market, By Product Type
Power Scooters
1. Boot Scooters
2. Road Scooters
3. Pavement Scooters
4. Power Scooters Market, By Product Type
Y-o-Y Growth Analysis, By Product Type
Market Attractiveness Analysis, By Product Type
Market Share Analysis, By Product Type
The Scope of the report:
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 product type 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, economics, 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 Porters 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
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Get the Complete Report & TOC @ https://marketdataforecast.com/market-reports/walking-assist-devices-market-5073/
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.
Download FREE Sample of this Report @ https://marketdataforecast.com/market-reports/walking-assist-devices-market-5073/request-sample
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.
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.
Get the Customize Report @ https://marketdataforecast.com/market-reports/walking-assist-devices-market-5073/customize-report
Market Segmentation
Product Type
Introduction
Gait Belts and Lift Vests
Canes
i. Quad Canes
ii. Folding Canes
iii. Canes Market, By Product Type
Crutches
Walkers
1. Standard Walkers
2. Rolling Walkers/Rollators
3. Hemi Walkers
4. Walkers Market, By Product Type
Wheelchairs
i. Wheelchairs
ii. Electric Wheelchairs
iii. Wheelchairs Market, By Product Type
a. Front Wheel Drive
b. Center Wheel Drive
c. Rear Wheel Drive
d. Standing Power Wheelchairs
e. Motorized/Electric Wheelchairs Market, By Product Type
Power Scooters
1. Boot Scooters
2. Road Scooters
3. Pavement Scooters
4. Power Scooters Market, By Product Type
Y-o-Y Growth Analysis, By Product Type
Market Attractiveness Analysis, By Product Type
Market Share Analysis, By Product Type
The Scope of the report:
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 product type 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, economics, 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 Porters 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
About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results