Global Walking Assist Devices Market Analysis, Trends and Opportunities 2019-2025
A new market study, titled “Global Walking Assist Devices Market Analysis, Trends and Opportunities 2019-2025” has been featured on WiseGuyReports.
Walking assist devices are meant to
assist patients with spinal cord injuries or other mobility-limiting conditions
walk. According to the Centers for Diseases Control and Prevention, a number of
adults unable (or very difficult) to walk a quarter mile was 17.1 million in
2016. Increasing prevalence of debilitating neurological diseases, rheumatoid
arthritis and osteoarthritis have been contributing to the increased percentage
of the population with a disability to walk. Due to these, the demand for
walking assist device is rising across the globe. Further, rising geriatric
population has also been a major contributor in the global walking assist
devices market. Increasing healthcare expenditure and funding by government for
development of robots to improve health is also significantly contributing in
the market growth across the globe.
In Jan 2018, Honda Walking Assist Device
has obtained the Medical Devices Directive (Council Directive 93/42/EEC)
certification, which enables Honda to attach the CE marking and commercialize
the device within the European Union (EU) countries. Conformity with EU
standards (EU Directives) and affixing the CE marking on the product, a
certification mark that indicates conformity with EU standards, are mandatory
in order to distribute and sell the product in EU countries. Further, the
company has applied for more than 130 patents related to walking assist
devices, and in July 2015, made the product available in Japan for the public
to purchase.
On the basis of geography, the global
walking assist devices market is segmented into North America, Europe, Asia-Pacific
and Rest of the World. North America is estimated to be the dominating region
in the global walking assist devices. Increasing prevalence of debilitating
neurological diseases, rheumatoid arthritis, and osteoarthritis, the presence
of a large number of market players and increased awareness of
direct-to-consumer marketing are estimated to be the major factors that are
backing the growth of the market. Whereas, Asia-Pacific is estimated to be the
fastest growing region during the forecast period. Funding by the government
for the development of robots and increasing healthcare expenditure are some of
the major factors that are driving the growth of the walking assist devices
market in the region.
The companies operating in the global
walking assist devices market are Better Life Healthcare Ltd., Bionik
Laboratories Inc., Bioxtreme Robotics Rehabilitation, Cadence Biomedical, Ekso
Bionics, GF Health Products, Inc., Hocoma, Honda Motor Co., Ltd., Invacare
Corp., Karma Healthcare Ltd., Murata Manufacturing Co., Ltd. and Ottobock
Healthcare.
Research Methodology
The market study of walking assist
devices market is incorporated by extensive primary and secondary research
conducted by the research team at OMR. Secondary research has been conducted to
refine the available data to break down the market in various segments, derive
total market size, market forecast, and growth rate. Different approaches have
been worked on to derive the market value and market growth rate. The OMR team
collects facts and data related to the market from different geographies to
provide a better regional outlook. In the report, the country-level analysis is
provided by analyzing various regional players, regional tax laws and policies,
consumer behavior and macroeconomic factors. The numbers extracted from
Secondary research have been authenticated by conducting proper primary
research. It includes tracking down key people from the industry and
interviewing them to validate the data. This enables the analysts to derive the
closest possible figures without any major deviations in the actual number. Our
analysts try to contact as many executives, managers, key opinion leaders, and
industry experts to get first-hand information. Primary research brings
authenticity to our reports.
Secondary Sources Include:
Financial reports of companies involved
in the market
Whitepapers, research-papers and news
blogs
Company websites and their product
catalog
Supplier Websites such as Alibaba, Amazon
for pricing analysis
The report is intended for walking assist
device manufacturers, hospitals, for overall market analysis and competitive
analysis. The report will serve as a source for 360-degree analysis of the
market thoroughly integrating different models delivering insights into the
market for better business decisions.
The Report Covers:
Comprehensive research methodology of
global walking assist device market.
This report also includes a detailed and
extensive market overview with analyst insights & key market trends.
An exhaustive analysis of macro and micro
factors influencing the market guided by key recommendations.
Analysis of regional regulations and
other government policies impacting the global walking assist device market.
Insights about market determinants which
are stimulating the global walking assist device market.
Detailed and extensive market segments
with regional distribution of forecasted revenues.
Extensive profiles and recent
developments of market players.Companies Mentioned
1. Aetna Inc.
2. AlterG Inc.
3. Besco Medical Co., Ltd.
4. Better Life Healthcare Ltd.
5. Bionik Laboratories Inc.
6. Bioxtreme Robotics Rehabilitation
7. Cadence Biomedical Inc.
8. Ekso Bionics
9. GF Health Products, Inc.
10. Hocoma AG
11. Honda Motor Co., Ltd.
12. Invacare Corporation
13. Karma Healthcare Ltd.
14. Murata Manufacturing Co., Ltd.
15. Otto Bock Healthcare GmbH
16. Pride Mobility Products Corp.
17. Rewalk Robotics, Inc.
18. Sunrise Medical LLC
19. Tamachi Industries Co., Ltd.
20. Yaskawa Electric Corp.
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/3672015-global-walking-assist-devices-market-research-and-forecast-2018-2023
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