Walking Assist Device Market – Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2018–2026
- Report code : CMI4463 |
- Industry :
Medical Devices
- To Be Published : Jul 2018 |
- Format :
- Request Sample
- Request Customization
Walking assist device are designed for people suffering from leg injury, also for the people who are unable to walk by their own due to weak leg muscles. These devices are also used by people who face problem of body balance during walking due to nervous system disease such as Parkinson’s disease and Alzheimer disease. The basic design of walker consist of light body weight and they are available with four wheels and two wheels design which provides comfort to the user during walking.
There are various types of walker systems available in market as per the need of user such as canes, baby walkers, crutches, standard walkers. The cane type of walker is a handheld walking stick that provides physical support to the user when walking. Crutches have a soft bar at its top, which is placed under the armpit. This type of walker is mainly used by people who have lost one leg. Various types of crutches available in market include axillary crutch, forearm crutch, platform crutch, stutter crutch, leg support crutches having different weight capacity and size and are also used by kids to learn walking.
Walking assist device market by taxonomy:
Walking Assist Device Market, by Product Type:
- Gaits Belts & Lift Vests
- Canes
- Crutches
- Walkers
- Wheelchairs
- Power scooters
- Others
Walking Assist Device Market, by Geography:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Increasing aging population, disabilities and injuries around the globe expected to favor the demand for walking assist devices market in the near future
North America and Europe account for major share in the global walking assist devices market. The near future is expected to witness Asia Pacific taking the pole position, due to continuous rise in aging population and rate of disabilities around the globe.
As per United Nations Population Fund, people aged 60 years and above accounted for 12.3% of the global population in 2015, which is expected to increase to 22% by 2050, accounting for 2 billion people. This creates a highly lucrative growth opportunity for growth of the market.
The another factor which cause to body imbalance is arthritis disease, as per Centers of Disease Control and Prevention (CDC) by 2040, 78 million people will suffer from arthritis in the U.S.
According to National Rehabilitation Information Center in 2015, 12.6% people out of total population were living with some form of disability in the U.S. Furthermore, around 51% out of total disabilities is occur in the people having age between 18 to 64 years.
Also, as per Centers for Disease Control and Prevention (CDC), in 2015, around 18.2 million adults were unable to walk due to difficulties in physical functioning and it is expected that the number will grow year on year as the rate of disease such as nervous system disease and rate of road accidents in increasing year on year.
The demand for walking assisted devices is expected from developed as well as from emerging countries due to increase in rate of aging population among these region. Also, these devices are available at low cost and rise in high disposable income leading to increase in the demand for walking assist devices.
Key Players In Walking Assist Device Market Includes:
- Honda Motor Co., Ltd.
- Permobil Inc.
- GF Health Products, Inc.
- Invacare Corporation
- T.M. Homecare Product
- Ossenberg GmbH
- Pride Mobility Products Corp.
- Aetna Inc.
- Sunrise Medical (US) LLC.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
Related Insights :
Share
Choose License Type
"How Can I Help You" ?
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
[email protected]Key Benefits
Custom Research Solution
Talk to our research consultant to design an exclusive report as per your research needs.
Customer Fulfilment
We aim to fulfil client's research demands with tailored research solutions.
Quick Turnaround Time Reports
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
360-degree Approach
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
Assured Quality
We strive to provide most accurate and reliable research findings in our research reports.