"Rising Aging Population is Increasing the Demand for Gait Trainer Market"

Globally, the gait trainer market is expected to grow with a CAGR of 6.2% during the forecast period from 2023 to 2030, and was recorded to have a market value of US$ 361.61 Mn in 2021. A gait trainer is the device, which are used to support a person or a patient who is not capable to walk independently. These devices allow an individual to walk safely and efficiently which is a part of gait training. Gait trainers are developed to improve the walking ability of children or adults who has physical disabilities. These devices provide unweighting support and postural alignment, which allows the patient to walk properly and healthily by allowing an individual to stand and bear weight in a supported and safe position.

One of the major factor which is driving the global gait trainer market is increasing aged population which are suffers from spinal injuries and strokes which affects the ability of a patient to walk leading to increase the demand for gait trainer. These devices are increasingly being used in rehabilitation centers and home care settings as they provide support for improving mobility, and improve physical control. Thus, increasing demand for home healthcare is driving the growth of gait trainer market. Furthermore, increasing government support to increase the adoption of gait trainers in all the healthcare organizations, and growing expansion of many emerging and established players in this market is also enhancing the existing market size of gait trainers.  

"Gait Trainer with Gait Trainer Walker its Type Segment Continue Dominating the Market"

In 2020, the overall gait trainer market was led by the gait trainer walker segment in its type segment contributing to more than 25.0% of market share of the total revenue generated globally in 2020.  The gait trainer walker allows the patient and infants to maintain their balance and help them to walk. These walkers also safe the patient from falling that increases their demand. Increasing prevalence of aging population is the major factor driving the demand for rehabilitation and support services that enhances the adoption of gait trainer walker, globally.

"North America Dominates the Market by Region"

The global gait trainer market is led by North America with a market share of more than 35.0% in 2020, due to rapid growth in aging population, and increasing investment in home healthcare in the US and Canada. Moreover, the increasing population in the region and increasing accidents also increases the demand for these devices; leading contributes in the growth of the market. The US accounts the largest market share due to advancement in the technology and rising awareness about the walker among the users. 

Some of the prominent players operating in the gait trainer market includes Rifton Equipment, Medical Depot, Inc. (Drive Medical), Otto Bock Inc., Ekso Bionics, Hocoma AG, Rex Bionics Ltd., ReWalk Robotics, Alter G Inc., medica Medizintechnik GmbH, Meyland Smith A/S, and Biodex Medical Systems.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Gait Trainer market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Gait Trainer market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Gait Trainer market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Gait Trainer market?
• Which is the largest regional market for Gait Trainer market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Gait Trainer market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Gait Trainer market worldwide?