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Gait Trainer Market Size Worth $745 Million By 2030: IndustryARC

Sep 17, 2024 9:15 AM ET

Gait Trainer Market Size Worth $745 Million By 2030: IndustryARC

Gait Trainer Market size is predicted to reach $745 million by 2030, growing at a CAGR of 6.2% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Increasing adoption of Gait Trainers in rehabilitation and therapeutic settings, along with advancements in gait analysis technology, are driving significant market growth, finds IndustryARC in its recent report, titled “Gait Trainer Market – By Product Type: (Gait Trainer Walker, Treadmill System, Exoskeleton, Accessories), By Category: (Pediatric, Adult), By Application: (Orthopedic Disorders, Amputation, Neurological Disorder and Others), By End User: Hospitals & Clinics, rehabilitation Centers, Homecare Settings), By Geography – Global Opportunity Analysis & Industry Forecast, 2023-2030”.

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Asia Pacific to Register Highest Growth:

Asia-Pacific market is poised to grow with the fastest CAGR in the forecast period 2024-2030 owing its increase in aging population, and other factors such as spinal cord injuries, paraplegia, muscular sclerosis and others. According to WHO, the prevalence of spinal cord injury is rising in developing countries like India, and the healthcare burden owing to the spinal cord injury is predicted to the developed countries. Moreover, rising geriatric population is poised to drive the market for manual wheelchair in this region. According to United Nations ESCAP Asia-Pacific consists of nearly 60% of world population where 400 million are aged 65 and above. By 2030, the number is estimated to increase by 50% concluding to 12% of total population in this region.

Gait Trainer Market 2024-2030: Scope of the Report

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

6.2%

Market Size in 2030

$745 billion

Segments Covered

By Product Type, By Category, By Application, By End User, and By Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

1.      ReWalk Robotics Ltd.

2.      OttoBock

3.      Community Products, LLC

4.      Ekso Bionics

5.      Rex Bionics Ltd.

6.      Etac AB

7.      Rifton Equipment

8.      Biodex Medical Systems, Inc.

9.      Lifeward CA, Inc.

10.  Hocoma AG

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Gait Trainer Market Report – Key Takeaways:

  • Growth in Elderly Care and Assisted Living Facilities

The aging population is significantly boosting the demand for gait trainers in elderly care and assisted living facilities. These devices are increasingly being used to help seniors improve their mobility, balance, and overall physical health. By providing targeted gait training and support, gait trainers assist in reducing the risk of falls and enhancing independence for elderly individuals. The growing focus on maintaining quality of life for older adults and preventing mobility-related injuries is driving investment and adoption of gait trainers in this sector.

  • Expansion of Gait Trainers in Sports Medicine and Injury Prevention

Gait trainers are gaining traction in the sports medicine field for their role in injury prevention and performance enhancement. Athletes and sports professionals are using these devices to analyze and improve their gait mechanics, address issues related to overuse injuries, and optimize movement efficiency. By incorporating gait trainers into training regimens and rehabilitation programs, sports medicine practitioners can better assess biomechanical patterns and prevent injuries, thus driving demand in this specialized market segment.

  • Increased Adoption of Gait Trainers in Pediatric Therapy

Pediatric therapy is seeing an uptick in the use of gait trainers to assist children with developmental disorders, cerebral palsy, and other mobility challenges. These devices are tailored to meet the unique needs of younger patients, providing adaptive support and encouraging movement development. The focus on early intervention and tailored therapeutic solutions is leading to a rise in the adoption of gait trainers within pediatric healthcare settings, creating growth opportunities in the market.

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Key Opportunity Analysis:

Expansion in Home-Based Rehabilitation

The shift towards home-based rehabilitation is creating significant opportunities for gait trainers. With an increasing number of patients preferring to receive therapy at home rather than in clinical settings, there is a growing demand for user-friendly, portable gait trainers that can be used in domestic environments. Companies that develop compact, easy-to-use models with remote monitoring capabilities and integration with telehealth platforms are well-positioned to capitalize on this trend. By focusing on enhancing home accessibility and providing comprehensive support, manufacturers can tap into a substantial and expanding market segment.

Growth in Technologically Enhanced Gait Trainers

Advances in technology are driving innovation in the gait trainer market. The integration of features such as real-time gait analysis, artificial intelligence, and wearable sensors is transforming traditional gait trainers into sophisticated therapeutic devices. These enhancements offer more precise feedback, personalized training programs, and improved patient outcomes. Manufacturers that invest in developing technologically advanced gait trainers, incorporating cutting-edge sensors and AI algorithms, can gain a competitive edge and attract both clinical and consumer segments seeking high-tech solutions.

Increasing Demand for Gait Trainers in Rehabilitation Centers

Rehabilitation centers are increasingly adopting gait trainers as part of comprehensive therapy programs for stroke recovery, orthopedic rehabilitation, and other conditions affecting mobility. Gait trainers are valuable tools in these settings for improving patient outcomes through targeted gait training and mobility support. The growing emphasis on functional rehabilitation and evidence-based therapies is driving investment in gait trainers that offer customizable settings and integrated assessment tools. Companies focusing on designing gait trainers tailored to the needs of rehabilitation centers can seize significant growth opportunities in this sector.

Potential in Emerging Markets

Emerging markets present substantial opportunities for the expansion of gait trainers. As healthcare infrastructure improves and the focus on mobility and rehabilitation increases in countries with growing economies, there is a rising demand for gait training solutions. These markets are experiencing greater awareness of physical therapy benefits and are investing in advanced medical technologies. Manufacturers that adapt their products to meet the specific needs of these regions, including affordability and localized support, can leverage the expanding healthcare landscape and capture market share in these developing areas.

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The report also covers the following areas:

  • Gait Trainer Market Size and Forecast
  • Gait Trainer Market Trends
  • Gait Trainer Market Analysis by Product Type

Gait Trainer Market 2024-2030: Key Highlights

  • CAGR of the market during the forecast period 2024-2030
  • Value Chain Analysis of key stakeholders
  • Detailed analysis of market drivers and opportunities during the forecast period
  • Gait Trainer Market size estimation and forecast
  • Analysis and predictions on end users’ behavior and upcoming trends
  • Competitive landscape and Vendor market analysis including offerings, developments, and financials
  • Comprehensive analysis of challenges and constraints in the Gait Trainer Market

Covid and Ukrainian Crisis Impact:

  • The COVID-19 pandemic initially disrupted the Gait Trainer market, causing temporary closures of manufacturing facilities and delays in global supply chains. Lockdowns and restrictions led to significant interruptions in production and distribution. However, the pandemic also accelerated the adoption of remote and home-based rehabilitation solutions, driving a rebound in demand for gait trainers designed for home use.
  • The ongoing geopolitical conflict between Russia and Ukraine has had a considerable impact on the Gait Trainer market, particularly in terms of raw material procurement and supply chain stability. The conflict has led to disruptions in the availability and cost of critical components and materials used in gait trainers, resulting in price increases and delays.

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 List of Key Market Players in the Gait Trainer Market:

The Global Gait Trainer Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

  • ReWalk Robotics Ltd.
  • OttoBock
  • Community Products, LLC
  • Ekso Bionics
  • Rex Bionics Ltd.
  • Etac AB
  • Rifton Equipment
  • Biodex Medical Systems, Inc.
  • Lifeward CA, Inc.
  • Hocoma AG

Related Reports:

 Active Wheelchair Market : Active Wheelchair Market growth is being driven by the increasing cases of diseases like cerebral palsy, and motor neurone disease owing to aberrant brain growth or hurt to the growing brain and hereditary factors.

Walking Assist Devices Market : Walking Assist Devices Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Walking Assist Devices Market report.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

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IndustryARC

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Contact Information:

Mr. Venkat Reddy IndustryARC Email: [email protected] USA: (+1) 518-282-4727



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