Gait Trainer Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4245
Gait Trainer Market size is estimated to expand profusely between 2021 and 2027 due to the rising prevalence of disorders like skeletal deformities and cerebral palsy. Musculoskeletal is a disorder that results in mobility restriction and is considered to be a major contributor worldwide for disability. According to the World Health Organization, approximately 1.71 billion people suffer from musculoskeletal conditions worldwide.
Furthermore, expanding geriatric population and associated physical disabilities are poised to be another major factor complementing the rising growth curve of the market. As per Rural Health Information Hub, the number of adults above 45 years of age residing in the United States is anticipated to reach almost 90 million by 2050.
Factors like a dearth of awareness about gait trainers in underdeveloped countries along with the increased costs associated with these devices will challenge the market growth in the longer run.
Gait trainer walker segment, across the overall market, is touted to produce lucrative gains during the forecast timeframe. The product allows patients and infants to maintain their balance and assist them in walking. Moreover, these walkers are also considered to prevent the patient from falling. Increasing prevalence of the aging population is also a driving factor pushing the demand for rehabilitation and support services that enhance the adoption of gait trainer walkers.
Gait trainer market is slated to observe massive gains from the adult age category segment, mainly driven by the increasing chances of strokes and subsequent paralysis or other disorders. The adult population is more susceptible to suffering from strokes or musculoskeletal disorders which might restrict their movement to a greater extent, thus inducing the need for gait trainer walkers. The device not only supports the patient but also prevents him from falling thereby reducing the chances of further damage.
Considering the end-use segmentation, gait trainer products are gaining immense momentum across the homecare settings and rehabilitation centers. Respondents in these settings have revealed that the products used in gait training support faster mobility, control, and accessibility towards any object with zero chances of further risk of falling.
North America is projected to take over a significant share of the overall gain trainer market over the coming years. This can be ascribed to the rising burden of spinal cord injuries and product developments in the region. According to the Miami Project, nearly 17,810 new spinal cord injuries are recorded every year in the United States. Such injuries restrict the mobility of the patient, thus requiring gait trainer for learning to walk and balance again. Besides, increasing cases of accidents and expanding geriatric population in the region would further boost the regional growth through 2027.
Prominent companies functioning in the global market are Biodex Medical Systems (Mirion Technologies, Inc.), Alter G Inc., Rex Bionics Ltd., Hocoma, Meyland Smith A/S, ReWalk Robotics, and others. These market vendors have been effortlessly working towards bringing forth novel innovations in the space and participating in diverse industry strategies to gain a competitive edge in the global market.
COVID-19 analysis on gait trainer market demand
The coronavirus pandemic outbreak has emerged as a humanitarian and economical dent in the global economy and various businesses and industries. Owing to the change of the medical field towards COVID-19 treatment, funding to R&D activities pertaining to gait trainers has been reduced. Owing to this, the market is expected to witness a downfall in the revenue scale.
The market research report of gait trainer includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2017 to 2027 for the following segments:
Market, by Equipment
- Gait Trainer Walker
- Treadmill Systems
- Other Accessories
Market, by Age Category
Market, by End-use
- Homecare Settings
- Rehabilitation Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
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