Global Gait Trainer Market: Overview
The global gait trainer market is expected to witness a rapid growth with the rising number of stroke cases amongst the population of adults. Besides that, other factors like the increase in prevalence of Parkinson’s disease and cerebral palsy along with the surge in the number of spinal injuries per year are also contributing to the growth and demand of the gait trainer market in the years to come. The rise in the number of geriatric population is also adding to the advantage of the gait trainer market as older people are more prone to getting sick and acquire various types of chronic or fatal diseases or diseases that give them pain throughout their lifetime like spinal or joint pain.
There are different variations in the market for gait trainer on the basis of product type, and end users. Based on the categorization of end-users, the market is segmented into home care settings, rehabilitation centers and hospitals. The homecare settings segmentation is still unexplored and yet to open greater opportunities for drawing more revenue in the coming years. In terms of product type, the market for gait trainers is classified into treadmill system, exoskeleton and gait trainer walker. With the help of sensors like exoskeleton and robotic assistance, the custom-made gait trainers are now available with a wide variety of lengths and sizes, thus offering lucrative opportunities in the market for attracting more revenue. Gait trainer walker is further categorized into pediatric and adult.
The report presented here is a complete evaluation of the global gait trainer market with large focus on market dynamics that also includes the market drivers, restraints, and trends and opportunities. It also offers geographical and other segmentation studies of the market.
Global Gait Trainer Market: Trends and Opportunities
A significant factor to accelerate the growth of the gait trainer market in the long run is the technological advancements in new walking aids like exoskeletons and gait systems running on power combined with assistive robotic technology. Owing to the large base of patients and the increasing demand for gait trainers, manufacturers of medical devices are mainly focusing on the developing economies.
Furthermore, the increase in the number of rehabilitation centers along with the growth in advanced gait training therapy capability is further adding to support the market growth for gait trainers. The respondents of homecare settings and rehabilitation centers disclosed that the products used for gait training helps in faster accessibility, mobility and control towards any object minimizing the risk of falling down.
Products and services are inexpensive and the family of every child in need can afford them easily. Most of them cannot manage to get the assistive technology until it is subsidized or provided for free to those who need them.
Global Gait Trainer Market: Regional Analysis
The global gait trainer market may be classified into the regions of Latin America, Europe, North America, Middle East and Africa and Asia Pacific. According to the World Bank, countries in Asia Pacific and Europe are projected to witness a spur in foreign direct investment or FDI.
As compared to the developed nations, the emerging nations of Mexico, Malaysia, India, and Indonesia have outshone the economic growth which in turn has accelerated the growth in investment all across the healthcare sectors of these developing economies.
The government bodies of various countries are also taking joint initiatives in order to endure the gait trainer demand among all the three end users namely homecare settings, rehabilitation centers and hospitals.
Global Gait Trainer Market: Companies Mentioned
Major companies in the gair trainer market are Otto Bock Inc., Ekso Bionics, Rex Bionics Ltd., ReWalk Robotics, and medica Medizintechnik GmbH.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.