The report analyses the global walking assist devices market with respect to its product and region. The global walking assist devices market is expected to reach USD 6.57 billion by 2020, at a CAGR of 3.9% from 2015 to 2020.
Based on product, the global walking assist devices market is segmented into gaits belts and lift vests, canes, crutches, walkers, wheelchairs, and power scooters. The wheelchairs segment accounted for the largest share in the global walking assist devices market in 2014. The increasing number of aging population is one of the key growth factor for this market. In addition to this, the major players are leveraging the growth of this market by adopting new and enhanced technologies. Wheelchairs segment is the most growing segment in walking assist devices as it is user friendly and cost-effective. The growth in geriatric population across the globe and increase in the number of patients suffering from mobility impairment due to spinal cord injuries and paraplegia are factors leading to the growth of the wheelchairs segment of the global walking assist devices market. Besides, the growing trend among the patient community to lead increasingly productive, independent, and active lifestyle are factors expected to contribute towards growth of this market. Initiatives undertaken by various governments across the globe for ensuring equal opportunities for differently-abled persons are fuelling growth of this market. In 2000, there were around 1.2 million wheelchair users in the U.K., which formed approximately 2 percent of the total population of the U.K.
The global walking assist devices market has been divided into four major regions, namely, Asia-Pacific, Europe, North Americas and Rest of the World (RoW). These four regions are further segmented into major countries. North America accounted the walking assist devices market. The market in U.S. accounted for the largest share of the overall North America’s walking assist devices market in 2014. Europe is the second-largest walking assist devices market. Germany is the leading country in the overall Europe walking assist devices market. The European market is growing due to the technological advancements.
The major players profiled in the global walking assist devices market report include Honda Motor Co., Ltd., Permobil Inc., GF Health Products, Inc., Invacare Corporation, Besco Medical Co., LTD., Betterlifehealthcare Ltd., C.T.M. Homecare Product, Inc., Ottobock, Ossenberg GmbH, Pride Mobility Products Corp., Aetna Inc., Sunrise Medical (US) LLC, and Karma Healthcare Ltd., among others.