Gait Trainer Market: International Mergers to Pave Way for Development: Global Industry Analysis (2013 -2017) & Opportunity Assessment (2018 - 2028)

Gait Trainer Market: International Mergers to Pave Way for Development: Global Industry Analysis (2013 -2017) & Opportunity Assessment (2018 - 2028)

The global demand for gait trainer is increasing mainly due to rising stroke cases among adult population, growing demand from the pediatric population, increasing prevalence of cerebral palsy and Parkinson’s disease and rise in the number of spinal injuries every year. Advancements in new walking aids technology such powered gait trainer system and exoskeletons amalgamated with robotic assistive technology has led to growth of the global gait trainer market. Medical device manufacturers are largely focusing on emerging economies due to large patient base and surging demand for gait trainers. Moreover, rising number of rehabilitation centers coupled with growing capabilities of advanced gait training therapy is further supporting the market growth.

There is increased demand for gait trainers with advanced robot-assisted devices, supported by top companies in emerging countries Furthermore, respondents in rehabilitation centers and homecare setting revealed that the gait trainer products used in gait training aid in faster control, mobility, and accessibility towards any object with zero probability of further risk of falling down. Services and products are affordable to the family of every child who needs them. Many of them will not afford assistive technology unless it is provided free or is subsidized.

Government initiatives are likely to be one of the core factors behind the rising adoption of gait trainer walkers

Government bodies of respective countries are taking joint initiatives to ensure the demand for gait trainers among end users such as hospitals, rehabilitation and homecare settings. According to the World Bank, countries in Europe and Asia Pacific are witnessing spur in FDI. Developing regions such as Indonesia, India, Malaysia, and Mexico have outshone economic growth compared to developed regions. This in turn is anticipated to drive the growth in investment across the healthcare sector in these countries. In developed countries, assistive devices (gait trainer) are an integral part of healthcare and are provided through the National Healthcare System. Elsewhere, assistive technology is provided by governments through rehabilitation services, vocational rehabilitation, insurance companies, and charitable and nongovernmental organizations.

Custom gait trainer to add up to the adoption rate along with growing adoption in homecare settings

Companies manufacturing custom-made gait trainer are competing on the basis of traditional gait training. Custom-made gait trainers are now available with a wide range of sizes and lengths with the help of robotic assistance and sensors such as exoskeleton. Moreover, the manufacturers are also focusing on cost-effective design and production process at lowest cost, in order to sustain in the competitive market. Manufacturers have designed explicitly for individual patient to match exactly the essential geometries coupled with different functional outcomes.

Additionally, homecare settings hold the unmet market needs for gait trainer devices, which especially are used in outpatient settings. The transportation of pediatric and elder population suffering from complete SCI, cerebral palsy, neurological disorder, stroke, trauma, etc. with some motor ability intact is a major concern for the family. In addition, the growing pressure to control hospital spending, homecare is considered as the right alternative. The vendors are focusing on to meet the needs of outpatient care, which reduces the therapy cost, complexity of transportation and waiting time.