Gait Trainer Market

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

  • 2018-05-10
  • REP-GB-2213
  • 372 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Gait Trainer Market

This study offers a comprehensive, 360 degree analysis on the Gait Trainer market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Gait Trainer market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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.

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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.

An outlook of the global gait trainer market with respect to the global healthcare industry

Despite the economic and political uncertainty in the recent past, the global healthcare industry has been receiving positive nudges from reformative and technological disruptions in medical devices, pharmaceuticals and biotech, in-vitro diagnostics, and medical imaging. Key markets across the world are facing a massive rise in demand for critical care services that are pushing global healthcare spending levels to unimaginable limits.

A rapidly multiplying geriatric population; increasing prevalence of chronic ailments such as cancer and cardiac disease; growing awareness among patients; and heavy investments in clinical innovation are just some of the factors that are impacting the performance of the global healthcare industry. Proactive measures such as healthcare cost containment, primary care delivery, innovation in medical procedures (3-D printing, blockchain, and robotic surgery to name a few), safe and effective drug delivery, and well-defined healthcare regulatory compliance models are targeted at placing the sector on a high growth trajectory across key regional markets.

Parent Indicators Healthcare

  • Current expenditure on health, % of gross domestic product

  • Current expenditure on health, per capita, US$ purchasing power parities (current prices, current PPPs)

  • Annual growth rate of current expenditure on health, per capita, in real terms

  • Out-of-pocket expenditure, % of current expenditure on health

  • Out-of-pocket expenditure, per capita, US$ purchasing power parity (current prices, current PPPs)

  • Physicians, Density per 1000 population (head counts)

  • Nurses, Density per 1000 population (head counts)

  • Total hospital beds, per 1000 population

  • Curative (acute) care beds, per 1000 population

  • Medical technology, Magnetic Resonance Imaging units, total, per million population

  • Medical technology, Computed Tomography scanners, total, per million population

Research Methodology

FMI utilizes a triangulation methodology that is primarily based on experimental techniques such as patient-level data, number of procedures and capital equipment install base to obtain precise market estimations and insights on various medical devices and medical technology. Bottom-up approach is always used to obtain insightful data for the specific country/regions. The country specific data is again analysed to derive data at a global level. This methodology ensures high quality and accuracy of information.

Secondary research is used at the initial phase to identify the feasibility of the target products/technology categories and its respective segments, product offerings, usage pattern as per disease indications, product installed base in target healthcare facilities, life span of a device, reimbursement scenario, adoption rate and future impact of new technologies.

Each piece of information is eventually analysed during the entire research project which builds a strong base for the primary research information.

Primary research participants include demand-side users such as key opinion leaders, physicians, surgeons, and supply-side providers of medical devices who provide valuable insights on trends, key treatment patterns, adoption rate, and purchasing pattern, technological development of medical devices, patient education, effectiveness of manufacturers and important strategies, pricing and competitive dynamics.

Quantitative and qualitative assessment of basic factors driving demand, economic factors/cycles and growth rates and strategies utilized by key players in the market is analysed in detail while forecasting, in order to project Year-on-Year growth rates. These Y-o-Y growth projections are checked and aligned as per industry/product lifecycle and further utilized to develop market numbers at a holistic level.

On the other hand, we also analyse various companies annual reports, investor presentations, SEC filings, 10k reports and press release operating in this market segment to fetch substantial information about the market size, trends, opportunity, drivers, restraints and to analyse key players and their market shares. Key companies are segmented at tier level based on their revenues, product portfolio and presence.

Please note that these are the partial steps that are being followed while developing the market size. Besides this, forecasting will be done based on our internal proprietary model which also uses different macro-economic factors such as per capita healthcare expenditure, disposable income, industry based demand driving factors impacting the market and its forecast trends apart from disease related factors.

Standard Report Structure

  • Executive Summary

  • Market Definition

  • Macro-economic analysis

  • Parent Market Analysis

  • Market Overview

  • Forecast Factors

  • Segmental Analysis and Forecast

  • Regional Analysis

  • Competition Analysis

Market Taxonomy

The global gait trainer market has been segmented on the following basis:

Region/Country

End User

Product Type

  • U.S.

  • Canada

  • U.K.

  • Germany

  • France

  • Italy

  • Netherlands

  • WesternEurope

  • EasternEurope

  • Latin America

  • India

  • China

  • Australia & New Zealand

  • Japan

  • APAC

  • MEA

  • Hospitals

  • Rehabilitation Center

  • Homecare Setting

  • Gait Trainer Walker

  • Adult

  • Pediatric

  • Treadmill System

  • Exoskeleton

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