The Global Gait Trainer Industry is gearing up for a period of sustained and steady growth, projecting a moderate Compound Annual Growth Rate (CAGR) of 4.9% over the specified period, according to the latest industry analysis by Future Market Insights (FMI). As of 2022, the market is already valued at an impressive US$ 342.7 million and is expected to ascend to a noteworthy US$ 456.3 million by the close of 2028.
In the realm of assistive technology, gait trainers play a pivotal role, in providing support and rehabilitation to individuals with mobility challenges. The anticipated growth in the global gait trainer industry reflects the increasing demand for innovative solutions to enhance the quality of life for those with mobility impairments.
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Research Methodology of the Global Gait Trainer Industry
FMI adopts a triangulation methodology to provide accurate and precise market estimations and insights for various medical devices and technologies. This approach primarily relies on patient-level data, the number of procedures, and the capital equipment installation base obtained through experimental techniques. The bottom-up approach is always used to obtain country-specific data and then analyze it to generate global data. This ensures the data’s high quality and accuracy.
In the initial stage, secondary research is conducted to determine the feasibility of the target products/technology categories, segments, product offerings, usage patterns, device lifespan, reimbursement scenarios, adoption rates, and future impact of new technologies. Each piece of information is meticulously analyzed to create a solid foundation for primary research.
Primary research involves the participation of demand-side users, including key opinion leaders, physicians, surgeons, and supply-side providers of medical devices. These stakeholders provide valuable insights on trends, key treatment patterns, adoption rates, purchasing patterns, technological advancements, patient education, manufacturer effectiveness, pricing, and competitive dynamics. This information is further analyzed throughout the research project to ensure comprehensive and accurate market insights.
To project Year-on-Year (Y-o-Y) growth rates for the market, we conduct a quantitative and qualitative assessment of the fundamental factors driving demand, economic factors and cycles, growth rates, and the strategies used by key players. These Y-o-Y growth projections are adjusted and aligned according to the industry/product lifecycle and utilized to develop holistic market numbers.
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Additionally, we analyze the annual reports, investor presentations, SEC filings, 10k reports, and press releases of various companies operating in this market segment to obtain detailed information on market size, trends, opportunities, drivers, restraints, key players, and their market shares. These key companies are classified into tiers based on their revenue, product portfolio, and market presence.
It’s important to note that these are only the initial steps in developing the market size. In addition to disease-related factors, we use our internal proprietary model for forecasting, which takes into account various macroeconomic factors such as per capita healthcare expenditure, disposable income, industry-based demand driving factors, and their impact on the market forecast trends.
Top 11 Key Companies Profiled in the Global Gait Trainer Industry
- Meyland Smith A/S
- Biodex Medical Systems
- medica Medizintechnik GmbH
- ReWalk Robotics
- Alter G Inc.
- Rex Bionics Ltd.
- Ekso Bionics
- Hocoma AG
- Otto Bock Inc.
- Rifton Equipment
- Medical Depot Inc. (Drive Medical)
Key Segments Covered in Global Gait Trainer Industry Survey
Global Gait Trainer Industry by Product Type:
- Gait Trainer Walkers
- Adult
- Pediatric
- Exoskeletons
- Treadmill Systems
Global Gait Trainer Industry by End User:
- Gait Trainers for Hospitals
- Gait Trainers for Rehabilitation Centers
- Gait Trainers for Home Care Settings
Global Gait Trainer Industry by Region:
- North America Gait Trainer Market
- Latin America Gait Trainer Market
- Europe Gait Trainer Market
- East Asia Gait Trainer Market
- South Asia & Pacific Gait Trainer Market
- Middle East & Africa (MEA) Gait Trainer Market
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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