According to a new market research report published by Acute Market Reports “Global Gait Trainer Market (Type (Gait Trainer Walker, Adult, Pediatric, Treadmill System, Exoskeleton); Application (Hospitals, Rehabilitation Center, Homecare Setting)) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall gait trainer market worldwide was valued at US$ 303.0 million in 2018 and is set to grow with a CAGR of 6.2 per cent during the forecast period.
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The global market for gait trainer is driven by an increasing number of patients suffering from various strokes and accidents and unable to walk. Gait Trainer is a portable equipment used by various patients, infants and others to make a balance. Several hospitals, clinics and rehabilitation centers are using these patient care facilities. Moreover, the availability of custom-based devices is also anticipating the growth of the market.
There are various benefits of using a gait trainer, such as helping to improve socio-emotional and psychological aspects, lower risk of pressure sores, improved lung function, improved circulation, prevention of contractures and increased movement, improved cognition growth with environmental scanning, prevention of contractures and increased motion, and others, which are also some of the benefits of using a gait trainer.
Based on the application, the market for gait trainer has been segmented as hospitals, rehabilitation centers and home care facilities. Hospital segment is considered to be the dominant segment with more than 40% of the market share due to the increased use and early adoption of gait trainers in hospitals. In addition, the increasing number of accidents, strokes and elderly populations are also fuelling the growth of the hospital segment.
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Asia-Pacific is considered to be the fastest-growing region with a CAGR of 7.4% over the forecast period due to increased investment by various companies in the regions. In addition, an increasing number of elderly people, infants and others are considered to be a major factor in the growth of the market in the region. In addition, increasing accidents, strokes and other diseases that affect a person’s walking ability also contribute to the growth of the market. The presence of developing economies in the region with a high population, such as China and India, is also driving market growth.
Some of the prominent players operating in the gait trainer market include Rifton Equipment, Medical Depot, Inc. (Drive Medical), Otto Bock Inc., Ekso Bionics, Hocoma AG, Rex Bionics Ltd., ReWalk Robotics, Alter G Inc., medica Medizintechnik GmbH, Meyland Smith A/S, and Biodex Medical Systems.