Assisted Walking Device Market

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Assisted Walking Device Market To Rseach USD 2.14
Billion By 2026
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The rise in geriatric population, an increase in
chronic conditions like Parkinsons disease and
arthritis is boosting the market for assisted
walking devices.Market Size USD 1.97 Billion
in 2018, Market Growth - CAGR of 1.04, Market
Trends Advancement in assistive technology.The
Global Assisted Walking Device Market is forecast
to reach USD 2.14 Billion by 2026, according to a
new report by Reports and Data.The main focus
of assisted walking devices is empowering
individuals with disabilities and help them
restore their ability of movement and mobility.
The major driving factor promoting the global
assisted walking device is a rise in geriatric
population who are exposed to chronic conditions
like arthritis and associated musculoskeletal
issues. As a result of the increase in the
geriatric population, there has been a positive
impact on the global assisted walking device
market.Apart from the rise in geriatric
population, technological advancements also help
in boosting the market. It is because of
technological advancements there have been
enhancements in assistive technologies, making
assisted walking devices user-friendly. Hence,
developments in assistive technologies have also
resulted in making a positive impact on the
global assisted walking device market.
Applicability of assisted walking devices in
chronic conditions like Parkinson's disease,
arthritis, and tendonitis that requires
rehabilitation equipment followed by surgeries,
also have a positive impact on the market.
Market Summary
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• Further key findings from the report suggest
• With the rise in geriatric population, the number
  of individuals seeking assistive walking
  facilities will rise.
• In the year 2018, global assisted walking device
  market held a market share of USD 1.97 Billion,
  which is forecasted to reach USD 2.14 Billion by
  2026.
• Apart from the rise in geriatric population, the
  market is also boosted due to the high rate of
  prevalence of disabling neurological conditions
  like Parkinson's disease, Alzheimer's, in which
  assisted walking devices are applicable.
• These devices are also applicable in
  rehabilitation programs followed by surgical
  operations to promote muscle functioning and
  restore body balance among disabled and sedentary
  individuals.
• Such a diverse application of these devices
  result in having a positive impact on the market
  growth of assisted walking device market.
• Government supports provided to individuals with
  a disability while buying mobility products like
  exemption of VAT on these products also promotes
  the market.
• The global assisted walking device market is
  dominated by North America that held a market
  share of 32 in the year 2018 with a CAGR of 1.4
  during the forecast period.
• The reason for North America to dominate the
  market is a rise in geriatric population,
  technological advancements promoted by key
  players of the region and government support
  provided to individuals with a disability.
• In regards to application, assisted walking
  devices can be seen to be mostly applied in
  hospital and care home, which held a market share
  of 33 and 29 respectively, in the year 2018.

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Market Summary

• Key Players
• Permobil Inc., Invacare Corporation, GF Health
  Products, Inc., Honda Motor Co., Ltd.,
  Betterlifehealthcare Ltd., Besco Medical Co.,
  Ottobock, C.T.M. Homecare Product, Inc., Pride
  Mobility Products Corp., Sunrise Medical (US)
  LLC, Aetna Inc., Ossenberg GmbH, Electric
  Mobility Euro Ltd.
• Segmentation
• For the purpose of this report, Reports and Data
  have segmented the global assisted walking device
  market based on Product Type, Application,
  Technologies, and Region
• Product Type Outlook (Revenue, USD Billion
  2016-2026)
• Wheelchairs
• Walkers
• Walker cane hybrid
• Crutches
• Canes
• Gaits belts and lift vests
• Prosthetic Limb
• Power scooters
• Others

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Market Summary

• Technologies Outlook (Revenue, USD Billion
  2016-2026)
• Low Tech
• Mid Tech
• High Tech
• Application Outlook (Revenue, USD Billion
  2016-2026)
• Hospital
• Care Home
• Clinic
• Others
• Regional Outlook (Revenue, USD Billion
  2016-2026)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America

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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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