Gait Trainer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Gait Trainer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The gait trainer market is expected to register a CAGR of 6.1% over the forecast period.

COVID-19 had led to an increase in the demand for gait trainer exercises during the forecast period. According to the article titled "Rehabilitation in Adult Post-COVID-19 Patients in Post-Acute Care with Therapeutic Exercise" published in January 2021, there was the pre-post impact on the physical performance of multi-component therapeutic exercise for post COVID- 19 rehabilitation in a post-acute care facility. Post-ICU patients who were younger than patients with no ICU background ones experienced greater improvement in short physical performance battery and gait speed. Thus the gait trainer market experienced high demand during the COVID-19 recovery, thereby contributing to the growth of the market.

The gait trainer market is expected to propel due to increasing disorders such as cerebral palsy and skeletal deformities. Musculoskeletal is a disorder that leads to restricted mobility and it is one of the major contributors worldwide to disability. As per the article titled " Prevalence and factors associated with work-related musculoskeletal disorder among health care providers working in the operating room" published in December 2021 the prevalence of the work-related musculoskeletal disorder among study participants was 64.2%. Additionally, according to Work-Related Musculoskeletal Disorders statistics in Great Britain, in 2021, 470,000 people suffer from work-related musculoskeletal disorders which are new or long-standing in the year 2020-2021. Thus, the increasing number of musculoskeletal disorders is expected to increase the need for external help with gait training equipment, thereby accelerating the market growth.

Also, the increasing gait training device launches are expected to contribute to the growth of the market during the forecast period. For instance, in April 2021 CUSAT launched an advanced gait training device in a program organized in connection with world autism awareness day.

Thus, the above-mentioned factors are expected to drive the growth of the market during the forecast period. However, the high-cost instrument is expected to restrain the growth of the market over the forecast period.

Key Market TrendsNeurological Disorder Segment is Expected to Hold a Major Market Share in the Gait Trainer Market Over the Forecast Period.

The growing burden of neurological disorders such as cerebral palsy and multiple sclerosis is expected to drive this particular segment. the gait trainer is used in the treatment of multiple sclerosis as the disorder leads to severe disability and affects motor, sensory, automatic, and neurocognitive functions.

For instance, the article titled "Robot-Assisted Gait Training in Patients with Multiple Sclerosis: A randomized controlled crossover trial" published in July 2021 mentioned that gait disorders represent one of the most disabling aspects of multiple sclerosis that strongly influence patient quality of life. As per the study published in December 2020 titled “Rising prevalence of multiple sclerosis worldwide: Insights from the Atlas of MS, third edition,” a total of 2.8 million people are estimated to live with multiple sclerosis worldwide (35.9 per 100,000 population).

Furthermore, the article titled "Gait Re-education in Multiple Sclerosis" published in June 2021 mentioned that about 1 million individuals suffer from multiple sclerosis in the United States alone, and seem to be more common in individuals between 20-50 years of age. Women are also 3 times more likely to develop multiple sclerosis than men. The high incidence of such neurological diseases is expected to have a positive impact on the studied segment growth.

Also, the increasing launches by various market players are contributing to the growth of the studied segment during the forecast period. For instance, in April 2020 mHealth Technologies launched gair-improvement device for Parkinson's disease to improve their gait.

Thus the above-mentioned factors are expected to drive the growth of the studied segment during the forecast period.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same Over the Forecast Period

The growing burden of spinal cord injuries and product advancements is expected to drive the gait trainer market growth. Spinal cord injuries are caused due to damage the spinal cord which may lead to paralysis of the legs. According to Centre of Disease Control and Prevention (CDC) data updated in March 2022, the number of emergency department visits was 130 million and the number of injury-related visits was 35 million in the United States in 2021. This number of emergency visits coupled with an increased number of injuries is expected to lead to increased adoption of gait trainers to recover from the injuries.

Furthermore, as per the Atlas of Multiple Sclerosis, 3rd Edition, published in September 2020, the prevalence of multiple sclerosis in the Americas is 112 per 100,000. Such a high prevalence of multiple sclerosis in North America is expected to drive the growth of the market.

Also, the increasing product launches are expected to drive the growth of the market in this region. For instance, in August 2021, Sheltering Arms institute collaborated with VCU health and installed the Motek RYSEN 3D bodyweight support system in the western hemisphere.

Thus, owing to the abovementioned factors, the studied market in the North American region is expected to project growth over the forecast period.

Competitive Landscape

The gait trainer market is slightly fragmented in nature due to the presence of several companies operating globally as well as regionally. Some of the companies which are currently dominating the market are Meyland-Smith A/S, medica Medizintechnik GmbH, Rex Bionics Ltd., Rewalk Robotics, Hocoma, Alter G, Inc., Biodex Medical System, Rifton Equipment, US Bionics, Inc. and Ekso Bionics.

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1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Cases of Injuries Related to Walking Disability
4.2.2 Emerging Technology in Products
4.3 Market Restraints
4.3.1 High Cost Instrument
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value – USD million)
5.1 By Product Type
5.1.1 Gait Trainer Walker
5.1.2 Exoskeleton
5.1.3 Treadmill System
5.1.4 Accessories
5.2 By Application
5.2.1 Orthopedic Disorders
5.2.2 Neurological Disorders
5.2.3 Amputation
5.2.4 Others
5.3 By Age
5.3.1 Adult
5.3.2 Pediatric
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alter G, Inc.
6.1.2 Biodex Medical System
6.1.3 Ekso Bionics
6.1.4 DIH Medical Group (Hocoma)
6.1.5 medica Medizintechnik GmbH
6.1.6 Meyland-Smith A/S
6.1.7 Rewalk Robotics
6.1.8 Rex Bionics Ltd.
6.1.9 Rifton Equipment
6.1.10 US Bionics, Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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