Over the forecast period, the global Gait Trainer Market is expected to grow at a moderate CAGR of 4.9%. According to the most recent industry analysis by Future Market Insights, the market will be worth US$ 342.7 million in 2022 and will be worth US$ 456.3 million by the end of 2028.
A rapidly growing geriatric population; an increase in the prevalence of chronic diseases such as cancer and cardiac disease; increased patient awareness; and significant investments in clinical innovation are just a few of the factors influencing the performance of the global healthcare industry. Healthcare cost containment, primary care delivery, medical procedure innovation (3-D printing, blockchain, and robotic surgery, to name a few), safe and effective drug delivery, and well-defined healthcare regulatory compliance models are among the proactive measures aimed at putting the sector on a high growth trajectory across key regional markets.
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Research Methodology
To obtain precise market estimations and insights on various medical devices and medical technology, FMI employs a triangulation methodology that is primarily based on experimental techniques such as patient-level data, number of procedures, and capital equipment instal base. To obtain insightful data for a specific country/region, the bottom-up approach is always used. The country-specific data is then analysed again to generate global data. This methodology ensures that the information is of high quality and accurate.
In the initial phase, secondary research is used to determine the feasibility of the target products/technology categories and their respective segments, product offerings, usage pattern according to disease indications, product installed base in target healthcare facilities, device life span, reimbursement scenario, adoption rate, and future impact of new technologies.
Each piece of information is eventually analysed throughout the entire research project, creating a solid foundation for the primary research information.
Demand-side users such as key opinion leaders, physicians, surgeons, and supply-side providers of medical devices participate in primary research, providing 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.
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In order to project Year-on-Year growth rates, a quantitative and qualitative assessment of basic factors driving demand, economic factors/cycles, and growth rates, as well as strategies used by key players in the market, is conducted. 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 examine various companies’ annual reports, investor presentations, SEC filings, 10k reports, and press releases that operate in this market segment to obtain detailed information about the market size, trends, opportunity, drivers, and restraints, as well as key players and their market shares. Key companies are classified into tiers based on their revenue, product portfolio, and market presence.
Please keep in mind that these are only the first steps in developing the market size. Aside from disease-related factors, forecasting will be done using our internal proprietary model, which takes into account various macroeconomic factors such as per capita healthcare expenditure, disposable income, industry-based demand driving factors impacting the market and its forecast trends.
Market Taxonomy
The global gait trainer market has been segmented on the following basis:
End User
- Hospitals
- Rehabilitation Center
- Homecare Setting
Product Type
- Gait Trainer Walker
- Adult
- Pediatric
- Treadmill System
- Exoskeleton
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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