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North America Walking Assist Devices Market Size Worth $2.42 Billion by 2021 | CAGR: 3.24%

(PharmaNewsWire.Com, December 07, 2017 )
North America Walking Assist Devices Market Size is expected to grow at 3.24% CAGR from 2016 to 2021 and it is projected that the North-America market was valued at USD 2.06 billion in 2016 and is anticipated to reach USD 2.42 billion by 2021.

A Walking Assist Devices is a device designed to assist walking or otherwise improve the mobility of people with a mobility impairment. There are various walking aids which can help people with impaired ability to walk and wheelchairs or mobility scooters for more severe disability or longer journeys which would otherwise be undertaken on foot. For people who are blind or visually impaired the white cane and guide dog have a long history of use. Other aids can help with mobility or transfer within a building or where there are changes of level. Traditionally the phrase " Walking Assist Devices " has applied mainly to low technology mechanical devices. The term also appears in government documents, for example dealing with tax concessions of various kinds. It refers to those devices whose use enables a freedom of movement similar to that of unassisted walking or standing up from a chair.

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The walking assist devices market growth is driven by the increase in geriatric population, rise in the instances of debilitating neurological diseases & injuries, and technological advancements & product leasing that have led to the increase in usage of walking assist devices. Moreover, rise in government initiatives to ensure availability of walking assist devices to the geriatric population in order to meet the demand is anticipated to fuel the North-America walking assist devices market. However, rise in the prevalence of the neurological diseases is expected to boost the North-America market in future. However, high cost associated with walking assist devices and some issues related to walking assist devices may hinder the North-America walking assist devices market growth.

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The North-America market is segmented on the basis of Product Type. On the basis of Product Type, it is segmented Gait Belts & Lift Vests, Canes, Crutches, Walker, Wheelchairs and Power Scooters. The wheelchairs segment contributed the largest share in this market segment. The demand for the walking devices is increasing amongst the geriatric population mainly due to benefits, such as the provision of support, balance, and the subsequent ability to live independently. In addition, the demand for the rehabilitation equipment is growing as a consequence of the significant role they play in bettering the lives of the physically-challenged.

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On the basis of geography, the market is analyzed under various regions namely U.S. and Canada. The market in North America held the largest share of the market due to the rising rates of obese population, as a result driving the procedure growth. The market growth is due to the technological advancements and government support and along with rise in the spending capacity population.
Some of the key companies dominating the market are C.T.M. Homecare Product, Inc., Ottobock, Ossenberg GmbH, Honda Motor Co., Ltd., Permobil Inc., GF Health Products, Inc., Invacare Corporation, Besco Medical Co., LTD., Betterlifehealthcare Ltd., Pride Mobility Products Corp., Aetna Inc., Sunrise Medical LLC, and Karma Healthcare Ltd.

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Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and sksillset dedicatedly serve clients from various industries and regions.

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Source: EmailWire.Com


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