Gait Rehabilitation System Market: Segmented By Product (Mechanical Type, Computer-aided and Others); By End-User (Hospital, Clinic, Rehabilitation Center and Other) Global Analysis By Market Size, Share & Trends For 2020-2021 And Forecasts To 2031
[ 176 + Pages Research Report ] Gait Rehabilitation System Market to surpass USD 225.8 billion by 2031 from USD 136.8 billion in 2021 at a CAGR of 5.14% within the coming years, i.e., 2021-31.
Gait rehabilitation technology is rising exponentially as retrieval functional gait is seen as a must for independent living in real-world situations. The several kinds of walking difficulties have urged the growth of the broad spectrum of gait systems in many neurological, medical, and traumatic diseases. Gait Rehabilitation system is a significant part of the therapy plan for patients with movement disorders of the lower extremities. The goal of the rehabilitation system is mainly to help the patient return to the highest possible level of function and independence while improving the overall quality of life - physically, emotionally, and socially.
Gait Rehabilitation System Market is predicted to project a notable CAGR of 5.14% in 2031.
Components such as the growing incidence of neurological disorders, and the rising number of sports injuries and orthopedic diseases cases drive the market growth.
Mechanical segment to grow with the highest CAGR during 2021-2031
On the basis of Product, Gait Rehabilitation System Market is segmented into Mechanical Type, Computer-aided, and Others. Mechanical type segment held a maximum market share and is anticipated to register a higher CAGR during the forecast years.
Hospital segment to grow with the highest CAGR during 2021-2031
Based on End-user, Gait Rehabilitation System Market is broadly segmented into hospitals, clinics, Rehabilitation Center, and Others. Hospital segment accounted for the largest share in the Gait Rehabilitation System Market. Whereas the market for the rehabilitation centers segment is expected to grow at a CAGR of 6.3% during the forecast years.
Increasing number of stroke and neurological disorders resulting
Factors driving the growth of the gait rehabilitation system market are the increasing number of stroke and neurological disorders which results in gait disabilities worldwide, along with Technological advancement in the gait rehabilitation systems. Additionally, increasing uses of gait rehabilitation system in nutraceutical industries and growing investments by major market players in capsule manufacturing plants is expected to drive the market growth.
Increasing spending on healthcare
The increasing spending on healthcare in developing economies is enabling companies to operate in this sector to offer a large range of superior-quality offerings. Therefore, the adoption of gait rehabilitation systems is likely to increase in regions such as Asia, the Middle East, and Africa in the forecast years.
Huge capital investment and high cost
Gait Rehabilitation System needs high capital investment and integration of complex mechanisms, which are the major challenges during the early phase. The high cost of a vegetarian gait rehabilitation system is expected to hinder the growth of the Gait Rehabilitation System Market.
Effects of COVID19 in the Gait Rehabilitation System Market
Gait rehabilitation systems market suffered a shortage at the start of the COVID-19 crisis owing to supply chain disruption and demand due to the lockdown announced by most countries. COVID-19 has had a significant negative effect on the gait rehabilitation systems market. The COVID-19 pandemic can deprive patients with neurological diseases of their usual care. During the COVID-19 pandemic, there was a tendency for home exercise plans owing to the limited period of therapy and access to physical treatment. Self-rehabilitation at home is a progressively common part of rehabilitation programs, especially for various long-term illnesses such as MS.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Gait Rehabilitation System Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. North America is expected to witness maximum market growth. The development of the market can be because of the growing burden of strokes among the geriatric population, growing product launches, and R&D Activities as well as other activities undertaken by the prominent market players operating in the market to develop advanced gait rehabilitation systems. On the other hand, Asia Pacific is also expected to register growth in the forecast timeframe.
Gait Rehabilitation System Market is further segmented by region into:
Gait Rehabilitation System Market Segments:
|Market size value in 2021||USD 136.8 billion|
|Revenue forecast in 2031||USD 225.8 billion|
|Growth Rate||CAGR of 5.14% from 2021 to 2031|
|Base year for estimation||2021|
|Quantitative units||Revenue in USD billion and CAGR from 2021 to 2031|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Product, End-user, and Region|
|Region scope||North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)|
|Key companies profiled||Lonza, Pacific BioLabs, Charles River, Merck, Eurofins, Medicilon, GenScript, BioMérieux/Hyglos, Accugen Labs, Fujifilm, Steris, Nelson Laboratories|
The Gait Rehabilitation System Market size was estimated at USD 136.8 billion in 2021 and is expected to reach 225.8 billion by 2031.
Key players: Lonza, Pacific BioLabs, Charles River, Merck, Eurofins, Medicilon, GenScript, BioMérieux/Hyglos, Accugen Labs, Fujifilm, Steris, Nelson Laboratories, and Other prominent players.
Mechanical segment and Hospital segment are anticipated to hold the largest Gait Rehabilitation System Market.
Drivers: Increasing number of stroke and neurological disorders resulting and Increasing spending on healthcare
Gait rehabilitation technology is rising exponentially as retrieval functional gait is seen as a must for independent living in real-world situations. The several kinds of walking difficulties have urged the growth of the broad spectrum of gait systems in many neurological, medical, and traumatic diseases. Gait Rehabilitation system is a significant part of the therapy plan for patients with movement disorders of the lower extremities.
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