Gait Trainer Market Size, Share, Industry Trends and Forecast to 2030

Gait Trainer Market Size & CAGR in 2021

The global gait trainer market is estimated to have reached a size of USD 150 million in 2021, with a Compound Annual Growth Rate (CAGR) of 5% from 2021 to 2026. The market is projected to reach USD 200 million by 2026, driven by factors such as the increasing prevalence of neurological disorders and the rising geriatric population.

COVID-19 Impact on the Gait Trainer Market

The COVID-19 pandemic had a significant impact on the gait trainer market, causing disruptions in the supply chain and manufacturing processes. However, the demand for gait trainers increased as hospitals and rehabilitation centers sought to equip themselves with the necessary devices to aid patients in their recovery process. The market witnessed a surge in demand for home-based gait trainers as well, as patients preferred to continue their rehabilitation programs from the comfort of their homes.

Gait Trainer Dynamics

The gait trainer market is driven by the growing prevalence of neurological disorders such as stroke, Parkinson's disease, and multiple sclerosis. These conditions often result in gait impairments, leading to the need for gait training devices. Additionally, the rise in the geriatric population, who are more prone to mobility issues, contributes to the demand for gait trainers. Technological advancements in gait training devices, such as robotic gait trainers and virtual reality-based systems, are also fueling market growth.

Segments and Related Analysis

The gait trainer market can be segmented based on product type, end-user, and region. Product types include treadmill-based gait trainers, exoskeletons, and wearable devices. End-users of gait trainers include hospitals, rehabilitation centers, and home care settings. Regionally, North America dominates the gait trainer market, followed by Europe and Asia Pacific. The increasing adoption of advanced gait training technologies in these regions drives market growth.

By Region Analysis

In North America, the gait trainer market holds the largest share due to the presence of well-established healthcare infrastructure and a high prevalence of neurological disorders. Europe follows closely behind, with a significant market share attributed to the increasing focus on research and development in the field of gait training. The Asia Pacific region is poised for rapid growth, driven by the rising geriatric population and the improving healthcare facilities.

Key Market Players and Competitive Landscape

Key players in the gait trainer market include AlterG Inc., Biodex Medical Systems Inc., Ekso Bionics Holdings Inc., Hocoma AG, and Motekforce Link BV. These companies focus on product innovation, strategic partnerships, and acquisitions to maintain their market positions. The competitive landscape of the gait trainer market is intense, with players vying for market share through novel technological advancements and geographical expansions.

Recent Happenings in the Gait Trainer Market

In recent years, the gait trainer market has witnessed several developments aimed at enhancing the effectiveness and usability of gait training devices. Companies have launched new products with advanced features such as real-time feedback systems, personalized training programs, and cloud-based data analytics. Additionally, collaborations between technology providers and healthcare institutions have led to the development of integrated solutions that offer comprehensive gait training services to patients.