Summary

South Korea, known for its technological innovation, has been at the forefront of developing advanced walking assist devices. The country's expertise in robotics and healthcare technologies has contributed to the creation of sophisticated devices that use cutting-edge technologies to enhance mobility. South Korea has invested significantly in research and development initiatives focused on walking assist devices. Collaborations between academia, industry, and research institutions have resulted in the creation of devices that leverage the latest scientific advancements. Similar to many developed nations, South Korea is experiencing demographic shifts with an aging population. This demographic trend has led to an increased demand for walking assist devices as a means to address mobility challenges among seniors. South Korea has seen a notable integration of exoskeleton technology into walking assist devices. Exoskeletons provide powered support to the user's limbs, assisting in mobility and rehabilitation. This technology has applications in various fields, including healthcare and military. South Korean manufacturers emphasize user experience in the design of walking assist devices. This includes ergonomic designs, intuitive interfaces, and features that enhance overall comfort, contributing to higher user acceptance and adoption. South Korea has become a destination for medical tourism, and rehabilitation centers in the country often leverage advanced walking assist devices as part of comprehensive rehabilitation programs. This contributes to the country's reputation for providing high-quality healthcare services. South Korea's culture is known for its enthusiasm and embrace of technological advancements. This cultural disposition towards technology has facilitated the acceptance and integration of walking assist devices into daily life, making these devices more readily adopted by the population. South Korea has a thriving start-up ecosystem focused on developing innovative assistive technologies, including walking assist devices. These start-ups often bring fresh perspectives and agile development approaches, contributing to the diversity of products available in the market.

According to the research report, "South Korea Walking Assist Devices Market Outlook, 2028," published by Bonafide Research, the South Korea Walking Assist Device market is anticipated to add to more than USD 20 Million by 2023–28. AI is increasingly being integrated into walking assist devices in South Korea. AI algorithms are utilized for personalized gait analysis, adapting the device's assistance based on the user's individual walking patterns and needs. Given the urban landscape and the prevalence of compact living spaces, there is a trend towards the development of walking assist devices that are compact, lightweight, and easy to maneuver. This addresses the practical needs of individuals living in densely populated areas. The integration of walking assist devices with telehealth services is gaining traction. This allows for remote monitoring of users' mobility and enables healthcare professionals to provide virtual consultations and support, especially useful for individuals in remote areas. Walking assist devices in South Korea are becoming smarter with the integration of connectivity features and the Internet of Things (IoT). This allows for real-time monitoring, data collection, and analysis, contributing to more effective rehabilitation programs. Augmented Reality (AR) technologies are being explored for integration into walking assist devices. These technologies can provide users with real-time information, guidance, and interactive feedback during mobility and rehabilitation activities. Some walking assist devices in South Korea are incorporating voice command features and AI-assisted navigation. This allows users to control the device through voice commands and receive guidance for navigating various environments. The integration of wearable sensor technologies is on the rise in South Korea. These sensors can provide real-time feedback on gait patterns, weight distribution, and other relevant metrics, aiding in the customization of walking assist devices for individual users.

In terms of product the market is categorized into Walkers and Rollators, Canes & Crutches and Other Mobility Care Products. South Korea has experienced significant urbanization and the development of modern infrastructure. Walkers and Rollators are well-suited for urban environments, providing support for individuals navigating busy streets, public transportation, and other crowded areas. Walkers and Rollators are often recommended for individuals undergoing rehabilitation after surgery or injury. The post-surgery rehabilitation market can be a significant driver for the walkers and Rollators segment in South Korea. Walkers and Rollators designed with a focus on inclusivity, considering the needs of users of all ages, may be more widely accepted. Devices that cater to a broad demographic, including younger individuals with mobility challenges, can contribute to the segment's growth. Based on end user, Adults in the workforce may have occupational demands that require them to stay mobile and active. In professions that involve prolonged periods of standing or walking, individuals may seek walking assist devices to alleviate strain on joints and improve overall mobility. Adults undergoing surgery, whether due to injury or medical procedures, often require walking assist devices during the rehabilitation period. Walkers and Rollators can provide the necessary support for adults recovering from surgeries, contributing to the growth of the adult segment. In addition based on distribution channel, Offline channels, such as physical stores and healthcare facilities, offer in-person consultations and fittings. Individuals seeking walking assist devices often benefit from the expertise of healthcare professionals who can assess their specific needs and recommend suitable products. The personalized assistance provided offline can contribute to the growth of this distribution channel. Offline channels provide the opportunity for customers to physically try out and demonstrate walking assist devices before making a purchase. This hands-on experience allows individuals to assess the comfort, fit, and functionality of the device, leading to more informed buying decisions. The ability to test the product before purchasing is a significant advantage of offline channels.

Considered in this report:
• Geography: South Korea
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• South Korea Walking Assist Device market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Walkers and Rollators
• Canes & Crutches
• Other Mobility Care Products

By Distribution channel
• Online
• Offline

By End User
• Adult
• Child

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Walking Assist Device industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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