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Mobility Aids And Transportation Equipment Global Market Increasing Demand, Growth Analysis and Strategic Outlook - 2020
Mobility Aids And Transportation Equipment Global Market Report 2020 Including: 1) By Type: Electrically Powered Wheelchairs, Manual Wheelchairs, Walking Aids, Mobility Scooters, Stretchers, Stair Lifts 2) By End User: Hospital, Clinic, Household 3) By Age Group: Mobility Aids For Children, Mobility Aids For Elderly Covering: Medline Industries, Hoveround Corporation, Sunrise Medical LLC, OttoBock Healthcare GmbH, Stryker CorporationThe mobility aids and transportation equipment market consists of sales of mobility aids and transportation equipment and related services. Mobility aids and transportation equipment are medical devices used to transport patients or medical products from one place to another. Mobility aids and transportation equipment include wheelchairs, walkers, crutches and stretchers. They can be manually operated or motorized.
The global mobility aids and transportation equipment market was valued at about $2.7 billion in 2018 and is expected to grow to $2.85 billion at a CAGR of 1.4% through 2022.
A large number of aging population will give an impetus to the mobility aids & transportation equipment market. Elderly populations suffer from age-related diseases resulting in impaired mobility. The risk from rheumatoid arthritis and osteoporosis is more in the geriatric population. According to WHO, the worldwide geriatric population will double by 2050 from 12% top 22%, propelling the mobility aids & transportation equipment market growth.
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Insurance companies have attempted to control the costs of health care by shifting more of the responsibility to the individual. In 2002, the out-of-pocket expense, on average, for a family of four was $9,235 per year. By 2011, this number had risen to $19,393 for a family of four. And for 2016, the average out-of-pocket expense is $25,826. Insurance companies are attempting to discourage overuse by making subscribers more price sensitive through high deductibles, co-pays, and co-insurance (the portion of the health care bill for which the subscriber is responsible after the deductibles have been met).
Japanese auto makers introduced a single-seat self-driving car to aid and assist people who find walking or using public transit difficult. This self-driving car is smartphone or tablet enabled pick a destination on the map and the pathfinding system in the vehicle will take care of the rest. It is equipped with a navigation system which will help to get from point A to B, a gyro sensor helps the car to remain stable on uneven surfaces, 2D and 3D laser sensors will be used to judge distance from items and stereo cameras will be used to detect obstacles in its path. The car is designed to maneuver easily through city streets, across pavements and footpaths. Sensors and guidance systems will help the vehicle to navigate around bumps, potholes and pedestrians.
The Australian Road Rules (ARRs) regulate the use of 'motorized wheelchairs' on roads or road related areas such as footpaths. A motorized wheelchair, which is not able to travel faster than 10 km/h on level ground, is recognized under the ARRs as a pedestrian. This means that users are subject to the general road rules applying to pedestrians. A motorized wheelchair that can travel faster than 10 km/h on level ground is treated as a vehicle, which means that the person using the device is treated as a driver, who is subject to all of the road rules applying to drivers of vehicles.
In August 2018, Magic mobility was acquired by sunrise medical. Sunrise medical is a world leader in the development, design, manufacture, and distribution of manual wheelchairs, power wheelchairs, scooters, and seating & positioning product. It was incorporated in 1978 and is headquartered in Longmont, Colorado, USA.
Major players in the market are Medline Industries, Hoveround Corporation, Sunrise Medical LLC, OttoBock Healthcare GmbH and Stryker Corporation.
Mobility Aids And Transportation Equipment Market Global Report 2020 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the global mobility aids and transportation equipment market.
Regional Analysis For Mobility Aids And Transportation Equipment Market:
For comprehensive understanding of market dynamics, the global Mobility Aids And Transportation Equipment market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
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Influence of the Mobility Aids And Transportation Equipment market report:
-Comprehensive assessment of all opportunities and risk in the Mobility Aids And Transportation Equipment market.
-Mobility Aids And Transportation Equipment market recent innovations and major events.
-Detailed study of business strategies for growth of the Mobility Aids And Transportation Equipment market-leading players.
-Conclusive study about the growth plot of Mobility Aids And Transportation Equipment market for forthcoming years.
-In-depth understanding of Mobility Aids And Transportation Equipment market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Mobility Aids And Transportation Equipment market.
Browse the report description and TOC:
https://www.marketinsightsreports.com/reports/05072013620/mobility-aids-and-transportation-equipment-global-market-report-2020-including-1-by-type-electrically-powered-wheelchairs-manual-wheelchairs-walking-aids-mobility-scooters-stretchers-stair-lifts-2-by-end-user-hospital-clinic-household-3-by-age-group-mobil?source=revcitysports&Mode=54
Scope
Markets Covered: 1) By Type: Electrically Powered Wheelchairs, Manual Wheelchairs, Walking Aids, Mobility Scooters, Stretchers, Stair Lifts 2) By End User: Hospital, Clinic, Household 3) By Age Group: Mobility Aids for Children, Mobility Aids for Elderly
Companies Mentioned: Medline Industries, Hoveround Corporation, Sunrise Medical LLC, OttoBock Healthcare GmbH, Stryker Corporation
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time Series: Five years historic and forecast.
Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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