Press release
Global Mobility Aid Devices Market Size By Type (Wheelchairs, Mobility Scooters, Walking Aids), By End User (Personal User, Institutional User), By Geographic Scope And Forecast
Global Mobility Aid Devices Market
In 2021, the market for mobility aids was worth approximately US$ 9.5 billion. It is predicted to grow at a CAGR of 5.1% between 2023 and 2032. By the end of 2031, the market for mobility aids is anticipated to be worth US$15.6 billion.
Analysts' Viewpoint on Mobility Aid Devices Market Scenario
Due to the increased incidence of health-compromising illnesses, there is an increase in the use of mobility aids among the elderly population worldwide. Personal mobility equipment makes it easier for persons with impairments to move around and promotes independent living. The market for mobility aid devices is predicted to grow as a result of an increase in the world's disabled population and rising consumer acceptance of better or more technologically advanced items. Because of advancements in powered wheelchairs and mobility lifts, the market is anticipated to rise steadily throughout the course of the projected period. In order to keep their businesses expanding after the COVID-19 epidemic, companies that operate in the mobility aid device industry are focused on technological developments of the devices.
Overview of Mobility Aid Devices Market
Mobility problems are the most prevalent type of sickness, and patients' use of mobility aids can promote independence, autonomy, and social engagement. The usage of mobility aids is rising as a result of these ailments being more common in the elderly population.
Over the years, mobile gadgets used by humans have changed and developed. Manufacturers of wheelchairs and other types of mobility equipment place a strong emphasis on the weight, flexibility, and efficiency of their products.
Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Mobility Aid Devices manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Mobility Aid Devices market covering all its essential aspects.
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Global Mobility Aid Devices Market: Segmentations
Global Mobility Aid Devices Market: By Key Players
Invacare Corporation
Sunrise Medical
Ottobock
Patricia Industries (a part of Inestor)
GF Health Products
MEYRA Group
Medical Depot
Pride Mobility Products
Merits Co. Ltd
Global Mobility Aid Devices Market: By Types
Wheelchairs
Mobility Scooters
Walking Aids
Mobility Lifts
Global Mobility Aid Devices Market: By Applications
Hospitals and Nursing Homes
Home Care Settings
Global Mobility Aid Devices Market: Regional Analysis
The countries covered in the regional analysis of the Global Mobility Aid Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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An Overview of the Impact of COVID-19 on Market: The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic. We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Regional Outlook of Global Mobility Aid Devices Market
In 2021, North America held a significant 50% market share for mobility aid devices worldwide. From 2023 to 2032, the market in the area is anticipated to grow at a CAGR of more than 4%.
Mobility aid device sales in the Asia Pacific area were increasing quickly in 2021, and throughout the forecast period, the market is expected to have a CAGR of about 5%.
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Frequently Asked Questions
• What is the total market worth of mobility aid devices market?
• What is the anticipated CAGR of the mobility aid devices market in the forecast period?
• What are the key driving factors for the growth of the mobility aid devices market?
• Which region is expected to project the highest market share in the global mobility aid devices market?
• Who are the key players in the mobility aid devices market?
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Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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