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Mobility Aids And Transportation Equipment Market 2023 - By Growth Rate, Sales, Production, Consumption Manufacturers, Shares And Outlook By 2032
Mobility Aids And Transportation Equipment Market
The Business Research Company's Mobility Aids And Transportation Equipment Global Market Report 2023 identifies large aging population as the major driver for the Mobility Aids And Transportation Equipment market's growth in the forecast period. The 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% to 22%, propelling the mobility aids & transportation equipment market growth.
The global mobility aids and transportation equipment market size will grow from $2.94 billion in 2022 to $3.18 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the mobility aids and transportation equipment is expected to grow to $4.12 billion in 2027 at a CAGR of 6.7%.
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Major competitors in the Mobility Aids And Transportation Equipment market are Medline Industries, Hoveround Corporation, Sunrise Medical LLC., OttoBock Healthcare GmbH.
A key trend in the Mobility Aids And Transportation Equipment market includes single-seat self-driving car. 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, pavements, and footpaths. Sensors and guidance systems will help the vehicle to navigate around bumps, potholes, and pedestrians.
Read More On The Global Mobility Aids And Transportation Equipment Market Report Here:
https://www.thebusinessresearchcompany.com/report/mobility-aids-and-transportation-equipment-global-market-report
The Mobility Aids And Transportation Equipment market is segmented -
• By Type: Electrically Powered Wheelchairs, Manual Wheelchairs, Walking Aids, Mobility Scooters, Stretchers, Stair Lifts
• By End User: Hospital, Clinic, Household
• By Age Group: Mobility Aids for Children, Mobility Aids for Elderly
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Mobility Aids And Transportation Equipment market.
The Business Research Company's "Global Mobility Aids And Transportation Equipment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Mobility Aids And Transportation Equipment Market Include:
1. Executive Summary
2. Mobility Aids And Transportation Equipment Market Characteristics
3. Mobility Aids And Transportation Equipment Market Trends And Strategies
4. Mobility Aids And Transportation Equipment Market - Macro Economic Scenario
5. Mobility Aids And Transportation Equipment Market Size And Growth
…………………………………
26. Africa Mobility Aids And Transportation Equipment Market
27. Mobility Aids And Transportation Equipment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Mobility Aids And Transportation Equipment Market
29. Mobility Aids And Transportation Equipment Market Future Outlook and Potential Analysis
30. Appendix
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