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Mobility Aids And Transportation Equipment Market Analysis, Trends, Growth, Research And Forecast 2033
Mobility Aids And Transportation Equipment Market
The Business Research Company's Mobility Aids And Transportation Equipment Global Market Report 2024 identifies the rising prevalence of disability cases as the major driver for the mobility aids and transportation equipment market's growth in the forecast period. A disability refers to a physical, mental, sensory, or cognitive impairment that can significantly impact a person's ability to perform everyday tasks or participate fully in society. Mobility aids and transportation equipment play a crucial role in improving the mobility and independence of individuals with disabilities. These devices are designed to help people with physical impairments move around more easily, access transportation, and participate in various activities. For instance, in March 2023, according to reports published by the World Health Organization, Switzerland-based intergovernmental health organization, an estimated 1.3 billion people experienced significant disability. This represents 16% of the world's population, or 1 in 6 people. Therefore, the rising prevalence of disability cases is driving the growth of the mobility aids and transportation equipment market.
The mobility aids and transportation equipment market size has grown strongly in recent years. It will grow from $3.23 billion in 2023 to $3.49 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to aging population, medical conditions and disabilities, rehabilitation and healthcare services, legislation and accessibility initiatives.
The mobility aids and transportation equipment market size is expected to see strong growth in the next few years. It will grow to $4.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to personalized mobility solutions, advanced materials and design, telehealth and remote consultations, aging-in-place solutions. Major trends in the forecast period include smart mobility aids, innovative transportation solutions, sustainable and eco-friendly aids, robot-assisted mobility.
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Major competitors in the mobility aids and transportation equipment market areMedline Industries, Hoveround Corporation, Sunrise Medical LLC, OttoBock Healthcare GmbH, Stryker Corporation, GF Health Products Inc., Invacare Corporation, LEVO AG, Permobil AB, Hill-Rom Holdings Inc., Merivaara Corporation, UpLyft, Mobius Mobility, SitnStand, Authority Medical Group, Ease Seating Systems, Matia Mobility, National Seating & Mobility, Pride Mobility Products Corp., Drive Medical Design & Manufacturing, Quantum Rehab, 21st Century Scientific Inc., Ki Mobility, Colours Wheelchair, Motion Composites, Karman Healthcare, Merits Health Products Co. Ltd., Nova Medical Products, Active Mobility Systems, Convaid Products LLC, R82 Inc.
A key trend in the mobility aids and transportation equipment market includes technological advancement.Major companies operating in the mobility aids and transportation equipment market are developing innovative products such as the Ultra-Lite 2 electric wheelchair to meet the growing demand for lightweight and portable electric wheelchairs and provide users with a more comfortable and supportive wheelchair. The Ultra-Lite electric wheelchair is a lightweight and portable electric wheelchair that is designed for users who are looking for a convenient and affordable way to get around. For instance, in August 2021, Falcon Mobility, a Singapore-based distributor for personal mobility aids, launched the Ultra-Lite 2 electric wheelchair, which is designed for users who are looking for a convenient and affordable way to get around. Its features include a cozy and ergonomic seat, customizable armrests and backrest, a foldable footrest for added comfort, a convenient front basket, integrated headlights and taillights for improved visibility, and a USB charging port for mobile devices. It is also easy to fold and unfold, and it can be disassembled in seconds for easy transport.
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The mobility aids and transportation equipment market is segmented -
• By Type: Electrically Powered Wheelchairs, Manual Wheelchairs, Walking Aids, Mobility Scooters, Stretchers, Stair Lifts
• By Age Group: Mobility Aids for Children, Mobility Aids for Elderly
• By End User: Hospital, Clinic, Household
• 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 2024" 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. Global Mobility Aids And Transportation Equipment Market Size and Growth
……
31. Global Mobility Aids And Transportation Equipment Market Competitive Benchmarking
32. Global Mobility Aids And Transportation Equipment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Mobility Aids And Transportation Equipment Market
34. Mobility Aids And Transportation Equipment Market Future Outlook and Potential Analysis
35. Appendix
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