The Global Mobility Aids And Transportation Equipment Market Report by The Business Research Company covers mobility aids and transportation equipment market drivers and restraints, mobility aids and transportation equipment market size, major players, and the impact of COVID-19 on the mobility aids and transportation equipment market.
The 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.
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.
The global mobility aids and transportation equipment market is expected to grow from $1.16 billion in 2020 to $1.38 billion in 2021 at a compound annual growth rate (CAGR) of 19%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.82 billion in 2025 at a CAGR of 7.2%.
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Some mobility aids and transportation equipment market trends include single seat self-driving cars. 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 path finding 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.
Global mobility aids and transportation equipment market segments include:
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.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Mobility Aids And Transportation Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides mobility aids and transportation equipment market overviews, analyzes and forecasts market size, share, mobility aids and transportation equipment market players, mobility aids and transportation equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The mobility aids and transportation equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Mobility Aids And Transportation Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Medline Industries, Hoveround Corporation, Sunrise Medical LLC, OttoBock Healthcare GmbH, Stryker Corporation, Medline Industries, GF Health Products Inc, Invacare Corporation, LEVO AG, Permobil AB, Hill-Rom Holdings, Inc, Merivaara Corporation.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Mobility Aids And Transportation Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Mobility Aids And Transportation Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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