0 9 min 4 weeks

The global “Mobility Devices Market” is projected to reach USD 14.86 billion by 2026, exhibiting a CAGR of 6.9% during the forecast period. Staggering rate of growth of geriatric population across the globe will be one of the crucial factors driving this market in the upcoming decade. Old age entails a plethora of disorders that generally restrict mobility in aged individuals and render them helpless. Given the rate at which the world population is ageing, the demand for devices aiding mobility is likely to spike. According the UN’s Population Division, DESA, people at or above 60 years of age are currently numbered at 962 million. In the next three decades, the global geriatric population will reach 2.1 billion, predicts the DESA. Furthermore, old people are more susceptible to accidents associated deteriorating motor functions. For instance, the National Council of Aging estimates about 2.8 million aged Americans are rushed to hospital emergency rooms annually as a result of falling. Thus, a combination of aging and mishaps associated with the process will fuel the mobility devices market trends during the forecast period.

Fortune Business Insights™ shares the above and other valuable market information in its recent report, titled “Mobility Devices Market Size, Share & Industry Analysis, By Product (Wheelchairs, Mobility Scooters, Walking Aids, and Others); By End-user (Personal Users and Institutional Users); and Regional Forecast, 2019-2026”, which states that the value of this market was at USD 8.75 billion in 2018. The report also provides:

  • Exhaustive research into profiles of market players, their strategies, and their product offerings;
  • Meticulous study of the different market segments;
  • In-depth analysis of the factors driving and challenging the market; and
  • Comprehensive evaluation of the regional developments shaping the market.

Major Mobility Devices Market Key players covered in the report include:

  • MEYRA GmbH
  • Permobil
  • Sunrise Medical Limited
  • Invacare Corporation
  • GF HEALTH PRODUCTS, INC.
  • 21st Century Scientific, Inc.
  • Pride Mobility Products Corp.
  • Ottobock

Get Request a Sample Copy of the Mobility Devices Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/mobility-devices-market-100520

Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for market to figure out and study the market’s needs, market size, and competition.

Mobility Devices Market Analysis 2021:

Growing Aging Population and Rise in Mobility Impairment Disorders to Drive the Market

The older population around the globe is continuously growing at an unprecedented rate. Aging decreases the ability to move and reduces the ability to perform physical tasks to maintain independent functioning among the elderly population. The growing older population count is likely to increase the percentage usage of mobile devices during the forecast period. According to the World Health Organization (WHO), in 2017, the global population aged 60 years or over was around 962 million and is projected to reach about 2.1 billion by 2050. Rising prevalence of chronic conditions such as arthritis, cerebral palsy, and muscular dystrophy among every age group is expected to increase the demand for highly advanced mobility aid devices during the forecast period.

Focus on Patient Safety and Comfort to Drive Innovation Among Players

“Strengthening market position is expected to be the primary focus of key players in this market”, says one of our lead analysts. One of the leading strategies adopted is increasing investment in innovation to come up with novel solutions, keeping patient comfort and safety in mind. Some players are also expanding their global presence through collaborations and acquisitions.

Industry Developments:

November 2019: GF Health Products launched its new Lumex Clinical Care Recliner. The device is wide, has a capacity to carry 450 pounds of weights, and boasts of a unique Drop Arm feature, which enables easy lateral transfer for the patient and the caregiver.

November 2019: German prosthetic major, Ottobock, acquired Belgian O&P specialist, Vigo, to expand its signature PatientCare Network in Europe. The company aims at targeting the patient pool in Belgium and in Poland. This will enable Ottobock to enhance the quality of its products as well as establish a strong regional distribution channel.

Have Any Query? Ask Our Research Experts: 

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/mobility-devices-market-100520

Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
  • Market Restraints
    • Market Opportunities
  • Key Insights
    • Number of people with Mobility Impairment using Mobility Devices- by Key Country/Region
    • Key Industry Developments (Mergers, Acquisitions, Partnerships, New Product Launches, etc.
    • The Regulatory Scenario for key Countries/Region
    • Technological Advancements in Mobility Devices
  • Global Mobility Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product
      • Wheelchairs
  • By Type
    • Manual
    • Powered
  • By Application
    • Standard Wheelchairs
    • Bariatric Wheelchairs
    • Sports Wheelchairs
    • Others
      • Mobility Scooters
  • By Wheel
    • 3 Wheels
    • 4 wheels
    • Others
      • Walking Aids
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Personal User
      • Institutional User
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  • North America Mobility Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Product
  • Wheelchairs
    • By Type
      • Manual
      • Powered
    • By Application
      • Standard Wheelchairs
      • Bariatric Wheelchairs
      • Sports Wheelchairs
      • Others
    • Mobility Scooters
      • By Wheel
        • 3 Wheels
        • 4 wheels
        • Others
      • Walking Aids
      • Others
    • Market Analysis – By End User
      • Personal User
      • Institutional User
    • Market Analysis – By Country
      • U.S.
      • Canada
  • Europe Mobility Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Product
      • Wheelchairs
  • By Type
    • Manual
    • Powered
  • By Application
    • Standard Wheelchairs
    • Bariatric Wheelchairs
    • Sports Wheelchairs
    • Others
      • Mobility Scooters
      • By Wheel
        • 3 Wheels
        • 4 wheels
        • Others
      • Walking Aids
      • Others
    • Market Analysis – By End User
      • Personal User
      • Institutional User
    • Market Analysis – By Country/Sub-region
      • U.K.
      • Germany
      • France
      • Spain
      • Italy
      • Scandinavia
      • Rest of Europe

Toc Continue…

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune -411045, Maharashtra, India.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

 

Related Reports :

Global Mobility Devices Market | Expected to Reach USD 14.86 billion (at CAGR of 6.9%) | COVID-19 Impact Covered | Forecast Period 2021-2027

Global Ocular Implants Market | Expected to Reach USD 7.94 billion (at CAGR of 5.7%) | COVID-19 Impact Covered | Forecast Period 2021-2027

Global U.S Secondary Hyperparathyroidism Treatment Market | Expected to Reach USD 7.06 billion (at CAGR of 9.0%) | COVID-19 Impact Covered | Forecast Period 2021-2027

Global Venous Leg Ulcer Treatment Market | Expected to Reach USD 4.84 billion (at CAGR of 6.4%) | COVID-19 Impact Covered | Forecast Period 2021-2027

Alzheimer’s Drugs Market Will Gain from Collaboration Between Eli Lilly and AC Immune to Develop Tau Aggregation Inhibitor, says Fortune Business Insights

Allergic Conjunctivitis Market to Hit USD 3.60 Billion by 2028; Proliferation of New Types of Allergens in Urban Areas to Stimulate Market Growth: Fortune Business Insights™

Antipsychotic Drugs Market to Hit USD 33.69 Billion by 2028; Stoked by Growing Awareness Regarding Psychotic Disorders, states Fortune Business Insights™

Leave a Reply

Your email address will not be published. Required fields are marked *