Mobility Devices Market to hit US$ 24.49 Billion by 2030 | Exclusive Report by Growth Plus Reports

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Pune, Oct. 20, 2022 (GLOBE NEWSWIRE) -- According to a new market research report titled, “Mobility Devices Market by Product (Walking Aids, Scooters, Wheelchairs), by Category (Adult, Pediatrics), by End-user (Hospitals Settings, Homecare Settings) – Global Outlook & Forecast 2022-2030 " published by Growth Plus Reports, the mobility devices market is expected to grow at a CAGR of 6.00% from 2021 to reach US$ 24.49 billion by 2030.

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Market Drivers

One of the primary factors that favorably affect the demand for mobility devices globally is the rising number of people with chronic medical diseases such as orthopedic and neurological disorders. The aging population, which is more prone to certain conditions, is another factor increasing the market. Additionally, the rise in accident cases resulting in severe injuries fuels the global need for mobility devices. In addition, the increasing use of devices by people with physical disabilities in public spaces, including malls, dining establishments, airports, and train stations, fosters a favorable outlook for the market. The industry is also expanding due to the easy availability and favorable reimbursement policies for purchased and rental devices.

Excerpts from ‘by Product’

The global mobility devices market is divided into:

  • Walking Aids
  • Scooters
  • Wheelchairs

The majority of the market is made up of the wheelchair segment. Accidents occur more frequently, and mobility issues fuel the wheelchair market expansion. Additionally, the market is anticipated to rise due to technical developments made by industry participants and increasing demand for wheelchairs in hospitals and clinics in both emerging and developed nations. The walking aid market is anticipated to grow with a high CAGR during the forecast period due to its highly increased demand.

Excerpts from ‘by End-user’

The global mobility devices market is divided into the hospital and homecare segments based on end-users. The hospital segment has dominated the market. This expansion is attributed to increased hospital admissions for treating neurological conditions such as paralysis, stroke, and multiple sclerosis, as well as increased traffic accidents. Additionally, as technology advances, the use of mobility devices is rising. However, due to the increased necessity of adopting gadgets for patient comfort, the homecare category is anticipated to experience rapid expansion during the projection period. Also, as the aging population grows, persistent disability may fuel market expansion.

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Excerpts from ‘By Region’

The global mobility devices market has been divided into four regions:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

The North American region has dominated the market due to the high patient population suffering from mobility issues. Furthermore, increased awareness about reimbursement policies is expanding the market. Also, the presence of the geriatric population is increasing the demand. The European segment is characterized by an increased aging population with mobility problems. Also, advanced healthcare infrastructure is anticipated to boost the market growth. The Asia Pacific region is expected to grow due to increased cases of limb dysfunction and diseases. Also, the demand for mobility devices is growing in this region due to increasing hospital density. 

Excerpts from ‘Competitive Landscape’

Some prominent players operating in the global mobility devices market are

  • Carex Health Brands, Inc.
  • GF Health Products, Inc.
  • Invacare Corporation
  • Medline Industries, Inc.
  • Stryker Corporation
  • Sunrise Medical (US) LLC
  • Pride Mobility Products Corp.
  • Drive DeVilbiss Healthcare
  • Briggs Healthcare, Inc.
  • Ottobock
  • 21st Century Scientific Inc.

 

Table of Content

  1. INTRODUCTION
    1. Market Ecosystem 
    2. Timeline Under Consideration
      1. Historical Years – 2020
      2. Base Year – 2021
      3. Forecasted Years – 2022 to 2030
    3. Currency Used in the Report
  2. RESEARCH METHODOLOGY 
    1.    Research Approach
    2. Data Collection Methodology
    3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
    4. Market Estimation Approach
      1. Bottom Up 
      2. Top Down 
    5. Market Forecasting Model
    6. Limitations and Assumptions       
  3. PREMIUM INSIGHTS
    1. Current Market Trends (COVID-19 Perspective)
    2. Key Players & Competitive Positioning (2021) 
  4. MARKET DYNAMIC0053
    1. Drivers
    2. Restraints
    3. Opportunities
  5. GLOBAL MOBILITY DEVICES MARKET - ANALYSIS & FORECAST, BY PRODUCT
    1. Walking Aids
    2. Scooters
    3. Wheelchairs 
  6. GLOBAL MOBILITY DEVICES MARKET - ANALYSIS & FORECAST, BY END-USER 
    1. Hospitals Settings
    2. Homecare Settings  

 

 

VALUE PROPOSITIONS RELATED TO THE REPORT:

  • Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
  • Comprehensive quantitative and qualitative insights at segment and sub-segment level
  • Covid 19 impact trends and perspective
  • Granular insights at global/regional/country level
  • Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
  • Blanket coverage on competitive landscape
  • Winning imperatives
  • Exhaustive coverage on 'Strategic Developments' registered by leading players of the market

CUSTOMIZATION OPTIONS:

  • Distributor Landscape Assessment
  • Pricing Intelligence
  • Customer Base Assessment
  • Investment & Initiatives Analysis
  • 'Business Profile' of Key Players

 

Directly Purchase Premium Copy of Mobility Devices Market Growth Report (2022-2030) at: https://growthplusreports.com/checkout?_token=jFclLJVt2TVsIBwMKpWICZw2lU2Z9FAaJ3Hqhcvb&report_id=7899&license=Single

 

 

About Us:

Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).

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