Medical Mobility Aids Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 According to the United Nations, the global population aged 60 years or over was numbered 962 million in 2017 and is expected to reach nearly 2.1 billion by 2050. This rapidly growing geriatric population base is an indication of the growing prevalence of various age-related diseases including orthopedic disorders such as osteoarthritis and rheumatoid arthritis and others. Owing to these facts and the increasing prevalence of neurological disorders like Parkinson’s disease, Epilepsy, Alzheimer’s disease the demand for various mobility aids devices is increasing all over the globe. Furthermore, favorable reimbursement policies and continuous evolution and advancement in mobility aid devices are also some of the other factors contributing to the growth of the medical mobility aids market.

According to UnivDatos Market Insights (UMI)’ research report “Global Medical Mobility Aids Market Analysis, 2021”, the medical mobility aids market is projected to grow at a CAGR of ~6% during 2021-27F. The demand for medical mobility aids is increasing on account of the growing number of people having disabilities. For instance, Almost 15% of the world’s population, experiences some form of disability, and disability prevalence is higher in developing countries. One-fifth of the estimated global total, or between 110 million and 190 million people, experience significant disabilities.

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Based on the product type, the market is fragmented into wheelchairs, walkers, crutches, stretchers, accessories, and others. The wheelchairs segment accounted for a considerable share in 2020 and is anticipated to register a lucrative CAGR during the forecast period. The growth of this segment can be attributed to the popularity of these mobility aid devices among the elderly population.

Hospitals & Clinics Segment to Witness Robust growth

Based on end-users, the market is segmented into hospitals & clinics, ambulatory surgical centers, home care settings, and others. The hospitals & clinics segment had the highest revenue and CAGR growth in the analyzed period owing to the presence of several advanced types of equipment in hospitals, such as remote-controlled wheelchairs and innovative gadgets at their disposal, that can increase the quality of patient care.

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North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, North America dominated the global medical mobility aids market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the well-established market players and frequent product launches. North America is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Medical Mobility Aids Market Analysis, 2021”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Medical Mobility Aids Market include Invacare Corporation, Stryker Corporation, GF Health Products, Inc., Sunrise Medical LLC, Briggs Healthcare, Benmor Medical Limited, Medline Industries Inc., Ostrich Mobility Instruments Pvt. Ltd., Ottobock, NOVA Medical Products, among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Medical Mobility Aids Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for medical mobility aids providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Product Type (Wheelchairs, Walkers, Crutches, Stretchers, Accessories, and Others)

2.      By End-Users (Hospitals & Clinics, Ambulatory Surgical Centers, Home Care Settings, and Others)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (Invacare Corporation, Stryker Corporation, GF Health Products, Inc., Sunrise Medical LLC, Briggs Healthcare, Benmor Medical Limited, Medline Industries Inc., Ostrich Mobility Instruments Pvt. Ltd., Ottobock, NOVA Medical Products, etc.)

Key questions answered in the study:

1.      What are the current and future trends of the medical mobility aids industry?

2.      How the industry has been evolving in terms of product type and end-users?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the medical mobility aids industry?

5.      What is the customer orientation, purchase behavior, and expectations from the medical mobility aids firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 GLOBAL MEDICAL MOBILITY AIDS MARKET REVENUE

7 MARKET INSIGHTS BY PRODUCT TYPE

8 MARKET INSIGHTS BY END-USERS

9 MARKET INSIGHTS BY REGION

10 MEDICAL MOBILITY AIDS MARKET DYNAMICS

11 MEDICAL MOBILITY AIDS MARKET OPPORTUNITIES

12 MEDICAL MOBILITY AIDS MARKET TRENDS & INSIGHTS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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