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Mobility Aids And Transportation Equipment Market

Market Insights on Mobility Aids And Transportation Equipment covering sales outlook, demand forecast & up-to-date key trends

Mobility Aids & Transportation Equipment Market By Product Type (Manual Wheelchairs, Electrically Powered Wheelchairs, Stretchers, Walking Aids, Mobility Scooters, Stair Lifts) & Region - Forecast 2022-2032

Mobility Aids And Transportation Equipment Market Overview

The mobility aids and transportation market is estimated to surpass $6318 million by 2023, growing at an estimated CAGR of more than 6.1% during 2018 to 2023.

Attributes

Details

Mobility Aids & Transportation Equipment Market(CAGR)

6.1%

Mobility Aids & Transportation Equipment Market (2023)

US$ 6318 million

Mobility aids and transportation equipment are devices that are designed and used to assist people with mobility impairment. These devices are mainly used to increase independent mobility for the injured or elderly population. There are many products, or we can say options available in the mobility aids and transportation equipment market that help a disabled person to stay active forever.

Rapid technological advancement and research and development in the healthcare sector has a guide to introduce innovative products that have enhanced the quality of life of the disabled people and made it possible for disabled people to move according to his own desire with the help of mobility aids and transportation equipment influencing sales of mobility aids and transportation equipment.

What is the Impact of Covid-19 on the Mobility Aids and Transportation Equipment Market?

Due to the huge general rise in inpatient admissions in hospitals, the COVID-19 pandemic had a positive impact on the demand for mobility aids and transportation equipment, such as wheelchairs, stairlifts, and many others.

Wheelchairs and walking aids were necessary by the medical personnel in order to improve the quality of patient care and make patients feel more comfortable while carrying out their everyday duties, which instigated the sales of mobility aids and transportation equipment.

What are the Growth Propellers to the Mobility Aids and Transportation Equipment Share?

Presently, the demand for mobility aids & transportation equipment as well as sales of mobility aids and transportation equipment is driven by the aging population, which led to a rise in the prevalence of cases with knee disorders, bone disorders and disabilities in mobility.

Mobility aids and transportation equipment market is driven by the technological advancement in the healthcare sector across the globe, increase in the prevalence of people suffering from a disability, rise in the number of hospitals, high adaptation rates of these devices, new technology innovations, also growing awareness for different types of equipment available and government initiatives in the field are driving the demand for mobility aids and transportation equipment market.

However, high-cost involvement and a large number of substitutes for mobility aids and transportation equipment act as a major barrier for sales of mobility aids and transportation equipment, which may induce a decrease in demand for mobility aids and transportation equipment.

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What are the Most Popular Mobility Aids and Transportation Equipment Market Applications?

Hospitals, clinics, residential facilities, and others are among the end-users evaluated for the mobility aids and transportation equipment market.

In hospitals, mobility aids such as wheelchairs, single sticks, crutches, wheeled walkers, and others are used to improve the functioning of impaired patients, while leg-supporting devices such as the forearm and underarm crutches are utilized to transport patients from one location to another, hence increasing sales of mobility aids and transportation equipment.

What does the Mobility Aids and Transportation Equipment Market Eye for in the Future?

Due to rapid technological advancement, a large number of an aging population, an increase in the prevalence of people suffering from a disability, an increase in the number of hospitals across the globe, and an increase in the prevalence of cases with knee disorders, bone disorders and disabilities in mobility, the mobility aids and transportation equipment market is expected to grow at a healthy CAGR in the forecast period with skyrocketing demand of mobility aids & transportation equipment and sales of mobility aids and transportation equipment.

Sabyasachi Ghosh
Principal Consultant
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What are the Regional Outlook Mobility Aids and Transportation Equipment Market?

Depending on geographic regions, the mobility aids and transportation equipment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.

North America is the leading mobility aids and transportation equipment market in terms of demand for mobility aids & transportation equipment and sales of mobility aids and transportation equipment, followed by Europe.

In the mobility aids and transportation equipment market Asia-Pacific is projected to grow at a substantial growth.

China and India are expected to be the fastest-growing demand for mobility aids & transportation equipment in the Asian region due to the large pool of patients, rising government funding and improvement in the healthcare facilities and will contribute to the sales of mobility aids and transportation equipment value exhibiting a robust CAGR during the forecast period.

How Strong is the Competition in the Mobility Aids and Transportation Equipment Market?

The mobility aids and transportation equipment market is likely to benefit from the development of new products with enhanced features. The sales of mobility aids and transportation equipment market are likely to benefit from technological advancements in emerging nations.

Stryker Corporation, Sunrise Medical, Inc., Invacare Corporation, Getinge AB, and Permobil AB are some of the main players in the mobility aids and transportation equipment market.

Medline Industries, Inc., Paramount Bed Co., Medical Depot, Inc., and Hill-Rom Holdings, Inc. are some of the other firms in the mobility aids and transportation equipment market.

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Scope Of Report

Report Attribute

Details

Growth rate

CAGR of 6.1% from 2022 to 2032

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Product, region

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Sunrise Medical LLC, Invacare Corporation, OttoBock Healthcare GmbH, Stryker Corporation, Medline Industries, GF Health Products Inc., Hoveround Corporation, LEVO AG, Permobil AB, Merivaara Corporation, and others

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

The major mobility aids and transportation equipment market share is dominated by manual wheel chairs valued at $3180 million anticipated to grow at a CAGR 5.4%.

At a CAGR of 7.4%, the mobility aids and transportation equipment market is estimated to reach $1.82 billion in 2025.

North America led the disposable mobility aids and transportation equipment market share.

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Mobility Aids And Transportation Equipment Market