Mobility Aid Medical Devices Market to Grow at a Steady CAGR During Forecast Period
Rising technological
advancements in healthcare sector and increase in geriatric population to drive
global mobility aid medical devices market
According to
TechSci Research report, “Global Mobility
Aid Medical Devices Market By Type (Wheel-Chair, Walker, Mobility Scooter, Canes,
Others), By sector (organized, unorganized), By Material (Metal, Plastic,
Bamboo, Composites, Others), Function (Manual, Semi-Automatic, Fully-Automatic),
By Price Range (Economy, Mid-Range, Premium), By Region, Forecast &
Opportunities, 2025”, the global mobility aid medical
devices market is expected to grow at a steady CAGR during the forecast period on
account of increasing technological advancements in healthcare sector and increasing
geriatric population. Mobility aid medical devices are designed to assist the
elderly and disabled population to help them in moving around. People suffering
with mobility issues can choose these mobility aid medical devices based on the
range of motion. The rise in physically impaired population is also
contributing to the growth in mobility aid medical devices market. Rising
chronic conditions like arthritis, cerebral palsy, and muscular dystrophy are
further fueling the demand for mobility aid medical devices.
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The global
mobility aid medical devices market is segmented based on type, sector,
material function, price range, company and region. Based on type, wheelchair
is expected to hold the most dominant market share during the forecast period. Wheelchairs
enhance quality of movement and reduce common problems such as progression of
deformities, and pressure sores. Based on material, composites are expected to
dominate market during the forecast period as they are used more than
supplementary devices because of the material used.
GF Health Products,
Inc., Invacare Corporation, Pride
Mobility Products Corporation, Sunrise Medical Limited , OttoBock Healthcare
GmbH, Permobil AB, Drive Medical Ltd., Levo AG, 21st Century Scientific ,
Karman Healthcare Inc., Medical Depot Ubc, Meyra Wihelm Meyer GmbH & Co Ltd
are some of the leading players operating
in global mobility aid medical devices market. The companies operating in the
market are using organic strategies such as product launches, mergers and
collaborations to boost their share.
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“North America is expected to dominate
the global mobility aid medical devices market during forecast period due to increasing
number of patients being diagnosed with mobility impairment disorders and significant
increase in geriatric population. Europe is also expected to dominate the
global mobility aid medical devices market due to the growing geriatric
population and rising number of developmental disabilities among children. Rising
awareness campaigns being held by government about these medical devices is
another reason for growth of the market.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Mobility Aid Medical Devices Market By
Type (Wheel-Chair, Walker, Mobility Scooter, Canes, Others), By sector (organized,
unorganized), By Material (Metal, Plastic, Bamboo, Composites,
Others), Function (Manual, Semi-Automatic, Fully-Automatic), By Price Range
(Economy, Mid-Range, Premium), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global mobility
aid medical devices market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global mobility aid
medical devices market.
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