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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