Global Medical Mobility Aids Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth
- Vikas Kumar
- May 17, 2022
- HEALTHCARE, NEWS
- Medical Mobility Aids Market, Medical Mobility Aids Market News, Medical Mobility Aids Market Report, Medical Mobility Aids Market Share, Medical Mobility Aids Market Size, Medical Mobility Aids Market Trend
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Global medical mobility aids market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 6% during the forecast period (2021-2027F). Medical mobility aids are the devices that provide an easy & safe way to move and transfer patients from one location to other, enabling them to be more independent and mobile. These devices can be complex electronically powered machines or basic machines and have wide applications in the healthcare industry.
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The growth of the medical mobility aids market across the globe is witnessing growth on account of rising disposable income globally, rapid urbanization, a surge in the aging population, and growing awareness among them regarding the use of various mobility aid devices to become independent. Furthermore, an increase in cases of accidents acts as a key growth driver of the medical mobility aids market. According to WHO, 50 million people across the globe suffer from injuries due to road accidents. This is attributed to the fact that accidents can cause temporary or permanent disabilities and it is cumbersome for caregivers to carry patients from one place to another. Mobility aid devices help to safely and comfortably transfer patients to different locations. Thus, an increase in the number of accidents is expected to boost the demand for various medical mobility aids in the near future.Additionally, the growing focus of major industry players to develop new and innovative mobility aid devices has also positively influenced the adoption of these devices across the globe.
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Based on product type, the market is segmented into wheelchairs, walkers, crutches, stretchers, accessories, and others. The wheelchairs segment grabbed an XX% share of the global medical mobility aids market and will witness a considerable CAGR during the forecast period (2021-2027F). The growth of this segment can be attributed to the popularity of these mobility aid devices among the elderly population.
Based on the end-users, the global medical mobility aids market is segmented into hospitals & clinics, ambulatory surgical centers, home care settings, and others. The hospitals & clinics segment occupied a substantial share and is expected to grow at a significant CAGR during the forecast period 2021-2027 owing to the increasing preference of consumers to get treatment in hospitals mainly due to the well-established healthcare infrastructure, and the presence of highly skilled healthcare professionals.
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Additionally, the report provides detailed report also provides insights into the global medical mobility aids market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. In 2020, North America dominated the market. This is mainly due to the presence of well-established market players and their growing focus on developing technologically advanced products.
are 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 are some of the key players operating in the global medical mobility aids market. Several M&As along with partnerships have been undertaken by these players to develop various types of mobility aid devices.
Global Medical Mobility Aids Market Segmentation
Market Insight, by Product Type
Market Insight, by End-Users
- Hospitals & Clinics
- Ambulatory Surgical Centers
- Home Care Settings
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Invacare Corporation
- Stryker Corporation
- GF Health Products, Inc.
- Sunrise Medical LLC
- Briggs Healthcare
- Benmor Medical Limited
- Medline Industries Inc.
- Ostrich Mobility Instruments Pvt. Ltd.
- NOVA Medical Products