Mobility Aids and Transportation Equipment Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Mobility aids and transportation equipment are devices that are designed to support people who have mobility impairment. These devices are mostly used to enhance independent mobility among the elderly or injured population who are dependent on their caregivers. There are many products in the market that assist impaired individuals in their mobility. Rapid technological breakthroughs and R&D in the healthcare sector assist in the introduction of innovative products that improve the disabled's quality of life. This equipment enables impaired persons to move at their own pace.

MARKET SCOPE

The "Global Mobility Aids and Transportation Equipment Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the mobility aids and transportation equipment market with detailed market segmentation by device, equipment and end user. The report provides key statistics on the market status of the leading mobility aids and transportation equipment market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on device the market is segmented as, Wheelchairs, Mobility Scooters, Canes, Crutche, Walkers, Rollators.
  
•   Based on equipment the market is segmented as, patient lifts, stair lifts and medical beds.
  
•   Based on end user the market is segmented as, hospitals and clinics, ambulatory surgical centers, home care settings and others.
  

MARKET DYNAMICS
Drivers:

•   Increasing pool of patients with physical disabilities, rising road accidents, bone injuries etc,
  
•   Increasing geriatric population across the globe.
  
•   Various technological advancements in mobility and transportation aid products and increasing new product launches.
  

Restraints:

•   Whereas, presence of number of substitutes and high costs of mobility aids and transportation equipment are likely to hamper market growth.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The mobility aids and transportation equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the mobility aids and transportation equipment market in these regions.

IMPACT OF COVID-19 ON MOBILITY AIDS AND TRANSPORTATION EQUIPMENT MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Mobility Aids and Transportation Equipment Market Report Analysis

Mobility Aids and Transportation Equipment Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Mobility Designed Incorporated
• Compass Health Brands
• Pride Mobility Products Corp.
• Invacare Corporation
• Mobility Transportation Systems
• Sunrise Medical
• Performance Health
• Stryker
• Ottobock

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Device

• Wheelchairs
• Mobility Scooters
• Canes
• Crutche
• Walkers
• Rollators

By Equipment

• Patient Lifts
• Stair Lifts
• Medical Beds

By End User

• Hospitals and Clinics
• Ambulatory Surgical Centers
• Home Care Settings

MARKET PLAYERS

The report covers key developments in the mobility aids and transportation equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from mobility aids and transportation equipment market are anticipated to lucrative growth opportunities in the future with the rising demand for mobility aids and transportation equipment in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the mobility aids and transportation equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Mobility Designed Incorporated
  
•   Compass Health Brands
  
•   Pride Mobility Products Corp.
  
•   Invacare Corporation
  
•   Mobility Transportation Systems
  
•   Sunrise Medical
  
•   Performance Health
  
•   Stryker
  
•   Ottobock
  
•   GF HEALTH PRODUCTS, INC
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Mobility Aids and Transportation Equipment Market Report Scope