PUBLISHER: TechSci Research | PRODUCT CODE: 1174500
PUBLISHER: TechSci Research | PRODUCT CODE: 1174500
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Global mobility aid medical devices market is expected to grow at a steady rate during the forecast period, 2024-2028. Mobility aid medical devices assist the elderly and disabled people in moving around. Rapid technological advancements in the development of mobility aid medical devices are the key factor responsible for its market growth. The demand for these devices is growing significantly among the aged population as they need care, safety and ease in move and transfer, both in hospitals and homecare setups. Various initiatives are taken by the governments to increase awareness about the use of mobility aid medical devices among the population and various healthcare enterprises. Besides, improving healthcare infrastructure is also a major reason for the growth in demand of these devices.
In addition, assistive technologies help in reducing difficulties in performing day-to-day activities for old and disabled population. Therefore, technological advancements and new product launches by the key players operating in the market are anticipated to create lucrative growth opportunities over the next few years.
The global mobility aid medical devices market is segmented into type, end user, company, and region. Based on type, wheelchair is expected to hold the most dominant share during forecast period. Provision of wheelchair enhances the mobility and quality of life and reduces common problems such as pressure sores as well as helps in improving digestion and respiration.
Regionally, North America is expected to dominate the market during forecast period. This is attributed to the presence of well-established healthcare infrastructure along with the government initiatives regarding the awareness of mobility aid medical devices. Besides, the growing adoption of advanced technologies and increasing spending for the development of new products in the region, are the reasons for the growth in market share of the region.
Major players operating in the global mobility aid medical devices market include GF Health Products, Inc., Invacare Corporation, Pride Mobility Products Corporation, Sunrise Medical Limited, OttoBock Healthcare GmbH, Permobil AB, Drive Medical Ltd., Levo AG, Karman Healthcare Inc., and Meyra Wihelm Meyer GmbH & Co Ltd.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global mobility aid medical devices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global mobility aid medical devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global mobility aid medical devices market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: