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Mobility aids and transportation equipment are devices which are designed to help individuals with mobility disability. These devices are basically utilized to extend independent portability for the injured or elderly population. These devices provide several benefits to users, such as independence, reduction in pain; and rise in confidence and self-esteem. Wheelchairs, canes, crutches, and mobility scooters are some of the widely used mobility devices by disabled people. Increasing geriatric patient pool and growing incidences of disabilities globally are likely to fuel the growth of the mobility devices market during the forecast period. According to World Health Organization (WHO), globally around 10% people disabled people requires mobility devices for their daily activities and physical movement.
Increase in the prevalence of people suffering from disability, growing technological advancements, increase in the aging population, and rise in the prevalence of knee and bne disorders are the factors likley to drive the growth of the mobility devices market during the forecast period. Additionally, growing demand for safe and affordable mobility devices among peopele sufferimg diabilities associated with osteoporosis, rheumatoid arthritis, parkinson’s disease, dystonia and spasticity are likely to fuel the mobility devices market during the forecast perod.
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However, high cost of the devices and lower penetration of advanced mobility aids in emerging regions are th factors likely to restrain the growth of the global mobility devices market during the forecast period.
Some of the major companies that are present in the global mobility devices market are Sunrise Medical LLC, Invacare Corporation, OttoBock, Stryker, Medline Industries, GF Health Products Inc., Hoveround Corporation, LEVO AG, Permobil AB, Merivaara Corporation, among others.
· Mobility Scooters
By End User
· Homecare settings
· Hospitals & Nursing Homes
· Assisted Living Facilities
· North America (U.S. and Canada)
· Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)
Mobility Scooters and wheelchairs are anticipated to hold the largest share of the mobility devices market during the forecast period owing to the technological advancements that helps in improving the accessibility of affordable, and high quality mobility devices by people suffering from disabilities .
Technological Advancements in Mobility Devices
Epidemiology Analysis of Physical Disabilities
Recent Key Industry Developments – Mergers, Acquisitions, and Partnerships.
Geographically, the global mobility devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the mobility devices market during the forecast period owing to the increasing geriatric population, growing prevalence of disability diseases, enhancing healthcare infrastructures by government organizations, and growing economic development of United States. Europe is anticipated to hold the next largest global mobility devices market owing to the growing prevalence of disabled population. For instance, according to Disabled Living Foundation (DLF) approximately 13.3 million people in U.K. suffers from disabilities every year. Global mobility devices market in Asia Pacific region is expected to grow at a significant CAGR during the forecast period, due to technological advancements, increasing in the patient pool, increase in the research activities for the development of effective mobility devices for disabled people, and new product launches by key players.