The Global Mobility Aids And Transportation Equipment Industry is gearing up for a monumental transformation, as revealed by a comprehensive study conducted by the ESOMAR-certified consulting firm FMI. The market, currently valued at US$ 6,318 million, is poised to experience significant expansion with a projected compound annual growth rate (CAGR) of 6.1%. This upward trajectory is anticipated to propel the market to a staggering value of US$ 11,638.91 million by 2033.
FMI’s exhaustive research spanning the forecast years 2015-2025 unveils a compelling narrative of robust growth in the mobility aids and transportation equipment sector. The report delves into various facets of the market, offering key insights into critical elements such as demand dynamics, product innovations, revenue streams, and sales trends.
The study offers a detailed analysis of dynamics including drivers, restraints, opportunities, and challenges, and also highlights their consequent impact on the market.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Global Mobility Aids And Transportation Equipment Industry Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth have gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Global Mobility Aids And Transportation Equipment Industry .
Key Global Mobility Aids And Transportation Equipment Industry Takeaways and Projections
- The U.S. is estimated to continue dominating the North America market, projecting fastest growth in the region through 2031.
- Germany Mobility Aids And Transportation Equipment market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2021 and 2031.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
Exploring the study’s key assumptions from Experts.
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Report Benefits & Key Questions Answered
- Mobility Aids And Transportation Equipment Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Global Mobility Aids And Transportation Equipment Industry . It also studies the impact of these dynamics on the market for the previous assessment period 2016-2020 to forecast the scope of market growth over the coming forecast period 2021-2031.
- Mobility Aids And Transportation Equipment Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Mobility Aids And Transportation Equipment market. As per the survey, Mobility Aids And Transportation Equipment sales will project steady growth over the forecast period.
- XZY Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Mobility Aids And Transportation Equipment market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Mobility Aids And Transportation Equipment Category & Segment Level Analysis: FMI’s category & segment level analysis provides insights into key factors affecting the market growth across various segments in terms of (segment 1), (segment 2), and (segment 3). It also uncovers critical opportunities across each segment to assist key players to capitalize on the,
- Global Mobility Aids And Transportation Equipment Industry Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the Global Mobility Aids And Transportation Equipment Industry to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the Global Mobility Aids And Transportation Equipment Industry .
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Some of the prominent market players are profiled by FMI
- Sunrise Medical LLC,
- Invacare Corporation,
- OttoBock Healthcare GmbH,
- Stryker Corporation,
- Medline Industries,
- GF Health Products Inc.,
- Hoveround Corporation,
- LEVO AG,
- Permobil AB,
- Merivaara Corporation, and others.
Mobility aids and transportation equipment global market is segmented into following types:
- Manual Wheelchairs
- Manually Operated Wheelchairs
- Standard Manual Wheelchairs
- Pediatric Wheelchairs
- Electrically Powered Wheelchairs
- Stretchers
- Manual Stretchers
- Automated Stretchers
- Walking Aids
- Crutches
- Walkers
- Walker Cane Hybrids
- Gait Trainers
- Mobility Scooters
- Stair Lifts
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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