The Mobility Aids and Transportation Equipment Market is poised for a remarkable expansion, driven by a growing need for solutions that enhance user independence and improve quality of life. According to a recent analysis by Future Market Insights (FMI), a leading ESOMAR-certified market research and consulting firm, the market is projected to reach a staggering US$11.64 billion by 2033. This significant growth signifies a projected surge to a value of US$6.32 billion by 2023, with a compelling Compound Annual Growth Rate (CAGR) of 6.1% propelling the market forward.
FMI’s exhaustive study, spanning the forecast years 2015-2025, delves into critical aspects of the Mobility Aids and Transportation Equipment industry. The comprehensive report provides invaluable insights into diverse features, including demand dynamics, product developments, revenue generation, and sales trends. This thorough analysis stands as a testament to FMI’s unwavering commitment to delivering unparalleled market intelligence.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Mobility Aids and Transportation Equipment Market 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 has 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 Mobility Aids And Transportation Equipment industry.
Key Mobility Aids and Transportation Equipment Market 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 industry 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.
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 Mobility Aids And Transportation Equipment market. 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 industry. 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 market information the concentration of key players and tier analysis in the Mobility Aids And Transportation Equipment industry. 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,
- Mobility Aids And Transportation Equipment Market 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 market to assist management-level decision-makers in constructing a strategy to capitalize on 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 Mobility Aids and Transportation Equipment 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 Market is segmented into the 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
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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