Mobility Aids and Transportation Equipment Market Analysis: By Type (Wheelchairs, Walking Aids, Mobility Scooters, Stair Lifts); By Age Group (Children, Elderly); By User (Hospital, Clinics, Patients)- Forecast (2016-2021).
Mobility Aids and Transportation Equipment are used to offer mobility assistance to individuals with disabilities. These products may either be manually operated or motorized. The manually operated products include manual wheelchairs, walkers, crutches and many others. The motorized products include motorized wheelchairs, mobility scooters and stair lifts. There has been a significant rise in the investments for Healthcare Sector by the Government of China, US, Europe, and India in the past decade.
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This has given a strong impetus for the new entrants to enter the market. Technological advancement coupled with intensive research and development has facilitated the growth of the market for mobility aids and transportation equipment in these countries. The increase in per-capita income and the growth of economies along with increase in the purchasing power of people in the emerging economies are one of the important factors that are driving demand for the Mobility Aids and Transportation Equipment in these regions.
Mobility Aids and Transportation Equipment Market
The global mobility aid and transportation equipment market is estimated to reach $7.8bn by 2021 growing at a CAGR of 5.6%. The Americas region accounted for the highest revenue share in 2015; this market is estimated to be the market leader through the forecast period. The Americas market is forecast to witness a surge in demand for motorized wheelchairs due to the shift towards independent operation of the wheelchairs excluding the need for a second person.
The current report has been divided based on products such as:
- Manual Wheelchairs
- oManually Operated Wheelchairs
- oStandard Manual Wheelchairs
- oLightweight Manual Wheelchairs
- oUltra-Light Manual Wheelchairs
- oTransport Wheelchairs
- oPaediatric Wheelchair
- Electrically Powered Wheelchairs/ Motorized Wheelchair
- Walking Aids
- Mobility Scooters
- oSmall Scooters
- oMedium Scooters
- oLarge Scooters
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This subsequently analyzed by market segmentation based on age of users, namely: children and elders. Segmentation by end users- hospitals, clinics and patients is also given; while geographic section comprising of various regions such as Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) has also been provided to give a comprehensive analysis of the market. Apart from this, the report also includes pricing and value chain analysis separately that will provide key insights and market scenario. Forecasts are provided for all the market segments for the period 2016-2021.
Although this market has many suppliers but the majority of the market shares lies in the hand of a few big players.
The leading market players in this market are:
- Sunrise Medicals GmbH & Co. (Germany)
- Invacare Corporation (U.S.)
- Stryker Corporation (U.S.)
- Medline Industries Inc. (U.S.)
- Drive Medical (U.S.) and others
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