Rising geriatric population and increasing cases of disabilities around the globe are driving the global market says Fortune Business Insights in a report titled “Mobility Devices Market Size, Share and Global Trend By Product (Wheelchairs, Cane, Crutches, Mobility Scooters, Lifts), By End-User (Homecare settings, Hospitals & Nursing Homes, Assisted Living Facilities), And Geography Forecast Till 2026.” Growing demand for safe and affordable mobility devices among disabled people is driving the global market.
Browse Complete Report: https://www.fortunebusinessinsights.com/industry-reports/mobility-devices-market-100520
Top Key Players Covered:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the global Mobility Devices Market. Some of the companies operating the global Market are;
- Sunrise Medical LLC
- Invacare Corporation
- Medline Industries
- GF Health Products Inc
- Hoveround Corporation
- LEVO AG
- Permobil AB
- Merivaara Corporation
Mobility Devices Benefits People with Disability
Mobility devices and transportation equipment are designed to aid individuals suffering from mobility impairment. Mobility devices are utilized to extend independent mobility to physically impaired or geriatric people. The devices are built in a way to assist while providing various benefits to the users, such as a reduction in pain, independence, confidence and self-esteem. The rising geriatric population around the world is supporting the growth of the global market. Mobility devices market on the basis of product is segmented into, canes, crutches, wheelchairs, and mobility scooters.
Mobility scooters are the most widely used mobility devices around the world. The rising elderly population and growing prevalence of disabilities around the world are some of the factors likely to boost the growth of mobility devices in the forthcoming year. According to the World Health Organization (WHO) around 10% of people globally require mobility devices for their daily activities and physical movement. Rising prevalence of disability, growing technological advancements, growing geriatric population, and increasing incidence of knee and bone disorders are some factors predicted to drive the global mobility devices market during the forecast period. In addition, rising demand for safe and cost-effective mobility devices among people with disability associated with Parkinson’s disease, osteoporosis, rheumatoid arthritis, dystonia and spasticity are expected to aid in the expansion of the global mobility devices market during the forecast period.
North America to dominate the global market
Geographically, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is predicted to dominate the mobility device market during the forecast period, owing to the rising geriatric population. The growing prevalence of diseases, improving healthcare infrastructures by the government along with growing economic development is likely to drive the in the U.S. Europe is predicted to hold the second-largest share after North America, owing to the rising prevalence of disabled population, for instance, approximately 13.3 million people in the United Kingdom suffered from disability every year, according to a report by Disabled living foundation (DLF). mobility devices market in Asia Pacific is predicted to grow at a considerable rate during the forecast period, owing to the technological advancements.In addition, rising geriatric population and growing research and development activities for the development of efficient mobility devices are also the factors responsible for boosting the market in the region.
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