Mobility Aids and Transportation Equipment Market: Govt Initiatives to Make Mobility

The Mobility Aids and Transportation Equipment Market deals with the development and manufacture of devices which have been specifically designed to aid those whose mobility is impaired. Mobility aids either help them in walking or help improve their mobility by providing crucial support.

The Mobility Aids and Transportation Equipment Market has created disability aids in a variety of ways to help users to walk or to get from one location to another over longer distances. Conventionally, mobility equipment was largely applied to mechanical devices which came with low level technology. But the recent pace of technological innovation has expanded the scope of medical scooters by a great deal.

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Scope & Regional Forecast of the Mobility Aids and Transportation Equipment Market

The Mobility Aids and Transportation Equipment Market considers the prime growth drivers to be a few factors like: a big growth in the global population of the elderly; the gradual integration of new technologies, like the motorized scooter, into the healthcare sector; growing prevalence of people experiencing various kinds of physical disability; growing awareness of devices like mobility scooters; and various government initiatives which help reduce the cost of wheelchair accessories.

The Mobility Aids and Transportation Equipment Market revenue is expected to reach $7.8 billion in 2021 while being accompanied by a CAGR of 5.6%. This kind of significant growth will be mainly led by the Americas region, who is the holder of the highest market share. North America in particular is predicted to maintain its numero uno status in the market for the entirety of the forecast period.

Segmentations & Key Players Involved in the Mobility Aids and Transportation Equipment Market

According to IndustryARC findings, the Mobility Aids and Transportation Equipment Market can be broken down into various segmentations on the basis of –

Product Type: Manual Wheelchairs (Manually Operated Wheelchairs, Standard Manual Wheelchairs, Lightweight Manual Wheelchairs, Ultra-Light Manual Wheelchairs, Transport Wheelchairs, Paediatric Wheelchair), Electrically Powered Wheelchairs/ Motorized Wheelchair, Walking Aids (Cane, Crutches, Walkers, Walker Cane Hybrids, Gait trainers), Mobility Scooters (Small Scooters, Medium Scooters, Large Scooters), Stairlift and Others.

Age Group: Mobility Aids for Children and Mobility Aids for Elderly.

End User: Hospitals, Clinics/ASCs and Patients.

Geographical Location: Americas, Europe, Asia-Pacific and Rest of the World.

Some of the key players involved in the Mobility Aids and Transportation Equipment Market according to IndustryARC are as follows:

Invacare Corporation

OttoBock Healthcare GmbH

Sunrise Medical Inc.

GF Health Products Inc.

Medical Depot Inc.

Medline Industries, Inc.

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