Overview and Scope
Mobility aids and transportation equipment are medical devices used to transport patients or medical products from one place to another.
Sizing and Forecast
The mobility aids and transportation equipment market size has grown strongly in recent years. It will grow from <b>$3.23 billion in 2023 to $3.49 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. </b> The growth in the historic period can be attributed to aging population, medical conditions and disabilities, rehabilitation and healthcare services, legislation and accessibility initiatives.
The mobility aids and transportation equipment market size is expected to see strong growth in the next few years. It will grow to <b>$4.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. </b> The growth in the forecast period can be attributed to personalized mobility solutions, advanced materials and design, telehealth and remote consultations, aging-in-place solutions. Major trends in the forecast period include smart mobility aids, innovative transportation solutions, sustainable and eco-friendly aids, robot-assisted mobility.
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Segmentation & Regional Insights
The mobility aids and transportation equipment market covered in this report is segmented –
1) By Type: Electrically Powered Wheelchairs, Manual Wheelchairs, Walking Aids, Mobility Scooters, Stretchers, Stair Lifts
2) By Age Group: Mobility Aids for Children, Mobility Aids for Elderly
3) By End User: Hospital, Clinic, Household
<b>Asia-Pacific</b> was the largest region in global mobility aids and transportation equipment market in 2023. <b>North America</b> was the second-largest region in global mobility aids and transportation equipment market. The regions covered in the mobility aids and transportation equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
A large aging population will give an impetus to the mobility aids & transportation equipment market. Elderly populations suffer from age-related diseases resulting in impaired mobility. The risk from rheumatoid arthritis and osteoporosis is more in the geriatric population. According to WHO, the worldwide geriatric population will double by 2050 from 12% to 22%, propelling the mobility aids & transportation equipment market growth.
Key Industry Players
Major companies operating in the mobility aids and transportation equipment market include <b> Medline Industries, Hoveround Corporation, Sunrise Medical LLC, OttoBock Healthcare GmbH, Stryker Corporation, GF Health Products Inc., Invacare Corporation, LEVO AG, Permobil AB, Hill-Rom Holdings Inc., Merivaara Corporation, UpLyft, Mobius Mobility, SitnStand, Authority Medical Group, Ease Seating Systems, Matia Mobility, National Seating & Mobility, Pride Mobility Products Corp., Drive Medical Design & Manufacturing, Quantum Rehab, 21st Century Scientific Inc., Ki Mobility, Colours Wheelchair, Motion Composites, Karman Healthcare, Merits Health Products Co. Ltd., Nova Medical Products, Active Mobility Systems, Convaid Products LLC, R82 Inc. </b>
The mobility aids and transportation equipment market report table of contents includes:
1. Executive Summary
2.Mobility Aids And Transportation Equipment Market Characteristics
3.Mobility Aids And Transportation Equipment Market Trends And Strategies
4. Mobility Aids And Transportation Equipment Market analysis
5.Mobility Aids And Transportation Equipment Market Size And Growth
6. Mobility Aids And Transportation Equipment Segmentation
7. Mobility Aids And Transportation Equipment Regional And Country Analysis
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27.Mobility Aids And Transportation Equipment Competitive Landscape And Company Profiles
28.Mobility Aids And Transportation Equipment Key Mergers And Acquisitions
29.Mobility Aids And Transportation Equipment Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Medline Industries
- Hoveround Corporation
- Sunrise Medical LLC
- OttoBock Healthcare GmbH
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