Industry Background:
Mobility care products enable persons with disabilities to achieve individual mobility, and access to certain devices is a precondition for obtaining equal opportunities, enjoying human rights and living in dignity. Mobility Care Products are devices that are used to assist people with walking disabilities or to improve the mobility of people with any kind of mobility impairment. Mobility equipment in the healthcare sectors is used to carry patients from one place to another. These devices are less bulky, highly sophisticated and diverse in characteristics . That is used to increase, maintain, or improve the functional capabilities of individuals with disabilities. Analysis of World Health Survey data in 69 countries showed that 18.6% of adults over the age of 18 reports most often having moderate, severe or extreme difficulty related to moving around.
According to AMA Research, the market for Mobility Care Products is expected to register a CAGR of 4.0% during the forecast period to 2030. This growth is primarily driven by The increasing number of road accidents across the globe
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as GE Healthcare (United States), Teijin (Japan), Fresenius (Germany), Johnson & Johnson (United States), Philips Healthcare (Netherlands), Portea (India), Abbott (United States), A&D Company Limited (United States), Roche (Switzerland) and Omron (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2021 Modern Mobility Aids Inc. its telehealth platform, refocus its business model of providing virtual healthcare services. Telehealth is more in demand than ever during the coronavirus crisis, and new data suggests its uptake will increase by 64.3% globally in 2021, given the disruptions of COVID-19 (Frost-Sullivan).
In February 2020 Rowheels Wheelchair tech company launched an online market place for rehab brands. RehabPulse.com, is an online marketplace offering product ranges from durable medical manufacturers and rehab brands. The site will subsequently expand its offering to include service, repairs and several other rehab products. Companies from the industry who signed up for the launch include McKesson, Compass Health, Ki Mobility, Merits Health, Motion Composites, Permobil, and WHILL.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
The trend for technologically advanced, compact, and portable mobility aids
Market Growth Drivers:
The increasing number of road accidents across the globe and The growing older population across the globe
Challenges:
A lack of properly trained personnel constitutes a major barrier to the provision of appropriate mobility device services
Restraints:
High purchasing and maintenance cost
Opportunities:
A large number of the ageing population will give an impetus to the mobility care products. As elderly populations suffer from age-related diseases resulting in impaired mobility. The risk of rheumatoid arthritis and osteoporosis is more in the geriatric population.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Mobility Care Products Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Mobility Care Products Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Mobility Care Products players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Mobility Care Products Study Sheds Light on
The Mobility Care Products Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Mobility Care Products industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mobility Care Products industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.