Comprehensive Mobility Aids And Transportation Equipment Market Analysis, By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Asia-Pacific held the largest mobility aids and transportation equipment market share.
The global mobility aids and transportation equipment market is expected to grow from $2.94 billion in 2022 to $3.18 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The mobility aids and transportation equipment market size is expected to grow to $4.12 billion in 2027 at a CAGR of 6.7%.
Major Driver In The Mobility Aids And Transportation Equipment Market – Increase In The Aging Population
According to WHO, the global senior population will more than double by 2050, from 12% to 22%, fueling the expansion of the mobility aids and transportation equipment industry.
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Key Mobility Aids And Transportation Equipment Market Segments
1) By Type: Electrically Powered Wheelchairs, Manual Wheelchairs, Walking Aids, Mobility Scooters, Stretchers, Stair Lifts
2) By End User: Hospital, Clinic, Household
3) By Age Group: Mobility Aids for Children, Mobility Aids for Elderly
Recent Mobility Aids And Transportation Equipment Market Trend – Introducing A Single-Seat Self-Driving Car
Japanese automakers unveiled a single-seat self-driving car to aid and assist persons who have difficulty walking or taking public transportation. This self-driving car is smartphone and tablet compatible; simply select a destination on the map and the vehicle’s pathfinding system will do the rest. It has a navigation system to assist it navigate from point A to point B, a gyro sensor to help it stay stable on uneven surfaces, 2D and 3D laser sensors to measure distance from items, and stereo cameras to detect impediments in its route. The vehicle is designed to readily navigate city streets, pavements, and footpaths. Sensors and navigation systems will assist the car in navigating around potholes, bumps, and people.
Mobility Aids And Transportation Equipment Market Prominent Players
Major players in the mobility aids and transportation equipment market are Medline Industries, Hoveround Corporation, Sunrise Medical LLC., OttoBock Healthcare GmbH, Medline Industries, GF Health Products Inc., Invacare Corporation, LEVO AG, Permobil AB, and Hill-Rom Holdings Inc.
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The Mobility Aids And Transportation Equipment Global Market Report 2023 provides a comprehensive overview on the mobility aids and transportation equipment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the mobility aids and transportation equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Mobility aids and transportation equipment are medical devices that are used to move patients or medical products from one location to another.
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