Latest Mobility Aids And Transportation Equipment Market Growth Study 2022-2026 By The Business Research Company
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The mobility aids and transportation equipment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6% as per The Business Research Company’s market report!
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The Mobility Aids And Transportation Equipment Market Size In 2022 And Forecast
The global mobility aids and transportation equipment market grew from $2.66 billion in 2021 to $2.93 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The mobility aids and transportation equipment market is expected to grow to $3.74 billion in 2026 at a CAGR of 6.3%.
The mobility aids and transportation equipment market consists of sales of mobility aids and transportation equipment and related services.
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Rise In The Aging Population Is Driving The Growth Of The Mobility Aids And Transportation Equipment Market
According to WHO, the worldwide geriatric population will double by 2050 from 12% to 22%, propelling the mobility aids & transportation equipment market growth.
Competitive Landscape And The Regional Analysis Of The Mobility Aids And Transportation Equipment Market
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.
Additionally, as per TBRC’s research – Asia Pacific was the largest region in the mobility aids and transportation equipment market in 2021 holding the largest market share.
The Mobility Aids And Transportation Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the mobility aids and transportation equipment market.
Mobility Aids And Transportation Equipment Market Segmentation By The Business Research Company
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
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