Mobility Devices Market 2020: Growth at a CAGR of 6.9% Expected in Healthcare Industry Forecast to 2026

1
Mobility Devices Market Size, Share Industry
Analysis, By Product (Wheelchairs, Mobility
Scooters, Walking Aids, and Others) By End-user
(Personal Users and Institutional Users) and
Regional Forecast, 2019-2026
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Published Date April 2019 Report Format PDF
Region Global Base Year 2018
2
Mobility Devices Market Size, Share Industry
Analysis, By Product (Wheelchairs, Mobility
Scooters, Walking Aids, and Others) By End-user
(Personal Users and Institutional Users) and
Regional Forecast, 2019-2026
Report Highlights The global mobility devices
market size is projected to reach USD 14.86
billion by 2026, exhibiting a CAGR of 6.9 during
the forecast period. Staggering rate of growth of
geriatric population across the globe will be one
of the crucial factors driving this market in the
upcoming decade. Old age entails a plethora of
disorders that generally restrict mobility in
aged individuals and render them helpless. Given
the rate at which the world population is ageing,
the demand for devices aiding mobility is likely
to spike. According the UNs Population Division,
DESA, people at or above 60 years of age are
currently numbered at 962 million. In the next
three decades, the global geriatric population
will reach 2.1 billion, predicts the DESA.
Furthermore, old people are more susceptible to
accidents associated deteriorating motor
functions. For instance, the National Council of
Aging estimates about 2.8 million aged Americans
are rushed to hospital emergency rooms annually
as a result of falling. Thus, a combination of
aging and mishaps associated with the process
will fuel the mobility devices market trends
during the forecast period.
3
Mobility Devices Market Size, Share Industry
Analysis, By Product (Wheelchairs, Mobility
Scooters, Walking Aids, and Others) By End-user
(Personal Users and Institutional Users) and
Regional Forecast, 2019-2026
Growing Aging Population and Rise in Mobility
Impairment Disorders to Drive the Market The
older population around the globe is continuously
growing at an unprecedented rate. Aging decreases
the ability to move and reduces the ability to
perform physical tasks to maintain independent
functioning among the elderly population. The
growing older population count is likely to
increase the percentage usage of mobile devices
during the forecast period. According to the
World Health Organization (WHO), in 2017, the
global population aged 60 years or over was
around 962 million and is projected to reach
about 2.1 billion by 2050. Rising prevalence of
chronic conditions such as arthritis, cerebral
palsy, and muscular dystrophy among every age
group is expected to increase the demand for
highly advanced mobility aid devices during the
forecast period. North America to Lead the Pack
Europe to Follow Closely Among regions, North
America is set to dominate the mobility devices
market share owing to the rising prevalence
mobility-related disorders in the region. Coupled
with this is the increasing number of aged people
in the region, which will propel the regional
market. Browse Complete Report https//www.fortu
nebusinessinsights.com/industry-reports/mobility-d
evices-market-100520
4
Mobility Devices Market Size, Share Industry
Analysis, By Product (Wheelchairs, Mobility
Scooters, Walking Aids, and Others) By End-user
(Personal Users and Institutional Users) and
Regional Forecast, 2019-2026

• Europe is anticipated to be the second most
  dominant region in this market on account of high
  proportion of aged people with mobility
  impairment. Asia-Pacific is touted to be the most
  promising region as geriatric population in the
  region is growing, while unmet needs of the
  people in Latin America, the Middle East, and
  Africa will create lucrative market
  opportunities.
• Top Players Profiled in the Mobility Devices
  Market Report
• MEYRA GmbH
• Permobil
• Sunrise Medical Limited
• Invacare Corporation
• GF HEALTH PRODUCTS, INC.
• 21st Century Scientific, Inc.
• Pride Mobility Products Corp.
• Ottobock
• Request a Sample Copy of Research Report
  https//www.fortunebusinessinsights.com/enquiry/re
  quest-sample-pdf/mobility-devices-market-100520

5
Mobility Devices Market Size, Share Industry
Analysis, By Product (Wheelchairs, Mobility
Scooters, Walking Aids, and Others) By End-user
(Personal Users and Institutional Users) and
Regional Forecast, 2019-2026
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