Global Mobility Aids And Transportation Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

The mobility aids and transportation equipment market consists of sales of mobility aids and transportation equipment and related services. Mobility aids and transportation equipment are medical devices used to transport patients or medical products from one place to another. Mobility aids and transportation equipment include wheelchairs, walkers, crutches and stretchers. They can be manually operated or motorized.

Global Mobility Aids And Transportation Equipment Market Size And Drivers:

The global mobility aids and transportation equipment market is expected to grow from $1.16 billion in 2020 to $1.38 billion in 2021 at a compound annual growth rate (CAGR) of 19%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.82 billion in 2025 at a CAGR of 7.2%. A large number of aging population will give an impetus to the mobility aids & transportation equipment market.

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Trends In The Global Mobility Aids And Transportation Equipment Market

The Australian Road Rules (ARRs) regulate the use of 'motorized wheelchairs' on roads or road related areas such as footpaths. A motorized wheelchair, which is not able to travel faster than 10 km/h on level ground, is recognized under the ARRs as a pedestrian. This means that users are subject to the general road rules applying to pedestrians. A motorized wheelchair that can travel faster than 10 km/h on level ground is treated as a vehicle, which means that the person using the device is treated as a driver, who is subject to all of the road rules applying to drivers of vehicles.

Global Mobility Aids And Transportation Equipment Market Segments:
The global mobility aids and transportation equipment market is further segmented –
By Type: Electrically Powered Wheelchairs, Manual Wheelchairs, Walking Aids, Mobility Scooters, Stretchers, Stair Lifts
By End User: Hospital, Clinic, Household
By Age Group: Mobility Aids for Children, Mobility Aids for Elderly
By Geography: The global mobility aids and transportation equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. The Longmont, Colorado, USA mobility aids and transportation equipment market accounts for the largest share in the global mobility aids and transportation equipment market.

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Mobility Aids And Transportation Equipment Market Report Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides mobility aids and transportation equipment market overviews, analyzes and forecasts market size and growth for the global mobility aids and transportation equipment market, mobility aids and transportation equipment market share, mobility aids and transportation equipment market players, mobility aids and transportation equipment market segments and geographies, mobility aids and transportation equipment market’s leading competitors’ revenues, profiles and market shares. The mobility aids and transportation equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.