What is Mobility Care Products Market?
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.
The market study is being classified by Type (Canes, Crutches, Mobility Scooters, Walkers and Rollators and Wheelchairs), by Application (Arthritis, Cerebral palsy, Developmental disabilities, Diabetic ulcers and wounds, Difficulties maintaining balance, Fractures or broken bones in the lower limbs, Gout, Heart or lung issues and Others) and major geographies with country level break-up.
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Linde (United Kingdom).
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. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Mobility Care Products market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Mobility Care Products market by Type, Application and Region.
On the basis of geography, the market of Mobility Care Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The increasing number of road accidents across the globe
- The growing older population across the globe
- The trend for technologically advanced, compact, and portable mobility aids
- High purchasing and maintenance cost
- 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.
- A lack of properly trained personnel constitutes a major barrier to the provision of appropriate mobility device services
Market Leaders and some development strategies
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.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Mobility Care Products Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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