Mobility Devices Market to Reach $14.86 Billion by 2026

Mobility Devices Market |2021 Analysis, Key Opportunities Major Players, Impact of COVID-19 and Size, Growth, Share, Regional Analysis With Global Industry Forecast To 2027, The global “Mobility Devices Market” 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 UN’s 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.

Fortune Business Insights™ shares the above and other valuable market information in its recent report, titled “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”, which states that the value of this market was at USD 8.75 billion in 2018. The report also provides:

Exhaustive research into profiles of market players, their strategies, and their product offerings;
Meticulous study of the different market segments;
In-depth analysis of the factors driving and challenging the market; and
Comprehensive evaluation of the regional developments shaping the market.

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Objective of Studies:

To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market.
To provide insights about factors affecting the market growth. To analyse the mobility devices market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.
To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global mobility devices market
To provide country level analysis of the market with respect to the current mobility devices market size and future prospective.
To provide country level analysis of the market for segment by application, product type and sub-segments.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.
To track and analyse competitive developments such as joint ventures, strategic alliances, new product developments, and research and developments in the global mobility devices market

Mobility Devices Highlights of the Report:

Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

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Key Players Operating in The Mobility Devices Market Include:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are: