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Mobility Aids and Transportation Equipment Market Analysis - Forecast (2020 - 2025)

  • ID: 3339509
  • Report
  • March 2020
  • Region: Global
  • 118 Pages
  • IndustryARC
The global Mobility aids and transportation Market is estimated to surpass $6318 million by 2025 growing at an estimated CAGR of more than 5.6% during 2020 to 2025.  The advancements in medical equipment technology and increasing number of old age homes are driving this market. The major share of market is dominated by manual wheel chairs followed by walking aids valued at $3180 million and $1149.8 anticipated to grow at a CAGR 5.4% and 4.3% during 2020 to 2025.

What is Mobility Aids and transportation?

Mobility aids are equipment that is used to assist people with walking disabilities or to improve the mobility of people with any kind of mobility impairment. Transportation equipment in the healthcare sectors are used to carry patients from one place to another. This equipment is less bulky, highly sophisticated and diverse in attributes. 

What are the major applications for mobility aids and transportation?

The various end users assessed include hospitals, clinics, residential and others. Mobility aids such as wheel chairs, single stick, crutches, wheeled walker, and many other are used in hospitals to improve the functioning of disabled patients and equipment such as forearm and underarm crutches are used as leg supporting equipment for transferring of patients from one place to other.  The equipment such as stair lifts, knee walkers, and normal walkers will assist the patients to do normal activities such as walking, stairs climbing and other daily activities in their home.

Mobility Aids and Transportation Equipment Market

Market Research and Market Trends of Mobility aids and transportation

A new device known as Eye cane has been launched which can serve as both primary and secondary mobility aid for blind people to avoid waist up obstacles. Previously, there is only white cane which protects only lower body and upper body is left vulnerable to collisions with many obstacles. Hence this Eye cane can reduce the problem as it uses the components that translate distance into sound and vibrations within range of 16 feet.

Stair lifts are also provided with backup batteries to solve the issues with the backup batteries the machine sensors are connected to the UPS and a wireless connection through an IoT network detects the fault in the battery and send a notification to the Patient through SMS or email allowing them to react quickly. 

Many patents have been registered for these devices resulting from huge R & D investments by companies that are enhancing the market growth. Recently a patent has been registered on a walker standing assist device that supports the user of a walker or a wheeled mobility device to stand or arise from a seated position. It can be attached to different walkers to facilitate the individual's ability to change from a sitting to a standing and walking mode

The iWalker is an ambulatory monitoring tool created to continuously measure the stabilizing forces applied through the rollator, distances traveled, instantaneous walking speed and accelerations. A machine vision system captures features of the immediate physical environment such as obstacles, terrain changes, and lighting, precipitation, and foot placements.

Who are the Major Players in Mobility Aids and Transportation Market?

The companies referred in the market research report include the 3M company, Gojo Industries, Lion Corporation, Medline Industries, and others.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2020-2025.

Key Takeaways from this Report

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.

  • Analyse the sales and distribution channels across key geographies to improve top-line revenues.

  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Note: Product cover images may vary from those shown
1.Mobility Aids and Transportation Market Overview
2.Executive Summary
3.Mobility Aids and Transportation Market Landscape
3.1.Market Share Analysis
3.2.Comparative Analysis
3.2.1.Product Benchmarking
3.2.2.End User profiling
3.2.3.Patent Analysis
3.2.4.Top 5 Financials Analysis
4.Mobility Aids and Transportation Market Forces
4.1.Market Drivers
4.2.Market Constraints
4.3.Market Challenges
4.4.Attractiveness of the Industry
4.4.1.Power of Suppliers
4.4.2.Power of Customers
4.4.3.Threat of New entrants
4.4.4.Threat of Substitution
4.4.5.Degree of Competition
5.Mobility Aids and Transportation Market– Strategic Analysis
5.1.Value Chain Analysis
5.2.Pricing Analysis
5.3.Opportunities Analysis
5.4.Product/Market Life Cycle Analysis
5.5.Suppliers and Distributors
6.Mobility Aids and Transportation Market– By Product Type
6.1. Introduction
6.2. Manual Wheelchairs
6.2.1.Manually Operated Wheelchairs
6.2.2.Standard Manual Wheelchairs
6.2.3.Lightweight Manual Wheelchairs
6.2.4.Ultra-Light Manual Wheelchairs
6.2.5.Transport Wheelchairs
6.2.6.Pediatric Wheelchair
6.3.Electrically Powered Wheelchairs/ Motorized Wheelchair
6.4.1.Manual Stretchers
6.4.2.Automated Stretchers
6.5.Walking Aids
6.5.4.Walker Cane Hybrids
6.5.5.Gait trainers
6.6.Mobility Scooters
6.6.1.Small Scooters
6.6.2.Medium Scooters
6.6.3.Large Scooters
6.7.Stair lift
6.7.1.Straight Stair lift
6.7.2.Curved Stair lift
6.7.3.Standing Stair lift
6.7.4.Platform lift
7.Mobility Aids and Transportation Market– By Age Group
8.Mobility Aids and Transportation Market– By End User
9.Mobility Aids and Transportation Market- By Geography
9.2.North America
9.3.South America
9.3.7.Costa Rica
9.4.9.Rest of Europe
9.5.3.South Korea
9.5.7.Hong Kong
9.5.8.Rest of APAC
9.5.9.Middle East& Africa
9.5.11.South Africa
9.5.12.Saudi Arabia
9.6.Rest of Middle East and Africa
10.Market Entropy
10.1.New Product Launches
10.2.M&As, Collaborations, JVs, Partnership
11.Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
11.1.3M company
11.2.Gojo Industries
11.3.Lion corporation
11.4.Medline Industries

12.3.Research Methodology
12.5.Compilation of Expert Insights
Note: Product cover images may vary from those shown