Albany, NY -- (SBWIRE) -- 03/25/2019 -- Increase in investments in research and development by leading players in the market is resulting in technologically superior products to help the elderly and disabled population. Moreover, economic growth, increase in purchasing power, and favorable reimbursements are anticipated to drive the adoption rate of these high value products across the globe. Innovative technologies in mobility aid devices are gaining popularity among the disabled population, as these have proven to improve the quality of life. Development of self-driving wheelchairs will benefit people with mobility challenges and is expected to be an opportunity for companies to drive revenue.

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Mobility Aid Devices Market: Overview

Mobility aid devices are designed to assist the elderly and disabled population having difficulty in moving around. These products are also useful in home care settings to transfer patients who have difficulty in moving. These products are gaining popularity across the globe due to significant technological advancements. For example, a powered wheelchair offers many features such as conventional joystick, finger control, touchpad control, sip and puff drive control, and wafer boards making the product more convenient to use. Increase in the global geriatric population drives demand for mobility aid devices.

The global mobility aid devices market report comprises an elaborate executive summary, which includes a snapshot that provides information about various segments of the market. It also provides information and data analysis of the global market with respect to the segments based on product, end-user, and region. A detailed qualitative analysis of drivers, restraints, and opportunities has been provided in the overview section. Additionally, the section comprises competitive matrix and company profiles to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis by region and market share analysis by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global mobility aid devices market.

Global Mobility Aid Devices Market: Key Segments

In terms of product, the global mobility aid devices market has been segmented based on product and end-user. In terms of product, the global market has been classified into wheelchairs, mobility scooters, walking aids, and mobility lifts. The wheelchairs segment has been bifurcated into manual and powered. The mobility scooters segment has been categorized into boot scooters, mid-size scooters, and road scooters. The walking aids segment has been divided into crutches, canes, and walkers. Based on end-user, the global mobility aid devices market has been classified into home care settings, hospitals & nursing homes, assisted living facilities, and others. The market size and forecast for each of these segments have been provided for the period from 2016 to 2026, along with their respective CAGRs for the period from 2018 to 2026, considering 2017 as the base year.

Global Mobility Aid Devices Market: Regional Outlook

The global mobility aid devices market has been segmented into five major regions: North America (the U.S. and Canada), Europe (the U.K., Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, Israel, and Rest of Middle East & Africa). The market size and forecast for each of these regions and the mentioned countries/sub-regions have been provided for the period from 2016 to 2026, along with their respective CAGRs for the period from 2018 to 2026, considering 2017 as the base year. The research study also provides the competitive scenario in these regions.

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Companies Mentioned in Report

The report also profiles major players in the global market in terms of various attributes such as company overview, financial overview, devices portfolios, business strategies, and recent developments. Major companies profiled in the global mobility aid devices market include Invacare Corporation, Sunrise Medical (US) LLC, Ottobock, Investor AB (Patricia Industries-Permobil), Medical Depot, Inc., Pride Mobility Products Corp., GF Health Products, Inc., Merits Co. Ltd., and MEYRA Group.

The global mobility aid devices market has been segmented as follows:

Global Mobility Aid Devices Market, by Product

Wheelchairs
Manual
Power
Mobility Scooters
Boot Scooter
Midsize Scooter
Road Scooter
Walking Aids
Canes
Crutches
Walkers
Mobility Lifts

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Global Mobility Aid Devices Market, by End-user

Home Care Settings
Hospitals & Nursing Homes
Assisted Living Facilities
Others

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