Global Medical Mobility Aids Market 2017-2021
About Medical Mobility Aids
Medical mobility aids are medical devices designed to assist people in walking and help in improving the mobility of people with impairment. The global medical mobility market includes products in both low range and high range based on the end-user requirement. The low-end products such as canes, walkers, and crutches are preferably used by patients during the recovery stage of any post-surgery treatment or medical injury. These mobility aids are more commonly used by the elderly to assist them in the mobility required in their day-to-day activities. The high-end mobility aids such as manual wheelchairs, powered wheelchairs, and mobility scooters are used more often in clinics and hospitals to provide the required mobility to patients during their hospital stay. All these products are used both by clinical and home-based users with short-term or long-term disabilities based on the intensity of the disability. Thus, based on users and the requirement for the products, there is a continuous and steady demand, which motivates service providers to enter the market and expand their product portfolios. The other factors such as the rising number of medical emergencies, continuous product evolution, and automation of the manually-operated products are also driving the global market.
Technavio’s analysts forecast the global medical mobility aids marketto grow at a CAGR of 4.50% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global medical mobility aids market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, sales, volume, and value.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Medical Mobility Aids Market 2017-2021
Technavio recognizes the following companies as the key players in the global medical mobility aids market: GF Health Products, Invacare, Sunrise Medical, and Stryker.
Other Prominent Vendors in the market are: Benmor Medical, Besco Medical, Bischoff & Bischoff, Briggs Healthcare, Daily Living, Evolution Technologies, Hoveround, Human Care, Janak Healthcare, Karma Mobility, Magic Mobility, Medical Depot, Medical Mobility, Medline Industries, NOVA Medical Products, Ossenberg, Ostrich Mobility Instruments, Ottobock, Permobil, Pride Mobility Products, Savion Industries, and United Surgical Industries.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increase in adoption of advanced mobility products. Clinical mobility products are used in healthcare facilities to facilitate the mobility of patients. Wheelchairs are manually-operated with the assistance of another person for moving a person from one place to another. Similarly, in operation theaters and patient wards, wheeled stretchers are used with the assistance of more than one person.”
According to the report, one of the major drivers for this market is Growing healthcare expenditure. Healthcare expenditure includes medical expenses incurred by patients on all health goods and services, including diagnosis, treatment, and post-treatment services. In some cases, part of the medical bill is reimbursed as per the reimbursement policies followed in the respective country. Due to numerous factors such as disposable income, reimbursement policies, and the availability of healthcare facilities, the healthcare expenditure varies from region to region across the globe. Owing to the favorable presence of these factors in developed countries, such as the US, Canada, the UK, Germany, and France, individuals can avail sophisticated patient care services as well as home care services. The increased patient care services are leading to the purchase of sophisticated healthcare equipment and mobility aids.
Further, the report states that one of the major factors hindering the growth of this market is High cost of clinical rollators. Mobility aids are used in healthcare centers and home care settings for assisting the mobility of patients. Among these clinical mobility products, the clinical rollator is perceived as a low-end premium product, which is priced comparatively higher than other medical mobility aids such as stretchers and walkers. There is a substantial cost difference between a cane and a rollator. The price difference is due to the difference in product features such as stability and balanced and smooth mobility, which leads to the increased unit price of a clinical rollator. Due to the availability of mobility options at minimal human effort, the clinical rollators are highly adopted by the geriatric population and patients with mobility issues, and the demand for the product is on the rise.
GF Health Products, Invacare, Sunrise Medical, Stryker, Benmor Medical, Besco Medical, Bischoff & Bischoff, Briggs Healthcare, Daily Living, Evolution Technologies, Hoveround, Human Care, Janak Healthcare, Karma Mobility, Magic Mobility, Medical Depot, Medical Mobility, Medline Industries, NOVA Medical Products, Ossenberg, Ostrich Mobility Instruments, Ottobock, Permobil, Pride Mobility Products, Savion Industries, and United Surgical Industries.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook