Mobility Aid Devices Market size worth $ 9.93 Billion, Globally, by 2028 at 3.06% CAGR: Verified Market Research®

An increase in the target population, increasing product growth, and an increase in the number of incidents resulting in disabilities are some of the key factors driving the demand for Mobility Aid Devices Market.

News provided by

Verified Market Research

Jan 31, 2022, 09:15 ET

JERSEY CITY, N.J., Jan. 31, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Mobility Aid Devices Market" By Type (Wheelchairs, Mobility Scooters, Walking Aids), By End User (Personal User, Institutional User), and By Geography. According to Verified Market Research, the Global Mobility Aid Devices Market size was valued at USD 7.80 Billion in 2020 and is projected to reach USD 9.93 Billion by 2028, growing at a CAGR of 3.06% from 2021 to 2028.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=153139

Browse in-depth TOC on "Mobility Aid Devices Market"

202 - Pages
126 – Tables
37 – Figures

Global Mobility Aid Devices Market Overview

The global incidence of chronic diseases and the expanding elderly population are also driving market expansion. Favorable reimbursement policies for both purchased and leased devices are expected to drive demand. Only a few mobility devices are covered by Medicare Part B, such as walkers, wheelchairs, canes, and crutches.

A patient will be responsible for paying 20% of the prescription cost out of pocket, with Medicare covering the remaining 80%. Assistive technologies make everyday tasks easier to do. The demand for assistive mobility aids has grown as individuals have lived longer. Furthermore, economic growth and an increase in the usage of technologically upgraded products such as advanced powered wheelchairs for activities are likely to boost the worldwide Mobility Aid Devices Market during the forecast period. In order to continue with their everyday activities after an accident, surgery, or another medical condition, people need mobility aid medical equipment. These devices allow patients to be more self-sufficient and mobile, boosting market growth throughout the forecast period. However, the high costs of mobility aid devices are restraining the growth of the market.

Key Developments

In 2020: Atlanta, GA – GF Health Products, Inc. ("Graham-Field") announced that it has acquired Gendron, Inc. ("Gendron" assets)'s in their entirety. Gendron is a prominent designer and manufacturer of mobile patient management products in the United States, focusing on bariatric beds, mobility, seating, transfer, and transportation for long-term care, home care, rehabilitation, and acute care.
Jun 2021: Medline Industries, Inc., the nation's largest privately-held manufacturer and distributor of healthcare supplies, announced that it has entered into a definitive agreement with a partnership comprised of funds managed by Blackstone, Carlyle, and Hellman & Friedman to receive a majority investment. Medline will remain a privately held, family-led corporation after the acquisition is completed.

Key Players

The major players in the market are Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Kaye Products, Inc., Medline Industries, Inc., NOVA Medical Products, Performance Health, Rollz International, TOPRO, and Human Care Group.

Verified Market Research has segmented the Global Mobility Aid Devices Market On the basis of Type, End User, and Geography.

Mobility Aid Devices Market, By Type

Wheelchairs
Mobility Scooters
Walking Aids
Others

Mobility Aid Devices Market, By End User

Personal User
Institutional User

Mobility Aid Devices Market by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

Browse Related Reports:

Portable Imaging Solutions Market By Product (X-ray, CT scan, Ultrasound Systems), By End-User (Hospitals and Ambulatory Surgery Centers, Specialty Clinics, Diagnostic centers), By Geography, Forecast, 2021-2028

Pediatric Home Healthcare Services Market By Services (Skilled Nursing Services, Personal Care Assistance, Rehabilitation Therapy Services), By Geography, Forecast, 2021-2028

Multiple Sclerosis Drugs Market By Type (Immunosuppressants and Immunomodulators), By Route of Administration (Oral, Injectable), By Geography, Forecast, 2021-2028

Hematology Analyzers Market By Product And Services (Instruments, Reagents & Consumables, Services), By End User (Hospital Laboratories, Commercial Service Providers, Government Reference Laboratories), By Geography, Forecast, 2021-2028

5 Leading Molecular Spectroscopy Brands improving levels of environmental screening

Visualize Mobility Aid Devices Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

SOURCE Verified Market Research