(MENAFN- The Express Wire) 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
According to Fortune Business Insights the Research Analyst have added a new research study on Title "mobility devices market ", Global Outlook and Forecast 2023-2030 with detailed information and Key Players. The Study provides in-depth comprehensive analysis includes Market definitions, classifications, manufacturing processes, cost structures, development policies and plans. The facts and data are well presented in the Mobility Devices Market report using diagrams, graphs, pie charts, and other pictorial representations with respect to its current trends, dynamics, and business scope and key statistics.
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The global mobility devices market size stood at USD 8.75 billion in 2018 and is projected to reach USD 14.86 billion by 2026, exhibiting a CAGR of 6.9% during the forecast period.
DRIVING FACTORS
Increasing Prevalence of Neurological Disorders to Propel Market Growth
According to the United Nations, around 1 in every 6 people suffers from neurological disorders across the globe. This is estimated to be about 1 billion people globally. The increasing incidence of neurological disorders is expected to propel the demand for mobility scooters. Additionally, the growing focus on developing innovative mobility solutions for people with disability is expected to bode well for the global mobility scooters market growth during the forecast period.
The market report includes detailed quantitative and qualitative analysis of several factors such as the key drivers and restraints that will affect market growth. In addition to this, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. Furthermore, it includes the competitive landscape that involves leading companies and adoption of strategies by them to develop novel products, announce strategic partnerships, and collaborations that will contribute to the market growth. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will favor the growth of the market during the forecast period.
List of Key Companies Operating in Mobility Devices Market:
Ottobock Sunrise Medical Limited Pride Mobility Products Corp. Permobil 21st Century Scientific, Inc. MEYRA GmbH GF HEALTH PRODUCTS, INC. Others
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Key Highlights from Mobility Devices Market Study:
Revenue and Sales Estimation Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are ascertained in Mobility Devices Market evolution and predictive analysis.
Market Opportunities In addition to outlining the reasons that have driven and will continue to fuel the industry's growth, the research looks at some of the major market prospects. It takes into account past growth patterns, growth factors, and present and upcoming trends.
FIVE FORCES ANALYSIS In order to better understand Mobility Devices Market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
Competition Leading players have been studied from Mobility Devices Market depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Regional Analysis:
North America (U.S., Canada, and Mexico)
Asia-Pacific (APAC)- (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania
South America (Brazil, Chile, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, South Africa)
The Latest Trends, Product Portfolio, Demographics, Geographical segmentation, and Regulatory Framework of the Mobility Devices Market have also been included in the study.
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Segmentation Analysis:
The report gives an extensive analysis of various segments of the market by studying the product range, applications, major regions, and leading companies in the industry. Additionally, the Mobility Devices Market report also dedicates an individual section to give a detailed analysis of the manufacturing process, which includes information collected through both primary and secondary sources of data collection. The primary source of data collection contains interviews of industry experts who offer accurate insights into the future market scenario.
Competitive landscape:
The report sheds light on critical information relating to the company profiles, product portfolio, growth prospects, cost assessment, total sales, revenue generated, market shares held by key regions, established companies, and emerging players. The study includes a SWOT analysis of key market players in the Mobility Devices Market to assess their Strengths, Weaknesses, Opportunities, Threats, and examines the company's internal and external environments and the elements present that could affect the growth of the industry.
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Press Release Distributed by the express wire
To view the original version on The Express Wire visit mobility devices market exhibiting a cagr of 6.9% during the forecast period 2026
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