Mobility Scooter Market Size, Share, Growth, Regional Trend, Leading Players Updates, Impact of Covid-19 on Industry and Future Plans by Forecast to 2027
The global “mobility scooter market Share” is slated to touch USD 2.13 billion by 2026, registering a CAGR of 7.3% during the forecast period. Rising awareness about the multiple benefits offered by mobility aid devices is set to emerge as the leading factor driving the growth of this market. Mobility disabilities, arising from congenital conditions, orthopedic disorders, old age, or accidents, impose a major burden and restriction not just on the person suffering from the condition but also on his or her caretakers. The optimal solution to this situation is the use of medical mobility machines which provide freedom and independence of movement to the patient. For example, mobility scooters can be maneuvered with ease and are powered to move quickly at reasonable speeds. Furthermore, these devices provide a high degree of comfort to the patient. For instance, majority of scooters come with padded seats along with arm and headrests and are akin to office chairs. Thus, these and other host of advantages of mobility scooters is expected to boost the adoption of such advanced devices and fuel the medical mobility scooters market revenue.
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The Latest Research on Mobility Scooter
Market highlights leading regions across the world, with an aim to offer a
better understanding to the user. Furthermore, the report provides insights
into the latest industry trends and analyzes technologies that are being
deployed at a rapid pace at a global level. It further highlights some of the
growth stimulating factors and restraints, helping the reader to gain an
in-depth knowledge about the market. The report does play a
vital role in comprehending the market to novices as well as established
players in the market.
An Overview of the Impact of COVID-19
on this Market:
The emergence of COVID-19 has brought
the world to a standstill. We understand that this health crisis has brought an
unprecedented impact on businesses across industries. However, this too shall
pass. Rising support from governments and several companies can help in the
fight against this highly contagious disease. There are some industries that
are struggling and some are thriving. Overall, almost every sector is
anticipated to be impacted by the pandemic.
We are taking continuous efforts to
help your business sustain and grow during COVID-19 pandemics. Based on our
experience and expertise, we will offer you an impact analysis of coronavirus
outbreak across industries to help you prepare for the future.
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Report Please visit: https://www.fortunebusinessinsights.com/mobility-scooter-market-102079
Key Players Operating in The Mobility
Scooter Market Include:
Key players are involved in mergers and
acquisition to strengthen their market position. Owing to increasing
competition frequent innovations are taking place in the market. Some of the
companies operating the industry are:
- Amigo Mobility International
- Invacare Corporation
- Medical Depot, Inc.
- Van Os Medical B.V.
- Afikim Electric Vehicles
- Golden Technologies
- Pride Mobility Products Corp.
Growth in Geriatric Population Across
the Globe to Fuel the Market
One of the top mobility scooter market
trends is the astonishing rate at which the global population is aging. Old age
is typically entails a variety of disorders, prominent among which is the
occurrence of mobility diseases such as osteoarthritis and neuromuscular conditions
which generally worsen with age. According the United Nations’ World Population
Ageing Report 2017, the geriatric population of the world is predicted to reach
2.1 billion by 2050, nearly doubling from the current levels. Moreover, the
report states that by 2030 itself the number of aged people will overtake the
number of children under the age of 10. Thus, increasing ageing population will
be a major determinant for the expansion of this market, according to the
mobility scooter market research.
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long-term impact of COVID-19 on this Mobility Scooter Market. Please visit: https://www.fortunebusinessinsights.com/mobility-scooter-market-102079
Detailed Table of Content:
1. Introduction
o Research Scope
o Market Segmentation
o Research Methodology
o Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
o Market Drivers
o Market Restraints
o Market Opportunities
4. Key Insights
o Overview of New Product Launches and Developments
o Prevalence of Mobility Disability by Country/
Regions
o key Industry Developments for key Countries/Regions
-Mergers, Partnerships, & Acquisitions
5. Global Mobility Scooters Market Analysis, Insights
and Forecast, 2015-2026
o Key Findings / Summary
o Market Analysis, Insights and Forecast – By Wheels
§ 3 Wheels
§ 4 Wheels
§ Others
o Market Analysis, Insights and Forecast – By End
User
§ Personal User
§ Institutional User
o Market Analysis, Insights and Forecast – By Region
§ North America
§ Europe
§ Asia Pacific
§ Latin America
§ Middle East & Africa
6. North America Mobility Scooters Market Analysis,
Insights and Forecast, 2015-2026
o Key Findings / Summary
o Market Analysis – By Wheels
§ 3 Wheels
§ 4 Wheels
§ Others
o Market Analysis – By End User
§ Personal User
§ Institutional User
o Market Analysis – By Country
§ S.
§ Canada
7. Europe Mobility Scooters Market Analysis, Insights
and Forecast, 2015-2026
o Key Findings / Summary
o Market Analysis – By Wheels
§ 3 Wheels
§ 4 Wheels
§ Others
o Market Analysis – By End User
§ Personal User
§ Institutional User
o Market Analysis – By Country/Sub-region
§ K.
§ Germany
§ France
§ Spain
§ Italy
§ Scandinavia
§ Rest of Europe
8. Asia Pacific Mobility Scooters Market Analysis,
Insights and Forecast, 2015-2026
o Key Findings / Summary
o Market Analysis – By Wheels
§ 3 Wheels
§ 4 Wheels
§ Others
o Market Analysis – By End User
§ Personal User
§ Institutional User
o Market Analysis – By Country/Sub-region
§ Japan
§ China
§ India
§ Australia
§ Southeast Asia
§ Rest of Asia Pacific
Continued...
North America to Lead the Market Share;
Europe to Follow
Among regions, North America is set to
dominate the mobility scooters market share during the forecast period, mainly
owing to changing healthcare policies in the region to improve access to
medical mobility aid devices. The region also generated a revenue of USD 523.2
million in 2018. Apart from this, the other two factors driving the regional
market include presence of strong global players and a swelling geriatric
population.
In Europe, the number of aged people
will comprise 35% of the total population by 2050, as per UN projections. As a
result, the demand for mobility aid equipment is set to surge in the coming
years. The mobility scooter market size UK is anticipated to expand at a steady
rate on account of the high adoption of these devices in the country.
Substantial rise in adoption of
mobility scooters as a result of increasing number of old age patients will be
the primary growth driver for the market in Asia-Pacific.
Reasons to Purchase this Report:
- Comprehensive analysis of the Mobility Scooter Market growth
drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements,
mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid
organizations in strategic business planning.
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KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional
market by various segments?
- What is the market size and growth rate of the market for selective
countries?
- Which region or sub-segment is expected to drive the market in the
forecast period?
- What Factors are estimated to drive and restrain the Mobility
Scooter Market growth?
- What are the key technological and market trends shaping the
market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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