The Global Mobility Aids and Transportation Equipment Market are expected to grow at a CAGR of 7.4% during the forecasting period (2020-2027).
Major Competitor in the market includes Stryker Corporation, Sunrise Medical, Inc., OttoBock Healthcare GmbH, Invacare Corporation, Getinge AB, Hoveround Corporation, and Permobil AB.
According to WHO, the worldwide geriatric population will double by 2050 from 12% top 22%, propelling the mobility aids & transportation equipment market growth.
Stryker, one of the world's leading medical technology companies, Oct 2020 announced the global launch of the industry’s first and only completely wireless hospital bed, ProCuity. This intelligent bed was designed to help reduce in-hospital patient falls at all acuity levels, improve nurse workflow efficiencies and safety, as well as help lower hospital costs. It is the only bed on the market today that can connect seamlessly to nurse call systems without the use of cables or wires.?, ProCuity is the culmination of years of extensive research and feedback from nurses and other healthcare professionals to create what is truly a ‘brilliance in a bed’ solution. It was designed to improve patient outcomes and assist caregivers for years to come.? Stryker has announced the release of Mako Total Hip 4.0. With CT-based 3D modeling and new planning features, this SmartRobotics system provides unprecedented information. The new software is designed to enhance the user experience with approach-specific, region-based pelvic registration. New features allow surgeons to plan a patient’s implant position while taking into account changes in pelvic tilt in the patient’s sitting, standing and supine poses. Surgeons can now also visualize the femur-to-pelvis and component relationship to help detect risk of potential impingement.
Sunrise Medical, Aug 2020 a world leader in advanced assistive mobility solutions, is pleased to announce the strategic acquisition of two leading global paediatric brands, Leckey and Firefly. The acquisition of James Leckey Design, along with its subsidiaries Firefly Friends and Vida Global significantly extends Sunrise Medical’s paediatric product and service offering within therapeutic care and provides a strong complementary fit with Sunrise Medical’s existing paediatric mobility portfolio.
Invacare Corporation (Invacare) (NYSE:IVC) announced Oct 2020 the introduction of an innovative and pioneering active patient lift solution for the post-acute care setting into the U.S. market. The new ISA (Invacare Stand Assist) patient lifts offer optimal functionality and an innovative feature set for maximum comfort and security when transferring weight-bearing patients, as well as those needing rehabilitation supports. The sleek and modern design was driven by customer insights with the goal of incorporating what is most valued in a stand-assist lift, while also introducing new features to enhance the end user and caregiver experience.
On stand N887, Rollz Mobility UK will be making its UK debut at 2020 year’s Naidex, showcasing two new mobility products to healthcare professionals and clients at the event. The new mobility products include the Rollz Motion Performance and the Saljol Carbon Rollator. Building on the success of the Rollz Motion2, the Rollz Motion Performance is an all-terrain rollator and wheelchair in one, enabling clients to tackle uneven terrains with greater confidence. This has been achieved through the rollator’s pneumatic tyres which absorb the shocks received from uneven ground by providing a smoother and softer ride. Other new features include new ergonomic handles, softer armrests, adjustable footrests, reflective parts and a new seat cushion. The mobility aid also offers individuals great stability so the rollator is easy to manoeuvre between obstacles.
Market segmentation is depends upon by type and its region. Based on product type, the market is categorized into manual wheelchairs, electrically powered wheelchairs, stretchers, walking aids, mobility scooters, and stair lifts. Based on geography, the market has been examined across North America, Europe, Asia-Pacific, and LAMEA. North America, followed by Europe, dominates the global market for mobility aids & transportation equipment due to large number of aging population and technological advancement in the region. Asia is expected to show high growth rates in the next few years in global mobility aids & transportation equipment market.