Los Angeles, October 7, 2019: Mobility scooters are electronic vehicles that are used by a single person and these vehicles are operated by batteries. In recent years, mobility scooters have become increasingly common due to the convenience they provide. These scooters are extensively being used in supermarkets, shopping centers, hospitality, hospitals, and homecare.
QY Research has released its latest report, titled, “Global Medical Mobility Scooters Market Insights, Forecast to 2025”, provides an in-depth market analysis with inputs from key industry experts. The report also covers the competitive landscape and its growth prospects during the forecast period. According to the analysts, the global medical mobility scooters market is expected to reach US$1.09 bn by 2025 from US$698 mn in 2018. The market is projected to register a CAGR of 6.41% over the forecast period.
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Rising Number of Disabilities to Boost Market Growth
The global medical mobility scooters market will witness robust growth due to rising occurrence of orthopedic conditions resulting out of accidents and aging. The market is also projected to be driven by technological advancements and higher acceptance of reformed technologies in the healthcare industry. Rising investments in research and development are also expected to lead to innovation, which could bode well for the market. Addition of speed controllers and improved flexibility are expected to provide lucrative opportunities to the market in the near future.
Launch of new product designs and feature-rich scooters have also attracted customers towards the medical mobility scooters for homecare. Rising demand for safe and affordable medical mobility devices among people suffering from disabilities is further accelerating the market growth in the coming years. Moreover, emergence of e-commerce is projected to fuel market growth by expanding the potential for sales for medical mobility scooters devices.
On the flip side, the high price of medical mobility scooters is expected to hinder market growth. This is especially true in the case of developing economies where insurance is still a luxury.
Boot Scooters Segment Could Boost Market
The global medical mobility scooters market is segmented on the basis of product type and distribution channels. The products available in the market are road scooters, boot scooters, and pavement scooters. Out of these, the boot scooters segment could be the dominant segment due to its portability. The distribution channel segment includes offline and online
North America to Dominate Global Medical Mobility Scooters Market as Region Welcomes Major Advancements in Healthcare
North America is poised to dominate the global medical mobility scooters market due to the increasing awareness about therapies and support for orthopedic disabilities. Ongoing advancements and enhancements in healthcare infrastructure is also projected to bode well for this regional market. Europe is also expected to drive the medical mobility scooters market due increasing purchasing power that is enabling patients to better homecare. In addition, Asia Pacific market for medical mobility scooters will witness a steady rise as the region boasts a huge population base with unmet medical needs.
Global Medical Mobility Scooters Market: Key Players
Afikim Electric Vehicles, Drive medical, Van Os Medical, Pride Mobility, Quingo, Electric Mobility, Golden Technologies, Invacare, Hoveround, and Amigo Mobility International are the major players that are operating in the global market for medical mobility scooters.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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