Below are some of the key findings from the medical mobility scooters market research report
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Global medical mobility scooters industry overview
One of the key factors contributing to the growth of the global medical mobility scooters market is the growing demand for medical mobility scooters. The rise in the number of orthopedic diseases such as arthritis and accidental bone damage in lower limbs in adults, children, and older people has increased the need for mobility scooters. Factors such as technological advances and advanced features of medical mobility scooters also aid in market growth. The medical mobility scooters are flexible and have speed controllers. For instance, a mobility scooter can move at a speed of 4 to 8 mph and the seats of these scooters are adjustable according to the height of the person.
The rising government initiatives and schemes are one of the major trends being witnessed in the global medical mobility scooters market 2018-2022. The governments of many countries are producing various schemes, initiatives, and programs to increase the growth of the medical mobility scooters market. The major government programs include the National Disability Insurance Scheme (NDIS) and Medical Aids Subsidy Scheme (MASS), which are designed to support Australian citizens with a permanent disability. Such factors will trigger the global medical mobility scooters market to grow at a CAGR of nearly 8% during the forecast period.
Top medical mobility scooters companies covered in this market research report
The medical mobility scooters market is moderately concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this medical mobility scooters industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.
The report offers a complete analysis of various companies including:
- Drive DeVilbiss Healthcare
- Electric Mobility Euro
- Invacare
- Roma Medical
- Sunrise Medical
Medical mobility scooters market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for the companies, the Americas will account for the highest growth of this market throughout the forecast period. The Americas held the largest share of the market in 2017, accounting for close to 48% share, followed by EMEA and APAC respectively.
Medical mobility scooters market segmentation based on product
- 4-wheeler medical mobility scooters
- 5-wheeler medical mobility scooters
- 3-wheeler medical mobility scooters
The 4-wheeler medical mobility scooters segment will account for the highest growth in the market. The 4-wheeler medical mobility scooters segment held the largest market share in 2017, contributing to over 66% of the market. This product segment will dominate the global market throughout the forecast period owing to its increasing demand. Additionally, the report also provides an accurate prediction of the contribution of the various products segments to the growth of the medical mobility scooters market size.
Key highlights of the global medical mobility scooters market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the medical mobility scooters market during the next five years
- Precise estimation of the global medical mobility scooters market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the medical mobility scooters industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of medical mobility scooters companies
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