Overview of the global clinical mobility aids market

As per the Technavio’s market research report, the global clinical mobility aids market is expected to grow at steady rate and post a CAGR of more than 4% during the forecast period. The growing demand for home-based services will drive the growth prospects for the global clinical mobility aids market until the end of 2021. The market is witnessing a huge shift from healthcare facilities to home-based services due to the increasing prices of drugs, medical devices, and hospital services that encourage the population to look for more affordable healthcare solutions such as home-based services. As a result, the demand for mobility aid products such as canes, walkers, crutches, and wheelchairs among patients increases. Moreover, the introduction of product designs such as lightweight materials, foldability, and adjustability features in crutches and canes will further fuel the rate of demand and production for these products.

The automation of manually operated products will drive the growth prospects for the global clinical mobility aids market for the next four years. Since smart wheelchairs and powered wheelchairs can be controlled by power buttons or a mobile app and can be operated with minimal human effort, the demand for these products is significantly increasing from hospitals and for home-based patient care.

Competitive landscape and key vendors

The global clinical mobility aids market is highly competitive, fragmented, and diversified due to the presence of a large number of regional and international vendors. With the regional vendors finding it increasingly difficult to compete against international players in terms of quality, pricing, market reach, and financial resources, the international players are consistently increasing their footprint in the market. Moreover, the competitive environment in the market is expected to increase with the increasing product or service extensions and product innovation. Furthermore, several vendors are also increasingly focusing on distinguishing their product and service offerings through a clear and unique value proposition to survive the competition and sustain their market positions.

Key vendors in this market are -

• Invacare
• Medical Depot
• Sunrise Medical
• GF Health Products

Other prominent vendors in the market include Medline Industries, Pride Mobility Products, Ottobock, NOVA Medical Products, Ostrich Mobility Instruments, Magic Mobility, Karma Mobility, Ossenberg, Permobil, and Hoveround.

Segmentation by product and analysis of the clinical mobility aids market

• Wheelchairs
• Crutches
• Walkers

The wheelchairs segment accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. The market segment is witnessing a high degree of adoption of both self-propelled and attendant-propelled wheelchairs due to its low cost and ease of operation. Also, the growing use of transit wheelchairs by sportspersons and people with permanent disabilities is surging the demand for wheelchairs, which is subsequently increasing the revenue and enhancing the growth of the global market.

Segmentation by geography and analysis of the clinical mobility aids market

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. Few contributing factors that fuel the market’s growth include the growing adoption of clinical mobility aid products among end-users, the availability of advanced medical facilities with well-equipped instruments, and the presence of individuals with higher disposable incomes. Furthermore, the availability of products such as canes, manual wheelchairs, and crutches at low cost is also fueling the market’s growth in the developing countries such as Brazil.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global clinical mobility aids market?
• What are the key market trends impacting the growth of the global clinical mobility aids market?
• What are the challenges to market growth?
• Who are the key vendors in the global clinical mobility aids market?
• What are the market opportunities and threats faced by the vendors in the global clinical mobility aids market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global clinical mobility aids market?

Technavio also offers customization on reports based on specific client requirement.

Technavio’s reports for the healthcare and life sciences industry covers a wide range of product markets including medical imaging, patient monitoring devices, and urology devices. In addition to providing information on various parameters including the shift in customer preferences and the factors, which will drive and challenge the growth of the vendors in the industry’s marketspace, Technavio’s reports also include a comprehensive analysis of the leading vendors in the global clinical mobility aids market, the products and services offered by them, the vendor’s competitive landscape, and a list of all the key vendors in the corresponding markets.

To accurately forecast the industry’s growth prospects, our market research experts follow a comprehensive research approach of primary and secondary research techniques and also make an in-depth analysis of the various factors, including technological advancements and the demand for different products and services across various geographical regions. Furthermore, with an aim to help clients frame new strategies for growth, our upcoming industry research report on clinical mobility aids for the forecast period of 2017 to 2021 offers actionable insights devised from the data collected from reliable sources such as manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming report on clinical mobility aids system also considers the growth of similar markets such as the clinical reference laboratory services and critical care therapeutics, which are expected to grow at a CAGR of almost 6% and about 4%, respectively by 2021. According to our market research analysts, the increasing number of joint replacement and cardiovascular surgical procedures that result in long periods of immobility will be one of the significant factors driving the market’s growth in the coming years. Based on clients’ requirements, Technavio also provides customized reports, which will help regional and international suppliers targeting niche customer segments establish their presence in the market.

The upcoming industry research report for clinical mobility aids also identifies the key drivers, emerging trends, and the challenges currently experienced by the industry and also presents insights into the changing competitive landscape, which will offer clients a holistic picture of the future scope of the clinical mobility aids industry.