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Dublin, June 4, 2021 (Global News Agency) – “2021 Mobile Auxiliary Equipment and Transportation Equipment Global Market Report: Impact of COVID-19 and Recovery to 2030” Report has been added to ResearchAndMarkets.com provide.
The main players in the mobility aid and transportation equipment market are Medline Industries, Hoveround Corporation, Sunrise Medical LLC, OttoBock Healthcare GmbH and Stryker Corporation.
The global mobility aid and transportation equipment market is expected to grow from USD 1.16 billion in 2020 to USD 1.38 billion in 2021, with a compound annual growth rate (CAGR) of 19%. The growth was mainly due to the company rescheduling operations and recovering from the effects of COVID-19, which earlier led to restrictive containment measures, including social distancing, remote work, and the closure of business activities, which led to operational challenges . It is estimated that by 2025, the market will reach 1.82 billion U.S. dollars, with a compound annual growth rate of 7.2%.
The Australian Road Rules (ARR) regulates the use of “motorized wheelchairs” on roads or road-related areas (such as sidewalks). The speed of the motorized wheelchair on flat ground cannot exceed 10 km/h, and it is recognized as a pedestrian under ARR. This means that users must comply with the general road rules that apply to pedestrians. A motorized wheelchair that can travel on flat ground at a speed of more than 10 km/h is considered a vehicle, which means that the person using the device is considered the driver and he is subject to all road rules applicable to vehicle drivers.
Japanese automakers have introduced a single-seater self-driving car to help those who find it difficult to walk or use public transportation. This self-driving car supports smartphones or tablets-select a destination on the map, and the car’s wayfinding system will take care of the rest.
Equipped with a navigation system to help reach point B from point A, gyroscope sensors help the car to maintain stability on uneven surfaces, 2D and 3D laser sensors will be used to judge the distance to the object, and a stereo camera will be used to detect obstacles in its path Things. The car is designed to easily traverse city streets, sidewalks and sidewalks. Sensors and guidance systems will help vehicles bypass bumps, potholes and pedestrians.
Insurance companies try to control medical expenses by shifting more responsibility to individuals. In 2019, personal out-of-pocket expenses are up to US$7,900, and family health plans are US$15,800. This involves that the health insurance company cannot force you to provide more than $7,900 (if you are an individual) or $15,800 (if you are part of a family plan).
In 2020, the out-of-pocket expenses for individual plans will increase to a maximum of 8,200 USD and family plans will increase to 16,400 USD. Insurance companies are trying to make subscribers more price-sensitive through high deductibles, copayments, and coinsurance, thereby preventing overuse (the part of the health care bill that the subscriber is responsible for after the deductible is met).
The aging population will drive the mobility aid and transportation equipment market. The elderly population suffers from age-related diseases that cause mobility problems. The risk of rheumatoid arthritis and osteoporosis is higher in the elderly population. According to the World Health Organization, by 2050, the global elderly population will double from 12% of the top 22%, thereby driving the growth of the mobility aid and transportation equipment market.
Key topics covered:
1.executive Summary
2. Market characteristics of mobility aids and transportation equipment
3. Mobility aids and transportation equipment market trends and strategies
4. The impact of COVID-19 on mobility aids and transportation equipment
5. Mobility aids and transportation equipment market size and growth
5.1. Global mobile auxiliary equipment and transportation equipment historical market from 2015 to 2020, billion U.S. dollars
5.1.1. Market drivers
5.1.2. Market restrictions
5.2. Global mobile auxiliary equipment and transportation equipment forecast market, 2020-2025F, 2030F, billion U.S. dollars
5.2.1. Market drivers
5.2.2. Market restrictions
6. Market Segmentation of Mobility Aids and Transportation Equipment
6.1. Global mobile auxiliary equipment and transportation equipment market, segmented by type, history and forecast, 2015-2020, 2020-2025F, 2030F, billion US dollars
- electric wheelchair
- Manual wheelchair
- Walker
- Scooter
- stretcher
- Stair lift
6.2. Global mobile auxiliary equipment and transportation equipment market, segmented by end users, history and forecast, 2015-2020, 2020-2025F, 2030F, billion US dollars
- hospital
- clinic
- family
6.3. Global mobile auxiliary equipment and transportation equipment market, by age group, history and forecast, 2015-2020, 2020-2025F, 2030F, billion US dollars
- Children’s walker
- Elderly walker
7. Analysis of mobile auxiliary equipment and transportation equipment market by region and country
7.1. Global mobile auxiliary equipment and transportation equipment market, by region, history and forecast, 2015-2020, 2020-2025F, 2030F, billion US dollars
7.2. The global mobile auxiliary equipment and transportation equipment market, divided by country, history and forecast, 2015-2020, 2020-2025F, 2030F, billion US dollars
Companies mentioned
- Medical industry
- Harvard Corporation
- Sunrise Medical Co., Ltd.
- Ottobock Healthcare Co., Ltd.
- Stryker Corporation; Medical Industry
- GF Health Products Company
- Ying Hua Kang Company
- LeTV Co., Ltd.
- Permobil AB
- Hill-Rom Holding Company
- Merivala
For more information about this report, please visit https://www.researchandmarkets.com/r/gjst7x
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