The Europe mobility aids market size is expected to reach USD 3.7 billion by 2027, expanding at a CAGR of 3.8%, according to a new report by Grand View Research, Inc. High demand for home healthcare and an increase in the geriatric population requiring long term care are expected to propel market growth over the forecast period. In addition, technological advancements in mobility aids are also expected to increase adoption, thereby contributing to market growth.
The introduction of new mobility aids by market players is anticipated to increase the number of products available in the market and facilitate market growth. For instance, in 2017, Drive DeVilbiss introduced the Panther Heavy-duty 4-wheel scooter and Cruise II wheelchair, thus expanding the company’s product portfolio and driving the market growth.
Furthermore, the aging population in the U.K. has increased significantly in the past five decades. As per statistics published by Age U.K., in 2017, around 11.8 million people in the U.K. were aged 65 years or over. Moreover, around 4.0 million older citizens in the U.K. were estimated to suffer from a long-term illness, and these health conditions severely affected their mobility. The increasing geriatric population is a vital impact rendering driver for the market.
In addition, the availability of a variety of funding systems for Long-term Care (LTC), such as social insurance, private insurance, and universal health coverage scheme, across the European nations is also anticipated to significantly improve the affordability of mobility devices. In addition, the tax-based system in England is also focusing on the provision of rehabilitation and reablement services to patients. These factors are expected to result in lucrative growth of the market through the forecast period.
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Europe Mobility Aids Market Report Highlights
• The wheelchair segment spearheaded the market in 2019 due to an increasing number of disorders, such as spinal cord injuries, which require wheelchair support
• The public segment was the largest in terms of revenue due to the presence of established players in the market offering a wide range of products
• The aged care segment dominated the market in 2019, with a revenue share of more than 50.0% attributed to increasing in geriatric population in the region
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Europe Mobility Aids Market Segmentation
Grand View Research has segmented the Europe mobility aids market on the basis of product, sector, type of split, distribution channel, and region:
Europe Mobility Aids Product Outlook (Revenue, USD Million, 2016 – 2027)
• LTC Beds (home)
Europe Mobility Aids Sector Outlook (Revenue, USD Million, 2016 – 2027)
Europe Mobility Aids Type Of Split Outlook (Revenue, USD Million, 2016 – 2027)
• Aged care
Europe Mobility Aids Distribution Channel Outlook (Revenue, USD Million, 2016 – 2027)
Europe Mobility Aids Regional Outlook (Revenue, USD Million, 2016 – 2027)
List of Key Players of Europe Mobility Aids Market
• Human Care HC AB
• Drive DeVilbiss Healthcare
• Roma Medical
• Day’s Mobility Ltd.
• Van Os Medical
• Invacare Corporation
• Z-Tec Mobility
• Sunrise Medical
• Karma Mobility
• TOPRO Ltd.
• Remploy (RHealthcare)
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About Grand View Research
Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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