PUBLISHER: Grand View Research | PRODUCT CODE: 1300965
PUBLISHER: Grand View Research | PRODUCT CODE: 1300965
The North America and Europe group 2 powered mobility devices market size is expected to reach USD 16.14 billion by 2030 and is expected to expand at CAGR of 15.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. Technology-advanced, ergonomically created products called mobility aids are used to improve mobility independence in teens recovering from injuries, disabled people, and elderly people. Depending on their range of motion, people with mobility challenges can choose from a variety of mobile devices. Physically disabled people demand more medical attention, and as a result, their unmet requirements are growing rapidly.
Additionally, the population with physical and mobility impairments is expected to grow, which will certainly raise the demand for mobility aids in the years to come. According to data published in Disabled World, an independent news source covering health and disability issues, nearly 35.2 million people have at least one physical functional issue, and 17.2 million adults are unable to walk in the U.S. Therefore, a high prevalence of physical infirmities is likely to increase demand for mobility aids.
Hospitals have observed constant demand for group 2 powered mobility devices owing to a spike in the number of ageing populations getting admitted owing to the COVID-19 infection. With the revised COVID-19 restrictions, companies are expected to resume operations. The demand for group 2 powered mobility devices is expected to increase on account of the prevalence of chronic disease, rising geriatric population, and increased risk of lifestyle-associated diseases among a wide population due to the increase in incidences of sedentary lifestyle and obesity.
The number of elderly people is increasing at an unprecedented rate. The ability to walk and carry out physical work decreases with age, making it harder for the elderly to maintain their independence. The percentage of people using mobility devices during the projection period is likely to rise due to the aging population.