The Europe Mobility Aids Market size is
expected to reach USD 3.98 billion by 2030, according to a new report by Grand
View Research, Inc. The market is expected to
grow at a significant CAGR of 3.2% in the forecast period. The high demand
for home healthcare and an increase in the geriatric population
requiring Long-term Care (LTC) are expected to propel the market
growth during the forecast period. In addition, technical advancements in
mobility aids are likely to boost product usage, resulting in market expansion.
The introduction of new mobility support devices by key market players is
anticipated to increase the number of products available in the market. This,
in turn, will help facilitate the growth of the market.
Furthermore, the aging population in the U.K. has
increased significantly in the past five decades. As per the statistics
published by Age U.K., in 2020, around 18.65% of people in the country were
aged 65 years or over. Moreover, around 4 million older citizens in the U.K.
were estimated to suffer from long-term illnesses severely affecting their
mobility. The increasing geriatric population is a key growth-driving factor
for mobility aids. The pandemic has had an ongoing adverse impact on various
industries across the globe. Stay-at-home mandates, transportation bans, and
workforce crunch have resulted in the disruption of supply chains. Although the
market was not significantly affected, the supply chain bottlenecks and
restrictions on the product as well as patient movement caused a decrease in
sales revenues.
Related Press Release@ Europe Mobility Aids Market Report
Europe Mobility Aids Market
Report Highlights
- The wheelchair segment spearheaded the market in 2021 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 share due to
the presence of established players offering a wide range of products
- The offline distribution channel segment held a high revenue share
in 2021. This is owing to a higher preference for the offline purchase of
mobility aids
- The rehabilitation care segment dominated the market in 2021 and
will remain dominant throughout the forecast period
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in San Francisco. The company provides syndicated research reports, customized
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