/PRNewswire/ The growing incidence of orthopedic diseases, surging number of sports injuries, rising prevalence of road accidents, soaring adoption of.
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- Technological advancements, rise in prevalence of chronic diseases, and surge in the aging population drive the growth of the global personal mobility devices market.
PORTLAND, Ore., May 25, 2021 /PRNewswire/ Allied Market Research published a report, titled, by Product (Walking Aids, Wheelchairs, and Scooters) and End User (Hospitals, Homecare and Others) - Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global personal mobility devices industry generated $7.70 billion in 2019, and is projected to garner $14.59 billion by 2027, witnessing a CAGR of 7.1% from 2020 to 2027.
Prime determinants of growth
Technological advancements, rise in prevalence of chronic diseases, and surge in the aging population drive the growth of the global personal mobility devices market. However, high cost and complications regarding the usage hinder the market growth. On the other hand, upsurge in demand from e
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Drugs and equipment have major impact on the quality of patient care and accounts for a major proportion of health care costs. Health service organizations is entitled to make decisions about which equipment to buy in order to satisfy major health requirements and remove wastage of resources. Many organizations have produced useful information about essential drugs, but less information is available about essential medical supplies and equipment. But the presence of wide number of different brands and items to choose from, this often results in procurement of items that are inappropriate because they are technically unsuitable, incompatible with existing equipment and some of the spare parts and consumables are not available.
Wheelchair Market Size Worth USD 4.9 Billion in 2028 | CAGR: 8.0%: Grand View Research, Inc.
SAN FRANCISCO, Jan. 19, 2021 /PRNewswire/ The global wheelchair market size is expected to reach USD 4.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.0% from 2021 to 2028. The Americans with Disabilities Act (ADA) defines a wheelchair as a manually operated or automated device, designed primarily for use by an individual with a mobility disability. It is mainly used for the purpose of indoor or both indoor and outdoor locomotion. Increase in life span and numbers of elderly persons at a global level is one of the key reasons expected to contribute towards the growth of the market.