1. What is the projected Compound Annual Growth Rate (CAGR) of the U.K. Mobility Devices Market ?
The projected CAGR is approximately 6.2%.
U.K. Mobility Devices Market by Product Type (Wheelchairs {Manual, Powered}, Mobility Scooters {3 Wheels, 4 Wheels}, Walking Aids, Patient Lifts & Hoists, Others), by End User (Healthcare Facilities, Homecare Settings), by Forecast 2025-2033
The U.K. Mobility Devices Market size was valued at USD 712.8 USD million in 2023 and is projected to reach USD 1086.02 USD million by 2032, exhibiting a CAGR of 6.2 % during the forecast period.Mobility aids are revolutionary tools of hope which are for people with limited mobility prospects. These tools give them new power and independence. The gadgets then are not only been designed for those with disabilities or injuries but also for older adults for the reason that they search for independence and safety. In addition to physical help, mobility aids provide people with so much freedom as it diminishes the feeling of pain, builds up self-confidence, and restores esteem. From the old-school crutches and canes to the superior technologies that include mobility scooters, stair lifts and wheelchairs to fit the bill. People who are suffering from arthritis, cerebral palsy, diabetic ulcers or those who had surgery recently are especially reliant on mobility aids. Human-made mobility devices such as crutches and wheelchairs enable people overcome challenges of the daily life by providing them with new ways of moving freely and enjoying life and its diverse possibilities.
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.2% from 2019-2033 |
Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 6.2%.
Key companies in the market include Sunrise Medical (Germany), Permobil (Sweden), Pride Mobility Products Corp. (U.S.), Invacare Corporation (U.S.), Etac AB (Sweden), AATGB (U.K.), Ottobock (Germany), RMS Limited (U.K.).
The market segments include Product Type, End User.
The market size is estimated to be USD 712.8 USD million as of 2022.
Introduction of Technologically Advanced Systems to Propel Market Growth.
Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.
High Costs Associated with Powered Wheelchairs to Hinder Market Growth.
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