Global report predicts mobility market will hit £2.17bn by 2022

A global report on mobility aids and transportation equipment is predicting that the market will grow to £2.17bn ($2.85bn) by 2022.

It was nearly £2.05bn ($2.7bn) during 2018, with the report also expecting a compound annual growth rate (CAGR) of 1.4%.

The WiseGuyReports work detailed how a growing population contributes toward the expanding market.

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In compiling the data, the report covered market size, characteristics, segmentation, regional and country break down, growth, market shares, strategies, and trends.

It split some of its data between, wheelchairs, powerchairs, mobility scooters, stretchers, stairs, walking aids and lifts.

It also looks at end-user needs clinically, at home and from hospital as well as looking at aids for children and the elderly.

Market experts who put together the report analysed the market size of the mobility aids and transportation equipment market by studying the historical data along with the future aspects of mobility aids and transportation equipment markets.

The countries and the regions that are considered in the study are Brazil, China, Europe, Australia, Germany, India, South Korea, UK, USA, Asia-Pacific, Eastern Europe, North America, Middle East, Africa, and South America.

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Alex Douglas

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