Fri. Dec 3rd, 2021

Increasing geriatric population and significant technological advancements are acting as key growth drivers for India mobility aid medical devices market

According to TechSci Research report, India Mobility Aid Medical Devices MarketBy Product, By End User, By Region, Competition, Forecast & Opportunities, FY 2026, the country’s mobility aid medical devices market is projected to surpass $ 200 million by FY 2026 driven by the growing disabled and handicapped population and increase in population of children with birth defects or who are physically challenged. Besides, growing prevalence of diseases like arthritis, muscular dystrophy, cerebral palsy, among others is further expected to fuel the market growth over the next few years. However, high cost of mobility aid medical devices such as power wheelchairs, mobility scooters, powered tricycles, etc., can hamper the market growth during the forecast period. Also, lack of awareness and low level of acceptance for few devices is posing a challenge for mobility aid medical devices manufactures in India.

Browse over 17 market data Tables and Figures spread through 70 Pages and an in-depth TOC on “India Mobility Aid Medical Devices Market”

https://www.techsciresearch.com/report/india-mobility-aid-medical-devices-market/5047.html

India mobility aid medical devices market is segmented based on product, end user, and region. Based on product segmentation, the market can be categorized into wheelchairs, walking aids, mobility lifts, slings, tricycles and mobility scooters. Wheelchairs and walking aids segments are the dominant market segments, with both cumulatively accounting for majority of the market share in FY 2020 . The walking aids segment is further categorized into canes, walkers and crutches. The canes segment is expected to dominate the market owing to their low cost and ease of use. Additionally, this is a regular sales product that is not only used by people with disabilities but also used by patients after surgeries and injuries. The walkers segment is also expected to grow significantly owing to their extensive use in early stages of mobility after surgeries and injuries.

The mobility lifts segment is further fragmented into ceiling lifts, hydraulic lifts and others. The hydraulic lifts segment is expected to dominate the market owing to their widespread use across different homecare and hospital facilities. The tricycles segment is further split into manual and powered. The manual segment is expected to dominate the market owing to their widespread adoption and low cost. Major players operating in India mobility aid medical devices market include Stryker India Private Limited (Stryker Corporation), Forza Medi (India) Pvt. Ltd. (Invacare Corporation), Investor AB (Permobil India), Arjo Huntleigh Healthcare India Private Ltd, Hill-Rom India Private Limited, Karma Health Care Limited, Paramount Bed Co., Ltd., OttoBock Healthcare India Private Limited (OttoBock Healthcare GmbH), Pride Mobility Products Corp., Ostrich Mobility Instruments Private Limited, among others. Leading market players are undergoing strategic collaborations and focusing on launching new products to strengthen their position in India mobility aid medical device market.

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“The increasing rate of developmental disabilities among children in India and increasing focus of government on providing high standard medical facilities are supporting the growth of mobility aid medical devices market in the country. The improving standard of living and developments in healthcare infrastructure are also providing lucrative opportunities to medical device manufactures. Furthermore, increase in mobility impairment disorders in the country including amputation, paralysis, cerebral palsy, multiple sclerosis and spinal cord injury, is creating increasing demand for mobility aid medical devices.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based India management consulting firm.

India Mobility Aid Medical Devices Market By Product, By End User, By Region, Competition, Forecast & Opportunities, FY 2026has evaluated the future growth potential of mobility aid medical devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India mobility aid medical devices market.

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