Revenue Analysis – Global Mobility Aids and Transportation Equipment 1 | страница 3

This has given a strong impetus for the new entrants to enter the market.
Technological advancement coupled with intensive research and development
has facilitated the growth of the market for mobility aids and transportation
equipment in these countries. The increase in per-capita income and the growth
of economies along with increase in the purchasing power of people in the
emerging economies are one of the important factors that are driving demand for
the Mobility Aids and Transportation Equipment in these regions.
Mobility Aids and Transportation Equipment Market
The global mobility aid and transportation equipment market is estimated to
reach $7.8bn by 2021 growing at a CAGR of 5.6%. The Americas region
accounted for the highest revenue share in 2015; this market is estimated to be
the market leader through the forecast period. The Americas market is forecast to
witness a surge in demand for motorized wheelchairs due to the shift towards
independent operation of the wheelchairs excluding the need for a second
person.