Increased Research & Development Expenditure
to Boost the Market Growth
The global mobility
aid devices market
is estimated to grow majorly on account of the increasing expenditure for
research & development around the world. As per data by the World
Bank, global research and development expenditure in proportion with gross
domestic product (GDP) was around 2.63% in 2020, up from 2.2% in 2018.
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The market
research report also includes other growth factors and challenges that are
associated with the growth of
the mobility aid devices market.
Some of the major growth indicators are:
·
Increasing Growth
of Healthcare Spending across the Globe
·
Surging
Prevalence of Arthritis
Challenges:
High cost
of mobility aid devices are some of the major factors anticipated to hamper the
growth of the global mobility aid devices market. Despite of the numerous
restraint factors associated with the growth of the market, Research Nester’s
analysis indicates a robust growth for the market during the forecast period.
The market
research report on global mobility aid devices encompasses an in-depth analysis
of the industry growth indicators, restraints, supply and demand risk, along
with detailed discussion on current and future market trends. These analyses help organizations identify a
continuous flow of growth opportunities to succeed in an unpredictable future.
Additionally, the growth opportunities exposed by the market is poised to gain
significant momentum in the next few years.
By end
user, the global mobility aid devices market is
segmented into hospitals, ambulatory surgical centers, diagnostic
imaging centers, and academic & research institutes. The hospitals segment is anticipated to garner the
largest market size by the end of 2033
and display significant growth
opportunities backed by the existence of a huge patient pool that requires
treatment in hospital facilities across the world.
By region, the North America mobility
aid devices market is to generate the highest
revenue by the end of 2033. This growth is anticipated by presence
of vast healthcare industry in the region.
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The
research is global in nature and covers detailed analysis on the mobility aid
devices market in North America (U.S., Canada),
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands
& Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey,
Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of
Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia,
Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East
and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman],
North Africa, South Africa, Rest of Middle East and Africa). In addition,
analysis comprising of global mobility aid devices market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
This
report also provides the existing competitive scenario of some of the key
players of the global mobility aid devices s
market which
includes company profiling of Sunrise Medical (US) LLC, Permobil, Inc., Stryker
Corporation, Besco Medical Limited, Medline Industries, LP, GF Health Products,
Inc, Kaye Products, INC, Performance Health Holding, Inc., and others. The profiling enfolds key
information of the companies which encompasses business overview, products and
services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the global mobility aid devices market that
will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
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strategic market research and consulting. We aim to provide unbiased,
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strategy, expansion and investment etc. We believe every business can expand to
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strategic minds. Our out of box thinking helps our clients to take wise
decision in order to avoid future uncertainties.
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