The "Group 2 Powered Mobility Devices Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.
What is the projected market size & growth rate of the Group 2 Powered Mobility Devices Market?
Market Analysis and Size
According to the U.S. Census Bureau, in 2019, more than 54.1 million people above 65 years of age in the U.S., which accounted for 15% of the total population. Demand for powered mobility devices is growing due to the rising geriatric population.
Data Bridge Market Research analyses that the group 2 powered mobility devices market which was USD 2.1 billion in 2021, would rocket up to USD 5.74 billion by 2029, and is expected to undergo a CAGR of 13.40% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Group 2 Powered Mobility Devices market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Group 2 Powered Mobility Devices Market.
Get a Sample PDF of Report - https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-group-2-powered-mobility-devices-market
Which are the driving factors of the Group 2 Powered Mobility Devices market?
The driving factors of the Group 2 Powered Mobility Devices market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Group 2 Powered Mobility Devices across various industries further propel market expansion.
Group 2 Powered Mobility Devices Market - Competitive and Segmentation Analysis:
Global Group 2 Powered Mobility Devices Market, By Product Type (Powered Wheelchairs, Power Operated Vehicle), Payment Type (Reimbursement, Out-of-Pocket), Sales Channel (E-commerce, Direct Sales (excluding VA), Veteran Affairs) – Industry Trends and Forecast to 2031
How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Which are the top companies operating in the Group 2 Powered Mobility Devices market?
Some of the major players operating in the group 2 powered mobility devices market are: