Report ID: UCMIR35A2952
SkyQuest Technology's North america and europe group 2 powered mobility devices market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global North America And Europe Group 2 Powered Mobility Devices Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
The market for group 2 powered mobility devices in North America and Europe had a value of USD 5.2 billion in 2022 and is projected to experience a 15.1% compound annual growth rate (CAGR) from 2023 to 2030. As the prevalence of disabilities is expected to increase, there is a growing interest in powered mobility devices due to their ability to enhance mobility and outdoor activities. Additionally, the presence of various manufacturers and the expanding senior population are likely to drive the demand for group 2 powered mobility devices. In the United States, 13.7% of the 61 million adults with disabilities face mobility challenges in walking or climbing stairs, and Medicare provides financial assistance for electric wheelchairs, covering 80% of the expenses while patients are responsible for the remaining 20%. These regulations could lead to a higher adoption of powered wheelchairs throughout North America.

This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIR35A2952
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