Global Ambulatory & Bathroom Aids Market to Reach US$2.1 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Ambulatory & Bathroom Aids markets. The global market for Ambulatory & Bathroom Aids is forecast to reach US$2.1 billion by the year 2015. Key factors driving the market growth include aging population and changing societal attitude towards individuals with physical impairments. Further, steadily expanding orthopedic market is driving ambulatory & bathroom aids growth.
San Jose, California (Vocus) October 12, 2010
The economic recession across global markets during the years 2008 and 2009 derailed the momentum of the ambulatory & bathroom aids market. However, with the recovery of global economic situation in 2010, the ambulatory & bathroom aids market is poised to gain momentum and register healthy growth over the coming years. Given the growing awareness of the developments in the health and medical care market among the people, the consumer expenditure on health care portended to increase resulting in an increased consumerism in the ambulatory care market. With the changing attitudes of the general public towards people with physical disabilities and the growing number of handicapped people being inducted into regular employment and in every other facet of normal life, innovation and futuristic product design are expected to be the key growth drivers in the ambulatory & bathroom aids market in the upcoming years. Also fuelling demand is an aging world population that lends products designed for the elderly and the disabled a fresh lease of life making it the thrust sector in the overall home healthcare industry.
The United States represents the largest regional market in terms of value and second largest in terms of unit sales for ambulatory & bathroom aids worldwide, as stated by the new market research report on Ambulatory & Bathroom Aids. The financial crunch weakened the demand for ambulatory & bathroom aids during the crisis period of 2008 & 2009. Sales of ambulatory & bathroom aids in the US are expected to witness moderate recovery through 2010 and gain momentum from 2011 onwards. Europe represents the largest regional market for ambulatory & bathroom aids worldwide in terms of unit sales. The European market is witnessing an increase in sales of standard wheelchairs and walking aids primarily due to the rise in the aged population. Asia-Pacific is portended to register fastest growth for Ambulatory & Bathroom Aids, both in terms of unit as well as value sales. The region is forecast to flaunt CAGRs of more than 5.0% and 4.0% over the analysis period in value and volume terms, respectively.
Ambulatory Aids category constitutes the largest segment of ambulatory & bathroom aids market in value as well as volume terms. Further, ambulatory aids represent the fastest growing segment in volume terms. The unit sales of ambulatory aids are projected to reach 26 million units by 2012. On the other hand, Patient Seating & Positioning Aids represents the fastest growing segment in value sales.
With outpatient care gaining prominence in the health and medical care arena, the market for ambulatory care products is expected to witness a surge in clinical and technological activities. Demographic trends together with the enlightened consumer needs and preferences, are expected to set in motion a new wave of clinical, pharmaceutical and technical breakthrough leading to the spiraling popularity of ambulatory care products. Overall the market for personal mobility devices is growing across the world and would continue over the coming years driven by increasing consumer demand as a result of aging population, which is leading to mobility impairments. As the ambulatory care market shifts from the conventional inpatient hospital beds to diverse outpatient environments such as office buildings, shopping malls and the patient’s home, ambulatory care products are transcending the conventional provider centric boundaries to emerge into a more flexible patient/consumer oriented system.
Major players profiled in the report include Activeaid, Apex Dynamics Healthcare Products LLC, ArjoHuntleigh, ATO-FORM GmbH, Days Healthcare UK Ltd., GF Health Products Inc., Homecraft Rolyan Ltd., Invacare Corporation, Keen Mobility Company, Lamico Inc., Maxhealth Corporation, Medline Industries, Nova Orthopedic & Rehabilitation Appliance, Patterson Medical, Rebotec Rehabilitationsmittel GmbH, Sunrise Medical, and Thomas Fetterman, Inc.
The report titled “Ambulatory & Bathroom Aids: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the ambulatory & bathroom aids markets, impact of recession on the markets, current market trends, competitive scenario, key growth drivers, product overview, recent product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Ambulatory & Bathroom aids market for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Key product segments analyzed in terms of value and volume include Ambulatory Aids (Standing Aids, Walking Aids (Canes, Crutches, and Walkers)), and Bathroom Aids (Commode Chairs, and Shower Chairs). In addition, the report analyzes Patient Seating & Positioning Aids (Adult (Spinal Cord Injury), Pediatric, and Geriatric) in value terms. Also, a seven-year (2000-2006) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www. strategyr. com/Ambulatory_and_Bathroom_Aids_Market_Report. asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www. StrategyR. com/
###
