Ambulatory and Bathroom Aids: A Global Strategic Business Report
San Jose, California (PRWEB) November 22, 2011
Follow us on LinkedIn – Globally consumer spending on durable medical equipment is rising, driven by steadily aging population and rise in diseases associated with advancing age. The clampdown on consumer expenditures on traditional healthcare services has translated into strong demand for medical equipment including wheelchairs, geriatric seating, positioning aids, commode chairs, bath trolleys, shower chairs, hearing aids, artificial limbs, walkers, canes, crutches, and patient lifts. Aging population is also fostering development of products specifically designed to address the needs of the elderly, particularly for care in home environment. Due to the steadily expanding orthopedic market, manufacturers are focusing more on the ambulatory products market, thus fueling growth. For improving aesthetic appeal and boosting sales, manufacturers are producing innovative and fashionable products for the market. Advancements associated with materials and design technologies are further fueling the demand for trendy products.
As stated by the new market research report on Ambulatory and Bathroom Aids, the US continues to remain the single largest regional market. 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. Given the growing awareness of the developments in the health and medical care market among average Americans, key drivers in the ambulatory care market are convenience, affordability and patient friendly products and services. Increased rehabilitation needs are also expected to fuel the demand for new age mobility aids. Asia-Pacific, displaying a CAGR of 6.6% over the analysis period, constitutes the fastest growing regional market. The region along with Latin America has transformed into a major marketing haven for ambulatory and bathroom aid manufacturers, driven by major improvement in healthcare sector and growing affluence of middle class population.
Product wise, Ambulatory Aids represents the largest product segment, while Patient Seating & Positioning Aids constitutes the fastest category globally registering a CAGR of 5.8% over the analysis period.
Major players in the marketplace include Activeaid, Apex Dynamics Healthcare Products LLC, ArjoHuntleigh, ATO-FORM GmbH, Days Healthcare UK Ltd., GF Health Products Inc., Invacare Corporation, Keen Mobility Company, Maxhealth Corporation, Medline Industries, Nova Orthopedic & Rehabilitation Appliance, Patterson Medical, Homecraft Rolyan Ltd., Rebotec Rehabilitationsmittel GmbH, Sunrise Medical, and Thomas Fetterman, Inc.
The research report titled “Ambulatory and Bathroom Aids: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The study analyzes market data and analytics (US$ million and thousand units) for the global market by the following regions - US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Key product segments analyzed include Ambulatory Aids (Standing Aids, Walking Aids [Canes, Crutches, Walkers]); Bathroom Aids (Commode Chairs, Shower Chairs); and Patient Seating & Positioning Aids (Adult [Spinal Cord Injury], Pediatric, and Geriatric).
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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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