Global Ambulatory Equipment Market, By Equipment (Transfer Boards, Canes, Crutches, Walkers, Wheelchairs, Support Surfaces), Specialty (Single Specialty, Multi-Specialty), Ownership (Hospital Only, Physician Only, Corporation Only, Physician and Corporation, Hospital, and Corporation), Center Type (Hospital-Based, Free-Standing) – Industry Trends and Forecast to 2030.
Ambulatory Equipment Market Analysis and Size
The increase in the number of accidents across the globe has carved the way for the growth of the ambulatory equipment market. Ambulatory equipment finds applications in various healthcare settings and is designed to support individuals in mobility and healthcare needs outside of traditional hospital or clinical environments.
Data Bridge Market Research analyses that the ambulatory equipment market, which was USD 545.00 million in 2022, would rocket up to USD 849.17 million by 2030 and is expected to undergo a CAGR of 5.7% during the forecast period. This indicates that the market value. “wheelchair” dominates the equipment segment of the ambulatory equipment market due to its wide range of applications and readily available. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Ambulatory Equipment Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Equipment (Transfer Boards, Canes, Crutches, Walkers, Wheelchairs, Support Surfaces), Specialty (Single Specialty, Multi-Specialty), Ownership (Hospital Only, Physician Only, Corporation Only, Physician and Corporation, Hospital and Corporation), Center Type (Hospital-Based, Free-Standing)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Doubek Medical Supply(U.S.),McKesson Medical-Surgical Inc (U.S.), Angel Medical Supply (U.S.), AOSS Medical Supply, LLC (U.S.), Kights Medical(U.S.), Adventist Health(U.S.), Geriatric Medical and Surgical Supply, Inc.(U.S.), Aetna Inc.(U.S.), Distribution Unlimited (U.K.), Air-Caire Home Medical Equipment & Supplies(U.S.), Scrip Inc.(U.S.), Rehab and Mobility Systems, LLC,(U.S.), MTSHS(U.S.),Coastline Medical Solutions(U.S.), SupremeMed(U.S.), Invacare Corporation(U.S.), Hill-Rom Holdings, Inc(U.S.), Stryker Corporation(U.S.), Medtronic plc (Ireland), Medline Industries, Inc(U.S.)
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Market Opportunities
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Market Definition
Ambulatory equipment refers to the support-based medical devices category that is developed to support patients in their therapeutic and daily requirements. This equipments are specifically designed for the old age population for their use in ambulatory centers, nursing care centers, old age homes, and home care, among others.
Ambulatory Equipment Market Dynamics
Drivers
- Increasing Prevalence of Chronic Diseases
Chronic diseases such as cardiovascular diseases, diabetes, respiratory disorders, and musculoskeletal conditions are rising globally. These conditions often require long-term management and ongoing care, driving the demand for ambulatory equipment that enables patients to monitor their health parameters, manage symptoms, and perform daily activities.
- Home-based Monitoring and Telehealth
The shift towards remote patient monitoring and telehealth presents opportunities for ambulatory equipment manufacturers to develop monitoring devices and connected healthcare solutions that enable healthcare professionals to monitor patients' health remotely and provide virtual consultations.
- Rehabilitation and Sports Medicine
The rehabilitation and sports medicine field relies heavily on ambulatory equipment for patient recovery and performance enhancement. There is a growing demand for specialized ambulatory equipment, including therapeutic exercise machines, balance boards, and gait training devices, to support rehabilitation and sports-related needs.
- Aging Population
The global population is aging at a significant rate, leading to a higher prevalence of chronic diseases and age-related mobility issues. The aging population is a significant driver for the ambulatory equipment market as it increases the demand for mobility aids, monitoring devices, and medical furniture to support independent living and improve the quality of life for older adults.
Opportunities
- Rising Demand for Home Healthcare
There is a growing preference for home healthcare services due to factors such as convenience, cost-effectiveness, and the desire for independence. This trend opens up opportunities for ambulatory equipment manufacturers to develop products that facilitate home-based care, including mobility aids, monitoring devices, and medical furniture.
- Technological Advancements
The integration of technology into ambulatory equipment offers opportunities for product innovation and improved patient outcomes. Advancements such as the Internet of Things (IoT), wearable devices, remote monitoring, and telemedicine solutions can enhance the functionality, connectivity, and usability of ambulatory equipment.
Restraints/Challenges
- High Cost
The cost of ambulatory equipment can be a significant restraint for many individuals and healthcare facilities. Advanced equipment, such as powered wheelchairs or sophisticated monitoring devices, can be expensive, making them less accessible to patients with limited financial resources. High costs may hinder adoption and limit market growth, particularly in regions with limited healthcare budgets or lack of insurance coverage.
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Limited Reimbursement
In some healthcare systems, reimbursement policies for ambulatory equipment may be limited or inadequate. Low reimbursement rates or strict eligibility criteria can pose challenges for patients and healthcare providers in acquiring necessary ambulatory equipment. This restraint can impact market growth and hinder the adoption of advanced equipment, particularly in regions where healthcare reimbursement is inadequate.
This ambulatory equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ambulatory equipment market, Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
- In March 2023, Sandoz Inc. McKess Medical-Surgical Government Solutions LLC announcd that it has been awarded a five-year U.S. department of veterans affairs (va) federal supply schedule (fss) 65 ii a, medical equipment and supplies, contract
- In August 2021 / -- MedSupply, announced the launch of Complex rehab program, medsupply mobility solutions (MMS)
Global Ambulatory Equipment Market Scope
The ambulatory equipment market is segmented on the basis of equipment, specialty, ownership, and center type. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Equipment
- Transfer Boards
- Canes
- Crutches
- Walkers
- Wheelchairs
- Support Surfaces
Specialty
- Single Specialty
- Multi-Specialty
Ownership
- Hospital Only
- Physician Only
- Corporation Only
- Physician and Corporation
- Hospital and Corporation
Center Type
- Hospital-Based
- Free-Standing
Ambulatory Equipment Market Regional Analysis/Insights
The ambulatory equipment market is analyzed and market size insights and trends are provided by country, equipment, specialty, ownership and center type as referenced above.
The countries covered in the ambulatory equipment market report are the U.S., Canada, and Mexico in North America, Germany, France, the U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the ambulatory equipment market because of the strong base of healthcare facilities, the strong presence of major players in the market, increased cases of chronic diseases and the rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market-impacting factors and domestic regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The ambulatory equipment market also provides you with a detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for ambulatory equipment market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the ambulatory equipment market. The data is available for historic period 2010-2020.
Competitive Landscape and Ambulatory Equipment Market Share Analysis
The ambulatory equipment market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ambulatory equipment market.
Some of the major players operating in the ambulatory equipment market are:
- Doubek Medical Supply(U.S.)
- McKesson Medical-Surgical Inc (U.S.)
- Angel Medical Supply (U.S.)
- AOSS Medical Supply, LLC (U.S.)
- Kights Medical(U.S.)
- Adventist Health(U.S.)
- Geriatric Medical and Surgical Supply, Inc.(U.S.)
- Aetna Inc.(U.S.)
- Distribution Unlimited (U.K.)
- Air-Caire Home Medical Equipment & Supplies(U.S.)
- Scrip Inc.(U.S.)
- Rehab and Mobility Systems, LLC,(U.S.)
- MTSHS(U.S.)
- Coastline Medical Solutions(U.S.)
- SupremeMed(U.S.)
- Invacare Corporation(U.S.)
- Hill-Rom Holdings, Inc(U.S.)
- Stryker Corporation(U.S.)
- Medtronic plc (Ireland)
- Medline Industries, Inc(U.S.)
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