Revenue has skyrocketed over recent years as government funding for the National Disability Insurance Scheme (NDIS) has surged. Disability service providers have benefited greatly from new funding arrangements, as market-based arrangements support many people with disabilities across Australia. Some individuals receive NDIS support in addition to their Disability Support Pension or other disability payments, while others receive support for the first time under the scheme. Industry revenue is expected to have surged at an annualised 12.1% over the five years through 2024-25, to $48.7 billion. This includes an anticipated jump of 5.9% in 2024-25. Revenue growth over the past five years doesn’t include services offered by NDIS providers under other disability frameworks, like the National Disability Agreement. A substantial portion of the industry's expansion efforts has been due to heightened funding rather than a natural increase in demand. The pandemic had a minimal effect on the NDIS rollout since the service is deemed essential. However, boosted funding for healthcare in general post-pandemic, as the government shifts its priorities, has benefited NDIS providers. This funding shift has also lifted industrywide profitability. The industry is set to continue expanding in the coming years, although at a slower pace compared to historical growth. An increasing number of individuals are projected to enrol in the NDIS, driving up demand. However, the NDIS’s prolonged rollout is losing momentum, leading to decelerating growth. As more individuals sign up to the NDIS, providers will need to diversify and deliver services for more disabilities. Technological innovations are also set to provide more support for industry participants, particularly in the area of assistive technology. Revenue for NDIS providers is forecast to expand at an annualised 7.1% over the five years through 2029-30, to $68.6 billion.

Snapshot img { margin: 10px !important; }

Below are some of the key findings from the medical mobility scooters market research report

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

Get a FREE sample now!

Global medical mobility scooters industry overview

One of the key factors contributing to the growth of the global medical mobility scooters market is the growing demand for medical mobility scooters. The rise in the number of orthopedic diseases such as arthritis and accidental bone damage in lower limbs in adults, children, and older people has increased the need for mobility scooters. Factors such as technological advances and advanced features of medical mobility scooters also aid in market growth. The medical mobility scooters are flexible and have speed controllers. For instance, a mobility scooter can move at a speed of 4 to 8 mph and the seats of these scooters are adjustable according to the height of the person.

The rising government initiatives and schemes are one of the major trends being witnessed in the global medical mobility scooters market 2018-2022. The governments of many countries are producing various schemes, initiatives, and programs to increase the growth of the medical mobility scooters market. The major government programs include the National Disability Insurance Scheme (NDIS) and Medical Aids Subsidy Scheme (MASS), which are designed to support Australian citizens with a permanent disability. Such factors will trigger the global medical mobility scooters market to grow at a CAGR of nearly 8% during the forecast period.

Top medical mobility scooters companies covered in this market research report

The medical mobility scooters market is moderately concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this medical mobility scooters industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• Drive DeVilbiss Healthcare
• Electric Mobility Euro
• Invacare
• Roma Medical
• Sunrise Medical

Medical mobility scooters market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the Americas will account for the highest growth of this market throughout the forecast period. The Americas held the largest share of the market in 2017, accounting for close to 48% share, followed by EMEA and APAC respectively.

Medical mobility scooters marke