The new report by Expert Market Research titled, ‘Global Personal Mobility Devices Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global personal mobility devices market, assessing the market based on its segments like products and regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 7205 Million
- Forecast CAGR (2021-2026): 9.6%
The personal mobility devices market is being driven by the growing cases of musculoskeletal injuries, Alzheimer’s and arthritis among the geriatric population. The market is likely to witness a surge in the forecast period, owing to the growing inclination of the geriatrics towards powered wheelchairs as these wheelchairs are ideal for long distances, improve the comfort level and can be used on any surface. Personal mobility devices such as forearm crutches are likely to gain traction in the forecast period, as the product is used for people with long-term disability. In addition to this, the personal mobility devices help a physically challenged person carry out day-to-day activities with ease. In terms of region, the Asia Pacific region accounts for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. This can be attributed to the rising geriatric population and increasing number of hospitals and medical care shops in the region.
Industry Definition and Major Segments
Personal mobility device is defined as the type of device which facilitates human transportation. This device is meant to provide mobility to people who are less mobile.
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On the basis of product, the market is divided into:
- Medical Mobility Aids and Ambulatory Devices
- Wheelchairs
- Manual Wheelchairs
- Electric Wheelchairs
- Mobility ScootersBoot Scooters
- Mid-Size Scooters
- Road Scooters
- Canes
- Folding Canes
- Quad Canes
- Offset Canes
- Crutches
- Axillary Crutches
- Elbow Crutches
- Forearm Crutches
- Walkers
- Standard Walkers
- Knee Walkers
- Rollators
- Medical Furniture's and Bathroom Safety Products
- Patients Lifts
- Manual Lifts
- Power Lifts
- Stand Up Lifts
- Heavy Duty Lifts
- Overhead track Lifts
- Stair Lifts
- Indoor Stair Lifts
- Outdoor Stair Lifts
- Medical BedsElectric Beds
- Manual Beds
- Bars and Railings
- Commodes and Shower Chairs
The regional markets for personal mobility devices include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The technological advancements in the healthcare industry in the emerging economies is likely to be a major trend in the market. Nowadays, the favourable government policies allow the private and government to lend the patients with mobility devices for short-term or long-term use. The repair and replacement policies offered by the government is anticipated to augment the market growth. For instance, Indian government initiated the scheme of Assistance to disabled persons for purchase/fitting of AIDS/appliances (ADIP scheme).
Key Market Players
The major players in the market are Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Hill-Rom Holdings, Inc., Ottobock, Stryker Corporation, Permobil (Patricia Industries), Pride Mobility Products Corp., Sunrise Medical (US) LLC, and Patterson Companies, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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The Personal Mobility Devices market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the personal mobility devices market include Acorn Stairlifts Inc., Drive Devilbiss Healthcare, Invacare Corporation, Ottobock Healthcare, Permobil, Pride Mobility Products Corporation, Stannah International, and Sunrise Medical (US) LLC.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Personal Mobility Devices Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/personal-mobility-devices-market/download-sampleMarket DynamicsThe rising incidences of rheumatoid arthritis and osteoporosis coupled with an increasing geriatric population, where mobile devices can be used to aid in movement, is augmenting the market growth of personal mobility devices.
Additionally, increasing demand for technologically advanced, compact and portability aids such as crutches, and canes, are further boosting the market growth.
On the downside, the high purchasing and maintenance cost of such devices hamper the market growth of personal mobility devices.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
Global Personal Mobility Devices Market: IntroductionIn terms of revenue, the global personal mobility devices market is projected to expand at a CAGR of ~ 7% during the forecast period, due to numerous factors, about which, TMR offers comprehensive insights and forecasts in the global personal mobility devices market report.Request Brochure –https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=6715Personal mobility devices include medical devices that assist in mobility and help in improving the overall quality of life of physically-disabled and geriatric populations.
Devices such as wheelchairs, canes, crutches, and walkers are among the major personal mobility devices available in the market.
Aging is related to declining support for long-term caregiving from families and extremely expensive formal long-term caregiving services.
The medical mobility aids & ambulatory devices segment comprises devices meant primarily for outdoor use, such as wheelchairs, scooters, canes & crutches, and walkers.
Medical beds are equipped with various features such as adjustable height, pillow lifts, chair beds, and rope ladders.
According to the Population Reference Bureau, the number of people aged above 65 years is likely to more than double from 45 million in 2018 to 98 million by 2060.The personal mobility devices market in Asia Pacific is expected to expand at a relatively high CAGR during the forecast period, owing to increasing focus on the development of healthcare infrastructure by public as well as private hospitals, and rise in the demand for affordable care in a significant share of the patient population.
