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Personal Mobility Devices Market Analysis | CMI

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Personal Mobility Devices Market Analysis | CMI

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. PERSONAL MOBILITY DEVICES MARKET ANALYSIS • Personal Mobility Devices Market - Global Forecast to 2026, by Product Type (Wheelchair, Scooters, Handbikes, Walkers, Stair-lifts, Power Add On Products, and Others), by End User (Hospitals & Clinics, Ambulatory Surgical Centers, Urgent Care Center, Home Care Setting, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast 2018 - 2026 • The global personal mobility devices market size was valued at US$ 7,818.5 million in 2017, and is expected to exhibit a CAGR of 6.7% over the forecast period (2018 – 2026).

  3. Figure 1. Global Personal Mobility Devices Market Value (US$ Mn), by Region, 2017

  4. Market Drivers • Rising disability cases, owing to growing geriatric population, increasing number of road accidents, spinal cord injuries, meningitis, and workplace injuries are the leading factors expected to propel growth of the global Personal Mobility Devices Market. • Increasing disability cases is expected to drive the global personal mobility devices market growth. According to Centers for Disease Control and Prevention (CDC), in 2013, over 53 million people in the U.S. were suffering from some form of disability. Furthermore, the most common type of disability found was mobility disability, which was around 1 in 8 adults among all disabled cases according to the same source. Similarly, according to the World Population Prospects in 2017, global population aged over 60 years was 962 million, which is expected to reach around 2.1 billion by 2050. Globally, population aged 60 years and above is increasing faster than all younger age groups. This group of population is highly susceptible to different types of age-related diseases such as diabetes, renal insufficiency and arthritis, metabolic change, Parkinson's disease, organ failures, and nervous disorders. • Moreover, increasing product development and focus on addressing issues faced by wheelchair users, by manufacturers, is expected to propel growth of the market over the forecast period. For instance, Sunrise Medical (US) LLC launched advanced power wheelchair in 2016. The wheelchair, designed by Sunrise Medical (US) LLC, is assembled with a suspension and has advanced seating system, which supports complex seating and positioning needs. Furthermore, this chair has electronic features and user control.

  5. Market Restraints • However, lack of awareness about advanced personal mobility devices and unavailability of service centers is expected to hinder the market growth. Low access to rehabilitation centers in emerging economies is mainly found due to lack of proper transportation service for the people with disabilities. Moreover, the number of rehabilitation centers is very low in emerging countries, which causes disabled people to travel for long distance to receive appropriate treatment.

  6. Figure 2. Global Personal Mobility Devices Market Share (%), by End User, 2018 and 2026

  7. Segment Information • Rising geriatric population and increasing patient population with lower limb impairment or disability in the North America are expected to bolster the market growth • North America holds dominant position in the global personal mobility devices market, owing to the increasing geriatric population and growing patient population with limb impairment or disability. According to Centers for Disease Control and Prevention Report 2015, around 1.9 million people in the U.S. were living with limb loss due to diabetes, vascular diseases, infection, trauma, and cancer. Furthermore, as per Disabled World Journal Report 2013, there were around 6.8 million people in the U.S. who required assistive device for mobility, of which around 1.7 million people used wheelchair for mobility purpose. • Moreover, launch of products, investment, and acquisition strategies by market players is expected to propel growth of the personal mobility devices market. For instance, in August 2017, Invacare Corporation announced the launch of Invacare TDX SP2 Power Wheelchair with LiNX Technology and Motion Concepts Ultra Low Maxx Positioning System. The TDX SP2 Power Wheelchair is the new offering in North America and the company planned to manufacture the product at the Taylor Street manufacturing facility in Ohio, U.S.

  8. Key Players • Major players operating in the global personal mobility devices market include Invacare Corporation, Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Sunrise Medical (US) LLC, Permobil, Acorn Stairlifts Inc., Stannah International, Ottobock Healthcare, R&E Stricker Reha-Entwicklungen GmbH, Triride Srl, Klaxon Mobility GmbH, Alber GmbH, Spinergy, Inc., and Yamaha Motor Co., Ltd.

  9. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Reference : https://www.coherentmarketinsights.com/market-insight/personal-mobility-devices-market-1662

  10. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  11. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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