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Personal Mobility Devices Market Analysis | CMI

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Title: Personal Mobility Devices Market Analysis | CMI


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, RE Stricker
    Reha-Entwicklungen GmbH, Triride Srl, Klaxon
    Mobility GmbH, Alber GmbH, Spinergy, Inc., and
    Yamaha Motor Co., Ltd.

9
  • Request Sample Report
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  • Download PDF Brochure
  • Talk to Analyst
  • Reference https//www.coherentmarketinsights.com
    /market-insight/personal-mobility-devices-market-1
    662

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_at_coherentmarketinsights.com

12
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