Market Insights
Personal mobility devices refer to any assistive device that facilitates individual human transportation. Although many such devices are used by people with disabilities or mobility restrictions, mobility aids can be employed generally. The increasing geriatric population and rising prevalence of target bone diseases such as arthritis and osteoporosis among the aged population are major factors driving the market’s growth during the forecast period.
The report titled “Global Personal Mobility Devices Market: Growth, Future Prospects, and Competitive Analysis, 2016–2024” offers strategic insights into the overall personal mobility devices market, along with the market size and estimates for the duration of 2016–2024. The research study in question provides an in-depth examination of multiple market segments based on product type and geographical region. The type of product segment studied for analyzing the overall personal mobility devices market is majorly segmented into wheelchairs, scooters, walking aids, patient lifts, and patient stairs.
In order to help strategic decision-makers, the report also includes competitive profiling of the leading players in the personal mobility devices market and attractive investment propositions and market positioning of key manufacturers’ sections.
Geographically, the global personal mobility devices market is studied for the following regional markets:
- North America
- Europe
- Germany
- France
- Italy
- U.K.
- Russia
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
The market size and forecast for these regional and country-level markets are presented in this study for the period 2014–2024. Market growth rates for the forecast period 2016–2024 are also included in this report, considering 2015 as the base year.
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for a better analysis of the overall market scenario and future prospects. Information such as market inclination insights, Porter’s five forces analysis, drivers, challenges, and opportunities assists the readers in understanding the ongoing trends in the global personal mobility devices market.
Tools such as key player market positioning and an appealing investment proposition provide readers with insights into the global personal mobility devices market’s competitive scenario. This report concludes with a company profiles section that highlights major information about the key players engaged in the global personal mobility devices market. In-depth competitive environment analysis and historical 2014 market size data are also provided in the report.
Thus, the research study provides a holistic view of the global personal mobility devices market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.
Based on the type of product, the personal mobility devices market is segmented as follows:
- Wheelchairs
- Manual Wheelchairs
- Powered Wheelchairs
- Scooters
- Walking Aids
- Canes & Crutches
- Rollators
- Patient Lifts
- Stair Lifts
Personal mobility devices refer to any assistive device that facilitates individual human transportation. Although many such devices are used by people with disabilities or mobility restrictions, mobility aids can be employed generally. The key products analyzed in the personal mobility devices market include wheelchairs, scooters, walking aids, patient lifts, and stair lifts. The wheelchair segment is further sub-segmented into manual wheelchairs and powered wheelchairs. Wheelchairs had the largest market share in the global personal mobility devices market. The key factors assisting the overall market growth of the wheelchair segment are high usage rates, growing demand for powered wheelchairs, and their rising implementation in-home use, hospitals, airports, hotels, and other public places.
However, the walking aids segment is anticipated to achieve significant growth in the near future due to the growing popularity of three- and four-wheeled rollators. According to market experts, the reimbursement provided by U.S. Medicare is around 80% of the device cost for rollators. Rollators are priced between US$ 130 and $200, and high disposable income and increasing acceptance of technologically advanced rollators, particularly in North American and European countries, are expected to drive rollator growth in the near future.
For the purpose of this study, the global personal mobility devices market is categorized into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
For the purpose of this study, the global personal mobility devices market is categorized into six regional markets: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America had the largest market for personal mobility devices in 2015. The factors driving the North American personal mobility devices market are the continuous rise in the geriatric population, which is leading to a rise in demand for assistive devices.
Moreover, the presence of sophisticated healthcare infrastructure coupled with an efficient reimbursement framework and disposable income are the major factors driving the North American personal mobility devices market. Asia Pacific is expected to register the fastest growth rate during the forecast period. The large presence of untapped opportunities in the emerging markets of India and China and the constantly improving healthcare infrastructure in these markets are some attributes accounting for the aforementioned conclusion.
Moreover, a growing geriatric population in China and Japan and increasing disposable incomes, rising awareness and healthcare expenditure levels, and the presence of government initiatives aimed at improving healthcare access in the region are also expected to fuel the market during the forecast period.
