Personal Mobility Devices Market 2021 Size, Status and Global Outlook – Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation

Personal Mobility Devices Market - Growth, Trends, And Forecast (2020 - 2025)

The report presents an in-depth assessment of the Personal Mobility Devices including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Personal Mobility Devices investments from 2020 till 2025.

The Personal Mobility Devices market is highly competitive and consists of a number of major players. Top Companies like Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Ottobock, Permobil, Stryker Corporation, Pride Mobility Products Corp, Sunrise Medical (US) LLC, Patterson Companies, Inc., ArjoHuntleigh

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Scope of the Report

As per the revised World Population Prospects, by the United Nations, the number of people aged 60 or above is expected to grow greater than double by 2050, i.e. from 962 million in 2017 to 2.1 billion in 2050, globally. This age group is highly vulnerable to different types of age-related diseases, that require personal mobility aid. Furthermore, increasing research and development programs to address the issues and for product development by the key players propel the growth of the market.

Key Market Trends

Wheelchairs has been Emerged as the Largest Segment in Personal Mobility Devices Market

The wheelchair is one of the most popular assistive devices used in personal mobility. There are increasing developments in wheelchair equipment, such as the introduction of electric wheelchairs & wheelchairs capable of storing medical history with the capability to make distress calls in crisis, as well as supervise a persons health, are some of the factors driving the market.

According to the Bureau Of Transportation Statistics, U.S. Department of Transportation, an estimated 25.5 million Americans have disabilities that make traveling outside the home difficult. The growing geriatric population who are more prone to mobility diseases is also a major factor for market growth. Furthermore, the growing popularity of wheelchairs with advanced features due to an increasing number of patients is driving the market. In addition, the increasing number of product launches by players is expected to boost the growth of the market.

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall personal mobility devices market, throughout the forecast period. Due to the increasing geriatric population who are more prone to mobility disorders such as osteoporosis, rheumatoid arthritis, etc., the craze for mobility aid has been a rise in North America.

The United States and Canada contribute to the major share of the region. The supportive government initiatives that reduce the burden of the high cost of the devices, combined with growing reimbursement policies, have resulted in a high-volume usage of personal mobility devices. Moreover, manufacturers in North America have access to novel technology, which enables the development of technologically advanced devices in a short span, which is a major factor for the growth of the market.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Personal Mobility Devices Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

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