Personal Mobility Devices Market Size To Reach USD 12426.0 Million By 2026 – Top Key Players TOPRO, Carex Health Brand Incorporation, Invacare

Rising prevalence of diseases like Parkinson’s disease, Alzheimer’s and arthritis, rising geriatric population coupled with favorable reimbursement scenario are the key factors contributing to high CAGR of Personal Mobility Devices market during the forecast period.

According to the current analysis of Reports and Data, the global Personal Mobility Devices market was valued at USD 7400.7 Million in 2018 and is anticipated to reach USD 12426.0 million by the year 2026, at a CAGR of 6.7%. A personal mobility device is a vehicle that is designed to be used by one person, has one or more wheels that operate on a single axis, and is propelled by an electric motor attached to the vehicle or by human power or both.

Due to the high cost of personal mobility devices, manufacturers are encouraged to finance R&D initiatives for the development of new-age devices, and health insurance companies have been resolving the price-rise crisis with favorable reimbursement plans. Furthermore, governments of different nations are focusing on initiatives to create awareness regarding personal mobility devices. For instance, in August 2015, The Government of India made an effort to transform 5,000 public places in India to be disabled-friendly by July 2019. The sites include all airports, major railway stations, and 4,000 key buildings, which in turn is expected to favor the growth of the personal mobility devices market. Also, European Union implemented the European Disability Strategy 2010-2020 (EDS) in 2010, to complement national efforts with a European-wide framework. The European Disability Strategy’s main aim is to allow people with disabilities to have the right to participate equally and fully in the society and economy.

As social ideologies like workplace equality penetrate in developed as well as developing countries, the popularity of wheelchairs and crutches is markedly mounting and attracting more capital towards the personal mobility devices market. Besides, the susceptibility of the geriatric population to motion control disorders is opening up lucrative prospects for personal mobility devices. However, high purchasing and maintenance cost of the equipment are expected to impede the market growth of Personal mobility devices industry.

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Increasing development of on-demand, digitally enabled, and seamlessly connected clinician-patient interactions to manage patient base is expected to drive pharma and healthcare market in the coming years. After the COVID-19 outbreak there has been a number of foundational shifts in the healthcare system. Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development. The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments. Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.

Further key findings from the report suggest

• Several homes or office modifications are made to facilitate navigation within a building or in other areas where there are changes in surface heights. These include ramps, stairlifts, and handrails. Access ramps are essential as some people with walkers, canes, and crutches find that ramps provide easier access than steps.

• Stairlifts are devices that move people and wheelchairs up and downstairs, either through the floor or along the staircase. Handrails are unique devices that are fitted in many restrooms and by entrances to provide support and stability to people with mobility issues.

• Modern technology is enabling access to some of the coolest personal mobility devices ever to hit the personal mobility devices market. While they are not common now, these impressive advancements are anticipated to be the next big thing, minimizing the use of cars and public transport not only for a greener world but also to look super cool navigating the streets. For instance, in September 2018, Sunrise Medical (US) LLC launched new QUICKIE Q700 M SEDEO ERGO, an advanced mid-wheel drive power wheelchair.

• Acton Rocket Skates, Yuneec E-Go, Self-Balancing Hoverboards, EcoReco Electric Scooter, Ninebot One are the five topmost modern mobile devices that are trending among the youth and are set for tremendous growth in the coming years

• The global Personal Mobility Devices market is highly fragmented with major players like TOPRO, Carex Health Brand Incorporation, Drive Medical Design & Manufacturing, Invacare, Sunrise Medical, Pride Mobility, Kaye Products, Electric Mobility, Briggs Healthcare, and Patterson Medical among others, that collectively constitute a competitive market

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Segments covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the Personal Mobility Devices market on the basis of product type, end use and region:

Product Type Outlook (Revenue in Million USD; 2016–2026)

• Wheel chairs
o Manual
o Powered
• Scooters
• Hand Bikes
o Electric handbikes
o Manual handbikes
o Hybrid handbikes
• Walking aids
o Rollators
 Premium
 Low cost
• Stair lifts
• Power Addon products
• Other walking aids
o Canes
 Folding Canes
 Quad Canes
 Offset Canes
o Crutches
 Axillary Crutches
 Elbow Crutches
 Forearm Crutches
o Walkers
 Standard Walkers
 Knee Walkers

Medical Furniture and Bathroom Safety Products (Revenue in Million USD; 2016–2026)

• Patient Lifts
o Manual Lifts
o Power Lifts
o Stand Up Lifts
o Heavy Duty Lifts
o Overhead Track Lifts
• Stair Lifts
o Indoor Stair Lifts
o Outdoor Stair Lifts
• Medical Beds
o Electric Beds
o Manual Beds
 Stretchers
 Low Beds
 Water Beds
• Bars and Railings
• Commodes and Showers

End Use Outlook (Revenue in Million USD; 2016–2026)

• Hospitals and Clinics
• Ambulatory Surgical Centers
• Urgent Care Center
• Home Care setting
• Others

Regional Outlook (Revenue in Million USD; 2016–2026)

• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Spain
o Italy
o Rest of the Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Middle East & Africa
• Latin America
o Brazil

Major Highlights of the Personal Mobility Device Market Report:

• The Personal Mobility Device market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
• The report dives deeper into the market and explains the dynamic factors bolstering market growth.
• The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
• The report analyzes the Personal Mobility Device market presence across major regions of the world.
• It determines the production & consumption capacities and demand & supply dynamics of each regional market.
• The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
• It provides company overview and SWOT analysis of each of the market players.

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