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Market Research Report
Product code
997959
Personal Mobility Devices Market with COVID-19 Impact Analysis, By Product Type, By End User, and By Region - Size, Share, & Forecast from 2021-2027 |
Personal Mobility Devices Market with COVID-19 Impact Analysis, By Product Type, By End User, and By Region - Size, Share, & Forecast from 2021-2027 |
Published: February 1, 2021
AnalystView Market Insights
Content info: 255 Pages
Delivery time: 2-3 business days
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The global personal mobility devices market was valued at USD 11.8 billion in 2020, growing with 6.1% CAGR during the forecast period, 2021-2027.
Personal mobility devices help in the mobility of personally disabled people and enhance their independent living. These devices enable freedom to patients, especially older adults for transportation. The mobility devices comprised wheelchairs, rollators, walkers, and others.
Market Dynamics
The personal mobility devices market is estimated to witness a substantial growth rate in the next few years. The increasing number of accidental cases with disabilities coupled with the growing number of product development is expected to boost demand for personal mobility devices. Further, the rising older adult population and chronic disorders are also fueling the market growth. According to a WHO report in 2018, the older adult population is projected to increase from 7.0% in 2000 to around 16.0% by 2050. Additionally, according to the CDC data (2019), more than 60 million people in the U.S. suffered from arthritis. During road accidents, the rising number of spinal cord fatalities and bone dislocation is expected to bolster the market growth.
Furthermore, according to World Population Prospects done by the United Nations (UN), the number of people aged 60 and above is expected to grow by more than double by 2050. This number is projected to grow from 962.0 million in 2017 to 2.10 billion in 2050. These age group people highly need mobility aid support. The supportive government policies about rented devices are also driving the market growth. Mobility devices are majorly covered under Medicare Insurance. For example, the government of India has started the scheme of Assistance to Disabled Persons for Purchase of Appliances/Aid to promote the rehabilitation among disabling people.
The personal mobility devices market is segregated into product type and end-user segments. Based on product type, the wheelchair segment held the largest revenue share of over 40.0% in 2019. By application, Hospitals & clinics segment is projected to dominate the market over the forecast period, 2021 to 2027.
Regional Insights
North America held the largest share in 2019 and is projected to lead the market with the largest share on the account of the rising older adult population across the region. In addition, the growing prevalence of diseases like rheumatoid arthritis, osteoporosis are boosting regional growth. Europe is estimated to grow at a significant CAGR over the forecast period. Asia Pacific is expected to expand at the highest CAGR from 2021 to 2027. The region is projected to offer lucrative growth opportunities over the forecast period due to the rising older adult population and a growing number of R&D activities across the countries like China, Japan, and India.
Competitive Landscape
The personal mobility devices market is moderately competitive in nature. Key players in the market are top-notch players such as GF Health Products, Inc., Invacare Corporation, Carex Health Brands, Inc., and Kaye Products, Inc. These players focus on strategic innovation, partnerships, and new product developments to remain competitive in the market. For example, in 2020, Rollz has introduced Parkinson's rollator at the international trade fair.
Key features of the study:
This proposed research study on Personal Mobility Devices market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Personal Mobility Devices market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Personal Mobility Devices market
Impact of COVID-19 on Personal Mobility Devices market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Personal Mobility Devices market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Personal Mobility Devices market, we have also included competitive landscape and key innovator analysis for the Personal Mobility Devices market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Personal Mobility Devices market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the Personal Mobility Devices market on global as well as regional level.
The global Personal Mobility Devices market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL PERSONAL MOBILITY DEVICES MARKET KEY PLAYERS
Drive DeVilbiss Healthcare
GF Health Products, Inc.
Invacare Corporation
Carex Health Brands, Inc.
Ottobock
Permobil
Kaye Products, Inc.
Briggs Healthcare
Stryker Corporation
Patterson Companies Inc.
Medline Industries, Inc.
NOVA Medical Products
Performance Health
Rollz International
GLOBAL PERSONAL MOBILITY DEVICES MARKET, BY PRODUCT TYPE
Wheelchair
Walking Aids
Scooters
Others
GLOBAL PERSONAL MOBILITY DEVICES MARKET, BY END USER
Hospitals & Clinics
Home Care
Others
GLOBAL PERSONAL MOBILITY DEVICES MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA
List of Tables
List of Figures