Need help finding what you are looking for?
Contact Us
PUBLISHER: Grand View Research | PRODUCT CODE: 1224652
PUBLISHER: Grand View Research | PRODUCT CODE: 1224652
U.S. Group 2 Powered Mobility Devices Market Size, Share, & Trend Analysis Report By Product Type, By Sales Channel, By Payment Type, By End-use, By Price-range, And Segment Forecasts, 2023 - 2030
PUBLISHED:
PAGES: 110 Pages
DELIVERY TIME: 2-10 business days
SELECT AN OPTION
U.S. Group 2 Powered Mobility Devices Market Growth & Trends:
The U.S. group 2 powered mobility devices market size is expected to reach USD 6.7 billion by 2030, registering a CAGR of 12.0% during the forecast period, according to a new report by Grand View Research, Inc. Out-of-pocket sales are expected to form the fastest-growing sales channel owing to the reducing dependence on the traditional sources of insurance. However, manufacturers such as Drive Medical are still offering wheelchairs and scooters covered under Medicare. The introduction of technologically advanced products and commercial availability of a wide range of battery-powered mobility devices are some of the factors anticipated to rev up the acceptance of powered wheelchairs among customers making out-of-pocket expenses.
The COVID-19 outbreak has disrupted the supply chain of powered mobility devices due to the restrictions imposed by the government. The pandemic has negatively impacted the businesses of various market players in terms of sales and operating income.
The established presence of several manufacturers, the growing geriatric population, and introduction of the new devices in the market are the factors estimated to fuel demand for these devices in the country. The powered wheelchair segment was the largest product type segment in 2022. An increase in the number of spinal cord injuries and the aging population susceptible to disabilities is anticipated to be responsible for the growth of this segment. Manufacturers are entering into partnerships to offer improved products and consolidate their position in the market.
U.S. Group 2 Powered Mobility Devices Market Report Highlights:
- The market size reported a valuation of USD 2,626.7 million in 2022 and is likely to expand at a CAGR of 12.0% from 2023 to 2030
- Powered Wheelchairs (PWC) emerged as the largest product type segment in 2022 and this segment is expected to witness the fastest CAGR of 12.1% during the forecast period
- The out-of-pocket payment segment is anticipated to rise at a high CAGR of 12.0% during the forecast period due to the declined reliability of manufacturers on insurance
- The e-commerce sales channel will emerge as a highly promising segment, registering a CAGR of 12.1% during the same period
- The direct sales (excluding VA) segment is expected to witness the highest growth of 12.1% during the forecast period
Product Code: GVR-2-68038-306-5
Table of Contents
Chapter 1 Executive Summary
Chapter 2 Research Methodology
- 2.1 Country-wise Market: Base Estimates
- 2.2 Global Market: CAGR Calculation
- 2.3 Region-based Segment Share Calculation
- 2.4 Research Scope & Assumptions
- 2.5 List of Data Sources
- 2.5.1 Data for primary interviews, by sources
- 2.5.2 Data for primary interviews, by region
- 2.6 Market Snapshot
Chapter 3 U.S. Group 2 Powered Mobility Devices Market Variables, Trends, & Scope
- 3.1 Market Segmentation & Scope
- 3.2 Market Driver Analysis
- 3.2.1 Supportive bulk purchase
- 3.2.2 Increase in preference of powered mobility device
- 3.2.3 Introduction of novel technologies and products in the market
- 3.3 Market Restraint Analysis
- 3.3.1 Lack of product knowledge for making purchase decision through the online channel
- 3.3.2 Stringent regulatory framework for group 2 powered devices
- 3.3.3 High reimbursement denial rate
- 3.4 U.S. Group 2 Powered Mobility Devices - SWOT Analysis, by Factor (Political & Legal, Economic, and Technological)
- 3.5 Industry Analysis - Porter's
- 3.6 COVID-19 Impact Analysis
Chapter 4 U.S. Group 2 Powered Mobility Devices Market: Product Type Estimates & Trend Analysis
- 4.1 U.S. Group 2 Powered Mobility Devices Market: Product Type Movement Analysis
- 4.2 Powered Wheelchairs
- 4.2.1 Powered wheelchairs market, 2018 - 2030 (USD Million)
- 4.3 Power Operated Vehicle
- 4.3.1 Power operated vehicle market, 2018 - 2030 (USD Million)
Chapter 5 U.S. Group 2 Powered Mobility Devices Market: Payment Type Estimates & Trend Analysis
- 5.1 U.S. Group 2 Powered Mobility Devices Market: Payment Type Movement Analysis
- 5.2 Reimbursement
- 5.2.1 Reimbursement market, 2018 - 2030 (USD Million)
- 5.3 Out-of-Pocket
- 5.3.1 Out-of-pocket market, 2018 - 2030 (USD Million)
Chapter 6 U.S. Group 2 Powered Mobility Devices Market: Sales Channel Estimates & Trend Analysis
- 6.1 U.S. Group 2 Powered Mobility Devices Market: Sales Channel Movement Analysis
- 6.2 Retail
- 6.2.1 Retail market, 2018 - 2030 (USD Million)
- 6.3 E-commerce
- 6.3.1 E-commerce market, 2018 - 2030 (USD Million)
- 6.4 Direct Sales (excluding VA)
- 6.4.1 Direct sales (excluding VA) market, 2018 - 2030 (USD Million)
- 6.5 Veteran Affairs
- 6.5.1 Veteran affairs market, 2018 - 2030 (USD Million)
Chapter 7 U.S. Group 2 Powered Mobility Devices Market: End-Use Estimates & Trend Analysis
- 7.1 U.S. Group 2 Powered Mobility Devices Market: End-Use Movement Analysis
- 7.2 VA
- 7.2.1 VA market, 2018 - 2030 (USD Million)
- 7.3 General Population
- 7.3.1 General population market, 2018 - 2030 (USD Million)
Chapter 8 U.S. Group 2 Powered Mobility Devices Market: Price-Range Estimates & Trend Analysis
- 8.1 U.S. Group 2 Powered Mobility Devices Market: Price-Range Movement Analysis
- 8.2 1,000 - 4,999
- 8.2.1 1,000 - 4,999 market, 2018 - 2030 (USD Million)
- 8.3 5,000 - 9,000
- 8.3.1 5,000 - 9,000 market, 2018 - 2030 (USD Million)
- 8.4 9,000 and above
- 8.4.1 9,000 and above market, 2018 - 2030 (USD Million)
Chapter 9 Competitive Landscape
- 9.1 Recent Developments & Impact Analysis, By Key Market Participants
- 9.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 9.2.1 PARTICIPANT CATEGORIZATION
- 9.2.1.1 INNOVATORS
- 9.2.1 PARTICIPANT CATEGORIZATION
- 9.3 Vendor Landscape
- 9.3.1 List of Key Product Providers
- 9.3.1.1 Market Differentiators
- 9.3.1.2 U.S. Group 2 Powered Mobility Devices -Market Share Analysis
- 9.3.1 List of Key Product Providers
- 9.4 Company Profiles
- 9.4.1 Golden Technologies
- 9.4.1.1 Company overview
- 9.4.1.2 Product benchmarking
- 9.4.2 Pride Mobility Products Corporation
- 9.4.2.1 Company overview
- 9.4.2.2 Product benchmarking
- 9.4.2.3 Strategic initiatives
- 9.4.3 Invacare Corporation
- 9.4.3.1 Company overview
- 9.4.3.2 Product benchmarking
- 9.4.3.3 Strategic initiatives
- 9.4.4 National Seating & Mobility
- 9.4.4.1 Company overview
- 9.4.4.2 Product benchmarking
- 9.4.5 Numotion
- 9.4.5.1 Company overview
- 9.4.5.2 Product benchmarking
- 9.4.5.3 Strategic initiatives
- 9.4.6 1800wheelchair.com
- 9.4.6.1 Company overview
- 9.4.6.2 Product benchmarking
- 9.4.6.3 Strategic initiatives
- 9.4.7 EZ Lite Cruiser
- 9.4.7.1 Company overview
- 9.4.7.2 Product benchmarking
- 9.4.7.3 Strategic initiatives
- 9.4.8 Shoprider Mobility Products, Inc.
- 9.4.8.1 Company overview
- 9.4.8.2 Financial performance
- 9.4.8.3 Product benchmarking
- 9.4.8.4 Strategic initiatives
- 9.4.9 Medical Depot, Inc. (Drive DeVilbiss Healthcare)
- 9.4.9.1 Company overview
- 9.4.9.2 Product benchmarking
- 9.4.9.3 Strategic initiatives
- 9.4.1 Golden Technologies
Product Code: GVR-2-68038-306-5
List of Tables
- TABLE 1 List of secondary data sources
- TABLE 2 List of abbreviations
List of Figures
- FIG. 1 Market research process
- FIG. 2 Information procurement
- FIG. 3 Primary research pattern
- FIG. 4 Market summary, 2022 (USD Million)
- FIG. 5 Market trends & outlook
- FIG. 6 Market segmentation & scope
- FIG. 7 Market driver relevance analysis (Current & future impact)
- FIG. 8 Market restraint relevance analysis (Current & future impact)
- FIG. 9 SWOT Analysis, by Factor (political & legal, economic and technological)
- FIG. 10 Porter's Five Forces Analysis
- FIG. 11 Retail Sales Channel
- FIG. 12 E-commerce Sales Channel
- FIG. 13 Direct Sales Channel
- FIG. 14 U.S. Group 2 Powered Mobility Devices Market: Product Type outlook key takeaways
- FIG. 15 U.S. Group 2 powered mobility devices market: Product type movement analysis (USD Million)
- FIG. 16 Power wheelchair market estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 17 U.S. POV market estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 18 U.S. group 2 powered mobility devices market: Payment type outlook key takeaways
- FIG. 19 U.S. Group 2 powered mobility devices market: Payment type segment movement analysis
- FIG. 20 Reimbursement market estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 21 Out-of-Pocket market estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 22 U.S. group 2 powered mobility devices market: Sales channel outlook key takeaways
- FIG. 23 U.S. group 2 powered mobility devices market: Sales channel segment movement analysis
- FIG. 24 Retail sales channel segment market estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 25 Retail sales channel segment market volume estimates and forecasts, 2018-2030 (Units)
- FIG. 26 E-commerce sales channel market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 27 E-commerce sales channel market volume estimates and forecasts, 2018-2030 (Units)
- FIG. 28 Direct sales channel market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 29 Direct sales channel market volume estimates and forecasts, 2018-2030 (Units)
- FIG. 30 Veterans Affairs sales channel market estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 31 U.S. group 2 powered mobility devices market: End-use outlook key takeaways
- FIG. 32 U.S. group 2 powered mobility devices market: End-use segment movement analysis
- FIG. 33 VA market estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 34 General population market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 35 U.S. group 2 powered mobility devices market: Price-range outlook key takeaways
- FIG. 36 U.S. group 2 powered mobility devices market: Price-range segment movement analysis
- FIG. 37 1,000 - 4,999 market estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 38 5,000 - 9,000 market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- FIG. 39 9,000 and above market revenue estimates and forecasts, 2018 - 2030 (USD Million)
Have a question?
SELECT AN OPTION
Have a question?
Questions? Please give us a call or visit the contact form.