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Personal Mobility Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Personal Mobility Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • November 2021
  • 144 pages
  • ID: 6185733
  • Format: PDF
  • IMARC Group

Summary

Table of Contents

The global personal mobility devices market exhibited moderate growth during 2015-2020.

Looking forward, the analyst expects the market to grow at a CAGR of around 7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use sectors. These insights are included in the report as a major market contributor.

Personal mobility devices (PMDs) are utilized by individuals experiencing mobility issues on account of age or disabilities. These devices generally include canes, crutches, walkers, medical beds, powered wheelchairs, and electric scooters. Nowadays, governing agencies of numerous countries are taking effective measures to facilitate access to quality PMDs at an affordable cost. Besides this, several manufacturers are also focusing on developing more comfortable and innovative products.

Personal Mobility Devices Market Trends:
Road traffic crashes that lead to non-fatal injuries and physical disabilities are rising across the globe. This, along with the side effects of brain injuries, infections, strokes, and dementia, represents one of the main factors bolstering the growth of the PMDs market. The increasing number of individuals with target and neurological medical conditions are also driving the market. Additionally, the growing geriatric population, which is more susceptible to medical ailments, is positively influencing the need for PMDs to promote independent living. Apart from this, the easy availability of favorable reimbursement policies for purchased and rented PMDs are also contributing to the growth of the market. Furthermore, the leading market players are introducing laser-enabled rollators with advanced features, such as light frames, lockable wheels, pressure brakes, hemiplegic handles, oxygen tank holders, large wheel diameter, and extended weight-bearing capacity, for Alzheimer’s and Parkinson’s patients. These players are also introducing transfer lifts, automated rollators, and mobility scooters. However, the outbreak of coronavirus disease (COVID-19), stringent lockdown in numerous countries and a temporary halt in manufacturing facilities negatively impacted the market. The market is anticipated to experience growth in the upcoming years on account of rising purchasing power and increasing awareness about available mobility aids among individuals.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global personal mobility devices market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and end use.

Breakup by Product:
Walking Aids
Wheelchairs
Scooters
Others

Breakup by End Use:
Hospitals and Clinics
Homecare
Others

Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arjo, Carex Health Brands Inc. (Compass Health Brands Corp.), Drive Medical Inc, GF Health Products Inc., Invacare Corporation, Kaye Products Inc., Medline Industries Inc., Performance Health Supply Inc. (Patterson Medical), Pride Mobility Products Corp., Rollz International, Stryker Corporation and Sunrise Medical (US) LLC. Key Questions Answered in This Report:
How has the global personal mobility devices market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global personal mobility devices market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global personal mobility devices market and who are the key players?
What is the degree of competition in the industry?

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