Global Personal Mobility Devices Market is expected to reach USD 8.0
billion by 2020, according to a new study by Grand View Research, Inc.
Increasing geriatric population base and prevalence of target diseases are some
key factors expected to drive market growth during the forecast period. Aging
heightens the susceptibility of a person towards developing target diseases
such as osteoporosis and rheumatoid arthritis. Therefore, a growing geriatric
population base is expected to widen the patient base for manufacturers.
Additionally, presence of supportive government initiatives aimed at
strengthening reimbursement frameworks and growing R&D investments for new
product development is expected to propel market growth over the next six
years.
In depth research report
on Personal Mobility Devices Market
Further key findings from
the study suggest:
·
Wheelchairs were the largest selling product segment in 2013. Growing
demand for powered wheelchairs especially in the developed countries is
expected to drive segment growth during the forecast period.
·
Premium rollators are identified as the most lucrative segment of this
market. Manufacturers of these rollators capitalize on the unmet needs of
patients. Features such as enhanced height, ability to handle heavy weight
patients, handle adjustment mechanism are expected to enhance penetration
rates. The introduction of specialized devices such as rollators with laser
attachment for patients suffering from Parkinson’s is also expected to drive
segment growth during the forecast period. These devices are expected to
witness a rapid rise in demand in developed markets with patients holding high
disposable income and awareness levels.
·
North America was the most matured regional personal mobility devices
market in 2013. The region was the largest revenue generating market,
accounting for over 35.0% of revenue in the year. Presence of supportive
government policies, sophisticated healthcare infrastructure and growing
geriatric population base are some factors attributing to its large share.
·
Asia Pacific is expected to grow at a lucrative growth rate during the
forecast period. This region, owing to a growing geriatric population base,
increasing disposable income and awareness levels is expected to witness a
rapid gain in demand over the next six years.
·
Some key players of the personal mobility devices market include Drive
Medical Design & Manufacturing, Electric Mobility, Sunrise Medical, Pride
mobility, Briggs Healthcare, Kaye Products, Nova, Patterson Medical, Eurovema
AB, Graham-Field Health Products Incorporation, Invacare and TOPRO
·
Developing technologically advanced personal mobility devices via
extensive R&D investments and entering into strategic alliances with buyers
are some key sustainability strategies adopted by these market players.
For the purpose of this study, Grand View Research has segmented the
global personal mobility devices market on the basis of product and region:
Global Personal Mobility Devices Product Outlook
(Revenue, USD Million, 2012 - 2020)
·
Wheelchairs
o
Manual
o
Power
·
Scooters
·
Mobility aids
o
Rollators
o
Low cost
o
Premium
o
Other Walking aids (canes, crutches, walkers)
Personal Mobility Devices
Regional Outlook (Revenue, USD Billion, 2012 - 2020)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
o
France
o
Italy
o
Spain
o
Austria
o
Switzerland
·
Asia Pacific
o
Japan
o
RoW
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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