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
·
Manual
·
Power
·
Scooters
·
Mobility aids
·
Rollators
·
Low cost
·
Premium
·
Other Walking aids (canes,
crutches, walkers)
Personal Mobility Devices Regional Outlook (Revenue, USD
Billion, 2012 - 2020)
·
North America
·
U.S.
·
Europe
·
Germany
·
UK
·
France
·
Italy
·
Spain
·
Austria
·
Switzerland
·
Asia Pacific
·
Japan
·
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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