Personal Mobility Devices Market Overview
The personal mobility devices market is expected to register a CAGR of nearly 5.85% and it is expected to reach USD 11,527.84 million by 2026. The major factor contributing to the growth of the market is the growing number of disability cases, due to the rising elderly population, increasing number of road accidents, spinal cord injuries, and meningitis are the important factors likely to boost the growth of the global personal mobility devices market. According to the revised World Population Prospects by the United Nations, the number of people aged 60 years or above is expected to grow more than double by 2050, from 962 million in 2015 to 2.1 billion by 2050, worldwide. This age group is at high risk for various age-related illnesses, which require the help of personal mobility.
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Personal Mobility Devices Market – Geographical Overview
North America dominates the personal mobility devices market during the forecast period
Due to the increasing geriatric population who are more prone to mobility disorders, such as osteoporosis, rheumatoid arthritis, etc., the craze for mobility aid has been a rise in North America. The United States and Canada contribute to the major share of the region. The supportive government initiatives that reduce the burden of the high cost of the devices, combined with growing reimbursement policies, have resulted in a high-volume usage of personal mobility devices. As per the Bureau of Transportation Statistics, US Department of Transportation, an estimated 25.5 million Americans have disabilities that make traveling outside the home difficult. As the geriatric population, which is more prone to mobility diseases, the demand for personal mobility devices is expected to increase over the forecast period.
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Key Highlights of the Personal Mobility Devices Market
- The personal mobility devices market is moderately competitive and consists of several major players. Some of the companies currently dominating the market are Drive DeVilbiss Healthcare, GF Health Products Inc., Invacare Corporation, Ottobock, Permobil, Stryker Corporation, Pride Mobility Products Corp., Sunrise Medical (US) LLC, Patterson Companies, Inc., and ArjoHuntleigh.
- According to Disabled World, currently, about 10% of the world’s population, or nearly 650 million people, are living with a disability. In most Organization for Economic Co-operation and Development (OECD) countries, females have higher rates of disability than males, and according to the UN Development Program (UNDP), 80% of persons with disabilities live in developing countries.
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List of Key Players in the Personal Mobility Devices Market
- Drive DeVilbiss Healthcare
- GF Health Products Inc.
- Invacare Corporation
- Ottobock
- Patricia Industries (Permobil)
- Stryker Corporation
- Pride Mobility Products Corp.
- Sunrise Medical (US) LLC
- Medline Industries Inc.
- Arjo
*List Not Exhaustive
Mordor Intelligence has segmented the global personal mobility devices market on the basis of product, end-user, and geography:
- Product (Market Size & Forecast based on Revenue (USD million), 2018-2026)
- Wheelchairs
- Walking Aids
- Scooters
- Other Products
- End-user (Market Size & Forecast based on Revenue (USD million), 2018-2026)
- Hospital and Clinics
- Home Care Settings
- Other End-users
- Geography (Market Size & Forecast based on Revenue (USD million), 2018-2026)
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- Middle-East and Africa
- GCC
- South Africa
- Rest of Middle-East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
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