Dublin, June 21, 2021 (GLOBE NEWSWIRE) -- The "Personal Mobility Devices Market by Product and End User - Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global personal mobility devices market was valued at $7,704.77 million in 2019, and is expected to reach $14,591.76 million by 2027, growing at a CAGR of 7.1% from 2020 to 2027. Personal mobility devices offer convenient, safe, and suitable transportation to the patients suffering from mobility impairment disorders. These devices can be easily accessed by the caregivers or patients at their home. Some of the devices available in the market include walkers, wheelchairs, rollators, canes, crutches, and other personal mobility devices. These devices help patients to perform their day-to-day movements smoothly without the need of visiting clinics or hospitals. Therefore, these devices are being widely used by the elderly population as well as patients with certain difficulty in mobility.
Upsurge in patients with disabilities, overall growth in geriatric population, rise in incidences of road accidents, increase in prevalence of meningitis and spinal cord injuries are some of the major factors contributing to the growth of the market. For instance, as per the data published by U.S. Census Bureau, among 7.3 billion people worldwide in 2016, an estimated 8.5%, or 617.1 million, were aged 65 and older. Elderly population is projected to increase more than 60% in 15 years. In 2030, it is anticipated there will be about 1 billion older people worldwide, which is equivalent to 12% of the total population.
The share of geriatric population is anticipated to continue to grow in the following 20 years. By 2050, it is estimated that there will be 1.6 billion older people worldwide, representing 16.7% of the total world population of 9.4 billion. This age group is more susceptible for several age-related chronic illnesses that may require personal mobility devices for ambulation. Furthermore, according to the data published by Disabled World, presently, 650 million people or about 10% of the world's population live with a disability. Therefore, these aforementioned factors collectively are responsible for driving the growth of the personal mobility devices market during the forecast period.
The research report categorizes the personal mobility devices market based on product, end user, and region. Based on product, the market is segmented into walking aids, wheelchairs, and scooters. Under the walking aids segment, the market is further categorized into rollators and others. Under the wheelchairs segment, the personal mobility devices market is further bifurcated into manual and powered. Based on end user, the market is classified into hospitals, homecare and others. Region-wise, the market has been analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits
- This report provides a detailed quantitative analysis of the current market trends and future estimations from 2020 to 2027, which assists to identify the prevailing market opportunities.
- An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
- A comprehensive analysis of the factors that drive and restrain the growth of the global personal mobility devices market is provided.
- An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitution
3.3.5. Competitive rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Technological advancements in personal mobility devices
3.4.1.2. Increase in the prevalence of the chronic diseases
3.4.1.3. Increase in the geriatric population
3.4.2. Restraints
3.4.2.1. High cost associated with these devices
3.4.2.2. Complications related to use of personal mobility devices
3.4.3. Opportunity
3.4.3.1. Upsurge in demand for personal mobility devices in emerging nations
3.5. COVID-19 Impact analysis on the market
CHAPTER 4: PERSONAL MOBILITY DEVICES MARKET, BY PRODUCT
4.1. Overview
4.1.1. Market size and forecast
4.2. Walking Aids
4.2.1. Key market trends and growth opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Wheelchairs
4.3.1. Key market trends and growth opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Scooters
4.4.1. Key market trends and growth opportunities
4.4.2. Market size and forecast, by country
4.4.3. Market analysis, by country
CHAPTER 5: PERSONAL MOBILITY DEVICES MARKET, BY END USER
5.1. Overview
5.1.1. Market size and forecast
5.2. Hospitals
5.2.1. Market size and forecast, by region
5.2.2. Market analysis, by country
5.3. Homecare
5.3.1. Market size and forecast, by region
5.3.2. Market analysis, by country
5.4. Others
5.4.1. Market size and forecast, by region
5.4.2. Market analysis, by country
CHAPTER 6: PERSONAL MOBILITY DEVICES MARKET, BY REGION
CHAPTER 7: COMPANY PROFILES
7.1. Briggs Healthcare, Inc.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Key strategic moves and developments
7.2. Carex Health Brands, Inc.
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segment
7.2.4. Product portfolio
7.3. Drive DeVilbiss Healthcare
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.4. GF Health Products, Inc.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.5. Invacare Corporation
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.6. Medline Industries Inc.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Key strategic moves and developments
7.7. Pride Mobility Products Corp.
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Key strategic moves and developments
7.8. Rollz International
7.8.1. Company Overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Key strategic moves and developments
7.9. Stryker Corporation
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.10. Sunrise Medical (US) LLC
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
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