Personal Mobility Devices Market: Facilitating Access to Quality Mobility Aids and Devices
PUNE, India, March 3, 2020 /PRNewswire/ -- The recent report published by WHO says that about 15% of the world's population lives with some form of disability. According to WHO, more than 1 billion people in the world experience disability. Infinium global research has recently published a global report on "Personal Mobility Devices Market (Product Type - Wheelchair, Scooters, Canes, Crutches, Walkers, Stair-lifts, and Other Product Types; End User - Hospital & Clinics, Ambulatory Surgical Centers, Urgent Care Center, Home Care Setting, and Other End User): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025" published by Infinium Global Research", the reported study estimated the market for personal mobility devices will reach up to 13.4 billion, with a Compound annual growth rate of 7.4%, in the forecast period (2019-2025).
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Easy Movement with Disabilities
Personal mobility devices are one of the most common types of assistive technologies that are used to increase, maintain, or improve the functional capabilities of individuals with disabilities. It enables peoples with disabilities to achieve personal movement, and access to these devices is a precondition for achieving equal opportunities, enjoying human rights and living in dignity. The Convention on the Rights of Persons with Disabilities and its Optional Protocol was adopted on 13 December 2006 at the United Nations Headquarters for peoples with all types of disabilities must enjoy all rights and fundamental freedoms of human.
New Product Development, Acquisition & Collaboration Strategies
The key manufacturers in the personal mobility devices market are adopting strategies such as new product development, acquisition & collaboration to strengthen their product portfolios and geographic presence in the international personal mobility devices market. Recently, in December 2017, GF Health Products Inc. has acquired medical and laboratory furniture company Intensa Inc. which manufactures luxurious clinical recliners, laboratory chairs. Furthermore, Drive DeVilbiss has launched the Knight Electro Fold scooter. The Knight Electro Fold scooter has advanced Electro Fold operation in only 12 seconds, a digital LCD control panel displaying time and temperature. It also has pioneering Laser Drive Technology that provides a steering guide when driving. The players in developed countries target the cost-sensitive regions of Asia Pacific that makes it a lucrative region for gaining high returns on investments.
Rising Aging Population and The Rapid Spread of Chronic Diseases are Set to Drive the Global Personal Mobility Devices Market
The rising aging population across the world and the rapid spread of chronic diseases are primary driving factors for the personal mobility devices market. According to the United Nations, more than 46 % of older peoples age 60 years and over have disabilities as well as more than 250 million older people experience moderate to severe disability. The global trends in aging populations and the higher possibility of disability in the aging population are expected to lead to further increases in the population affected by disability. Further, Chronic disease is a disease that persists over a long period of time and can hinder independence and the health of people with disabilities. Furthermore, growing demand for technologically advanced, compact and portability supports such as crutches, and canes, are further boosting the growth of the personal mobility device market. On the other side, the high purchasing and maintenance cost of such devices may hinder the market growth of personal mobility devices over the forecast period.
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Global Personal Mobility Devices Industry Coverage
Chapter - 1 Preface
- Report Description
- Research Methods
- Research Approaches
Chapter - 2 Executive Summary
- Personal Mobility Devices Market Highlights
- Personal Mobility Devices Market Projection
- Personal Mobility Devices Market Regional Highlights
Chapter - 3 Global Personal Mobility Devices Market Overview
- Introduction
- Market Dynamics
- Porter's Five Forces Analysis
- IGR-Growth Matrix Analysis
- Value Chain Analysis of Personal Mobility Devices Market
Chapter - 4 Personal Mobility Devices Market Macro Indicator Analysis
Chapter - 5 Global Personal Mobility Devices Market by Product Type
- Wheelchair
- Scooters
- Canes
- Crutches
- Walkers
- Stair-lifts
- Other Product Types
Chapter - 6 Global Personal Mobility Devices Market by End User
- Hospital & Clinics
- Ambulatory Surgical Centers
- Urgent Care Center
- Home Care Setting
- Other End Users
Chapter - 7 Global Personal Mobility Devices Market by Region 2019-2025
- North America
- Europe
- Asia-Pacific
- RoW
Chapter - 8 Company Profiles and Competitive Landscape
- Companies Profiles
- Drive DeVilbiss Healthcare
- GF Health Products, Inc.
- Invacare Corporation
- Hill-Rom Holdings, Inc.
- Ottobock
- Stryker Corporation
- Permobil
Browse in-depth TOC on "Personal Mobility Devices Market"
About Us
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide the knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations and environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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Infinium Global Research
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SOURCE Infinium Global Research
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