Tag Archives: Personal Mobility Devices Market

Personal Mobility Devices Market 2023: Analysis, Growth, Drivers, Vendors Landscape, Shares, Size, Trends, Challenges, Segmentation with Forecast

Global Personal Mobility Devices Market: Key Trends

The rising geriatric population around the world has emerged as a key driver of the global personal mobility devices market. Transparency Market Research (TMR) projects demand for these devices to steadily increase in Asia Pacific, as the population of aged people increases in India and China. Apart from the geriatric population, caregiving services are also essential for people suffering from disability. A rise in the number of people living with a disability, either temporary or permanent, will fuel demand for personal mobility devices.

Despite witnessing positive growth worldwide, the high cost of these mobility devices will limit their market’s expansion to an extent. The low acceptance of digitized devices will also negatively impact the market’s trajectory. Nevertheless, grants from international organizations and favorable policies will boost sales of personal mobility devices in the coming years.

As per TMR, the global personal mobility devices market stood at US$6.65 bn in 2014. Rising at a CAGR of 7.30% between 2015 and 2023, the market is expected to reach US$12.7 bn by the end of 2023.

This 239 page report gives readers a comprehensive overview of the Personal Mobility Devices Market. Browse through 61 data tables and 97 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/personal-mobility-devices-market.html

Higher Purchasing Power of Consumers Puts North America in Dominant Position

North America currently leads the global personal mobility devices market. By revenue, the region held over 41.4% of the overall market in 2014, followed by Europe. Spurred by the rising geriatric population, coupled with the rising number of people with disability, the sales of personal mobility devices is expected to rise considerably in this region. North America has also proven lucrative for producers of technologically advanced devices. The region thus exhibits high demand digitized mobility devices. Furthermore, the increasing willingness among consumers to spend on advanced medical devices will provide improved sales opportunities to personal mobility devices manufacturers in North America.

Asia Pacific emerged as the third-largest market for personal mobility devices in 2014. However, TMR forecasts the regional market to rise at the highest CAGR during the forecast period. The increasing awareness about advanced medical devices, and their rising affordability, will boost demand for personal mobility devices in Asia Pacific. Furthermore, the increasing geriatric population reported in India and China, will augur well for the personal mobility devices market in Asia Pacific.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Personal Mobility Devices Market during 2015 – 2023: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6715

Advent of Electric Wheelchairs Fuels Growth of Medical Mobility Aids and Ambulatory Devices Segment

The global personal mobility devices market can be bifurcated into medical mobility aids and ambulatory devices and medical furniture and bathroom safety products. Of these, the medical mobility aids and ambulatory devices segment dominated the market in 2014. The segment is expected to report the fastest CAGR of 8.5% during from 2015 to 2023. In this segment, wheelchairs emerged as the dominant sub-category in 2014. The increasing incidence of disability related to age, disease, or any physical injury fuels demand for wheelchairs considerably. Furthermore, the demand for electric wheelchairs is expected to rise in the forthcoming years as they provide better outdoor performance and are easy to drive.

Besides this, the medical furniture and bathroom safety products segment is expected to witness rising demand for medical beds in the near future. Overall, the segment is expected to report steady growth through the forecast period.

Some of the leading players operating in the global personal mobility devices market are Amigo Mobility International, Inc., Argo Medical, ArjoHuntleigh, Drive Medical, Graham-Field Health Products Incorporated, and Hill-Rom Holdings, Inc.

 

World Personal Mobility Devices Market Outlook Key Analysis and Forecast by 2023

Global Personal Mobility Devices Market: Key Trends

The rising geriatric population around the world has emerged as a key driver of the global personal mobility devices market. Transparency Market Research (TMR) projects demand for these devices to steadily increase in Asia Pacific, as the population of aged people increases in India and China. Apart from the geriatric population, caregiving services are also essential for people suffering from disability. A rise in the number of people living with a disability, either temporary or permanent, will fuel demand for personal mobility devices.

Despite witnessing positive growth worldwide, the high cost of these mobility devices will limit their market’s expansion to an extent. The low acceptance of digitized devices will also negatively impact the market’s trajectory. Nevertheless, grants from international organizations and favorable policies will boost sales of personal mobility devices in the coming years.

As per TMR, the global personal mobility devices market stood at US$6.65 bn in 2014. Rising at a CAGR of 7.30% between 2015 and 2023, the market is expected to reach US$12.7 bn by the end of 2023.

This 239 page report gives readers a comprehensive overview of the Personal Mobility Devices Market. Browse through 61 data tables and 97 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/personal-mobility-devices-market.html

Higher Purchasing Power of Consumers Puts North America in Dominant Position

North America currently leads the global personal mobility devices market. By revenue, the region held over 41.4% of the overall market in 2014, followed by Europe. Spurred by the rising geriatric population, coupled with the rising number of people with disability, the sales of personal mobility devices is expected to rise considerably in this region. North America has also proven lucrative for producers of technologically advanced devices. The region thus exhibits high demand digitized mobility devices. Furthermore, the increasing willingness among consumers to spend on advanced medical devices will provide improved sales opportunities to personal mobility devices manufacturers in North America.

Asia Pacific emerged as the third-largest market for personal mobility devices in 2014. However, TMR forecasts the regional market to rise at the highest CAGR during the forecast period. The increasing awareness about advanced medical devices, and their rising affordability, will boost demand for personal mobility devices in Asia Pacific. Furthermore, the increasing geriatric population reported in India and China, will augur well for the personal mobility devices market in Asia Pacific.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Personal Mobility Devices Market during 2015 – 2023: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6715

Advent of Electric Wheelchairs Fuels Growth of Medical Mobility Aids and Ambulatory Devices Segment

The global personal mobility devices market can be bifurcated into medical mobility aids and ambulatory devices and medical furniture and bathroom safety products. Of these, the medical mobility aids and ambulatory devices segment dominated the market in 2014. The segment is expected to report the fastest CAGR of 8.5% during from 2015 to 2023. In this segment, wheelchairs emerged as the dominant sub-category in 2014. The increasing incidence of disability related to age, disease, or any physical injury fuels demand for wheelchairs considerably. Furthermore, the demand for electric wheelchairs is expected to rise in the forthcoming years as they provide better outdoor performance and are easy to drive.

Besides this, the medical furniture and bathroom safety products segment is expected to witness rising demand for medical beds in the near future. Overall, the segment is expected to report steady growth through the forecast period.

Some of the leading players operating in the global personal mobility devices market are Amigo Mobility International, Inc., Argo Medical, ArjoHuntleigh, Drive Medical, Graham-Field Health Products Incorporated, and Hill-Rom Holdings, Inc.

 

Personal Mobility Devices Market Report Overview – Key Futuristic Trends And Competitive Landscape 2023

Global Personal Mobility Devices Market: Key Trends

The rising geriatric population around the world has emerged as a key driver of the global personal mobility devices market. Transparency Market Research (TMR) projects demand for these devices to steadily increase in Asia Pacific, as the population of aged people increases in India and China. Apart from the geriatric population, caregiving services are also essential for people suffering from disability. A rise in the number of people living with a disability, either temporary or permanent, will fuel demand for personal mobility devices.

Despite witnessing positive growth worldwide, the high cost of these mobility devices will limit their market’s expansion to an extent. The low acceptance of digitized devices will also negatively impact the market’s trajectory. Nevertheless, grants from international organizations and favorable policies will boost sales of personal mobility devices in the coming years.

As per TMR, the global personal mobility devices market stood at US$6.65 bn in 2014. Rising at a CAGR of 7.30% between 2015 and 2023, the market is expected to reach US$12.7 bn by the end of 2023.

This 239 page report gives readers a comprehensive overview of the Personal Mobility Devices Market. Browse through 61 data tables and 97 figures to unlock the hidden opportunities in this market: http://www.transparencymarketresearch.com/personal-mobility-devices-market.html

Higher Purchasing Power of Consumers Puts North America in Dominant Position

North America currently leads the global personal mobility devices market. By revenue, the region held over 41.4% of the overall market in 2014, followed by Europe. Spurred by the rising geriatric population, coupled with the rising number of people with disability, the sales of personal mobility devices is expected to rise considerably in this region. North America has also proven lucrative for producers of technologically advanced devices. The region thus exhibits high demand digitized mobility devices. Furthermore, the increasing willingness among consumers to spend on advanced medical devices will provide improved sales opportunities to personal mobility devices manufacturers in North America.

Asia Pacific emerged as the third-largest market for personal mobility devices in 2014. However, TMR forecasts the regional market to rise at the highest CAGR during the forecast period.  The increasing awareness about advanced medical devices, and their rising affordability, will boost demand for personal mobility devices in Asia Pacific. Furthermore, the increasing geriatric population reported in India and China, will augur well for the personal mobility devices market in Asia Pacific.

Request a sample of this report to know what opportunities will emerge in the rapidly evolving Personal Mobility Devices Market during 2015 – 2023: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6715

Advent of Electric Wheelchairs Fuels Growth of Medical Mobility Aids and Ambulatory Devices Segment

The global personal mobility devices market can be bifurcated into medical mobility aids and ambulatory devices and medical furniture and bathroom safety products. Of these, the medical mobility aids and ambulatory devices segment dominated the market in 2014. The segment is expected to report the fastest CAGR of 8.5% during from 2015 to 2023. In this segment, wheelchairs emerged as the dominant sub-category in 2014. The increasing incidence of disability related to age, disease, or any physical injury fuels demand for wheelchairs considerably. Furthermore, the demand for electric wheelchairs is expected to rise in the forthcoming years as they provide better outdoor performance and are easy to drive.

Besides this, the medical furniture and bathroom safety products segment is expected to witness rising demand for medical beds in the near future. Overall, the segment is expected to report steady growth through the forecast period.

Some of the leading players operating in the global personal mobility devices market are Amigo Mobility International, Inc., Argo Medical, ArjoHuntleigh, Drive Medical, Graham-Field Health Products Incorporated, and Hill-Rom Holdings, Inc.

 

Wheelchairs at Forefront of Demand for Personal Mobility Devices; Market to Register CAGR of 7.3% till 2023

Global Personal Mobility Devices Market: Overview

An increase in the number of disabled population, either with permanent or temporary disability, is expected to boost demand for personal mobility devices, finds Transparency Market Research (TMR). Any device that assists in the transportation of human beings is a personal mobility device. It runs either manually or on a battery, and is usually designed for a single person.

The report provides an in-depth analysis of key factors in the market for personal mobility devices, some of which include market size, market drivers and restraints, growth opportunities, forecasts, detailed overview, and key market trends. The value chain analysis, market attractiveness analysis, competitive landscape, and key market segments are also covered. Porter’s Five Forces analysis has been given along with a description of assumptions and research methodology. Each company has been studied in terms of financial overview, product portfolio, recent developments, and business strategies.

According to the findings of TMR, in 2014, the global personal mobility market was estimated at US$ 6.65 bn. It is projected to exhibit a promising CAGR of 7.30% during the forecast period, attaining a revenue worth US$ 12.7 bn in 2023.

Read Full Report: http://www.transparencymarketresearch.com/personal-mobility-devices-market.html

Global Personal Mobility Devices Market: Drivers and Restraints

The steady increase in the aging population across the globe has been fuelling the demand for personal mobility market worldwide. Besides this factor, the rising number of care-giving services necessary for people with disability is also giving impetus to the market. The growing number of patients suffering from rheumatoid arthritis and osteoporosis, considerable increase in disposable incomes of people, and beneficial government policies, along with technological progress in the domain of personal mobility devices are factors contributing towards market growth.

On the other hand, the market for personal mobility devices will face restraints on account of the high costs of these devices, coupled with low rate of adoption of digitized devices. However, conducive policies of governments and large scale grants from international organizations will aid in the expansion of personal mobility devices market over the coming years.

On the basis of device type, the key segments of the personal mobility devices market include medical mobility aids and ambulatory devices and medical furniture and bathroom safety products. The medical mobility and ambulatory devices segment has been further segmented into mobility scooters, crutches, canes, walkers, and wheelchairs. The medical furniture and bathroom safety products segment has been further categorized into medical beds, showers and commodes, bars and railings, stair lifts, and patient lifts.

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Global Personal Mobility Devices Market: Regional Outlook

Based on geography, the global market for personal mobility devices has been categorized into five regions: Asia Pacific, Latin America, Middle East and Africa, North America, and Europe. These regions have been further segmented into chief countries responsible for market growth. These include Brazil, the U.K., China, Italy, Mexico, the U.S., China, France, Saudi Arabia, Germany, Canada, Spain, India, and South Africa. Each geographical segment has been studied in terms of volume, market size, product segments and forecast. The personal mobility devices will witness a surge in demand as the geriatric population in Asia Pacific (in countries such as India and China in particular) increases.

Companies Mentioned in the Report

The key vendors operating in the global market for personal mobility devices discussed in the report include Permobil AB, Argo Medical, Ottobock Healthcare, GF Health Products, Inc., Invacare Corporation, Sunrise Medical LLC, Stryker Corporation, Hill-Rom Holdings, Inc., Amigo Mobility International, Inc., ArjoHuntleigh, Patterson Companies, Inc., and Pride Mobility Products Corporation.

 

Exploring the Growing Use of Personal Mobility Devices and the Reasons Behind It

Personal mobility devices such as wheelchairs, mobility scooters, and stair lifts have witnessed significant growth in revenue and volume in the past few years. A personal mobility device is either a manual or battery powered device used by an individual with mobility disabilities. A personal mobility device is designed for use by a single person. Increase in demand for personal mobility devices among the geriatric population, rise in incidence of osteoporosis and rheumatoid arthritis, supportive government initiatives for reimbursement frameworks, rise in disposable income, technological advancement, and growing disabled population across the globe are the factors likely to drive the personal mobility devices market. However, high product pricing and low acceptance level due to social stigma are anticipated to hamper the growth of the personal mobility devices market.

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The executive summary of the report comprises a market snapshot of the global personal mobility devices market and comparative analysis by geography in terms of value % for 2015 and 2024. Based on device type, the global personal mobility devices market has been segmented into medical mobility aids and ambulatory devices, and medical furniture and bathroom safety products. The medical mobility and ambulatory devices segment has been sub-segmented into wheelchairs, mobility scooters, canes, crutches, and walkers.

The medical furniture and bathroom safety products segment has been sub-segmented into patient lifts, stair lifts, medical beds, bars and railings, and commodes and showers. Market revenue analysis of all the segments mentioned above has been provided for the forecast period from 2014 to 2024, considering 2015 as the base year and 2014 as historic year. The executive summary also comprises major drivers and restraints along with key trends likely to drive the growth of the personal mobility devices market.

The market overview section of the personal mobility devices market report analyzes the market dynamics and trends such as drivers, restraints, and opportunities that influence the current and future status of the global personal mobility devices market. Impact factors such as market attractiveness analysis by geography and Porter’s Five Forces Analysis (bargaining power of suppliers, bargaining power of buyers, threat of new entrants, threat of substitutes, and competitive rivalry) of the global personal mobility devices market have been provided in this section of the report. In addition, market share analysis by key players (value %) for the year 2015 has also been included in the market overview section in order to provide a thorough analysis of the overall competitive scenario in the global personal mobility devices market. Furthermore, the report includes value chain analysis for personal mobility devices.

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Geographically, the global personal mobility devices market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each regional market has been further segmented into major countries contributing to the personal mobility devices market. The study further offers recommendations for the personal mobility devices market, which would be useful for existing and new players to sustain and grow in the market.

The personal mobility devices market report concludes with the company profiles section that includes key information in terms of company overview, financial information, product portfolio, business strategies, and recent development about the major players operating in the personal mobility devices market. Key players in the global personal mobility devices market include Amigo Mobility International, Inc., Argo Medical, ArjoHuntleigh, Drive Medical, GF Health Products, Inc., Hill-Rom Holdings, Inc., Invacare Corporation, Ottobock Healthcare, Patterson Companies, Inc., Stryker Corporation, Permobil AB, Pride Mobility Products Corporation, and Sunrise Medical LLC.