[175+ Pages Research Report] According to the recent analysis research report; the global Personal Mobility Devices Market in 2019 was approximately USD 5,400 Million. The market is expected to grow at a CAGR of 8.25% and is anticipated to reach around USD 9,400 Million by 2026. Top market players are TOPRO, Sunrise Medical, Pride Mobility, Patterson Medical, Nova, Invacare, Kaye Products, Graham-Field Health Products Incorporation and others.
New York, NY, March 08, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Personal Mobility Devices Market by Type (Wheelchair, Scooters, Handbikes, Walkers, Stair-lifts, Power Add on products and Others), and End User (Hospitals & Clinics, Ambulatory Surgical Centers, Urgent Care Center, Home Care Setting and Other End Users)– Global Industry Perspective Comprehensive Analysis and Forecast, 2019 – 2026”.
“According to the research report, the global Personal Mobility Devices Market was estimated at USD 5,400 Million in 2019 and is expected to reach USD 9,400 Million by 2026. The global Personal Mobility Devices Market is expected to grow at a compound annual growth rate (CAGR) of 8.25% from 2019 to 2026”.
An expanding number of road accident falls, spinal rope wounds, meningitis, and working environment handicap cases is a central point driving the development of the worldwide market for individual portability devices. As indicated by the Centers for Disease Control and Prevention 2016, one out of seven grown-ups in the U.S. is experiencing portability disability. As per the 2018 report of (WHO), road accident causes around twenty to fifty million injuries every year around the world. Moreover, mobility device endorsement and device launch by key players are required to drive the market. Dawn Medical (US) LLC, for instance, propelled another QUICKIE Q700 M SEDEO ERGO, a progressed mid-wheel drive wheelchair, in September 2018. Moreover, Permobil AB propelled its My Permobil buyer application in March 2018. The new application connects to a wheelchair and permits the client to show basic data about the condition of their seat, for example, battery charging and separation travel.
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Key Questions Answered in this Report
1) What was the impact of COVID-19 on the Personal Mobility Devices Market?
2) What is the market size, share of the Personal Mobility Devices Market?
3) Who are the top market players in the Personal Mobility Devices Market?
4) What will be the future market of the Personal Mobility Devices Market?
Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
Competitive Landscape – Top key vendors and other prominent vendors
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Key Insights from Primary Research
As per our primary respondents, the global personal mobility devices market is set to grow annually at a rate of around 8%.
It was established through primary research that the global personal mobility devices market was valued at around USD 5,400 Million in 2019.
The “wheelchair” category, on the basis of type segmentation, was the leading revenue-generating category in 2019.
On the basis of end-user segmentation, the “hospitals & clinics” category was the leading revenue-generating category in 2019.
Based on the region, North America was the leading revenue-generating category in 2019.
Impact Analysis of COVID-19 Pandemic on Businesses: Know Short Term and Long Term Impact
Most of the businesses are facing a growing litany of business-critical concerns related to the coronavirus outbreak, including supply chain disruptions, a risk of a recession, and a potential drop in consumer spending. All these scenarios will play out differently across various regions and industries, making accurate and timely market research more essential than ever.
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Since various end clients experience the ill effects of various inabilities, a solitary arrangement doesn't fit all imperatives, which has commanded a move towards the custom-improvement of individual versatility gadgets. By focusing on explicit requests rising from end clients, makers have the chance to stand apart by recognizing their product portfolio
However, lack of knowledge about modern mobility devices and lesser service centers of mobility devices is expected to hamper the market growth. In addition, the rehabilitation centers presence in emerging countries is very low, which causes physically challenged people to travel to receive proper treatment.
Top Market Players:
Graham-Field Health Products Incorporation
Drive Medical Design & Manufacturing
Carex Health Brand Incorporation
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Analysis of top players based on:
Revenue and Gross Margin
The market is segmented into type, end-user, and region. The type segment market is divided into wheelchairs, walkers, stair-lifts, scooters, power add-on products, handbikes, and others. Because of innovative improvements in the field of innovation and expanded utilization of information for precise and quicker preparation of cases, the wheelchair represented the biggest portion of the worldwide market. The wheelchair is primarily driven by its increasing popularity amongst patients and demand for regulatory operations. In light of end-user, the market is fragmented into urgent care centers, hospitals & clinics, home care settings, ambulatory surgical centers, and others. The hospitals & clinics represented the biggest portion of the worldwide market in 2019 and are expected to dominate the market over the time frame.
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The personal mobility devices market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire personal mobility devices market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD 9,400 Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the personal mobility devices industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the personal mobility devices sector. Key strategic developments in the personal mobility devices market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the personal mobility devices market are appropriately highlighted in the report.
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The individual mobility gadgets market is anticipated to develop with a healthy CAGR over the figure time frame. The main consideration crediting to the development of the market is the developing number of inability cases, because of the rising aging populace, expanding a number of street accidents, spinal line wounds and meningitis are the significant factors prone to help the development of the worldwide individual portability gadgets market. According to World Population Prospects, by the United Nations, the number of individuals matured 60 or above is relied upon to become more prominent than twofold by 2050. This age group is exceptionally powerless against various kinds of infections, that require individual portability help. Besides, expanding innovative work projects to address the issues and for product improvement by the key players driving the development of the market. Moreover, the lack of awareness about individual portability gadgets, and less access to rehabilitation centers are hampering the development of the market
Geographically market is categorized as Europe, Latin America, APAC, North America, and the MEA regions. North America held a significant portion of the market in 2019 because of the technological advancements, and healthcare infrastructure in this province Moreover, proactive government activities to bring issues to light among the majority of the upsides of this innovation have upheld the advancement of the market.
Browse the full “Personal Mobility Devices Market by Type (Wheelchair, Scooters, Handbikes, Walkers, Stair-lifts, Power Add on products and Others), and End User (Hospitals & Clinics, Ambulatory Surgical Centers, Urgent Care Center, Home Care Setting and Other End Users)– Global Industry Perspective Comprehensive Analysis and Forecast, 2019 – 2026” report at https://www.fnfresearch.com/personal-mobility-devices-market-by-type-wheelchair-scooters
This report segments the personal mobility devices market as follows:
Global Personal Mobility Devices Market: Type Segment Analysis
Power Add on products
Global Personal Mobility Devices Market: End-user Segment Analysis
Hospitals & Clinics
Ambulatory Surgical Centers
Urgent Care Center
Home Care Setting
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