Please Wait.....
Report
Global Personal Mobility Devices - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029
Market Report I 2024-02-17 I 110 Pages I Mordor Intelligence
The Global Personal Mobility Devices Market size is estimated at USD 13.95 billion in 2024, and is expected to reach USD 18.85 billion by 2029, growing at a CAGR of 6.19% during the forecast period (2024-2029).
Many people with chronic conditions or people with physical disabilities are not able to follow the guidelines and procedures to reduce the spread of COVID-19. For example, complete isolation may not be possible for a person with a disability because you need help from home helpers or caregivers. If the outbreak becomes more severe in the area, those services may be disrupted as the attendants become ill themselves. Some may not have access to affordable travel and may have to rely on mobility devices to continue receiving medications or making purchases.
The pandemic has a significant effect on the market as the epidemic has disrupted and can continue to disrupt the performance of the major manufacturers and can have a significant effect on the business and financials of the market, including the ability of end-users to gain access to products.
The major factors contributing to the growth of the market are the increasing number of disability cases due to the growing elderly population, an increasing number of road accidents, spinal cord injuries, and meningitis.
According to the revised World Population Prospects by the United Nations 2020, 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. According to Disabled World, currently, about 10% of the world's population, or nearly 650 million people, are living with a disability. In most 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.
As per the Bureau of Transportation Statistics 2020, the US Department of Transportation, an estimated 25.5 million Americans had disabilities, which made traveling outside the home difficult for them. The geriatric population is more prone to mobility diseases, which is anticipated to lead to market growth.
Continuous evolution and advancement in personal mobility devices have taken place for centuries. Wheelchairs have more robust wheel design and movement capabilities, and the following models continuously shift toward weight reduction and increased maneuverability and performance. There are many companies that offer advanced technological wheelchairs. For example, Invacare Corporation offers power wheelchairs (Storm Series, TDX Series, etc.) starting from USD 5,970.
Growing R&D programs by key players to solve issues and develop products are expected to propel the growth of the market. In November 2019, Arjo acquired substantial equity in Atlas Lift Tech, which is involved in the deployment and management of comprehensive mobility programs through its innovative Lift Coach Model and Mobility Tracking Software Platform.
Personal Mobility Devices Market Trends
Wheelchairs Emerged as the Largest Segment in the Personal Mobility Devices Market
The COVID-19 pandemic has contributed to a global shipping and logistics crisis, including shortages in the availability of, and increasing costs for, container shipping, and has disrupted, and may continue to disrupt, the ability to obtain critical products, components, and raw materials, which could have an adverse effect on the financial condition of manufacturers and shortage of supply to the end users.
A wheelchair is a popular aid device used for personal mobility. There is a growing trend in wheelchair-mounting devices, such as the introduction of electric wheelchairs and wheelchairs that can maintain a medical history of the disability to make emergency calls during disasters and monitor human health, are some of the factors driving the market.
According to the Bureau Of Transportation Statistics 2020, the US Department of Transportation, an estimated 25.5 million Americans had disabilities that made traveling outside the home difficult. The rising elderly population who are more prone to mobility diseases is also a major factor for market growth. The growing popularity of wheelchairs with advanced features due to the growing number of patients is driving the market. The increasing number of product launches by players is also expected to boost the market growth.
North America Dominates the Market and Expected to do the Same in the Forecast Period
North America is expected to dominate the overall personal mobility devices market throughout 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 on a rise in North America.
The United States and Canada contribute 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 2020, US Department of Transportation, an estimated 25.5 million Americans had disabilities that made traveling outside the home difficult. As the geriatric population is more prone to mobility diseases, the demand for personal mobility devices is expected to increase over the forecast period.
In Ontario, Canada, the Department of Health and Long-Term Care provides support and funding to Ontario residents with a long-term disabilities under the Assistive Devices Program (ADP). The program offers to cover the cost of items, such as wheelchairs and rollators and walkers, scooters, and specialized seating.
Manufacturers in North America have access to new technologies, enabling the development of advanced technology devices in the short term, a major factor in market growth.
Personal Mobility Devices Industry Overview
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.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Demand for Personal Mobility Devices in Elderly Population
4.2.2 Technological Advancements in the Devices
4.3 Market Restraints
4.3.1 High Cost of the Devices
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product
5.1.1 Wheelchair
5.1.2 Walking Aids
5.1.3 Scooters
5.1.4 Other Products
5.2 By End User
5.2.1 Hospitals and Clinics
5.2.2 Home Care Settings
5.2.3 Other End Users
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Drive DeVilbiss Healthcare
6.1.2 GF Health Products Inc.
6.1.3 Invacare Corporation
6.1.4 Ottobock
6.1.5 Patricia Industries (Permobil)
6.1.6 Stryker Corporation
6.1.7 Pride Mobility Products Corp.
6.1.8 Sunrise Medical (US) LLC
6.1.9 Medline Industries Inc.
6.1.10 Arjo
6.1.11 Kaye Products Inc.
6.1.12 Rollz International
6.1.13 Performance Health
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security