Personal Mobility Devices Market Is Predicted To Grow Swiftly Due To Rising Incidences Of Rheumatoid Arthritis & Osteoporosis Till 2020: Grand View Research, Inc.
Global personal mobility devices market is expected
to reach USD 8.0 billion by 2020, according to a new study by Grand View
Research, Inc. Increasing geriatric population base and prevalence of target
diseases are some key factors expected to drive market growth during the
forecast period. Aging heightens the susceptibility of a person towards
developing target diseases such as osteoporosis and rheumatoid arthritis.
Therefore,
a growing geriatric population base is expected to widen the patient base for
manufacturers. Additionally, presence of supportive government initiatives
aimed at strengthening reimbursement frameworks and growing R&D investments
for new product development is expected to propel market growth over the next
six years.
Global
personal mobility devices market, by product, 2012 – 2020 (USD Million)
Browse full
research report on Personal Mobility Devices Market: https://www.grandviewresearch.com/industry-analysis/personal-mobility-devices-market
Further key
findings from the report suggest:
- Wheelchairs were the largest selling product
segment in 2013. Growing demand for powered wheelchairs especially in the
developed countries is expected to drive segment growth during the
forecast period.
- Premium rollators are identified as the most
lucrative segment of this market. Manufacturers of these rollators
capitalize on the unmet needs of patients. Features such as enhanced
height, ability to handle heavy weight patients, handle adjustment
mechanism are expected to enhance penetration rates. The introduction of
specialized devices such as rollators with laser attachment for patients
suffering from Parkinson’s is also expected to drive segment growth during
the forecast period. These devices are expected to witness a rapid rise in
demand in developed markets with patients holding high disposable income
and awareness levels.
- North America was the most matured regional
personal mobility devices market in 2013. The region was the largest
revenue generating market, accounting for over 35.0% of revenue in the
year. Presence of supportive government policies, sophisticated healthcare
infrastructure and growing geriatric population base are some factors
attributing to its large share.
- Asia Pacific is expected to grow at a lucrative
growth rate during the forecast period. This region, owing to a growing
geriatric population base, increasing disposable income and awareness
levels is expected to witness a rapid gain in demand over the next six
years.
- Some key players of the personal mobility
devices market include Drive Medical Design & Manufacturing, Electric
Mobility, Sunrise Medical, Pride mobility, Briggs Healthcare, Kaye
Products, Nova, Patterson Medical, Eurovema AB, Graham-Field Health
Products Incorporation, Invacare and TOPRO
- Developing technologically advanced personal
mobility devices via extensive R&D investments and entering into
strategic alliances with buyers are some key sustainability strategies
adopted by these market players.
Browse more
reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global personal mobility devices
market on the basis of product and region:
Global
Personal Mobility Devices Product Outlook (Revenue, USD Million, 2012 -
2020)
- Wheelchairs
- Manual
- Power
- Scooters
- Mobility
aids
- Rollators
- Low
cost
- Premium
- Other
Walking aids (canes, crutches, walkers)
Personal
Mobility Devices Regional Outlook (Revenue, USD Billion, 2012 - 2020)
- North
America
- U.S.
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Austria
- Switzerland
- Asia
Pacific
- Japan
- RoW
Access
Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-personal-mobility-devices-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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