Personal Mobility Devices Market: Wheelchairs Prominent among Medical Mobility Aids & Ambulatory Devices

• According to the latest report published by Transparency Market Research on the global personal mobility devices market for the historical period of 2013 - 2017 and forecast period of 2019 to 2027, increase in the geriatric population and large population suffering from physical disabilities are projected to boost the growth of the global personal mobility devices market during the forecast period
• The global personal mobility devices market is estimated to generate ~ US$ 11 Bn revenue in 2019, and is expected to expand at a CAGR of ~ 7% during the forecast period.

• Personal mobility devices for the purpose of this study include equipment and devices that provide mobility, support, and safety to users in outdoor as well as indoor environments. These solutions help in improving the quality of life of the physically disabled and geriatric populations.
• Aging is associated with declining support for long-term caregiving from families and highly expensive formal long-term caregiving services. Hence, these structural changes in the society are likely to result in the rise in the demand for equipment such as mobility devices, medical furniture, and bathroom support systems.

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• A study published in the American Journal of Medicine revealed that, the population of the U.S. is aging rapidly. Increase in life expectancy will result in doubling of the population aged 65 years or above, to reach 81 million by 2040 as against 40 million in 2010. The number of deaths caused by coronary heart diseases among people aged between 65 and 84 in the U.S. was 286,000 in 2010, and is likely to reach 485,000 by 2040.

• The medical mobility aid & ambulatory devices segment dominated the global personal mobility devices market in 2018, and is expected to account for the largest market share during the forecast period, owing to large volume utilization of wheelchairs, canes, and crutches.
• The wheelchairs sub-segment dominated the medical mobility aids & ambulatory devices segment in the personal mobility devices market in 2018. The sub-segment is projected to gain market share in the personal mobility devices market by the end of 2027. The wheelchairs sub-segment is expected to grow at a faster pace than the mobility scooters sub-segment in the personal mobility devices market during the forecast period.

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• North America accounted for a major share of the global personal mobility devices market in 2018, followed by Europe. Early adoption of technologically-advanced personal mobility devices, favorable healthcare reimbursement policies in the U.S. and Canada, and rapidly increasing geriatric population with physical disabilities are factors likely to drive the personal mobility devices market in North America.
• Europe was also an attractive market for personal mobility devices in 2018. The personal mobility devices market in Asia Pacific is estimated to grow at a faster pace than other regions during the forecast period, due to an increase in the focus on the development of healthcare infrastructure by public as well as private hospitals, along with a rise in the demand for affordable care among a significant patient population.

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• Detailed profiles of the manufacturers of personal mobility devices have been provided in the report to evaluate their key product offerings, financials, business strategies, and recent developments.
• Key players operating in the global personal mobility devices market include
  • Drive DeVilbiss Healthcare
  • GF Health Products, Inc.
  • Invacare Corporation
  • Hill-Rom Holdings, Inc.
  • Ottobock
  • Stryker Corporation
  • Permobil (Patricia Industries)
  • Pride Mobility Products Corp
  • Sunrise Medical (US) LLC
  • Patterson Companies, Inc.
  • ArjoHuntleigh

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Major manufacturers in the global personal mobility devices market are adopting acquisition & collaboration and new product development strategies to strengthen product portfolios and geographic presence in the international personal mobility devices market. Key developments in the global personal mobility devices market are:

• In June 2016, GF Health Products partnered with Mercy Ships GF Health Products, Inc. to donate medical equipment to needy people in Africa.
• In September 2015, Hill-Rom Holdings, Inc. acquired Welch Allyn to strengthen its product portfolio in the personal mobility devices market.
• In March 2015, Permobil AB acquired the ROHO Group, Inc. It led to development in healthcare as well as advanced rehabilitation solutions.

In the global personal mobility devices market report, we have discussed individual strategies, followed by company profiles of the manufacturers of personal mobility devices. The ‘competitive landscape’ section is included in the global personal mobility devices market report to provide readers with a dashboard view and a company market share analysis of the key players operating in the global personal mobility devices market.

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