Personal mobility devices assists
the patients who have lost their mobility owing to severe leg trauma, paralysis
or any other medical ailment impairing leg movement. Some of the personal
mobility devices are wheelchairs, scooters, power driven vehicles and walking
aides. Several variants of these devices are available in the market. For
example, wheelchairs can be manual which are operated manually or motorized
which are operated by a motor, while the walking aids include canes, crutches,
rollators and walkers.
To
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Increase in patient population
induced by enhanced life expectancy is majorly responsible for the growth of
the market. In addition, rising number of diseases causing motion impairment
also contributes to the market growth. Increasing trend of patient community
for active and independent living also helps to boost the personal mobility
devices market. Furthermore, incessant evolution has led to improved
portability and user friendliness in these devices which has enhanced their
global adoption ratio.
The personal mobility devices have
high purchase and maintenance cost which act as a major restraint to the
market. This justifies their low penetration level in many developing and under
developed nations which have low disposable income. Moreover, patients,
especially old age people, are reluctant to use these devices and therefore
require a lot of time to accept them, which results into poor adoption rate and
hence restricts growth of the market.
Focus on improving ergonomics of
these devices pose as a potential opportunity to the personal mobility devices
market in the near future. For example, manual wheelchairs are being
progressively replaced by motorized wheel chairs which eliminate patients’
efforts to ride the chair on their own.
Some of the companies involved in
the manufacturing of personal mobility devices are Drive Medical, Invacare,
Medline, Pridemobility, Pihsiang (Shoprider) Karman and Kymco.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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