Growth Factors of Mobility devices Market
The mobility devices market size was valued at USD 8.76 billion in 2018, and the market is now projected tgrow tUSD 22.70 billion by 2026, exhibiting a CAGR of 7.1% during the forecast period of 2019-2026.
Although COVID restrained the mobility devices market’s growth in tests ways the pandemic alshad many positive effects on this market as well. Like most mobility products such as wheelchairs, scooters and walkers, the market faced a dip in demand resulting from outbreak impacts such as elective surgery delays, hospital visits reduction, and disruptions in supply chains; however, it gradually rallied when the health-focused mobility need at homes emerged. The COVID- 19 health crisis brought intfocus the need for the elderly and the disabled tuse mobility aids, thus demand for technologically superior and lightweight supporting equipment increased due tcomfort factors and concerns for health and hygiene. Also, the change of focus in consumer buying channels on e-commerce market and telemedicine contributed tpassengers’ mobility devices in the P post-pandemic phase. This kept the mobility devices market growth steady.
The analysis of the need for technologically developed mobility aid devices of increasing numbers of chronic diseases like arthritis, cerebral palsy, muscular dystrophy encircling all the age groups will fuel the global mobility aid devices market in the period of the forecasted year. More details were obtained from research conducted by Deerfield Institute that indicate that there were 362 incident cases of DMD in 2019 and 65.4% of DMD patients were below the age of 20 years. These factors drive the mobility devices market share.
A trend evident in the mobility devices industry is manufacturers incorporating smart technologies intmobility devices including power wheel chairs and scooters. Such devices are gradually becoming fitted with other features like navigation system, blue tooth capability and health monitoring right time as it displays an improvement tthe user experience and autonomy. Additional features in some of the more recent models comprise an automatic braking system, an obstacle detection system as well as remote control. As the global population gets older, and individuals have unique mobility requirements, the need for such smart and technology advanced solutions for mobility is alsrising significantly.
Comprehensive Analysis of Mobility devices Market
The mobility devices market is responding quite an unprecedented rate of growth because of its market segmentation. This indicators growth in different regions by substituting the major forces of supply and demand which define the shape of local pharmacy benefit management market. Therefore, they are logically divided int2 Segments, By product analysis and By End-user analysis. According tproduct, the market categories include wheel chairs, mobility scooters, walking aids, and the rest. Between them, the wheelchair’s market share occupied the largest proportion of the market in the year 2018. Accidentally induced, or innately developed mobility deformities and the achievement of mobility independence, whether indoors or outdoors are expected tcreate increased demand for wheelchairs in the forecast period. As per the end user, the market has been segmented intthe personal user market and institutional user market. Of them the personal user segment has a high business percentage in the mobile devices market. This is mainly because of increase in arthritis and kids with development disabilities.
The market size in North America had a considerable presence in the global market. The factors expected tpositively influence the growth of mobility aid devices in North America include a growing number of patients whare diagnosed with mobility impairment disorders and alsa growing geriatric population. Besides that, the existence of key players involved in the mobility devices in the U.S. is expected taugment the growth of mobility assistive devices market.
Invacare Corporation (U.S.), Ottobock (Germany), Sunrise Medical Limited (U.K.), Pride Mobility Products Corp. (U.S.), Permobil (Sweden), 21st Century Scientific, Inc. (U.S.), MEYRA GmbH (Germany), and GF HEALTH PRODUCTS, INC. (U.S.) are significant players in the Semiconductor & Electronics market. They are the key player that ensures the industry's success while still having tkeep pace with their innovation in product and services. They offer a competitive zone that incites the growth of technologies and quality assurance. They operate on a global scale and have a wide range of product lines ensuring that the market players compete on a fair playing field bringing in innovations that result in the market's evolution.
In November 2019, Permobil started a state of the art mechanically powered wheelchair support system. Through the Bluetooth connection, this enhanced smartwatch app allows users teasily just tap on the wheel tcontrol SmartDrive MX2+ motor in Simple Control mode.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Historical Period 2015-2017
Unit Value (USD Million)
Segmentation By Product
Wheelchairs
By Type
Manual
Powered
By Application
Standard Wheelchair
Bariatric Wheelchair
Sports Wheelchair
Others
Mobility Scooters
By Wheels
3 wheels
4 wheels
Others
Walking Aids
Others
By End-user
Personal User
Institutional User
By Region
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Number of people with Mobility Impairment using Mobility Devices- by Key Country/Region
- 4.2. Key Industry Developments (Mergers, Acquisitions, Partnerships, New Product Launches, etc.
- 4.3. The Regulatory Scenario for key Countries/Region
- 4.4. Technological Advancements in Mobility Devices
- 5. Global Mobility Devices Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Wheelchairs
- 5.2.1.1. By Type
- 5.2.1.1.1. Manual
- 5.2.1.1.2. Powered
- 5.2.1.2. By Application
- 5.2.1.2.1. Standard Wheelchairs
- 5.2.1.2.2. Bariatric Wheelchairs
- 5.2.1.2.3. Sports Wheelchairs
- 5.2.1.2.4. Others
- 5.2.2. Mobility Scooters
- 5.2.2.1. By Wheel
- 5.2.2.1.1. 3 Wheels
- 5.2.2.1.2. 4 wheels
- 5.2.2.1.3. Others
- 5.2.3. Walking Aids
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By End User
- 5.3.1. Personal User
- 5.3.2. Institutional User
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Mobility Devices Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Product
- 6.2.1. Wheelchairs
- 6.2.1.1. By Type
- 6.2.1.1.1. Manual
- 6.2.1.1.2. Powered
- 6.2.1.2. By Application
- 6.2.1.2.1. Standard Wheelchairs
- 6.2.1.2.2. Bariatric Wheelchairs
- 6.2.1.2.3. Sports Wheelchairs
- 6.2.1.2.4. Others
- 6.2.2. Mobility Scooters
- 6.2.2.1. By Wheel
- 6.2.2.1.1. 3 Wheels
- 6.2.2.1.2. 4 wheels
- 6.2.2.1.3. Others
- 6.2.3. Walking Aids
- 6.2.4. Others
- 6.3. Market Analysis – By End User
- 6.3.1. Personal User
- 6.3.2. Institutional User
- 6.4. Market Analysis – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Mobility Devices Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Product
- 7.2.1. Wheelchairs
- 7.2.1.1. By Type
- 7.2.1.1.1. Manual
- 7.2.1.1.2. Powered
- 7.2.1.2. By Application
- 7.2.1.2.1. Standard Wheelchairs
- 7.2.1.2.2. Bariatric Wheelchairs
- 7.2.1.2.3. Sports Wheelchairs
- 7.2.1.2.4. Others
- 7.2.2. Mobility Scooters
- 7.2.2.1. By Wheel
- 7.2.2.1.1. 3 Wheels
- 7.2.2.1.2. 4 wheels
- 7.2.2.1.3. Others
- 7.2.3. Walking Aids
- 7.2.4. Others
- 7.3. Market Analysis – By End User
- 7.3.1. Personal User
- 7.3.2. Institutional User
- 7.4. Market Analysis – By Country/Sub-region
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Spain
- 7.4.5. Italy
- 7.4.6. Scandinavia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Mobility Devices Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Product
- 8.2.1. Wheelchairs
- 8.2.1.1. By Type
- 8.2.1.1.1. Manual
- 8.2.1.1.2. Powered
- 8.2.1.2. By Application
- 8.2.1.2.1. Standard Wheelchairs
- 8.2.1.2.2. Bariatric Wheelchairs
- 8.2.1.2.3. Sports Wheelchairs
- 8.2.1.2.4. Others
- 8.2.2. Mobility Scooters
- 8.2.2.1. By Wheel
- 8.2.2.1.1. 3 Wheels
- 8.2.2.1.2. 4 wheels
- 8.2.2.1.3. Others
- 8.2.3. Walking Aids
- 8.2.4. Others
- 8.3. Market Analysis – By End User
- 8.3.1. Personal User
- 8.3.2. Institutional User
- 8.4. Market Analysis – By Country/Sub-region
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Southeast Asia
- 8.4.6. Rest of Asia Pacific
- 9. Latin America Mobility Devices Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Product
- 9.2.1. Wheelchairs
- 9.2.1.1. By Type
- 9.2.1.1.1. Manual
- 9.2.1.1.2. Powered
- 9.2.1.2. By Application
- 9.2.1.2.1. Standard Wheelchairs
- 9.2.1.2.2. Bariatric Wheelchairs
- 9.2.1.2.3. Sports Wheelchairs
- 9.2.1.2.4. Others
- 9.2.2. Mobility Scooters
- 9.2.2.1. By Wheel
- 9.2.2.1.1. 3 Wheels
- 9.2.2.1.2. 4 wheels
- 9.2.2.1.3. Others
- 9.2.3. Walking Aids
- 9.2.4. Others
- 9.3. Market Analysis – By End User
- 9.3.1. Personal User
- 9.3.2. Institutional User
- 9.4. Market Analysis – By Country/Sub-region
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Mobility Devices Market Analysis, Insights and Forecast, 2014-2025
- 10.1. Key Findings / Summary
- 10.2. Market Analysis – By Product
- 10.2.1. Wheelchairs
- 10.2.1.1. By Type
- 10.2.1.1.1. Manual
- 10.2.1.1.2. Powered
- 10.2.1.2. By Application
- 10.2.1.2.1. Standard Wheelchairs
- 10.2.1.2.2. Bariatric Wheelchairs
- 10.2.1.2.3. Sports Wheelchairs
- 10.2.1.2.4. Others
- 10.2.2. Mobility Scooters
- 10.2.2.1. By Wheel
- 10.2.2.1.1. 3 Wheels
- 10.2.2.1.2. 4 wheels
- 10.2.2.1.3. Others
- 10.2.3. Walking Aids
- 10.2.4. Others
- 10.3. Market Analysis – By End User
- 10.3.1. Personal User
- 10.3.2. Institutional User
- 10.4. Market Analysis – By Country/Sub-region
- 10.4.1. GCC Countries
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2018)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.5.1. MEYRA GmbH
- 11.5.1.1. Overview,
- 11.5.1.2. Products & services,
- 11.5.1.3. SWOT analysis,
- 11.5.1.4. Recent developments,
- 11.5.1.5. strategies,
- 11.5.1.6. financials (based on availability)
- 11.5.2. Permobil
- 11.5.2.1. Overview,
- 11.5.2.2. Products & services,
- 11.5.2.3. SWOT analysis,
- 11.5.2.4. Recent developments,
- 11.5.2.5. strategies,
- 11.5.2.6. financials (based on availability)
- 11.5.3. Sunrise Medical Limited
- 11.5.3.1. Overview,
- 11.5.3.2. Products & services,
- 11.5.3.3. SWOT analysis,
- 11.5.3.4. Recent developments,
- 11.5.3.5. strategies,
- 11.5.3.6. financials (based on availability)
- 11.5.4. Invacare Corporation
- 11.5.4.1. Overview,
- 11.5.4.2. Products & services,
- 11.5.4.3. SWOT analysis,
- 11.5.4.4. Recent developments,
- 11.5.4.5. strategies,
- 11.5.4.6. financials (based on availability)
- 11.5.5. GF HEALTH PRODUCTS, INC.
- 11.5.5.1. Overview,
- 11.5.5.2. Products & services,
- 11.5.5.3. SWOT analysis,
- 11.5.5.4. Recent developments,
- 11.5.5.5. strategies,
- 11.5.5.6. financials (based on availability)
- 11.5.6. 21st Century Scientific, Inc.
- 11.5.6.1. Overview,
- 11.5.6.2. Products & services,
- 11.5.6.3. SWOT analysis,
- 11.5.6.4. Recent developments,
- 11.5.6.5. strategies,
- 11.5.6.6. financials (based on availability)
- 11.5.7. Pride Mobility Products Corp.
- 11.5.7.1. Overview,
- 11.5.7.2. Products & services,
- 11.5.7.3. SWOT analysis,
- 11.5.7.4. Recent developments,
- 11.5.7.5. strategies,
- 11.5.7.6. financials (based on availability)
- 11.5.8. Ottobock
- 11.5.8.1. Overview,
- 11.5.8.2. Products & services,
- 11.5.8.3. SWOT analysis,
- 11.5.8.4. Recent developments,
- 11.5.8.5. strategies,
- 11.5.8.6. financials (based on availability)
- 11.5.9. Others
- 11.5.9.1. Overview,
- 11.5.9.2. Products & services,
- 11.5.9.3. SWOT analysis,
- 11.5.9.4. Recent developments,
- 11.5.9.5. strategies,
- 11.5.9.6. financials (based on availability)
- 12. Strategic Recommendations "
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