North America holds a significant market portion of the personal mobility devices market share due to the growing geriatric population and leading healthcare facilities like Universal Health Services, Inc. (NYSE: UHS). According to industry reports, it is estimated that the number of Americans aged 65 and over will rise by 47%, from 58 million in 2022 to 82 million in 2050. Additionally, the share of this age group in the overall population is expected to increase from 17% to 23%.
In the United States, there were 42,795 fatal vehicle crashes in 2022, compared to 36,835 fatal car crashes in 2018, an increase of more than 16%. The rising number of accidents causing disabilities drives the market growth. Constant product development and the presence of leading market players offering advanced mobility devices further expand the market.
In August 2022, GF Health Products, Inc. launched a tilt-in-space wheelchair named Everest & Jennings® PureTilt Tilt-in-Space Wheelchair to provide safe and independent transitions to facilitate optimal comfort for a patient. An adjustable height back with ergonomic contours is a basic feature of this PureTilt wheelchair. This manual-tilt wheelchair, which is essential for comfort and pressure alleviation, features a tilt control that the user may modify, allowing them to adapt their posture as needed during the day.
The wheelchair comes with several features, such as user-operated seat-tilt adjustment, padded, hinged, non-detachable arms, angle-adjustable legrest assembly, and others. The tilt-in-space option offers greater control over how patients’ bodies are positioned to give them any necessary pressure relief; self-adjust placement helps reduce discomfort when seated for extended periods of time; and self-tilt encourages freedom for users with daily or leisure activities.
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Market Analysis by Product, End User, Distribution Channel, and Region:
- The market, on the basis of product, can be divided into wheelchairs, scooters, canes, crutches, walkers, and medical furniture and bathroom safety products, among others.
- Based on end user, the market can be divided into hospitals and clinics, long term care centers, households, home care settings, ambulatory surgical centers, and urgent care center, among others.
- The various distribution channels for personal mobility device include wholesalers/distributors, online retailers, multi-brand stores, and speciality stores, among others.
- The regional markets for personal mobility device include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of the Report:
- According to the United Nations, the global burden of disease is predicted to reach 56% by 2030, with 70% of all fatalities worldwide attributed to chronic diseases. The growing geriatric population and increasing prevalence of chronic diseases aid the personal mobility devices market expansion.
- By 2050, there will be 1.6 billion senior citizens worldwide, accounting for more than 16% of the total population. The rising geriatric population is a major driver of the market.
Table: Country wise Representation of Geriatric Population (in %), 2022
- The global market for smart mobility devices is experiencing significant growth due to the growing emphasis on integrating technologies like artificial intelligence (AI), GPS, and the Internet of Things (IoT) to improve functionality and user experience.
- The rise in research and development activities for product development expands the market growth.
Key Offerings of the Report:
- The EMR report gives an overview of the global personal mobility device market for the periods (2019-2025) and (2026-2035).
- The report also offers the historical (2019-2025) and forecast (2026-2035) markets for the products, end users, distribution channels, and regions of personal mobility devices.
- The report analyses the market dynamics, covering the key demand and price indicators in the personal mobility devices market, along with an assessment of the SWOT and Porter’s Five Forces models.
Top Players
- Patricia Industries (Permobil)
- Medical Depot, Inc. (DeVilbiss Healthcare)
- GF Health Products, Inc.
- Otto Bock HealthCare GmbH
- Invacare Corporation
- Stryker Corporation
- Sunrise Medical (US) LLC
- Pride Mobility Products Corporation
- Medline Industries Inc.
- Kaye Products Inc.
The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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