According to a new market report published by Transparency Market Research 

Personal
Mobility Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2015 - 2023” the global personal mobility devices market was valued at US$6.7 bn in 2014 and
is expected to grow at a high CAGR of 7.3% from 2015 to 2023, to reach an estimated value of
US$12.7 bn in 2023.

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Browse the full Personal Mobility Devices Market (Devices - Wheelchairs (Manual

Wheelchairs, Electric Wheelchairs), Mobility Scooters (Boot Scooter, Midsize Scooter, Road
Scooter), Canes (Folding Canes, Quad Canes, Offset Canes), Crutches (Axillary Crutches, Elbow
Crutches, Forearm Crutches), Walkers (Standard Walkers, Knee Walkers, Rollators); Products -
Patient Lifts (Manual Lifts, Power Lifts, Stand Up Lifts, Heavy Duty Lifts, Overhead Track Lifts),
Stair Lifts (Indoor Stair Lifts, Outdoor Stair Lifts), Medical Beds (Electric Beds, Manual Beds -
Stretchers, Low Beds, Water Beds), Bars and Railings, and Commodes and Showers) - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 report
at https://www.transparencymarketresearch.com/personal-mobility-devices-market.html

The report on global personal mobility devices market includes two major segments: medical
mobility aids & ambulatory devices, and medical furniture & bathroom safety products. The
medical mobility aids & ambulatory devices segment comprises six sub-segments: wheelchairs,
scooters, canes & crutches, walkers, stair lifts, and others. The medical furniture & bathroom
safety products segment comprises is classified into patient lifts, medical beds, bars & railings,
commodes & shower chairs, and others. The market for these segments and sub-segments has
been extensively analyzed based on their utility, effectiveness, sales, and geographic presence.

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Rising preference for an independent lifestyle and attitudinal change of the elderly and disabled
to explore the world coupled with increased longevity has fuelled the demand for mobility
devices globally. Additionally, increased government support and reimbursement facilities are
likely to further fuel the growth of this market in the future. These factors could propel the
market to progress at a high CAGR of 7.3% during the forecast period from 2015 to 2023. The
report offers a detailed description behind this high growth and outlines a possible growth
trajectory at global as well as regional level in terms of volume and value of the market share
for each mobility device segment. The report is thus, compiled with the prime intent of
updating the stakeholders with the incumbent market dynamics through a graphical illustration
and in-depth analysis of major sub-segments for each region considered in the study scope. 

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Wheelchairs were the largest sub-segment of the medical mobility aids and ambulatory devices
segment, accounting for a share of 52.7% in 2014. The global wheelchairs market is also
expected to witness the highest growth rate during the forecast period. Key factors attributed
to the high growth of the sub-segment are increasing forms of disability associated with aging,
physical injury or other diseases/disorders and rising demand for technologically advanced
powered wheelchairs worldwide.

Moreover, the recent industry estimates suggest that there are more than 160,000 people in
the U.S. only who are using electric wheelchairs and scooters. With the rise in number of
physically disabled people and the staggering cost of caregiver services, the demand for
mobility devices will increase exponentially all over the world as in the U.S. in the future.
Innovative products such as Medalist and Trident HD from Drive Medical and Jazzy Power Chair
from Pride Mobility Products Corp and other innovative products such as mobility scooters and
transfer lifts in automated versions will further fuel growth in this market. Medical beds were
the largest sub-segment of the global medical furniture and bathroom safety products segment,
accounting for a share of 53.0% in 2014.

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Major players operating in the global market include Amigo Mobility International, Inc., Argo
Medical, ArjoHuntleigh, Drive Medical, Graham-Field Health Products Incorporated, Hill-Rom
Holdings, Inc., Invacare Corporation, Otto Bock Healthcare GmbH, Patterson Medical Holdings,
Inc., Permobil AB, Pride Mobility Products Corporation, Stryker Corporation, and Sunrise
Medical LLC. Most of these players are continuously innovating designs and portability features
to cater to the multi-dimensional needs of the geriatric and disabled individuals globally.

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