Mobility Devices Market to Exhibit 6.9% CAGR Till 2026; Expanding Patient Pool of Aged People Worldwide to Aid Market Growth

The global mobility devices market size is slated to reach USD 14.86 billion by 2026 as prevalence of mobility impairment disorders rises across the globe. This information is provided in the new Fortune Business Insights™ report, titled “Mobility Devices Market Size, Share & Industry Analysis, By Product (Wheelchairs, Mobility Scooters, Walking Aids, and Others); By End-user (Personal Users and Institutional Users); and Regional Forecast, 2019-2026”. According to the report, the value of the market was at USD 8.75 billion in 2018 and the market will display a CAGR of 6.9% from 2019 to 2026.

Permobil Brings New Level of Independence for Patients with Its New Mobility Device

The primary concern for persons with disability is the thought of being dependent on others for their routine tasks. To address this, in November 2019, New Zealand’s mobility aid devices specialist, Permobil, launched SmartDrive PushTracker E2, its advanced wheelchair power-assist system. The aim is to make controlling manual wheelchair easier and more convenient for patient. With that in mind, the company has powered the system with a gesture- and Bluetooth-enabled smartwatch app, using which patients can move the device by simply tapping the wheel. Innovations such these are direly needed in today’s world where the incidence of mobility disorders is on the rise. For instance, Disabled World estimates that approximately 35.2 million Americans are suffering from some form of mobility impairment. Thus, development of advanced and affordable machines will be one of the leading mobility aid devices market trends in the coming years.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/mobility-devices-market-100520

Growing Prevalence of Crippling Mobility Conditions to Boost the Market

There has been a noticeable rise in the incidence of chronic mobility conditions such as arthritis, muscular dystrophy, and cerebral palsy across age groups. For example, a study carried out by the US-based healthcare research company, Deerfield Institute, found that in 2019 there were 362 new reported cases of Duchenne Muscular Dystrophy (DMD). Of these, 65.4% of patients were under the age of 20. While the exact reasons are still being researched, this rising trend has ramped up the mobility assistive devices market demand. Furthermore, the incidence of spinal cord injuries is also surging at an unprecedented rate. The National Spinal Cord Injury Statistical Center of the US reports that annually close to 291,000 Americans are crippled from spinal cord injuries. Thus, the need for efficient mobility assistance devices is direr than ever, as the prevalence of these disorders is likely to get more widespread as the aged people grow in number.

Exciting Product Developments to Spur Intense Competition

The mobility device market forecast indicates that the market competition is set to get spruced up as players are turning their attention on developing interesting products. This move is aimed at deepening market presence by building a strong and diverse product portfolio.

Industry Developments:

• October 2019: byACRE commercially launched its novel carbon and ultralight rollator in the US and Canada.


• January 2019: Sunrise Medical Limited introduced its new wheelchair, QUICKIE Q700 M SEDEO PRO, with an easily adjustable mid-wheel power. The wheelchair can also be customized according to individual patient needs.

Key Players Covered in the Mobility Devices Market Report:

• GF HEALTH PRODUCTS, INC.


• 21st Century Scientific, Inc.


• Pride Mobility Products Corp.


• Ottobock


• MEYRA GmbH


• Permobil


• Sunrise Medical Limited


• Invacare Corporation

Further Report Findings:

• North America is anticipated to dominate the mobility devices market share as a result of strong presence of major companies in the region along with a rising geriatric population. The mobility assistive devices market size in the region was at USD 3.52 billion in 2018.


• Steady increase in the incidence of developmental disabilities among children will drive the market in Asia-Pacific.


• The wheelchairs segment is expected to lead by product during the forecast period, as the segment held a share of 54.1% in 2018. The main factor propelling this segment is the rising demand for wheelchairs from accident victims and those with genetic mobility deformities.

Table of Segmentation