Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Personal Mobility Devices Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2021-2028”
The global personal mobility devices market size is poised to reach US$ 18.5 Bn by 2028, with a CAGR of 6.2%during 2021-2028
Growing injury incidents, increased product growth, and increasing number of limb-related injuries are some of the industry influencing forces. The need for personal mobility products is also driven by rising global ageing population and the surge in chronic diseases.
In fact, optimistic payment programs are projected to boost the demand for the purchase and leasing of personal mobility products. Medicaid benefits funded Part B also covers a range of support services including walkers, wheelchairs, bottles, and crutches. A recipient has 20% of the costs of the drug to pay and Medicaid provides the other 80%. In fact, this compensation scheme includes reparation and exchange of reimbursed mobile devices.
Download Sample Pages Of This Study@ https://www.acumenresearchandconsulting.com/request-sample/2163
In order to enable individuals with disabilities to build advanced, reliable, functional, and scientifically manufactured mobility devices for the advancement of mental, psychological, and physical recovery of persons with disabilities, the Indian government has launched a disability assistance scheme. In order to further minimize patient’s incapacity due to injury and to increase the economic opportunity for the procurement of such functional devices, this law will also benefit.
Public services are equipped with personal mobility systems aimed at encouraging active living and reducing the severity of the disability. Mobility computer technical innovation is one of the key drivers of this market. This will greatly increase the use of mobile devices by adding transfer elevators, portable scooters, and automatic rollers. A few examples of technologic advances in the field of mobile mobility systems include Segway’s personal elevator, Topper laser-activated rollers for people with Alzheimer’s disease, and the M300 Corpus HD Power wheelchairs.
View Table Of Content Of This Study@ https://www.acumenresearchandconsulting.com/personal-mobility-devices-market
Wheelchair Segment governs the market
The wheelchair is one of the most common personal mobility aid. Developments in wheelchairs, such as the advent of electronic wheelchairs and wheelchairs that can store medical records and make phone calls and supervise the health of an individual, are among the reasons which are driving the demand.
An additional 25.5 Mn People have conditions that find it difficult to fly outside of their home according to the Bureau of Transportation Statistics, U.S. Ministry of Transportation. Also, a significant driver for demand growth is the growing geriatric demographics which are vulnerable to mobility conditions. In addition, the growing success of specialized functionalities in wheelchairs is pushing the demand due to the rising number of patients. However, companies are expected to fuel market growth with a growing number of product releases.
Regional Stance
The Europe personal mobility sector holds the world’s biggest share of revenue and is projected to expand at a modest pace on the target market over the next 10 years. It is because of increased environmental illness incidence, the growing number of deaths and incidents and the rising number of individuals with special needs. According to a European Commission survey, about 80 Mn people are physically impaired.
Browse Upcoming Market Research Study@ https://www.acumenresearchandconsulting.com/forthcoming-reports
North America is the second largest share of sales in 2019 on the global demand for personal mobility devices, with substantial increases anticipated in the projected timeframe. It can be due to high human expense potential and the increasing demands of obese and special needs individuals for help. For example, about 14.3 percent of the population has disabilities and related vision, hearing and motion disorders, according to statistics in a report by Human Resources and Development Canada. Disability Tax Credit Card has been created by the government of Canada to allow people with disabilities to pay little or no tax.
Besides, Asia Pacific market is projected to have the highest CAGR in the forecast era. owing to rapidly growing health infrastructure and rising knowledge of advanced medical instruments.
Key Players & Strategies
Participants include major global players Amigo Mobility International Inc., Argo Medical, Patterson Companies, Inc., ArjoHuntleigh, Graham-Field Health Products Incorporated, Stryker Corporation, Hill-Rom Holdings Inc., Invacare, TOPRO, Carex Health Brand Incorporation, and Others.
Browse All Latest Healthcare and Pharmaceuticals Reports Study@ https://www.acumenresearchandconsulting.com/industry-categories/healthcare-and-pharmaceuticals
Inquiry Before Buying@ https://www.acumenresearchandconsulting.com/inquiry-before-buying/2163
Download This Premium Research Study – https://www.acumenresearchandconsulting.com/buy-now/0/2163
Would like to place an order or any question, please feel free to contact at sales@acumenresearchandconsulting.com | +1 407 915 4157
About Us:
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With a team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.