Exploring the Growing Use of Personal Mobility Devices and the Reasons Behind It

Personal mobility devices include medical devices that assist in mobility and help in improving the overall quality of life of the physically disabled and/or geriatric individuals. Devices such as wheelchairs, mobility scooters, canes, crutches, walkers, and rollators are among the major personal mobility devices that are increasingly being demanded in the global market. Promoting mobility equipment and associated devices would facilitate reduction in public health expenditure as the sheer number of geriatric or disabled individuals and their associated needs are posing challenge to the domestic infrastructure, particularly the health systems. Another striking feature of this epidemiological transition is that the geriatric population in developing countries is estimated to exceed by 250%, which is far higher than the projected 71% increase in developed countries based on the findings of the WHO study on global AGEing and Adult Health (SAGE). Therefore, there will be significant growth in this market in the future.

Furthermore, due to the entry of various government and private geriatric/senior citizens, the health insurance players and other international organizations operating for assistance of disabled and elderly population would also facilitate growth of this market. The insurance players would help in reducing the cost of these devices to its end-users by covering various assistive devices under reimbursement plans, and thereby help in making them more affordable to the consumers. This is likely to increase demand for these devices in various price sensitive regions of the world.

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 is further categorized 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. Medical beds and wheelchairs were observed as the largest and fastest growing product markets. The major factors driving the personal mobility devices market are high prevalence and increasing incidences of several chronic diseases, their longevity, and increasing disability rates along with increased government funding.

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The key players operating in the global personal mobility devices market are 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. In terms of revenue, it was observed that Invacare Corporation held the largest share followed by Hill-Rom Holdings, Inc. in global personal mobility devices market in 2014. The key market players are actively involved in constant innovations and developments related to technology and application to cater the multi-dimensional needs of the end-users for maintaining their position in the global market.

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