Published Date : Aug 11, 2016
During the recent times, there has been an alarming rise in the number of patients with temporary and permanent mobility loss. In addition, there is rising geriatric population, which is more susceptible to mobility disabilities due to old age conditions such as rheumatoid arthritis and osteoporosis. These factors are fueling the demand for personal mobility devices. Advancements in sensors, battery technology, software, and low-cost manufacturing of hardware have propelled huge improvements in personal mobility devices in the past few years.
Easy Availability of Technology to Augur Well for Developed Regions
North America and Europe collectively dominate the global personal mobility devices market because of three key reasons. First, the easy access to technology in these regions enables manufacturers to manufacture the products at affordable prices. Second, the superior level of private and public infrastructure has increased the level of awareness for personal mobility devices among patients, thereby helping the market to grow in these regions. Third, the rising prevalence of mobility disability amongst adults is fuelling the demand for personal mobility devices. For instance, according to the Centers for disease Control and Prevention, the mobility disabled adults comprise of 7.1% of the total adult population in the US. The growth prospects in these regions are likely to thrive in the near future as well.
Promising Regulatory Scenario to Make Asia Pacific Most Attractive Market
The Asia Pacific region is estimated to register robust growth in the personal mobility devices market owing to growing awareness amongst patients about the large variety of highly efficient devices available in the market. The region is growing technologically advanced, which has facilitated easy availability of products at reasonable prices. The conducive regulations associated with the personal mobility devices is attracting the vendors to operate in the APAC region. All these factors together are boosting the growth of the global personal mobility devices market.
Growing Preference of Wheelchairs Fuel Growth of the Overall Market
Factors such as vast range of features, costs ranging from reasonable basic manual models to expensive high-end electric models, and innovative specifications will enable the wheelchairs to tread along a healthy growth path in the forthcoming years. Wheelchairs are innovative and highly evolved products that cater to a large number of end-users with diverse needs.