Personal mobility devices include wheelchairs, scooters, bicycles, and unicycles. Most of these devices are used by disabled people, who have restricted mobility. A personal mobility device is designed for use by single person. These devices can be manual or powered by battery. Increasing number of geriatric population is expected to favor growth of the personal mobility device market. According to data published by National Institute on Aging in 2010, it was estimated that 524 million people were aged 65 years or older that is 8% of the world’s population and by 2050, it is expected to nearly triple and reach 1.5 billion, representing 16% of the world’s population. This above statistics is expected favor growth of personal mobility devices market.
Favorable government policies and supportive initiatives by various organizations also aids in growth of the personal mobility devices market
Favorable government initiatives and initiatives by non-profit organizations such as WHO and International Society of Wheelchair Professionals (ISWP), to increase awareness among people is expected to support growth of the market in the near future. ISWP’s mission is to serve as an international resource for wheelchair and provide education through programs. According to ISWP, across the globe, over 100 million people are in need of wheelchairs and most people lack access to appropriate wheelchairs and services to repair the wheelchairs. ISWP is focusing on reducing this demand and supply gap, and also to fulfill the need of wheelchair users through their camp and social activities.
Furthermore, Motivation Brockley Academy, a U.K.-based academy that works for providing wheelchair in developed as well as in emerging countries such as India and Sri Lanka announced plans to double their network in India; provide over 4,000 wheelchairs; develop professional wheelchair service centers at hospitals in Delhi, Mumbai, and Chennai; develop and mentor current wheelchair service network; by end of 2018. It has also announced plans to develop a specialist unit in Sri Lanka to provide healthcare and rehabilitation to people with spinal cord injuries and health education program with minimum 600 children in Sri Lanka.
Also, Free Wheelchair Mission, a non-profit organization, is engaged in providing wheelchairs to the needy, who cannot afford it. Also, the organization is continuously focusing on expansion. As of June 2014, the organization has distributed wheelchairs in around 91 countries and among these, top five countries include India, China, Vietnam, Peru, and Chile.
Key players in the market include Invacare Corporation, Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Sunrise Medical (US) LLC, Permobil, Stannah International, Acorn Stairlifts Inc., and Ottobock Healthcare.
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