Global Power Wheelchairs and Personal Mobility Market to reach $2.4 billion in 2022, Rising Incidence of Arthritis Fuels Demand: ResearchMoz

Albany, NY, July 21, 2016 (GLOBE NEWSWIRE) -- A new research report on the global power wheelchairs and personal mobility market has been recently added to the vast repository of The market study, titled “Power Wheelchairs and Personal Mobility: Market Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022,” presents a comprehensive and unbiased assessment of this market taking its historical performance, current status, and future prospects into consideration.

The power wheelchairs and personal mobility market has gained significant momentum across the world, thanks to the convenience of mobility and other health benefits provided by these devices. The rising incidence of osteoporosis and arthritis, propelled by the rapid growth in the geriatric population, has fuelled the demand for power wheelchairs and other personal mobility devices over the past few years. The increasing occurrences of accidents and bone injuries are also boosting the uptake of wheelchairs and personal mobility products significantly, states the research report.

This 627-page report analyzes the global market for wheelchairs and personal mobility on the basis of major market trends, driving forces, challenges, and opportunities. It also provides important statistical data about this market with the help of 350 tables and figures, making it a valuable source of guidance for players and stakeholders operating in the power wheelchairs and personal mobility market across the world.

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The manufacturing volume, product pricing, the dynamics of demand and supply, data related to import/export, gross margin, and the revenue generated in the worldwide market for power wheelchairs and personal mobility have been taken into consideration by experts while performing this study. Analysts have also calculated the cumulative average growth rate of this market in order to estimate the overall market value by the end of 2022.

The global power wheelchairs and personal mobility market has also been evaluated on the basis of its competitive landscape in this study. The profiles of the major players have been examined here to identify the current market hierarchy. As per the report, Invacare, Permobil, Handicare, Pride, Meyra, and Drive are the dominant players in the global market for power wheelchairs and personal mobility.

These companies are investing heavily in research and development activities in order to create innovative and technically advanced products. Owing to the stiff competition among players, the market is witnessing a number of new launches. The trend is expected to continue over the forecast period, driving significant growth in the global wheelchairs and personal mobility market, states the report.

Power wheelchair markets at $1.5 billion in 2015 are anticipated to reach $2.4 billion in 2022. Market growth comes in large part from demand for mobility from people who might otherwise be bedridden. The aging of the population is creating a growing pool of people that need power wheelchairs.

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Some of the other prominent participants profiled in this study are Graham Field, EASE Seating System, Aspen Seating LLC, C.T.M. Homecare Product Inc., Innovation In Motion, Aquila Corp., Eagle, HeartWay, Dane Technologies, GeckoSystems Int., Golden Technologies, Karma Wheelchairs, Drive Medical, and Hoveround.

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