According to a 2015 study released by Grand View Research, the global market for personal mobility devices alone is expected to reach $8 billion by 2020. Wheelchairs were the largest-selling product segment in 2013, with growing demand for powered wheelchairs expected to drive segment growth through the next four years.
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Premium rollators are identified as the most lucrative segment of this market. Such features as enhanced height, and the ability to handle heavyweight patients and adjustment mechanisms are expected to enhance household penetration rates.
The introduction of specialized devices, such as rollators with laser attachment for patients suffering from Parkinson’s, also is expected to drive segment growth through 2020, Grand View Research reported. “These devices are expected to witness a rapid rise in demand in developed markets with patients holding high disposable income and awareness levels.”
North America was the most matured personal mobility devices market in 2013, accounting for more than 35% of the overall market share.