U.S. Group 2 Powered Mobility Devices Market Size, Share | Report 2023-2032
The U.S. group 2 powered mobility devices market was surpassed at USD 2.64 billion in 2022 and is expected to hit around USD 8.24 billion by 2032, growing at a CAGR of 12.06% from 2023 to 2032.
Key Pointers
There was a fall in the U.S. group 2 powered mobility devices market in 2020 due to the COVID-19 outbreak. However, the increasing geriatric population and rising acceptance of powered mobility devices for various outdoor activities are anticipated to provide a boost to the market. The pandemic has negatively impacted the mobility devices market. COVID-19 had a significant impact on the medical industry in terms of conducting medical procedures and therapy. The pandemic also contributed to a shipping and logistics crisis in the country. The shortage in the availability of logistics and shipping services caused delays in providing products and services to customers.
In the U.S., it is estimated that around 2.7 million people use wheelchairs for their day-to-day mobility needs. Spiraling demand from organizations such as the U.S. Department of Veterans Affairs and advancements in powered mobility devices are poised to augment the market. Supportive government initiatives are helping in streamlining overall reimbursement procedures based on patients’ medical criteria. This may aid in an increasing number of customers covered under the group 2 categories, which is expected to propel the market.
Surging demand for these devices among long-term and home care patients and increasing incidences of rheumatoid arthritis & osteoporosis are also expected to drive the market during the forecast period. According to the U.S. Census Bureau, in 2019, there were more than 54.1 million people above 65 years of age in the U.S., which accounted for 15.0% of the total population. Demand for powered mobility devices is growing due to the rising geriatric population.
Elderly individuals with limited mobility prefer battery-operated wheelchairs or scooters over manual vehicles as the former gives them the freedom to move independently, without any external support. Acceptance of mobility devices among patients and physicians is on the rise as they have proved to be exceptional in improving quality of life. Thus, due to the increasing awareness and rising acceptance, demand for battery-operated vehicles is poised to increase in the U.S.
Key Companies & Market Share Insights
Companies are continuously focusing on initiatives such as mergers & acquisitions, regional expansions, and novel product developments. For instance, in August 2021, Pride Mobility Products Corporation launched Jazzy EVO 613 group 2 chairs, which offer 25.0% less charging time and 25.0% more range. Some of the key companies in the U.S. group 2 powered mobility devices market include:
U.S. Group 2 Powered Mobility Devices Market Segmentations:
| By Product Type | By Payment Type | By Sales Channel | By End-use | By Price-range |
|
Powered Wheelchairs Power Operated Vehicle |
Reimbursement Out-of-Pocket |
Retail E-commerce Direct Sales (excluding VA) Veteran Affairs |
VA General Population |
1,000-4,999 5,000-9,000 9,000 and above |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on U.S. Group 2 Powered Mobility Devices Market
5.1. COVID-19 Landscape: U.S. Group 2 Powered Mobility Devices Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. U.S. Group 2 Powered Mobility Devices Market, By Product Type
8.1. U.S. Group 2 Powered Mobility Devices Market, by Product Type, 2023-2032
8.1.1. Powered Wheelchairs
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Power Operated Vehicle
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. U.S. Group 2 Powered Mobility Devices Market, By Reimbursement
9.1. U.S. Group 2 Powered Mobility Devices Market, by Payment Type, 2023-2032
9.1.1. Reimbursement
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Out-of-Pocket
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. U.S. Group 2 Powered Mobility Devices Market, By Sales Channel
10.1. U.S. Group 2 Powered Mobility Devices Market, by Sales Channel, 2023-2032
10.1.1. Retail
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. E-commerce
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Direct Sales (excluding VA)
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Veteran Affairs
10.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 11. U.S. Group 2 Powered Mobility Devices Market, By End-use
11.1. U.S. Group 2 Powered Mobility Devices Market, by End-use, 2023-2032
11.1.1. VA
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. General Population
11.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 12. U.S. Group 2 Powered Mobility Devices Market, By Price-range
12.1. U.S. Group 2 Powered Mobility Devices Market, by Price-range, 2023-2032
12.1.1. 1,000-4,999
12.1.1.1. Market Revenue and Forecast (2020-2032)
12.1.2. 5,000-9,000
12.1.2.1. Market Revenue and Forecast (2020-2032)
12.1.3. 9,000 and above
12.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 13. U.S. Group 2 Powered Mobility Devices Market, Regional Estimates and Trend Forecast
13.1. U.S.
13.1.1. Market Revenue and Forecast, by Product Type (2020-2032)
13.1.2. Market Revenue and Forecast, by Payment Type (2020-2032)
13.1.3. Market Revenue and Forecast, by Sales Channel (2020-2032)
13.1.4. Market Revenue and Forecast, by End-use (2020-2032)
13.1.5. Market Revenue and Forecast, by Price-range (2020-2032)
Chapter 14. Company Profiles
14.1. Golden Technologies
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Pride Mobility Products Corporation
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Invacare Corporation
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. National Seating & Mobility
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Numotion
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. 1800wheelchair.com
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. EZ Lite Cruiser
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. Shoprider Mobility Products, Inc.
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Medical Depot, Inc. (Drive DeVilbiss Healthcare)
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers