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U.S. Group 2 Powered Mobility Devices Market Analysis Report 2022: Increase In Preference For Powered Mobility Device & Introduction of Novel Technologies and Products in the Market - ResearchAndMarkets.com

·4-min read

DUBLIN, May 24, 2022--(BUSINESS WIRE)--The "U.S. Group 2 Powered Mobility Devices Market Size, Share & Trends Analysis Report by Product Type (Powered Wheelchairs, Power Operated Vehicle), by Payment Type, by Sales Channel, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.

The U.S. group 2 powered mobility devices market size is expected to reach USD 6.7 billion by 2030, expanding at a CAGR of 12.4%

Out-of-pocket sales are expected to form the fastest-growing sales channel owing to reducing dependence on traditional sources of insurance.

However, manufacturers such as Drive Medical are still offering wheelchairs and scooters covered under Medicare. The introduction of technologically advanced products and commercial availability of a wide range of battery-powered mobility devices are some of the factors anticipated to rev up the acceptance of powered wheelchairs among customers making out-of-pocket expenses.

The COVID-19 pandemic has disrupted the supply chain of powered mobility devices due to the restrictions imposed by the government. The pandemic has negatively impacted the businesses of various market players in terms of sales and operating income.

The established presence of several manufacturers, the growing geriatric population, and the introduction of new devices in the market is likely to fuel the demand for these devices in the country. The powered wheelchair was the largest product type segment in 2021. An increase in the number of spinal cord injuries and the aging population susceptible to disability is anticipated to be responsible for the growth of this segment.

U.S. Group 2 Powered Mobility Devices Market Report Highlights

  • The U.S. group 2 powered mobility devices market size reported a valuation of USD 2,185.0 million in 2021 and is likely to expand at a CAGR of 14.3% from 2022 to 2030.

  • Powered Wheelchairs (PWC) emerged as the largest product type segment in 2021 and are expected to witness the fastest CAGR of 14.5% during the forecast period.

  • The out-of-pocket payment segment is anticipated to rise at a high CAGR of 14.4% over the forecast period due to declined reliability of manufacturers on insurance.

  • The e-commerce sales channel will emerge as a highly promising segment, registering a CAGR of 14.5% during the same period.

  • Direct sales (excluding VA) are expected to witness the highest growth of 14.5% over the forecast period.

Key Topics Covered:

Chapter 1. Executive Summary

Chapter 2. Research Methodology

2.1 Country-wise Market: Base Estimates

2.2 Global Market: CAGR Calculation

2.3 Region-based Segment Share Calculation

2.4 Research Scope & Assumptions

2.5 List of Data Sources

2.6 Market Snapshot

Chapter 3. U.S. Group 2 Powered Mobility Devices Market Variables, Trends, & Scope

3.1 Market Segmentation & Scope

3.2 Market Driver Analysis

3.2.1 Supportive Bulk Purchase

3.2.2 Increase In Preference For Powered Mobility Device

3.2.3 Introduction Of Novel Technologies and Products In The Market

3.3 Market Restraint Analysis

3.3.1 Lack Of Product Knowledge For Making Purchase Decisions Through The Online Channel

3.3.2 Stringent Regulatory Framework For Group 2 Powered Devices

3.3.3 High reimbursement denial rate

3.4 U.S. Group 2 Powered Mobility Devices-SWOT Analysis, by Factor (Political & Legal, Economic, and Technological)

3.5 Industry Analysis - Porter's Five Forces Analysis

3.6 U.S. Group 2 Powered Mobility Devices Market: Market Position Analysis, 2017

Chapter 4. U.S. Group 2 Powered Mobility Devices Market: Product Type Estimates & Trend Analysis

4.1 U.S. Group 2 Powered Mobility Devices Market: Product Type Movement Analysis

4.2 Powered Wheelchairs

4.2.1 Powered wheelchairs market 2018-2030 (USD Million)

4.3 Power Operated Vehicle

Chapter 5. U.S. Group 2 Powered Mobility Devices Market: Payment Type Estimates & Trend Analysis

5.1 U.S. Group 2 Powered Mobility Devices Market: Payment Type Movement Analysis

5.2 Reimbursement

5.2.1 Reimbursement market 2018-2030 (USD Million)

5.3 Out-of-Pocket

Chapter 6. U.S. Group 2 Powered Mobility Devices Market: Sales Channel Estimates & Trend Analysis

6.1 U.S. Group 2 Powered Mobility Devices Market: Sales Channel Movement Analysis

6.2 Retail

5.2.1 Retail market 2018-2030 (USD Million)

6.3 E-commerce

6.4 Direct Sales (excluding VA)

6.5 Veteran Affairs

Chapter 7. Competitive Landscape

  • Golden Technologies

  • Pride Mobility Products Corporation

  • Invacare Corporation

  • National Seating & Mobility

  • Numotion

  • 1800Wheelchair.Com

  • Ez Lite Cruiser

  • Shoprider Mobility Products, Inc.

  • Medical Depot, Inc. (Drive Devilbiss Healthcare)

For more information about this report visit https://www.researchandmarkets.com/r/yoy3tq

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005786/en/

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