As per this study the Global Personal Mobility Devices Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Personal mobility device refers to the mobility device that is designed to assist in the movement to people suffering from rheumatoid arthritis, and neuromuscular disorders. It also improves the mobility of impaired people. Wheelchairs, canes, crutches, and walkers are some of the most common mobility devices used by disabled people. These devices can be operated manually or powered by batteries and find application across hospital & clinics, ambulatory surgical centers, urgent care center, home care setting, and others.
The rising incidences of rheumatoid arthritis and osteoporosis coupled with an increasing geriatric population, where mobile devices can be used to aid in movement, is augmenting the market growth of personal mobility devices. Additionally, increasing demand for technologically advanced, compact and portability aids such as crutches, and canes, are further boosting the market growth. On the downside, the high purchasing and maintenance cost of such devices hamper the market growth of personal mobility devices.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of personal mobility devices.
The broad personal mobility devices market has been sub-grouped into product type and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Hospital & Clinics
- Ambulatory Surgical Centers
- Urgent Care Center
- Home Care Setting
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for personal mobility devices in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Personal Mobility Devices Market Size, Share Analysis Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the personal mobility devices market include Acorn Stairlifts Inc., Drive Devilbiss Healthcare, Invacare Corporation, Ottobock Healthcare, Permobil, Pride Mobility Products Corporation, Stannah International, and Sunrise Medical (US) LLC. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.