Global personal mobility devices market was US$ xx Bn in 2019 and is expected to reach US$ xx Bn by 2027, at a CAGR of 6.5% during forecast period.
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Global Personal Mobility Devices Market Definition
Personal mobility devices are known as personal light electric vehicle, electric rideable and personal transporter. These devices are advanced, most recent and compact motorised vehicle that are basically used to transport individuals. These devices include kick scooters, electric skateboards, self-balancing unicycles, electric wheel chairs and many others.
Global Personal Mobility Devices Market Dynamics
A surge in the adoption of various personal mobility devices in advanced healthcare sector is the major driving factor behind the growth of market. An increasing disability cases among old age population, ongoing development in mobility devices, rising number of various accidents which cause impairment of the limbs, growing demand for personal mobility devices by sports athletes to participate in events such as Paralympics World Cup and others, rising number of workplace injuries, meningitis and spinal cord injuries in people and supportive reimbursement policies for the rental and purchase of personal mobility devices are expected to drive the growth of market during forecast period.
However, limited availability of service centres and lack of awareness regarding modern personal mobility devices in developing economies are major restraining factors that would hamper the growth of market.
Global Personal Mobility Devices Market: Segmentation Analysis
By product type, walking aids segment dominated the market in 2019 and is expected to witness a fast growth at CAGR of xx% during forecast period. There are number of personal mobility devices that are available in the market, the production and sales of mobility or walking aids have significantly picked up in the past few years. The increasing incidence of osteoporotic fracture and injuries, rising demand for walkers, walking scooters and crutches and growing production of less expensive personal mobility devices are further expected to improve growth of market during forecast period.
However, wheelchair segment is projected to witness a fast growth at CAGR of xx% during forecast period. The wheelchair is one of the most common and most widely used assistive devices. An increasing technological development in existing wheelchairs and rising demand for most comfortable electric wheelchairs are accredited to the growth of market.
A rising investment in the production of personal mobility devices by various leading manufactures for variety of applications is expanding the market growth.
- In Jan 2018, WHILL, Inc launched its latest Model Ci, a smart, personal electric vehicle (PEV) that has the capability to reduce the feeling of self-consciousness reflected in antiquated wheelchairs and scooters.
- In June 2020, Gates launched its new and advanced personal mobility devices amidst rising bicycle demand worldwide.
Global Personal Mobility Devices Market: Regional Analysis
By region, North America held the largest market share in 2019 and is expected maintain its dominance in the global market at CAGR of xx% during forecast period. The US and Canada are major key contributors behind the growth of market. The growth is attributed to the high adoption of various types of personal mobility devices in healthcare industry and by individuals across the region.
Growing old age population, increasing cases related with limbs disorders and dysfunctions, rising number of road accidents, continuous investments for the development of healthcare infrastructure, rising disposable income of people and increasing investments in research and development activities in the field of personal mobility devices are driving the growth of market in North America.
The objective of the report is to present a comprehensive analysis of the Global Personal Mobility Devices Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Personal Mobility Devices Market dynamics, structure by analyzing the market segments and projects the Global Personal Mobility Devices Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Personal Mobility Devices Market make the report investor’s guide.
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The Scope of Global Personal Mobility Devices Market: Inquire before buying
Global Personal Mobility Devices Market, By Product Type
- Walking Aids
- Mobility Scooters
- Medical Beds
Global Personal Mobility Devices Market, By End User
- Hospitals & Clinics
- Long Term Care Centres
Global Personal Mobility Devices Market, By Region
- North America
- Asia Pacific
- South America
- Middle East and Africa
Global Personal Mobility Devices Market, Key Players
- Drive DeVilbiss Healthcare
- GF Health Products, Inc.
- Invacare Corporation
- Hill-Rom Holdings, Inc.
- Stryker Corporation
- Permobil (Patricia Industries)
- Pride Mobility Products Corp
- Sunrise Medical (US) LLC
- Patterson Companies, Inc.
- WHILL, Inc
- Stannah International
- R&E Stricker Reha-Entwicklungen GmbH
- Triride Srl
- Klaxon Mobility GmbH
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