The new report by Expert Market Research titled, ‘Global Personal Mobility Devices Market Report and Forecast 2023-2031’, gives an in-depth analysis of the global personal mobility devices market, assessing the market based on its segments like products and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2031)
- Historical Market Size (2022): USD 7205 Million
- Forecast CAGR (2022-2031): 9.6%
The personal mobility devices market is being driven by the growing cases of musculoskeletal injuries, Alzheimer’s and arthritis among the geriatric population. The market is likely to witness a surge in the forecast period, owing to the growing inclination of the geriatrics towards powered wheelchairs as these wheelchairs are ideal for long distances, improve the comfort level and can be used on any surface. Personal mobility devices such as forearm crutches are likely to gain traction in the forecast period, as the product is used for people with long-term disability. In addition to this, the personal mobility devices help a physically challenged person carry out day-to-day activities with ease. In terms of region, the Asia Pacific region accounts for a significant share in the market and is anticipated to witness a considerable growth in the forecast period. This can be attributed to the rising geriatric population and increasing number of hospitals and medical care shops in the region.
Industry Definition and Major Segments
Personal mobility device is defined as the type of device which facilitates human transportation. This device is meant to provide mobility to people who are less mobile.
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On the basis of product, the market is divided into:
- Medical Mobility Aids and Ambulatory Devices
- Manual Wheelchairs
- Electric Wheelchairs
- Mobility Scooters
- Boot Scooters
- Mid-Size Scooters
- Road Scooters
- Folding Canes
- Quad Canes
- Offset Canes
- Axillary Crutches
- Elbow Crutches
- Forearm Crutches
- Standard Walkers
- Knee Walkers
- Medical Furniture’s and Bathroom Safety Products
- Patients Lifts
- Manual Lifts
- Power Lifts
- Stand Up Lifts
- Heavy Duty Lifts
- Overhead track Lifts
- Stair Lifts
- Indoor Stair Lifts
- Outdoor Stair Lifts
- Medical Beds
- Electric Beds
- Manual Beds
- Bars and Railings
- Commodes and Shower Chairs
- Patients Lifts
The regional markets for personal mobility devices include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The technological advancements in the healthcare industry in the emerging economies is likely to be a major trend in the market. Nowadays, the favourable government policies allow the private and government to lend the patients with mobility devices for short-term or long-term use. The repair and replacement policies offered by the government is anticipated to augment the market growth. For instance, Indian government initiated the scheme of Assistance to disabled persons for purchase/fitting of AIDS/appliances (ADIP scheme).
Key Market Players
The major players in the market are Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Hill-Rom Holdings, Inc., Ottobock, Stryker Corporation, Permobil (Patricia Industries), Pride Mobility Products Corp., Sunrise Medical (US) LLC, and Patterson Companies, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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