Global Personal Mobility Devices Market, By Product Type (Walking Aids, Handbikes, Mobility Scooters, Medical Beds, Stair-lifts, Power Add On Products, Wheelchairs, Others), End User (Hospitals and Clinics, Long Term Care Centers, Households, Home Care Settings, Ambulatory Surgical Centers, Urgent Care Center, Others), Distribution Channel (Wholesalers/Distributors, Online Retailers, Multi-brand Stores, Specialty Stores), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Personal Mobility Devices Market
The personal mobility devices market size is expected to grow at a compound annual growth rate of 6.89% for the forecast period of 2021 to 2028. Personal mobility devices market report analyses the growth, which is currently being growing due to the rapid technological innovations aimed at increasing mobility and usefulness.
Personal mobility devices are the kind of devices that allow the individual's transportation. The mobility device consists of walkers, wheel chairs and rollators amongst the other mobility devices. Personal mobility devices facilitate the freedom to patients as well as the old age people from depending on others for the transportation.
The strong presence of supportive government initiatives is one of the major factors anticipated to drive the personal mobility devices market growth rate. Moreover, the rise in geriatric population and increase in the incidence of rheumatoid arthritis and osteoporosis are also expected to fuel the growth of the personal mobility devices market in the forecast period of 2021 to 2028. Additionally, the high purchasing decisions of individuals as well as the increase in the research and development are also expected to highly impact the growth of the personal mobility devices market. While, the rise in the number of injuries and road accidents are also amongst the major factors expected to fuel the growth of the personal mobility devices market in the above mentioned forecast period.
- In addition, the rise in the product development and availability of technologically advanced, compact and portable mobility aids are expected to bring various opportunities that will lead to the growth of the personal mobility devices market in the above mentioned forecast period.
However, the high purchasing and maintenance cost are expected to act as a major limiting factor for personal mobility devices market, whereas the, dearth of awareness regarding advanced personal mobility devices and unavailability of service centers can challenge the growth of the personal mobility devices market in the forecast period of 2021 to 2028.
This personal mobility devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the personal mobility devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Personal Mobility Devices Market Scope and Market Size
The personal mobility devices market is segmented on the basis of product type, end user and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the personal mobility devices market is segmented into walking aids, handbikes, mobility scooters, medical beds, stair-lifts, power add on products, wheelchairs and others. Walking aids have further been segmented into rollators and others. Rollators have further been sub-segmented into premium and low-cost. Others have further been segmented into canes, crutches and walkers.
- On the basis of end user, the personal mobility devices market is segmented into hospitals and clinics, long term care centers, households, home care settings, ambulatory surgical centers, urgent care center and others.
The distribution channel segment of the personal mobility devices market is segmented into wholesalers/distributors, online retailers, multi-brand stores and specialty stores.
Personal Mobility Devices Market Country Level Analysis
The personal mobility devices market is analyzed and market size, volume information is provided by country, product type, end user and distribution channel as referenced above.
The countries covered in the personal mobility devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the personal mobility devices market because of the encouraging government and reimbursement schemes, well developed healthcare infrastructure and rise in geriatric population. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the strong presence of untapped opportunities in the emerging markets of China and India and continuously improving healthcare infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Personal Mobility Devices Market Share Analysis
The personal mobility devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to personal mobility devices market.
The major players covered in the personal mobility devices market report are Invacare Corporation, Permobil, GF HEALTH PRODUCTS, INC., Stryker, Pride Mobility Products Corp., Arjo, Hill-Room Services, Inc., Compass Health Brands, Klaxon Mobility GmbH, Sunrise Medical, Briggs Healthcare, OTTOBOCK, Topro, Erovema Mobility AB, Carex Health Brands, Kaye Products, INC., Medline Industries, Inc., NOVA Medical Products, Performance Health, and TRIRIDE srl, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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