Global Personal Mobility Devices Market Revenue | Market Growth- Ken Research

Global Personal mobility devices help the human transportation individually. These can be powered or manual, are often used by patients with mobility impairments. Some of these devices include wheelchairs, walkers, canes, collators, and crutches. Personal mobility devices market is likely to witness higher growth rate owing to technological advancements in devices for instance making them portable & easy to access during the forecast period. Additionally, growth in prevalence of chronic diseases, such as coronary heart disease, rheumatoid arthritis, heart failure, diabetes, and osteoarthritis, across the globe further supplements the growth of the market.

As per analysis, “Global Personal mobility device market By Product Type (Wheelchair, Walking Aids, Scooters and Others); By Application (Power and Manual); By End Users (Homecare Setting, Hospitals & Clinics and Others); and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” the key companies operating in the global personal mobility devices market include R&E Stricker Reha-Entwicklungen GmbH, Invacare Corporation, Stannah International, Pride Mobility Products Corporation, Acorn Stairlifts Inc., Sunrise Medical (US) LLC, Ottobock Healthcare, Spinergy, Inc., Drive Devilbiss Healthcare and among others.
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Based on product type, personal mobility devices market is segmented as scooters, walking aids, wheelchair and others. Wheelchair segment holds major share in global market as they are convenient to use and to move from one place to another place. Additionally, the introduction of electric wheelchairs has notably reduced the burden on patients through allowing the movement of chairs with the electric buttons. Based on application, market is segmented as manual and power. In addition, based on end-user, market is segmented as hospitals & clinics and homecare settings. The hospital & clinics segment dominates the global market due to increase in government initiatives & policies focused on better hospital infrastructure, rise in number of footfalls and availability of apt insurance policies in the hospital during the forecast period. Additionally, the home care setting segment is projected to witness higher growth rate as a result of increase in incidences of arthritis & chronic disabilities among the older population during the forecast period.

Growth in technological advancements in personal mobility devices, followed by increase in geriatric population and rise in prevalence of chronic diseases are some major factors, which are responsible for growth of the personal mobility devices market. However, complications related to use of personal mobility devices and high cost associated with these devices may impact the market. Moreover, rise in demand for personal mobility devices in emerging nations is a leading opportunity for market.

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Based on regional analysis, the North-America is a leading region in global personal mobility devices market owing to growth in number of individuals with disabilities requiring assistive equipment and increase in per-capita income across the region. The Europe and Asia-Pacific regions are anticipated to exhibit substantial growth rate due to rise in prevalence of diseases and increase in number of accidents & injuries over the forecast period. It is predicted that future of the global personal mobility devices market will be bright caused by increase in government initiatives undertaken for increasing accessibility of these mobility devices coupled with growth in number of disability cases because of rising elderly population during the forecast period.

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