Global Personal Mobility Devices Market Income, and Projected Growth to 2029

The Global Personal Mobility Devices Market is poised to achieve a market value of US$ 22.05 billion by 2029, demonstrating a robust CAGR of 6.8% throughout the forecast period.

Report Scope and Methodology:

Personal mobility devices, also known as personal light electric vehicles, electric rideables, and personal transporters, represent the latest advancements in compact motorized transportation solutions for individuals. These devices encompass a wide range of products, including kick scooters, electric skateboards, self-balancing unicycles, electric wheelchairs, and more.

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What are Global Personal Mobility Devices Market Dynamics ?

Market Drivers

The market for personal mobility devices is being driven by several key factors, including:

Adoption in the Healthcare Sector: The increased adoption of personal mobility devices in the healthcare sector is a significant driver. These devices are assisting individuals with mobility challenges, enhancing their quality of life.

Growth in Disability Cases: The rising number of disability cases, particularly among the elderly, is propelling the demand for personal mobility devices. These devices offer mobility and independence to those with physical limitations.

Support from Reimbursement Policies: Supportive reimbursement policies for renting and purchasing personal mobility devices are further fueling market growth, making these devices more accessible to a broader population.

Sports and Athletics: Athletes, including those participating in events like the Paralympics World Cup, are increasingly using personal mobility devices, driving demand in this segment.

Workplace Injuries and Injuries in General: A surge in workplace injuries, as well as accidents leading to limb impairments, has created a demand for personal mobility devices to aid in recovery and mobility.

Market Restraints:

However, the market faces constraints in terms of:

Limited Service Center Availability: In developing economies, the limited availability of service centers for maintenance and repair of personal mobility devices poses a challenge.

Lack of Awareness: The lack of awareness about modern personal mobility devices in some developing regions hampers market growth.

What is Global Personal Mobility Devices Market Segmentation ?

In 2022, the walking aids segment dominated the market, with a substantial CAGR expected during the forecast period. Increasing incidents of osteoporotic fractures and injuries, coupled with a growing demand for walkers, walking scooters, and crutches, are propelling this segment's growth. Moreover, the production of affordable personal mobility devices further enhances market prospects.

by Product

Walking Aids
Mobility Scooters
Medical Beds
Wheelchairs
Others
by Type

Hospitals & Clinics
Long Term Care Centres
Households
Others
by Sales Channel

Wholesalers/Distributors
Online Retailers
Multi-brand Stores
Specialty Stores

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Who are Global Personal Mobility Devices Market Key Players?

1.Drive DeVilbiss Healthcare
2. GF Health Products, Inc.
3. Invacare Corporation
4. Hill-Rom Holdings, Inc.
5. Ottobock
6. Stryker Corporation
7. Permobil (Patricia Industries)
8. Pride Mobility Products Corp
9. Sunrise Medical (US) LLC
10. Patterson Companies, Inc.
11. ArjoHuntleigh
12. WHILL, Inc
13. Gates
14. Stannah International
15. R&E Stricker Reha-Entwicklungen GmbH
16. Triride Srl
17. Klaxon Mobility GmbH

Table of content for the Global Personal Mobility Devices Market includes:

Part 01: Executive Summary

Part 02: Scope of the Global Personal Mobility Devices Market Report

Part 03: Global Personal Mobility Devices Market Landscape

Part 04: Global Personal Mobility Devices Market Sizing

Part 05: Global Personal Mobility Devices Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Global Personal Mobility Devices Market Regional Insights:

North America led the market in 2022 and is expected to maintain its dominance with a strong CAGR. The United States and Canada are major contributors to the region's growth. Factors driving this growth include the high adoption of personal mobility devices in the healthcare industry, an aging population with limb-related disorders, increased road accidents, substantial investments in healthcare infrastructure, rising disposable incomes, and a growing focus on research and development in personal mobility devices.

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