Press release
Personal Mobility Devices Market Valued at USD 14.85 Bn. in 2024; Expected to Reach USD 23.54 Bn. by 2030
Personal Mobility Devices Market
The global personal mobility devices market is projected to attain a valuation of USD 23.54 billion by 2030, expanding at a CAGR of 6.8% during the forecast period, according to Maximize Market Research . This growth is fueled by the increasing geriatric population, rising prevalence of disabilities, and continuous technological innovations in mobility solutions.
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►Competitive Landscape
The market is characterized by a mix of multinational corporations and regional players, leading to a fragmented yet competitive landscape. Companies are focusing on expanding their product portfolios and geographic reach through mergers, acquisitions, and partnerships. Notably, the Asia Pacific region is experiencing higher demand, attributed to rapid urbanization and improved healthcare infrastructure.
►Regional Insights
♦ United States: Growth and Consolidation
In the United States, the personal mobility devices market is witnessing moderate growth, with a focus on innovation and consolidation. In September 2023, Invacare acquired a small assistive technology firm to enhance its product offerings . Additionally, Golden Technologies is expanding its operations, reflecting a strong growth trend within the market.
♦ Asia Pacific: Opportunities and Trends
The Asia Pacific region is poised for significant growth in the personal mobility devices market. Factors such as an aging population, increasing awareness of mobility solutions, and rising healthcare investments are driving demand. Countries like China and Japan are leading this growth, with China's market expected to reach $1.22 billion by 2030, growing at a CAGR of 8.5% . Furthermore, strategic activities like mergers, acquisitions, and collaborations are prevalent, enhancing the region's market dynamics .
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♦ Middle East and Africa: Emerging Opportunities
The Middle East and Africa are emerging markets for personal mobility devices, driven by increasing healthcare awareness and investments. While specific merger and acquisition activities are less prominent, the region presents opportunities for market entry and expansion due to unmet needs and growing demand for mobility solutions.
♦ Europe: Trends and Market Expansion
Europe's personal mobility devices market is expected to reach USD 5.36 billion by 2030, growing at a CAGR of 6.3% . The growth is attributed to the increasing geriatric population, rising prevalence of mobility impairments, and advancements in mobility aid technologies. Notably, Getinge Group acquired 1st Call Mobility, a UK-based rental mobility equipment supplier, to strengthen its market position .
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► Market Segmentation: In-Depth Analysis:
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
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-personal-mobility-devices-market/79156/
► Learn about the top players driving innovation in the Market :
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
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► Contact Maximize Market Research:
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Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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