Personal mobility devices refers to any assistive device that facilitates individual human transportation. Although many such devices are used by people with disability or mobility restrictions, mobility aids can be employed generally. Increasing geriatric population and rising prevalence of target bone diseases such as arthritis and osteoporosis among the aged population are major factors driving the market growth during the forecast period.

The report titled “Global Personal Mobility Devices Market - Growth, Future Prospects and Competitive Analysis, 2016–2024” offers strategic insights into the overall personal mobility devices market along with the market size and estimates for the duration 2016 to 2024. The said research study covers in-depth analysis of multiple market segments based on type of product and different geographical region. The type of product segment studied for analyzing the overall personal mobility devices market is majorly segmented into wheelchairs, scooters, walking aids, patient lifts and patient stairs.

Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights, Porter’s five forces analysis and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global personal mobility devices market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global personal mobility devices market. This report concludes with company profiles section that highlights major information about the key players engaged in global personal mobility devices market. In-depth competitive environment analysis and historical year 2014 market size data are also provided in the report.

Thus, the research study provides a holistic view of the global personal mobility devices market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above-mentioned factors.

Based on the type of product the personal mobility devices market is segmented as follows:

• Wheelchairs
  • Manual Wheelchairs
  • Powered Wheelchairs
• Scooters
• Walking Aids
  • Canes & Crutches
  • Rollators
• Patient Lifts
• Stair Lifts

Personal mobility devices refers to any assistive device that facilitates individual human transportation. Although many such devices are used by people with disability or mobility restrictions, mobility aids can be employed generally. The key products analyzed in the personal mobility devices market include wheelchairs, scooters, walking aids, patient lifts and stair lifts. The wheelchairs segment is further sub-segmented into manual wheelchairs and powered wheelchairs. The wheelchairs segment accounted for the largest share in the global personal mobility devices market. The key factors assisting the overall market growth of wheelchairs segment are high usage rates and growing demand for powered wheel chairs and its rising implementation in home use, hospitals, airports, hotels and other public places. However, walking aids segment it is anticipated to achieve significant growth in the near future due to the growing popularity of three and four wheeled rollators. According to market experts, the reimbursement provided by the U.S. Medicare is around 80% of the device cost for rollators. It was observed that rollators are priced in a range of US$ 130 to 200 and high disposable income and increasing acceptance of technologically advanced rollators specifically in North American and European countries is expected to drive growth of rollators in the near future.

For the purpose of this study, the global personal mobility devices market is categorized into regional markets viz., North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. In the base 2015, North America formed the largest market for personal mobility devices market. The factors driving the North America personal mobility devices market are continuous rise in the geriatric population leading to rise in demand for assistive devices. Moreover, presence of sophisticated healthcare infrastructure coupled with efficient reimbursement framework and disposable income are the major factors driving the North America personal mobility devices market. Asia Pacific is expected to register the fastest growth rate during the forecast period. Large presence of untapped opportunities in the emerging markets of India and China and constantly improving healthcare infrastructure in these markets are some attributes accounting for the aforementioned conclusion. Moreover, growing geriatric population in China and Japan and increasing disposable incomes, rising awareness and healthcare expenditure levels and the presence of government initiatives aimed at improving healthcare access in the region are few also expected to fuel the market during the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Personal Mobility Devices market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Personal Mobility Devices market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Personal Mobility Devices market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Personal Mobility Devices market?
• Which is the largest regional market for Personal Mobility Devices market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Personal Mobility Devices market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Personal Mobility Devices market worldwide?