A recent report published by Infinium Global Research on personal mobility devices market provides an in-depth analysis of segments and sub-segments in the global as well as regional personal mobility devices market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional personal mobility devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global personal mobility devices market. According to the report, the global personal mobility devices market is projected to grow at a CAGR of 7.4% over the forecast period of 2019-2025.
Market Insight
Personal mobility devices play a major role in advanced healthcare. These mobility devices include medical devices that support moving and helps in improving the overall quality of life of physically disabled and old aged populations. There are several personal mobility devices available in the market such as wheelchairs, canes, crutches, and walkers. The global personal mobility devices market is anticipated to grow at a success rate over the forecast period.
Growing rates of rheumatoid arthritis and osteoporosis are the major factor for the growth of the personal mobility device market across the globe. Also, people with injuries or older adults with a high risk of falling choose to use a mobility device that in turn helps the growth of the market. Besides, the favorable reimbursement policies for the purchase and rentals of personal mobility devices are also helping in driving the growth of the market. Furthermore, growing demand for technologically advanced, compact and portability supports such as crutches, and canes, are further boosting the growth of the personal mobility device market. However, the high purchasing and maintenance cost of such devices may hinder the market growth of personal mobility devices over the forecast period.
In terms of region, the global personal mobility devices market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Among all, North America holds the largest market share and is estimated to dominate the global personal mobility devices market during the forecast period. This is attributed to the large aged population in the region requiring mobility aid devices. The Asia Pacific is estimated to be the fastest-growing market for the personal mobility devices due to increasing focus on the development of healthcare infrastructure by the public as well as private hospitals. Growing geriatric population, increase in the cases of limb dysfunctions and disorders are the other factors for the growth of the market in this region. Besides, the extensive scope of development and rapid growth offer significant opportunities to emerging as well as established players in the Asia Pacific region.
Segment Covered
The report on global personal mobility devices market covers segments such as product type, and end user. On the basis of product type, the sub-markets include wheelchair, scooters, canes, crutches, walkers, stair-lifts, and other product types. On the basis of end user, the sub-markets include hospital & clinics, ambulatory surgical centers, urgent care center, home care setting, and other end user.
Companies Profiled:
The report provides profiles of the companies in the market such as Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Hill-Rom Holdings, Inc., Ottobock, Stryker Corporation, and Permobil.
Report Highlights:
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of personal mobility devices market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
