The Personal Mobility Devices market was valued around USD 3.60 billion in 2012 and is expected to reach approximately USD 7.55 billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 7.68% during the forecast period.The market is segmented into Product and regions. In terms of product the market is divided into wheelchairs, walking aid and scooters.
Rising global aged population base, the occurrence rate of target diseases and steady government activities are some crucial factors anticipated that would drive the personal mobility devices market. With the introduction of personal mobility devices that are technologically enhanced, for example, laser enabled rollators by TOPRO and Segway Personal Transporter, personal mobility devices market is foreseen to encounter development throughout the following years.
Controlled wheelchairs was the biggest product section in 2013
Wheelchairs are the most ordinarily used personal mobility devices offering help to the aged and disabled populace. It expands the simplicity of performing fundamental capacities subsequently, improving the personal satisfaction. The requirement for wheelchairs is foreseen to develop at a critical rate amid the gauge time frame due to a quickly expanding worldwide aged populace base. Controlled wheelchairs rose as the biggest product section in 2013 attributable to quickly developing business sector infiltration rates.
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In 2013 North America was the biggest consumer of the personal mobility devices market
North America was the biggest consumer of the personal mobility devices market in 2013. rising demand for assistive devices, expanding aged populace, combined with the existence of a modern repayment system working towards lessening the out of pocket uses of patients are central point ascribing to the areas vast share of the overall industry. Europe represented more than 30 percent of the income share in the personal mobility devices market in 2013 and was the second biggest consumer of personal mobility devices in the specified period. Asia-Pacific is foreseen to develop at the quickest CAGR amid the figure time frame.
Some of the major players in the Personal Mobility Devices Market are Invacare, Briggs Healthcare,Carex Health Brand Incorporation, Sunrise Medical, Kaye Products, Nova, TOPRO, Pride Mobility and Patterson Medical. Market players implementing sustainability procedures, for example, expansion of product portfolio, entering into strategic collaborations and mergers & acquisitions are additionally anticipated that would emphasize market development.
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The global personal mobility devicesmarket is segmented as follows –
- Wheel chairs
- Walking aid
- Low cost
- Other walking aids (cranes, crutches & walkers)
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