PERSONAL MOBILITY DEVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2022 to 2030)

A personal mobility device is designed for a single person. Mobility aids are devices designed to help people who have problems moving around enjoy greater freedom and independence. Typically people who have disabilities or injuries, or older adults who are at increased risk of falling, choose to use mobility aids. These devices provide several benefits to users, including more independence, reduced pain, and increased confidence and self-esteem. A range of mobility devices is available to meet people’s needs – from canes and crutches to wheelchairs and stair lifts. Canes are similar to crutches in that they support the body’s weight and help transmit the load from the legs to the upper body. Crutches help to transfer weight from the legs to the upper body. They can be used singly or in pairs. Crutches help keep a person upright and may be used by those with short-term injuries or permanent disabilities. These devices can be manual or powered by battery and also can be used with other accessories for travelling and independent living.

The personal mobility devices are also used for participation in Paralympics sports events by the disabled athletes, so various models of these devices are developed for different games. Any assistive device that facilitates individual human transportation, for examples include powered wheelchairs, scooters, bicycles and unicycles. Although, many such devices are used by people with activity or mobility restrictions, mobility aids can be employed generally, e.g., for urban transportation in place of automobiles. Wheeled and seated mobility devices (WSMDs) are medical devices that are intended to provide mobility and function for persons with restricted or no ability to ambulate without assistance from technology. The wide variety of manual wheelchairs can be divided into two general categories: (1) those intended to be propelled by an assistant, and (2) those intended to be propelled by the user. Within these broad categories are multiple subcategories and many options and combinations. The high-strength lightweight model wheelchair has minimal adjustable features, which commonly include a small range of rear axle adjustment, arm rest positioning, and leg rest length. K0004 wheelchairs are used longer term relative to the standard manual wheelchairs and standard hemi-wheelchairs described above, primarily by people who travel very short distances in indoor environments.

Market Dynamics

Increasing adoption of organic growth strategies by key players in market such as new product launch is expected to drive global personal mobility devices market growth over the forecast period. For instance, in August 2021, Falcon Mobility, distributor for Personal Mobility Aids (PMA) announced the launch of its new Ultra-Lite 2 lightweight power wheelchair. With this launch, the company aims to offer the elderly and disabled a new affordable and lightweight wheelchair option that will make it more convenient for caregivers to transport their wards' personal mobility equipment to and from a vehicle. It features an improved controller that affords users greater adjustability leading to a much smoother ride.

Furthermore, in June 2018, UK WHILL, Biotechnology Company is set to revolutionize the U.K. electronic intelligent personal mobility market with the launch of its new Model C, a personal electric vehicle which will not only transform and push the boundaries of the outdated wheelchair and scooter experience but will change the culture and mindset of personal mobility.

Key features of the study:

• This report provides an in-depth analysis of the global personal mobility devices market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global personal mobility devices market  based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Invacare Corporation, Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Sunrise Medical (US) LLC, Permobil, Acorn Stairlifts Inc., Stannah International, Ottobock Healthcare, R&E Stricker Reha-Entwicklungen GmbH, Triride srl, Klaxon Mobility GmbH, Alber GmbH, Spinergy, Inc., and Yamaha Motor Co., Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global personal mobility devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global personal mobility devices market

Detailed Segmentation:

• Global Personal Mobility Devices Market, By Product Type:
  • Wheelchair
  • Scooters
  • Handbikes
    • Electric handbikes
    • Manual handbikes
    • Hybrid handbikes
  • Walkers
  • Stair-lifts
  • Power Add On Products
  • Others
• Global Personal Mobility Devices Market, By End User:
  • Hospitals & Clinics
  • Ambulatory Surgical Centres
  • Urgent Care Centre
  • Homecare Setting
  • Others
• Global Personal Mobility Devices Market, By Region:
  • North America
    • By Country
      • U.S.
      • Canada
  • Latin America
    • By Country
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Country
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • By Country
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Region/Country
      • South Africa
      • Central Africa
      • North Africa
• Company Profiles
  • Invacare Corporation
    • Company Highlights
    • Products Portfolio
    • Key Highlights
    • Financial Performance
    • Strategies
  • Pride Mobility Products Corporation
  • Drive Devilbiss Healthcare
  • Sunrise Medical (US) LLC
  • Permobil
  • Acorn Stairlifts Inc.
  • Stannah International
  • Ottobock Healthcare
  • R&E Stricker Reha-Entwicklungen GmbH,
  • Triride srl
  • Klaxon Mobility GmbH
  • Alber GmbH, Spinergy, Inc.
  • Yamaha Motor Co., Ltd.

 “*” marked represents similar segmentation in other categories in the respective section.