Personal Mobility Devices Market to Surpass US$ 14,020.3 Million by 2025

Published On : May 22, 2018

Global Personal Mobility Devices Market, by Product Type (Wheelchair, Scooters, Canes, Crutches, Walkers, Stair-lifts, and Others), By End User (Hospital & Clinics, Ambulatory Surgical Centers, Urgent Care Center, Home Care Setting, and Others), and By Region (North America, Europe, Latin America, Middle East, Asia Pacific, Africa) is estimated to be valued at US$ 7,821.2 million in 2017 and is projected to exhibit a CAGR of 7.6% over the forecast period (2017 - 2025) as highlighted in a new report published by Coherent Market Insights. Technological advancement in the personal mobility devices by market players coupled with rising initiatives by government are the major factors driving growth of the global personal mobility devices market over the forecast period.

Personal mobility devices are used for mobility purpose by patients suffering from disability. Therefore, with increasing prevalence of disability demand for personal mobility devices is increasing. To cater to the increasing demand, manufactures are focusing on new product launches. For instance, in 2017, Invacare Corporation launched its latest TDX SP2 Power Wheelchair with LiNX Technology, which aids providers and therapists to fine-tune the wheelchair’s speed, torque, and veer in real time using a smartphone, tablet, or PC. Furthermore, in August 2017, Invacare Corporation launched its new MyLiNX mobile application that was designed for easier usage of the power wheelchair.

Furthermore, Japanese startup Whill’s, Next Generation Wheelchair received FDA clearance in 2016. FDA clearance allows physicians to prescribe Model M as a medical device.

In March 2018, Permobil AB launched its My Permobil consumer app. This new app connects with wheelchair and enables the user to view critical information about their chair's status such as battery charge and travel distance.

Browse 25 Market Data Tables and 31 Figures spread through 179 Pages and in-depth TOC on " Personal Mobility Devices Market, By Product Type (Wheelchair, Scooters, Canes, Crutches, Walkers, Stair-lifts and Others), By End User (Hospital & Clinics, Ambulatory Surgical Centers, Urgent Care Center, Home Care Setting, and Others), and By Region (North America, Europe, Latin America, Middle East, Asia Pacific, Africa) - Global Forecast to 2025"

To know the latest trends and insights related to Personal Mobility Devices market, click the link below:

https://www.coherentmarketinsights.com/market-insight/personal-mobility-devices-market-1662

Moreover, governments of various countries are focusing on initiatives to create awareness regarding personal mobility devices. For instance, in August 2015, The Government of India has taken initiative to transform 5,000 public places in India to be disabled friendly by July 2019. Places include all airports, major railway stations, and 4,000 key buildings, which in turn is expected to favor growth of the personal mobility devices market.

Key takeaways of the Personal Mobility Devices Market:

  • The global personal mobility devices market is expected to expand at a CAGR of 7.6% during the forecast period (2017–2025), owing to increasing prevalence of disability among geriatric population. For instance, in November 2017, World Health Organization (WHO) reveals the fact that around 10% of the disabled people across the globe require wheelchair for their daily activities.
  • Wheelchair segment is expected to hold a major market share in product type in 2017. This is due to technical advancements and innovations by manufacturers in wheelchairs such as integrating latest technology with the chair to connect to personal devices such as mobile phones and others.
  • Based on end user, hospitals and Clinics are expected to dominate the personal mobility device market in 2017, due to the major usage of advanced personal mobility devices for handling the rising number of patients in hospitals.
  • Some of the major players operating in global personal mobility devices market are Invacare Corporation, Pride Mobility Products Corporation, Drive Devilbiss Healthcare, Sunrise Medical (US) LLC, Permobil, Stannah International, Acorn Stairlifts Inc., and Ottobock Healthcare.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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