Personal Mobility Devices Market Size & Share | Industry Report, 2022

LAS VEGAS, Nov. 22, 2017 (GLOBE NEWSWIRE) -- In 2012, the global personal mobility devices market was evaluated around USD 3.60 billion and is expected to reach approximately USD 7.55 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 7.68% over the forecast period owing to the factors like growing geriatric population worldwide, the occurrence rate of target illnesses and encouraging governmental initiatives. With the introduction of technologically sophisticated personal mobility devices like laser enabled rollators and Segway Personal Transporter by TOPRO, personal mobility devices industry are anticipated to witness growth during the next few years. Aging is counted as the highest risk factor impacting personal mobility because of old age is anticipated to intensify the susceptibility of an individual towards emerging target illnesses like osteoporosis and rheumatoid arthritis thus growing the requirement for support through personal mobility devices.  People above the age of 60 years are also more prone to be impacted by motion impairing disorders like Dystonia, spasticity (spinal cord injury, cerebral palsy, and multiple sclerosis), and Parkinson’s disease. The advent of encouraging government initiatives like the Older Americans Act and Affordable Care Act in the United States, the formation of China Rehabilitation Research Center (CRRC) and Disability Tax Credit Certificate in Canada are further anticipated to drive the personal mobility devices market growth over the projected period.

Scope of the Report
This report focuses on the Personal Mobility Devices in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. This report covers collaborations in the field along with new product launches, competitive landscape analysis listing out the mergers, acquisitions, comparative financial studies and recent strategic developments in the market by the major companies.

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The report Personal Mobility Devices Market render a wide-ranging analysis of the said market in terms of product, regional, application and end user segmentation. The report comprises of the present market size of this industry. Also, the potential outlooks and current market summary of this segment has been thoroughly analyzed in this report. Moreover, chief market players of the Personal Mobility Devices Market are studied on various factors like product portfolio, company profile, sales analysis, revenue generation through the forecast period.

Major Market Players

  • Argo Medical
  • Amigo Mobility International Inc.
  • ArjoHuntleigh
  • Hill-Rom Holdings Inc.
  • Graham-Field Health Products Incorporated
  • Carex Health Brand Incorporation
  • Invacare
  • Drive Medical Design & Manufacturing
  • Electric Mobility
  • Sunrise Medical
  • Pride mobility
  • Briggs Healthcare
  • Kaye Products
  • Nova
  • Eurovema AB
  • Patterson Medical

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Table of Contents

  1. Introduction
    1.1. Report Description
    1.2. Research Methodology
          1.2.1. Secondary Research
          1.2.2. Primary Research
  2. Executive Summary
    2.1. Key Highlights
  3. Market Overview
    3.1. Introduction
           3.1.1. Market Definition
           3.1.2. Market Segmentation
    3.2. Market Dynamics
           3.2.1. Drivers
            Increasing geriatric population
            Increasing incidences of rheumatoid arthritis and osteoporosis
            Existence of supportive government initiatives
          3.2.2.  Restraints
           High procuring and maintenance cost
          3.2.3. Opportunities
           Technological Advancement in Development of Advanced Mobility Devices
  4. Personal Mobility Devices Market, By Application
  5. Personal Mobility Devices Market, By Region
  6. Company Profiles

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Efficiency of this Report

The report Personal Mobility Devices Market by Manufacturers focuses on fundamental segments of this sector. This report consists of Segment wise in-depth analysis in terms of product, application and end user along with market size forecasts and estimations to perceive significant areas of industry growth in detail. Additionally, an executive summary, condensing the entire report in such a way that decision-making team can swiftly become familiar with background information, summarizing analysis and main conclusions.

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