Personal Mobility Devices Market highlights investment opportunities for maximum returns

The Latest Comprehensive Industry research study titled, “Personal Mobility Devices Market by Products, Application – Global Industry Analysis and Forecast To 2022” published by Crystal Market Research

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 the 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.

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Key Market Players:

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

The global personal mobility devices market is anticipated by examining three key categories which are walking aid, wheelchairs, and scooters. Wheelchairs are the most frequently utilized personal mobility devices rendering support to the geriatric and disabled population. It enhances the easiness of doing fundamental functions thus, improving the quality of life. The wheelchairs demand is anticipated to grow at a considerable rate over the projected period owing to a rapidly growing geriatric population worldwide. In 2013, powered wheelchairs appear as the major product sub-segment due to rapidly rising market infiltration rates. The walking aids are further split into rollators as well as other walking aids like walkers, canes, and crutches. Premium rollators are projected to achieve popularity in approaching years due to the unique features like oxygen tank holders, laser attachment (Alzheimer’s patient), lockable wheels, extended weight bearing capacity, hemiplegic handles, light frame, larger wheel diameter, pressure brakes, etc. are attached to it.

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Key market players of the global personal mobility devices market are; Argo Medical, Amigo Mobility International, Inc., ArjoHuntleigh, Hill-Rom Holdings, Inc., Graham-Field Health Products Incorporated, Carex Health Brand Incorporation, Invacare, TOPRO, Drive Medical Design & Manufacturing, Electric Mobility, Sunrise Medical, Pride mobility, Briggs Healthcare, Kaye Products, Nova, Eurovema AB, and Patterson Medical. Companies in this market are implementing sustainability strategies like product portfolio expansion, mergers & acquisitions, and entering into strategic collaborations, are further anticipated to boost the market growth.

The global personal mobility devices market is segmented as follows:

By Product

  • Wheel chairs
  • Manual
  • Powered
  • Scooters
  • Walking aid
  • Rollators
    • Premium
    • Low cost
  • Other walking aids (cranes, crutches & walkers)

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