Global Personal Mobility Devices Market to Grow with a CAGR of ~6% During 2023-2033

Research Nester published a report titled “Personal Mobility Devices Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global personal mobility devices market in terms of market segmentation by product, sales channel, end user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply. Along with detail discussion on current and future market trends that are associate with the growth of the market.

The global personal mobility devices market is anticipat to grow with a CAGR of ~6% during the forecast period, i.e., 2023-2033. The market is segment by end user into hospitals, clinics, care centers, homecare, and others. Out of these, the homecare segment is anticipat to garner the largest revenue by the end of 2033. A growing number of diseases have been identify as being more prevalent in the elderly population. Including arthritis and chronic disabilities which are expect to drive segment growth during the forecast period.  Over 245 million older persons suffer from mild to severe disabilities and 45% of older persons aged 60.

The global personal mobility devices market  to garner revenue of USD 21 Billion by the end of 2033. Rise in incidence of disabilities and chronic illness, a huge base of geriatric population, rise in R&D activities, rise in disposable income, growing number of road accidents worldwide along with a large number of exports of mobility devices are some of the major factors anticipat to drive the growth of the market during the forecast period.

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Geographically, the global personal mobility devices market is segment into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projecte to garner the largest revenue by the end of 2033.  A large number of geriatric patients. A large patient population in the region are expect to drive the personal mobility devices market in the region. Furthermore, the availability of personal mobility devices, improved access to healthcare, an increase in age-related illnesses.  Better reimbursements for hospitals, are factors expect to fuel the regional market during the forecast period.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been cover and displayed in the research report.

Global Personal Mobility Devices Market: Key Insights

Rise In Geriatric Population Worldwide to Drive the Market Growth

As per the data by the World Bank, 747,238,580 people aged 60 or older lived around the world in 2021.

There is a rapid increase in the number of seniors over 65 around the world. As people age, their ability to perform physical tasks decreases. As chronic illness, fear of falling, and difficulty walking increase among the geriatric population. Mobile device usage is expect to increase significantly. As a result, personal mobility devices are expect to be in high demand during the forecast period.

Devices that facilitate human movement or transport are called personal mobility devices (PMD). These devices are propelled by an electric motor, and crafted for use by only one person. Personal mobility devices encompass electric scooters, electric skateboards, and self-balancing one or two-wheeled devices. The common example of personal mobility devices are monorovers/electric unicycles, self-balancing personal transport, electric bicycle & tricycle, hoverboards /electric scooters, and others. Personal mobility devices are the devices that used to carry people suffering from mobility issues or when a person require assistance in stay steady on feet. Many manufacturers are now developing smart products regarding lightweight personal mobility electric vehicles.

Personal mobility device for elderly are comes in the form of canes and walkers and are considered to be excellent solution for weakness, balance problems, lower-body pain, and others. These devices are quite assistive for seniors to maintain a healthy posture. Power mobility devices (PMDs) are most popular mobility devices which comprises power wheelchairs and power operated vehicles. Additionally, walkers, crutches, wheelchairs, and other orthotic devices are also highly used by the disabled people. Currently, electric wheelchairs are being utilized by people since it is based on less sophisticated mechanics and developed for the rougher ride.

However, high production costs and difficulties using personal mobility devices are expecte to operate. The growth of global personal mobility devices market over the forecast period.

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This report also provides the existing competitive scenario of some of the key players of the personal mobility devices market. Which includes company profiling of Drive DeVilbiss Healthcare Ltd, Falcon Mobility Pte. Ltd., Rollz Mobility UK Ltd, GF Health Products, Inc., Invacare Corporation, Carex Health Brands, Inc.,Kaye Products, Inc.,. Medline Industries, Inc., NOVA Medical Products Inc., Performance Health Holding Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services. Key financials and recent news and developments. On the whole, the report depicts detailed overview of the global personal mobility devices market. That will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities. Other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.