Personal Mobility Devices Market Scope
Personal mobility devices are used to locate and for individual transportation. This device also known as assistive device which provides facility of personnel transportation with mobility limitations. Wide range of mobility devices are available to meet peoples needs. It ranges from canes and crutches to wheelchairs and stair lifts. Technological advancements has created ease, unique personal mobility devices which incorporated with IoT. This devices are easily dissembles for transports. Rising Geriatric population, medical injuries, personal disabilities mainly demand for personal mobility devices which has impacted on the market in positive manner.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Whill, Inc. (United States), Mediva (United States), Ottobock (Germany), Amigo (United States), Personal Mobility (United States), Stryker Corporation (United States), Invacare Corporation (United States), UL LLC (United States), Klaxon Mobility GmbH (Germany), Drive Medical GmbH & Co. KG (Germany), NOVA Medical Products (China), Kaye Products, Inc. (China) and Mobility Aids Sales and Services. (India) |
CAGR | % |
The market of personal mobility devices is expected to grow with rising aged people population. Several companies are operating in the market to provide personal mobility devices with unique features. The market is highly fragmented with the presence of number of market players. They are gaining attention owing to raised demand & with their innovative and novel portfolio.
Whill, Inc. (United States), Mediva (United States), Ottobock (Germany), Amigo (United States), Personal Mobility (United States), Stryker Corporation (United States), Invacare Corporation (United States), UL LLC (United States), Klaxon Mobility GmbH (Germany), Drive Medical GmbH & Co. KG (Germany), NOVA Medical Products (China), Kaye Products, Inc. (China) and Mobility Aids Sales and Services. (India) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Personal Mobility Devices market by Type , by Application (Geriatric People, Bone Injuries, Brain Injury & Stroke, Diabetic Ulcers & Wounds and Others) and Region with country level break-up.
On the basis of geography, the market of Personal Mobility Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
In January 2018, WHILL, Inc. has launched new Model Ci. It is an intelligent, personal electric vehicle (PEV). This model is uniquely designed with driving features like joystick with two powerful motors. Model Ci is easily transported as it can be disassembles into three components. With this launched, Company has presented its innovative portfolio.
Influencing Trend:
Growing Preference for Geriatric Patient Care Centers
Market Growth Drivers:
Growing Geriatric Population, Rising Cases of Bone Injuries and Wounds causes by Diabetic Ulcers demands for Personal Mobility Devices, Increasing Ambulatory Medical Services Leads to demand for Personal Mobility Devices for Medical Emergency and Rising Prevalence of Essential Tremor across United States
Challenges:
Huge Capital Requirement for Manufacturing Setup
Restraints:
High Cost of Several Personal Mobility Devices May Limits its Demand
Opportunities:
Growing Technological Advancements with IoT in Personal Mobility Devices Manufacturing has Created Growth Opportunities and Increasing Healthcare Service Infrastructure across Asia Pacific Region has Created Multiple Growth Opportunities for Market
Key Target Audience
Personal Mobility Devices Manufacturers, Personal Mobility Devices Suppliers/Distributor, Raw Material Suppliers, New Entrants/Investors, Research Laboratory, Strategic Business Planners, Governments and End Use Industry