Global Personal Mobility Devices Market 2024-2028
The personal mobility devices market is forecasted to grow by USD 3.75 bn during 2023-2028, accelerating at a CAGR of 7.68% during the forecast period. The report on the personal mobility devices market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of orthopedic and neurologic disorders, increase in number of product launches, and growing demand for rehabilitation centers.
Technavio's personal mobility devices market is segmented as below:
By End-user
By Product
- Wheelchairs
- Walking aids
- Scooters and others
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the automation of manually operated personal mobility products as one of the prime reasons driving the personal mobility devices market growth during the next few years. Also, integration of robotics and AI in personal mobility devices and increasing demand for customized and personalized mobility devices will lead to sizable demand in the market.
The report on the personal mobility devices market covers the following areas:
- Personal mobility devices market sizing
- Personal mobility devices market forecast
- Personal mobility devices market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading personal mobility devices market vendors that include Comfort Orthopedic Co. Ltd., ComfyGO Inc., GF Health Products Inc., Golden Technologies, Hoveround Corp., Invacare Corp., Karma Medical Products Co. Ltd., LEVO AG, Matsunaga Manufactory Co. Ltd., Medical Depot Inc., MEYRA GROUP, Ottobock SE and Co. KGaA, Permobil AB, Pride Mobility Products Corp., Roma Medical, Sunrise Medical LLC, Tzora Active Systems Ltd., Vermeiren Group, WHILL Inc., and YATTLL Industry Co. Ltd.. Also, the personal mobility devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.