Personal Mobility Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020-2030

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Personal Mobility Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020-2030

Status : January, 2023 | Medical Devices

Report Digest

Personal Mobility Devices Market: Overview

The rise in target population, coupled with the increasing number of accidents worldwide causig disability are the prime factors boosting the global personal mobility devices market during the forecast period set between 2020 and 2030. Personal mobility devices are assistive devices that ease the transportation of an individual. Versatility helps and gadgets, for example, bolsters, prostheses, tricycles orthoses, wheelchairs, strolling sticks, strolling outlines, are among the basic kinds of assistive advancements used to improve individual portability for individuals with inabilities.

The global personal mobility devices market is categorized on the basis of product and region. In terms of product, the market is grouped into wheelchairs, walking aids, and scooters. Among these, the walking aids segment is further divided into rollator, and others such as walkers, crutches, and canes. The rollator sub-segment is again classified into low-cost rollator and premium rollator. On the other side, the wheelchairs segment is further grouped into powered wheelchair and manual wheelchair.

The report offers an elaborate overview of the global personal mobility devices market and emphasizes on the key boosting and repelling factors, It also focuses on the impact of the novel coronavirus on the market and predicts the future of this market during such as worldwide pandemic. The report also throws light on the table of segmentation, and mentions the names of leading segment with the factors promoting the growth of the particular segment. Furthermore, the report lists the number of companies profiled in the personal mobility devices market and the recent innovations and product launches in the past that have been contributed by the respective vendors.

Personal Mobility Devices Market: Competitive Nature

Vendors are engaged in merger and acquisition, product innovation, and launches and similar strategies to gain a competitive edge in the overall market. Some of the prominent players of the global personal mobility devices market include;

  • Invacare Corporation
  • Drive DeVilbiss Healthcare
  • Stryker Corporation
  • Ottobock
  • Permobil
  • Hill-Rom Holdings, Inc.
  • GF Health Products, Inc.

Personal Mobility Devices Market: Trends and Opportunities

Personal Mobility Devices are essentially clinical gadgets that assist people with actual handicaps or geriatric populace to help in moving starting with one spot then onto the next. These gadgets can be controlled or manual by battery and furthermore can be utilized with different adornments for voyaging and autonomous living. The individual versatility gadgets give autonomy to individual’s inabilities to perform essential exercises. These devices are utilized for cooperation in Paralympics games by the incapacitated competitors, so different models of these gadgets are produced for various games.

Increasing number of cases with disability because of street mishaps, falls, spinal line wounds, meningitis, and work environment is a main consideration contributing in the development of the worldwide individual versatility gadgets market. In addition, item endorsement and item dispatch by vital participants for providing food the buyers request is additionally expected to drive the market development.

Personal Mobility Devices Market: Geographical Insights

Geologically, North America is dominating the market on account of the presence of a large geriatric population, coupled with the availability of latest healthcare facilities and innovation. On the other side the growing inclination towards infrastructural development of healthcare sector in developing nation such as India, the market in Asia Pacific is expected to witness lucrative growth opportunities during the forecast period.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?