Personal Mobility Devices Market to Grow at 7% CAGR by 2026 | IMARC Group
According to the latest report by IMARC Group “Personal Mobility Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global personal mobility devices market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.
A personal mobility device (PMD) refers to assistive equipment that facilitates transportation amongst individuals with mobility issues due to disabilities or age. Some of the commonly used instruments include motorized wheelchairs, canes, walkers, crutches, and electric scooters. PMD can be used both indoors and outdoors. The indoor devices conserve energy as they are smaller in size. On the other hand, outdoor models deliver more speed, power, and can operate for longer durations.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The multiple incidents of road accidents and injuries that lead to neurological conditions and physical disabilities aremajorly driving the global PMD market growth. Additionally, the rising geriatric population that is more susceptible to develop various medical ailments, such as Alzheimer’s, Parkinson’s, arthritis and osteoporosis, is further contributing to the market growth. Moreover, manufacturers are introducing advanced product variants that are integrated with laser-enabled rollators, light frames, pressure brakes, oxygen tank holders, and extended weight-bearing capacity, which is positively influencing the market growth.
Breakup by Product:
- Walking Aids
Breakup by End Use:
- Hospitals and Clinics
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Carex Health Brands Inc. (Compass Health Brands Corp.)
- Drive Medical Inc
- GF Health Products Inc.
- Invacare Corporation
- Kaye Products Inc.
- Medline Industries Inc.
- Performance Health Supply Inc. (Patterson Medical)
- Pride Mobility Products Corp.
- Rollz International
- Stryker Corporation
- Sunrise Medical (US) LLC.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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