Personal Mobility Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The growth of the personal mobility devices market is driven due to the factors such as increase in the number of individuals who have temporary medical problems, advanced mobility devices which have features which includes devices powered by batteries, fuel, or other engines designed solely for use by individuals. The advancement in the technology has opened up the opportunities for the players to introduce more mobility devices for the growth of personal mobility devices. For instance, TOPRO has a product known Segway's Personal Transporter, specially designed for the Alzheimer's patients.
The "Global Personal Mobility Devices Market Analysis to 2028" is a specialized and in-depth study of the personal mobility devices industry with a focus on the global market trend. The report aims to provide an overview of global personal mobility devices market with detailed market segmentation by product, and geography. The global personal mobility devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The personal mobility devices market is segmented based on products as wheel chairs, mobility scooter, walkers, rollators, and others. The other segment includes canes and crutches.
The report provides a detailed overview on the industry including both qualitative and quantitative information. It provides overview and forecast of the global personal mobility devices market based on product. It also provides market size and forecast till 2028 for overall personal mobility devices market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
North America is anticipated to dominate the personal mobility devices market followed by Europe in the global scenario. Asia Pacific market is expected to be the fastest growing market for the personal mobility devices owing to the factors such as rising geriatric population, rise in the cases of limbs dysfunctions and disorders. In, addition, to the above mention factors the increase in the use of the mobility devices for damages or the loss of the limbs. The advance technology has enabled the users to use mobility devices with more features. Thus, owing to these factors the market is likely to propel in the coming future.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
The report also includes the profiles of key personal mobility devices manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Carex Health Brands, Mobility+Designed, LLC, WHILL Inc., Pride Mobility Products Corp., Invacare Corporation., Mobility Freedom, Inc., Sunrise Medical (US) LLC, Performance Health, Rollz International, and Kaye Products, Inc.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance
2 Key Takeaways
3 Personal Mobility Devices Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Personal Mobility Devices Market – By Product
3.2.2 Personal Mobility Devices Market – By Region
3.3 PEST Analysis
3.3.1 US – PEST Analysis
3.3.2 Europe – PEST Analysis
3.3.3 Asia Pacific – PEST Analysis
3.3.4 Middle East and Africa – PEST Analysis
3.3.5 South and Central America – PEST Analysis
4 Personal Mobility Devices Market – Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 Personal Mobility Devices Market - Global Analysis
5.1 Global Personal Mobility Devices Market Overview
5.2 Global Personal Mobility Devices Market Revenue Forecasts and Analysis (US$ Mn)
5.3 Market Positioning/Market Share
5.4 Performance of Key Players
5.5 Clinical Trial Analysis
5.6 Expert Opinions
6 Personal Mobility Devices Market Revenue and Forecasts to 2028 – Product (US$ Mn)
6.1 Overview
6.2 Product Market Forecasts and Analysis
6.3 Wheel Chairs Market
6.3.1 Overview
6.3.2 Wheel Chairs Market Revenue Forecasts and Analysis (US$ Mn)
6.4 Mobility Scooter Market
6.4.1 Overview
6.4.2 Mobility Scooter Market Revenue Forecasts and Analysis (US$ Mn)
6.5 Walkers Market
6.5.1 Overview
6.5.2 Walkers Market Revenue Forecasts and Analysis (US$ Mn)
6.6 Rollators Market
6.6.1 Overview
6.6.2 Rollators Market Revenue Forecasts and Analysis (US$ Mn)
6.7 Others (Crutches & Canes) Market
6.7.1 Overview
6.7.2 Others (Crutches & Canes) Market Revenue Forecasts and Analysis (US$ Mn)
7 North America Personal Mobility Devices Market Revenue and Forecasts to 2028 – Country Analysis
7.1 North America Personal Mobility Devices Market Overview
7.2 North America Personal Mobility Devices Market Revenue Forecasts and Analysis (US$ Mn)
7.3 North America Market Forecasts and Analysis – By Product (US$ Mn)
7.4 North America Market Forecasts and Analysis – By Country
7.5 US Market Overview
7.5.1 US Market Forecasts and Analysis – By Product (US$ Mn)
7.6 Canada Market Overview
7.6.1 Canada Market Forecasts and Analysis – By Product (US$ Mn)
7.7 Mexico Market Overview
7.7.1 Mexico Market Forecasts and Analysis – By Product (US$ Mn)
8 Europe Personal Mobility Devices Market Revenue and Forecasts to 2028 – Country Analysis
8.1 Europe Personal Mobility Devices Market Overview
8.2 Europe Personal Mobility Devices Market Revenue Forecasts and Analysis (US$ Mn)
8.3 Europe Market Forecasts and Analysis – By Product (US$ Mn)
8.4 Europe Market Forecasts and Analysis – By Country
8.5 UK Market Overview
8.5.1 UK Market Forecasts and Analysis – By Product (US$ Mn)
8.6 Germany Market Overview
8.6.1 Germany Market Forecasts and Analysis – By Product (US$ Mn)
8.7 France Market Overview
8.7.1 France Market Forecasts and Analysis – By Product (US$ Mn)
9 Asia Pacific Personal Mobility Devices Market Revenue and Forecasts to 2028 – Country Analysis
9.1 Asia Pacific Personal Mobility Devices Market Overview
9.2 Asia Pacific Personal Mobility Devices Market Revenue Forecasts and Analysis (US$ Mn)
9.3 Asia Pacific Market Forecasts and Analysis – By Product (US$ Mn)
9.4 Asia Pacific Market Forecasts and Analysis – By Country
9.5 Japan Market Overview
9.5.1 Japan Market Forecasts and Analysis – By Product (US$ Mn)
9.6 China Market Overview
9.6.1 China Market Forecasts and Analysis – By Product (US$ Mn)
9.7 India Market Overview
9.7.1 India Market Forecasts and Analysis – By Product (US$ Mn)
10 Middle East & Africa Personal Mobility Devices Market Revenue and Forecasts to 2028 – Country Analysis
10.1 Middle East & Africa Personal Mobility Devices Market Overview
10.2 Middle East & Africa Personal Mobility Devices Market Revenue Forecasts and Analysis (US$ Mn)
10.3 Middle East & Africa Market Forecasts and Analysis – By Product (US$ Mn)
10.4 Middle East & Africa Market Forecasts and Analysis – By Country
10.5 South Africa Market Overview
10.5.1 South Africa Market Forecasts and Analysis – By Product (US$ Mn)
10.6 Saudi Arabia Market Overview
10.6.1 Saudi Arabia Market Forecasts and Analysis – By Product (US$ Mn)
10.7 UAE Market Overview
10.7.1 UAE Market Forecasts and Analysis – By Product (US$ Mn)
11 South and Central America Personal Mobility Devices Market Revenue and Forecasts to 2028 – Country Analysis
11.1 South and Central America Personal Mobility Devices Market Overview
11.2 South and Central America Personal Mobility Devices Market Revenue Forecasts and Analysis (US$ Mn)
11.3 South and Central America Market Forecasts and Analysis – By Product (US$ Mn)
11.4 South and Central America Market Forecasts and Analysis – By Country
11.5 Brazil Market Overview
11.5.1 Brazil Market Forecasts and Analysis – By Product (US$ Mn)
12 Industry Landscape
12.1 Organic Growth Strategies
12.1.1 New Product Launches
12.1.2 Marketing & Promotional Activities
12.2 Inorganic Growth Strategies
12.2.1 Partnerships, Collaborations, and Joint Ventures
12.2.2 Mergers & Acquisitions
13 Personal Mobility Devices Market, Key Company Profiles
13.1 Mobility+Designed, LLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Financial Overview
13.1.4 Product Portfolio
13.1.5 Product Pipeline
13.1.6 SWOT Analysis
13.1.7 Key Developments
13.2 Carex Health Brands
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Financial Overview
13.2.4 Product Portfolio
13.2.5 Product Pipeline
13.2.6 SWOT Analysis
13.2.7 Key Developments
13.3 WHILL Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Financial Overview
13.3.4 Product Portfolio
13.3.5 Product Pipeline
13.3.6 SWOT Analysis
13.3.7 Key Developments
13.4 Pride Mobility Products Corp.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Financial Overview
13.4.4 Product Portfolio
13.4.5 Product Pipeline
13.4.6 SWOT Analysis
13.4.7 Key Developments
13.5 Invacare Corporation.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Financial Overview
13.5.4 Product Portfolio
13.5.5 Product Pipeline
13.5.6 SWOT Analysis
13.5.7 Key Developments
13.6 Mobility Freedom, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Financial Overview
13.6.4 Product Portfolio
13.6.5 Product Pipeline
13.6.6 SWOT Analysis
13.6.7 Key Developments
13.7 Sunrise Medical (US) LLC
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Financial Overview
13.7.4 Product Portfolio
13.7.5 Product Pipeline
13.7.6 SWOT Analysis
13.7.7 Key Developments
13.8 Performance Health
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Financial Overview
13.8.4 Product Portfolio
13.8.5 Product Pipeline
13.8.6 SWOT Analysis
13.8.7 Key Developments
13.9 Rollz International
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Financial Overview
13.9.4 Product Portfolio
13.9.5 Product Pipeline
13.9.6 SWOT Analysis
13.9.7 Key Developments
13.10 Kaye Products, Inc.
13.10.1Key Facts
13.10.2Business Description
13.10.3Financial Overview
13.10.4Product Portfolio
13.10.5Product Pipeline
13.10.6SWOT Analysis
13.10.7Key Developments
14 Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
14.3 Research Methodology
1. Carex Health Brands
2. Mobility+Designed, LLC
3. WHILL Inc.
4. Pride Mobility Products Corp.
5. Invacare Corporation.
6. Mobility Freedom, Inc.
7. Sunrise Medical (US) LLC
8. Performance Health
9. Rollz International
10. Kaye Products, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.