This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the personal mobility devices industry. The report analyzes and declares the historical and current trends analysis of the personal mobility devices industry and subsequently recommends the projected trends anticipated to be observed in the personal mobility devices market during the upcoming years.
The personal mobility devices market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire personal mobility devices market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD 9,400 Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the personal mobility devices industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the personal mobility devices industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the personal mobility devices market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the personal mobility devices industry. The personal mobility devices market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the personal mobility devices sector. Key strategic developments in the personal mobility devices market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the personal mobility devices market are appropriately highlighted in the report.
The individual mobility gadgets market is anticipated to develop with healthy CAGR over the figure time frame. The main consideration crediting to the development of the market is the developing number of inability cases, because of the rising aging populace, expanding a number of street accidents, spinal line wounds and meningitis are the significant factors prone to help the development of the worldwide individual portability gadgets market. According to World Population Prospects, by the United Nations, the quantity of individuals matured 60 or above is relied upon to become more prominent than twofold by 2050. This age group is exceptionally powerless against various kinds of infections, that require individual portability help. Besides, expanding innovative work projects to address the issues and for product improvement by the key players driving the development of the market. Moreover, the lack of awareness about individual portability gadgets, and less access to rehabilitation centers are hampering the development of the market
The market is segmented into type, end-user, and region. The type segment market is divided into wheelchair, walkers, stair-lifts, scooters, power add on products, handbikes, and others. Because of innovative improvements in the field of innovation and expanded utilization of information for precise and quicker preparation of cases, the wheelchair represented the biggest portion of the worldwide market. The wheelchair is primarily driven by its increasing popularity amongst patients and demand for regulatory operations. In light of end-user, the market is fragmented into urgent care centers, hospitals & clinics, home care settings, ambulatory surgical centers, and others. The hospitals & clinics represented the biggest portion of the worldwide market in 2019 and are expected to dominate the market over the time frame.
Some of the essential players operating in the market include TOPRO, Sunrise Medical, Pride Mobility, Patterson Medical, Nova, Invacare, Kaye Products, Graham-Field Health Products Incorporation, Eurovema AB, Electric Mobility, Drive Medical Design & Manufacturing, Carex Health Brand Incorporation, and Briggs Healthca.
Key Insights from Primary Research
Key Recommendations from Analysts
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