Personal Mobility Devices Market Pegged for Robust Expansion by 2024

1. Personal Mobility Devices Market Outlook 2031 The global personal mobility devices market was valued at US$ 10.4 Bn in 2021 The global market is projected to grow at a CAGR of 7.1% from 2022 to 2031 The global personal mobility devices market is anticipated to cross US$ 20.5 Bn by the end of 2031 Analysts’ Viewpoint on Global Personal Mobility Devices Market Scenario Development of advanced product, rise in road traffic accidents leading to disabilities, surge in geriatric population, and high number of cases of chronic diseases across the globe are key factors contributing significantly to the growth of the global personal mobility devices market. Moreover, rise in prevalence of chronic illnesses such as cerebral palsy, muscular dystrophy, and arthritis among all age groups is projected to drive the demand for highly advanced mobility aid devices. In countries such as Cuba, Costa Rica, Indonesia, Mozambique, Guyana, South Africa, and the Philippines, provision of personal mobility devices is an important part of healthcare, and these are provided by the Ministry of Health. In some countries such as Ethiopia, Eritrea, Vietnam, and India, the Ministry of Social Welfare takes responsibility for the provision of mobility devices. These countries are expected to offer growth opportunities in the personal mobility devices market in the near future as well. Request a Sample of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=6715 Global Personal Mobility Devices Market Introduction Personal mobility device is any assistive device, which includes scooters, powered wheelchairs, patient lifts, and stair lifts that help people with locomotive disabilities. These devices offer significant benefits by increasing people’s mobility, along with substituting for automobile travel. Mobility devices are provided by a number of stakeholders such as international agencies, governments authorities, private sector, and nongovernmental organizations. Furthermore, the wheelchairs segment accounts for key share of the personal mobility devices industry, which primarily focuses on high-income markets and is significantly fragmented. The four largest manufacturers, including Sunrise Medical, Ottobock, Invacare, and Permobil, control less than 50% of the global mobility market. Request a PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=6715 Increase in Incidence Rate of Road Accident Injuries to Boost Demand for Personal Mobility Devices Several factors, including rising population, growing number of vehicles, roads defects, and poor infrastructure affect the number of road crashes and severe injuries. A report published by

2. the World Health Organization (WHO) stated that road traffic crashes cause non-fatal injuries to 20 million to 50 million people across the globe each year. According to Centers for Disease Control and Prevention (CDC) estimates, non-fatal injuries and fatal injuries will cost the global economy around US$ 1.8 Trn (in 2010) from 2015 to 2030. Hence, the demand for personal mobility devices is expected to increase significantly during the forecast period. Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=6715 Rise in Geriatric Population Globally to Drive Product Demand The geriatric population (over 65 years) is increasing at a high rate across the world. The capability to do physical chores reduces with age. The percentage of geriatric population utilizing mobile devices is likely to increase, primarily due to the fear of falling. This is likely to fuel the demand for personal mobility devices over the next few years. According to a research conducted by the WHO, between 2015 and 2050, the proportion of the global population above 60 years will nearly double from 12% to 22%. Moreover, around 80% of elderly people will be living in low- and middle-income countries by 2050. Enquiry before Buying Personal Mobility Devices Market Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=6715 The scope of global personal mobility devices market growth is likely to increase by advancements in assistive devices or mobility aids, including crutches, canes, and wheelchairs, to improve mobility in elderly people. For instance, in August 2021, Falcon Mobility Singapore, Singapore's prominent distributor for Personal Mobility Aids (PMA) announced the official launch of its lightweight and advanced Ultra-Lite 2 electric wheelchair. With this product launch, Falcon Mobility aims to offer the elderly as well as disabled people with a new, convenient, and cost-effective wheelchair option. More Trending Reports by Transparency Market Research: Cleanroom Consumables Market- https://www.transparencymarketresearch.com/cleanroom- consumables-market.html Cardiovascular Proximal Anastomosis Devices Market- https://www.transparencymarketresearch.com/cardiovascular-proximal-anastomosis-devices- market.html Surgical Kits Market- https://www.transparencymarketresearch.com/surgical-kits-market.html Sterile Vials Market- https://www.transparencymarketresearch.com/sterile-vials-market.html

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