Personal Mobility Devices Market Future Forecast
2018-2026: Major Players Invacare Corporation,
Pride Mobility Products Corporation
Personal mobility devices include wheelchairs, scooters, bicycles, and unicycles. Most of these
devices are used by disabled people, who have restricted mobility. A personal mobility device is
designed for use by single person. These devices can be manual or powered by battery.
Increasing number of geriatric population is expected to favor growth of the personal mobility
device market. According to data published by National Institute on Aging in 2010, it was
estimated that 524 million people were aged 65 years or older that is 8% of the world's
population and by 2050, it is expected to nearly triple and reach 1.5 billion, representing 16%
of the world's population. This above statistics is expected favor growth of personal mobility
devices market.
Download PDF Brochure Of This Research Report @
https://www.coherentmarketinsights.com/insight/request-pdf/1662
The personal mobility devices market is estimated to be valued at US$ 7,821.2 Mn in 2017 and
is expected to witness a robust CAGR of 7.6% during the forecast period (2017-2025).
Market Dynamics
The global personal mobility devices market is projected to witness significant growth over the
forecast period, owing to advancements in technology. For instance, Japanese startup, Whill’s,
Next Generation Wheelchair received FDA clearance in 2016. FDA clearance allows physicians to
prescribe Model M as a medical device.
Rising number of disability cases along with growing geriatric population is expected to foster
growth of the personal mobility devices market
Rising number of disability cases, due to various factors such as increasing number of road
accidents, spinal cord injuries, meningitis, and workplace injuries are expected to favor demand
for wheelchairs over the forecast period. According to World Health Organization (WHO),
around 10% people among overall disabled people globally, require personal mobility devices
for their daily activities and physical movement.