According to the latest report by IMARC Group “Personal Mobility Devices Market Research: Global Industry Share, Size, Trends, Growth, Opportunity and Forecast 2022-2027“, The global personal mobility devices market size reached a value of US$ 11.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2027, exhibiting a CAGR of 6.57% during 2022-2027.
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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Market Trends:
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.
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