The latest market report published by Credence Research, Inc. “Global Personal Mobility Devices Market – Growth, Future Prospects, Competitive Analysis, and Forecast, 2016 – 2024” the personal mobility devices market was valued at USD 6,564.1 Mn in 2015, and is expected to reach USD 12,864.3 Mn by 2024, expanding at a CAGR of 7.4% from 2016 to 2024.
Browse the full report Personal Mobility Devices Market – Growth, Future Prospects, Competitive Analysis, and Forecast, 2016 – 2024 at http://www.credenceresearch.com/report/personal-mobility-devices-market
the global personal mobility devices market was evaluated around USD 3.60 billion and is expected to reach approximately USD 7.55 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 7.68% over the forecast period owing to the factors like growing geriatric population worldwide, the occurrence rate of target illnesses and encouraging governmental initiatives. With the introduction of technologically sophisticated personal mobility devices like laser enabled rollators and Segway Personal Transporter by TOPRO, personal mobility devices industry are anticipated to witness growth during the next few years. Aging is counted as the highest risk factor impacting personal mobility because of old age is anticipated to intensify the susceptibility of an individual towards emerging target illnesses like osteoporosis and rheumatoid arthritis thus growing the requirement for support through personal mobility devices. People above the age of 60 years are also more prone to be impacted by motion impairing disorders like Dystonia, spasticity (spinal cord injury, cerebral palsy, and multiple sclerosis), and Parkinson’s disease. The advent of encouraging government initiatives like the Older Americans Act and Affordable Care Act in the United States, the formation of China Rehabilitation Research Center (CRRC) and Disability Tax Credit Certificate in Canada are further anticipated to drive the personal mobility devices market growth over the projected period.
Scope of the Report
This report focuses on the Personal Mobility Devices in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. This report covers collaborations in the field along with new product launches, competitive landscape analysis listing out the mergers, acquisitions, comparative financial studies and recent strategic developments in the market by the major companies.…source(stockguru)
- Browse the full report: https://www.credenceresearch.com/report/personal-mobility-devices-market
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