Latin America Personal Mobility Devices Market Size & Outlook
Latin America personal mobility devices market, 2018-2030 (US$M)
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Latin America personal mobility devices market highlights
- The Latin America personal mobility devices market generated a revenue of USD 842.4 million in 2023.
- The market is expected to grow at a CAGR of 6.1% from 2024 to 2030.
- In terms of segment, wheelchairs was the largest revenue generating product in 2023.
- Wheelchairs is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 842.4 million |
| Market revenue in 2030 | USD 1,276.1 million |
| Growth rate | 6.1% (CAGR from 2023 to 2030) |
| Largest segment | Wheelchairs |
| Fastest growing segment | Wheelchairs |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Scooters, Wheelchairs, Walking Aids |
| Key market players worldwide | Drive DeVilbiss Healthcare France, Graham Holdings Co, Graham - Field Health Products, Invacare, Carex Health Brands, Briggs Healthcare Corp., Medline Industries, Performance Health |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.4% of the global personal mobility devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,062.0 million by 2030.
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Personal Mobility Devices Market Scope
Personal Mobility Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America personal mobility devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to personal mobility devices market will help companies and investors design strategic landscapes.
Wheelchairs was the largest segment with a revenue share of 44.08% in 2023. Horizon Databook has segmented the Latin America personal mobility devices market based on scooters, wheelchairs, walking aids covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America holds a minor share of 7.8% in 2020 of global personal mobility devices market. However, the region is expected to exhibit considerable growth owing to its proximity to the U.S. Presence of DME rental players and rising investments in R&D are among factors expected to drive growth of DME Rental market in the region.
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Our clientele includes a mix of personal mobility devices market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America personal mobility devices market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America personal mobility devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America personal mobility devices market size, by country, 2018-2030 (US$M)
Latin America Personal Mobility Devices Market Outlook Share, 2023 & 2030 (US$M)
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