Mexico Personal Mobility Devices Market Size & Outlook
Mexico personal mobility devices market, 2018-2030 (US$M)
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Mexico personal mobility devices market highlights
- The Mexico personal mobility devices market generated a revenue of USD 164.4 million in 2023 and is expected to reach USD 260.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.8% from 2024 to 2030.
- In terms of segment, wheelchairs was the largest revenue generating product in 2023.
- Walking Aids is the most lucrative product segment registering the fastest growth during the forecast period.
Personal mobility devices market data book summary
| Market revenue in 2023 | USD 164.4 million |
| Market revenue in 2030 | USD 260.3 million |
| Growth rate | 6.8% (CAGR from 2023 to 2030) |
| Largest segment | Wheelchairs |
| Fastest growing segment | Walking Aids |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 1.5% of the global personal mobility devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil personal mobility devices market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 260.3 million by 2030.
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Personal Mobility Devices Market Scope
Personal Mobility Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 42.82% in 2023. Horizon Databook has segmented the Mexico personal mobility devices market based on scooters, wheelchairs, walking aids covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico accounts for 23.2% of Latin America personal mobility devices market. Growing geriatric population in the country is attributable for the market growth. For instance, according to the world bank, 7.4% of the population of Mexico was aged 65 or above in 2019.
Rising number of people with disability across the country is also boosting the demand. For instance, over 7.5% population of Mexico suffer from disability. Also, rising cases of accidental injuries can be attributed for the market growth in Mexico. For instance, over 16,000 people are killed in road accidents in Mexico every year.
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Target buyers of Mexico personal mobility devices market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico personal mobility devices market , including forecasts for subscribers. This country databook contains high-level insights into Mexico personal mobility devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico personal mobility devices market size, by product, 2018-2030 (US$M)
Mexico Personal Mobility Devices Market Outlook Share, 2023 & 2030 (US$M)
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