Global Personal Mobility Devices Market Report and Forecast 2023-2031
Global Personal Mobility Devices Market Outlook
The global personal mobility devices market value was USD 8.7 billion in 2022, driven by the increasing prevalence of chronic diseases and disabilities across the globe. The market size is anticipated to grow at a CAGR of 9.6% during the forecast period of 2023-2031 to achieve a value of USD 19.7 billion by 2031.
Personal Mobility Devices: Introduction
Personal mobility devices (PMDs) are designed to provide assistance, independence, and improved quality of life to individuals with mobility impairments. PMDs encompass a wide range of products such as wheelchairs, scooters, canes, crutches, walkers, and rollators. These devices play a crucial role in enhancing mobility and overall well-being for people with disabilities, the elderly, and those recovering from injuries or surgeries.
The global personal mobility devices market has been experiencing significant growth due to factors such as an aging population, an increasing prevalence of chronic diseases and disabilities, and a growing awareness of the benefits of personal mobility devices. Technological advancements have led to the development of innovative PMDs with improved features, comfort, and performance, further driving market growth.
Personal Mobility Devices Market Scenario
The global personal mobility devices market is poised for significant growth as the need for mobility assistance continues to rise. Factors such as an aging global population, increased prevalence of chronic diseases and disabilities, and technological advancements contribute to the market's expansion. The market is characterized by regional dynamics shaped by healthcare infrastructure, government support, and investment in research and development. However, challenges such as affordability and access to PMDs in low- and middle-income countries, as well as regulatory hurdles, may impact market growth.
North America: The largest market for PMDs, driven by factors such as advanced healthcare infrastructure, a growing aging population, and high adoption rates of advanced PMD technologies.
Europe: The second-largest market, with increasing demand for PMDs due to a growing elderly population, government support, and an expanding healthcare sector.
Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly growing population, increasing prevalence of chronic diseases and disabilities, and growing investments in healthcare infrastructure and research.
Personal Mobility Devices Market Segmentations
Market Breakup by Product
- Wheelchairs
- Manual wheelchairs
- Powered Wheelchairs
- Scooters
- Boot Scooters
- Mid-size Scooters
- Road Scooters
- Canes
- Folding Canes
- Quad Canes
- Offset Canes
- Crutches
- Axillary Crutches
- Elbow Crutches
- Forearm Crutches
- Walkers
- Standard Walkers
- Knee Walkers
- Rollators
- Medical Furniture & Bathroom Safety Products
- Patients Lifts
1. Manual Lifts
2. Power Lifts
3. Stand up Lifts
4. Heavy Duty Lifts
5. Overhead Track Lifts
- Stair Lifts
- Indoor Stair Lifts
- Outdoor Stair Lifts
- Medical Beds
- Electrical Beds
- Manual Beds
- Bars & Railings
- Commodes and Shower Chairs
- Others
- Others
Market Breakup by End User
- Hospitals and Clinics
- Long Term Care Centers
- Households
- Home Care Settings
- Ambulatory Surgical Centers
- Urgent Care Center
- Others
Market Breakup by Distribution Channel
- Wholesalers/Distributors
- Online Retailers
- Multi-brand Stores
- Specialty Stores
- Others
Market Breakup by Region
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Others
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
- Latin America
- Brazil
- Argentina
- Mexico
- Others
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Trends in the Personal Mobility Devices Market
Some key trends of the market are as follows:
- Growing ageing population: The worldwide population of individuals aged 60 and above is projected to double by 2050, increasing the demand for PMDs to support their mobility needs.
- Technological advancements: Innovations in PMDs, such as lightweight materials, advanced electronics, and improved designs, are driving the adoption of these devices.
- Increased focus on independent living: There is a growing emphasis on enabling independent living for people with disabilities and the elderly, resulting in increased demand for PMDs.
Personal Mobility: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Invacare Corporation
- GF HEALTH PRODUCTS, INC.
- Stryker, Pride Mobility Products Corp.
- Hill-Room Services, Inc.
- Compass Health Brands
- Klaxon Mobility GmbH
- Sunrise Medical
- Briggs Healthcare
- OTTOBOCK
- Topro
- Erovema Mobility AB
- Carex Health Brands
- Kaye Products, INC.
- Medline Industries, Inc.
- NOVA Medical Products
- Performance Health
- TRIRIDE
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