Personal Mobility Devices Market is predicted to reach USD ~27.3 billion at a CAGR of ~6.70%  during the forecast period

Personal Mobility Devices Market is predicted to reach USD ~27.3 billion at a CAGR of ~6.70% during the forecast period

Market Research Future (MRFR) has published  on the “Personal Mobility Devices Market”


Market Highlights


The global personal mobility devices market is accounted to register a CAGR of 6.70% during the forecast period (2023-2032) and is estimated to reach USD 27.3 billion by 2032.


The kind of equipment that enables an individual's transportation is known as a personal mobility device. Among other mobility devices, the list of the mobility device includes walkers, wheel chairs, and rollators. Patient independence and independence for elderly persons who rely on others for transportation are made possible by personal mobility devices.


One of the key elements projected to propel the market growth rate for personal mobility devices is the significant presence of supportive government initiatives. Personal mobility device market expansion is also anticipated to be significantly impacted by consumer spending power, increased R&D, and other factors. While one of the key reasons anticipated to propel the growth of the personal mobility devices market in the aforementioned forecast period is the increase in injuries and traffic accidents.


Segment Analysis


The global personal mobility devices market has been segmented based product and end user.


On the basis of product, the market is segmented into Walking Aids, Wheelchairs and Scooters. The wheelchairs segment was attributed to holding the largest market share in 2022.


Based on end user, the global personal mobility devices market has been segmented into Hospitals, Homecare and Others. The homecare  segment was expected to hold the largest market share in 2022.


Explore In-depth Details: Personal Mobility Devices Market Research Report


Regional Analysis


The global personal mobility devices market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe personal mobility devices market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The personal mobility devices market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World personal mobility devices market comprises of Middle East, Africa, and Latin America.


The largest market share for personal mobility devices was maintained by the North American regional sector. Growing geriatric populations, rising rates of age-related disorders, an enhanced healthcare infrastructure, high healthcare costs, rising disposable incomes, and supportive reimbursement policies are factors that are propelling the market's expansion. The majority of the region's inhabitants are from the United States and Canada.


Moreover, the Europe market has been persistently growing over the forecast period. The regional market will maintain a consistent growth rate throughout the course of the forecast years due to factors such as the rising prevalence of age-related ailments, growing senior population, improved healthcare infrastructure, high healthcare spending, and benevolent reimbursement policies for purchase or rental services. In order to develop clean and environmentally friendly technologies, the European nations have made considerable investments.


Additionally, Significant R&D activities conducted by several organisations, like the China Rehabilitation Research Centre (CRRC), are projected to fuel the regional market. The Asia Pacific market will expand due to rising disposable income levels, rising awareness, high healthcare spending, and government initiatives meant to promote access to healthcare.


Furthermore, the rest of the world's personal mobility devices market is divided into the Middle East, Africa, and Latin America. The availability of technologically advanced mobility-assisting equipment, an ageing population in need of long-term care, and a growth in the demand for home healthcare services are the main causes of this expansion.


MRFR recognizes the following companies as the key players in the global personal mobility devices market— Briggs Healthcare, Carex Health Brands, Inc., Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Medline Industries Inc., Pride Mobility Products Corp., Rollz International, Stryker Corporation, and Sunrise Medical LLC..


Key Findings of the Study



  • The global personal mobility devices market is expected to reach USD 27.3 billion by 2032, at a CAGR of 6.70% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market, as a result of increased disposable income, increased awareness, high healthcare spending, and government programmes designed to provide access to healthcare.

  • Based on product, the wheelchairs segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.

  • Briggs Healthcare, Carex Health Brands, Inc., Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Medline Industries Inc., Pride Mobility Products Corp., Rollz International, Stryker Corporation, and Sunrise Medical LLC.

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