The Personal Mobility Devices Market Size was valued at USD 15.2 billion in 2022 and is projected to grow from USD 16.2 billion in 2023 to USD 27.3 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.70% during the forecast period (2023 - 2032). The senior population rise, cases of osteoporosis and rheumatoid arthritis, and other market drivers are projected to propel the market's expansion of personal mobility devices over the next years.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The number of people over 65 considered geriatrics is rising rapidly worldwide. With aging, one's ability to perform physical tasks declines. The number of older adults using mobile devices will probably rise, mostly because of their fear of falling. Over the following few years, this is projected to increase demand for personal mobility devices. According to data from the WHO, the percentage of the world's population over 60 years old will nearly double from 12% to 22% between 2015 and 2050. By 2050, 80% of the world's senior population will reside in low- and middle-income nations. Furthermore, through improvements in mobility aids like crutches, canes, and wheelchairs to improve senior people's movement, the scope of the Personal Mobility Devices Market growth is projected to expand. For instance, the ultra-lightweight and cutting-edge Ultra-Lite 2 electric wheelchair was officially launched in August 2021 by Falcon Mobility Singapore, a well-known distributor of Personal Mobility Aids (PMA) in Singapore. Falcon Mobility wants to provide a fresh, practical, and affordable wheelchair option to the elderly and disabled with the introduction of this product.
Over the projection period, the market is anticipated to rise due to increased product development and attention to problems faced by key companies and wheelchair users. For instance, Brisbane-based smart electric car and urban transport company e-Motion Concepts stated in November 2020 that it will establish a new business unit focusing on the market for personal mobility devices in urban settings. Additionally, in November 2021, Sunrise Medical LLC, a business that develops and produces mobility goods, announced the release of its new ZIPPIE Sphynx, a portable wheelchair that can, depending on the client's demands, fit inside the trunk of a small car. Few major businesses dominate the market, which is consolidating. Thus, driving the personal mobility devices market revenue.
The Market segments of Personal Mobility Devices, based on product includes walking aids, wheelchairs and scooters. The wheelchairs segment dominated the market due to improvements and the device's ongoing evolution in terms of design and functions. Manufacturers worldwide are working to create revolutionary wheelchair designs, including versions with shifting weight capabilities to improve comfort and dependability and sturdy wheels to increase maneuverability. Additionally, by enabling the movement of chairs with electric buttons, the development of electric wheelchairs has substantially lessened the strain on patients.
The Personal Mobility Devices Market segmentation, based on end user, includes hospitals, homecare and others. The homecare category generated the most income due to an increase in arthritis cases and long-term impairments among the elderly population. This age group needs mobility aids at home since they are less mobile. As a result, the older population will increasingly embrace personal mobility devices in the near future, driving the expansion of the end user sector.
Figure 1: Personal Mobility Devices Market, by End User, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American personal mobility devices market area will dominate this market. This is primarily due to the substantial patient population in the area. For instance, an estimated 25.5 million Americans have disabilities that make traveling outside their homes problematic, according to data released by the Bureau of Transportation Statistics, US Department of Transportation.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: PERSONAL MOBILITY DEVICES MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Europe Personal mobility devices Market is expected to grow at the fastest CAGR from 2023 to 2032. The presence of improved healthcare infrastructure, an increasing geriatric population, an increase in the prevalence of age-related diseases, high healthcare spending, and favorable reimbursement policies for purchase or rental services will all contribute to the regional market expanding steadily during the forecast years. Further, the German market of personal mobility devices held the largest market share, and the UK market of personal mobility devices was the fastest growing market in the European region
Asia Pacific personal mobility devices market accounts for the second-largest market share due to several causes, including a general increase in the number of older adults (most notably in East Asian nations like China and Japan), growing knowledge of personal mobility devices, an increase in the number of occurrences of limb dysfunction and disorders, and better access to healthcare. Moreover, China’s market of personal mobility devices held the largest market share, and the Indian market of personal mobility devices was the fastest growing market in the Asia-Pacific region.
Personal Mobility Devices Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the personal mobility devices market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, personal mobility devices industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global personal mobility devices industry to benefit clients and increase the market sector. In recent years, the personal mobility devices industry has offered some of the most significant advantages. Major players in the personal mobility devices market are attempting to increase market demand by investing in research and development operations are 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..
Founded in the Netherlands, Rollz International. The group of passionate designers and ergonomics experts creates cutting-edge mobility devices. Its goal is to enable people to live their lives to the fullest, despite diminished mobility. The Netherlands, Belgium, France, Germany, Sweden, Norway, the United Kingdom, Canada, Italy, Spain,the United States, New Zealand, and Japan all have active distribution networks. Leading international awards, like the Red Dot and iF Design Award 2012, recognised the Rollz Motion's creative and fashionable design on multiple occasions. In June 2021, the new Rollz Flex 2 rollator from Rollz International offers the user improved comfort, stability, and design. One of the company's most inventive inventions is this rollator.
The Invacare Corporation produces and sells medical supplies to non-acute care customers all over the world. The business sells its goods to institutional, mass-retail, and home care consumers. Respiratory equipment, home care beds, diabetes supplies, nursing home furniture, and manual and powered wheelchairs are among the products offered by Invacare. In March 2021, the e-motion (M25), the next generation of power assist devices from Invacare Corporation and its affiliate Alber USA, LLC, was introduced. The Alber e-motion power assist for manual wheelchairs uses a wheel with a strong in-hub motor and lithium ion batteries to be triggered by pushing on the rim. The e-motion (M25) is an improvement of the e-motion (M15), a market-leading product available since 2008.
Key Companies in the market of personal mobility devices include
Personal Mobility Devices Industry Developments
August 2021 The Ultra-Lite 2 electric wheelchair, which Falcon Mobility presented, is made to be portable and lightweight. With this launch, the firm intends to give the elderly and disabled communities a new, reasonably priced, and lightweight wheelchair option, making it simpler for carers to move their wards' personal mobility aids to and from a vehicle.
July 2021 To look into and enhance the transportation of mobility aids like wheelchairs, the International Air Transport Association (IATA) established the Global Mobility Aids Action Group.
North America
Europe
Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 15.2 billion |
| Market Size 2023 | USD 16.2 billion |
| Market Size 2032 | USD 27.3 billion |
| Compound Annual Growth Rate (CAGR) | 6.70% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Product, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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 Market Opportunities | Increased product development and attention to problems faced by both key companies and wheelchair users |
| Key Market Dynamics | Rising adult population |
Frequently Asked Questions (FAQ) :
The Personal Mobility Devices Market size was valued at USD 15.2 Billion in 2022.
The global market is projected to grow at a CAGR of 6.70% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are 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..
The wheelchairs category dominated the market in 2022.
The homecare category had the largest share in the global market.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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