Personal Mobility Devices Market

Rising adult population to drive the market growth

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 Global Personal Mobility Devices Market Industry experiences a notable driver in the form of an aging population. As individuals age, mobility challenges often arise, leading to an increased demand for mobility aids. By 2024, the market is projected to reach 12.2 USD Billion, driven largely by the need for devices that enhance independence and mobility among seniors. Countries with significant elderly populations, such as Japan and Italy, are witnessing a surge in the adoption of wheelchairs, scooters, and other assistive devices. This demographic shift suggests a sustained growth trajectory for the industry, as more individuals seek solutions to maintain their mobility and quality of life.

The Global Personal Mobility Devices Market Industry is closely linked to the growth of the healthcare sector. As healthcare systems evolve, there is a greater emphasis on rehabilitation and mobility solutions for patients recovering from surgeries or managing chronic conditions. The increasing prevalence of conditions that impair mobility, such as arthritis and neurological disorders, drives demand for mobility aids. With the healthcare sector projected to expand significantly, the market for personal mobility devices is likely to follow suit. This correlation suggests a steady growth trajectory, with a compound annual growth rate of 6.22% anticipated from 2025 to 2035, reflecting the ongoing need for effective mobility solutions.

The Global Personal Mobility Devices Market Industry is characterized by robust growth projections. The market is expected to reach 12.2 USD Billion in 2024, with a remarkable increase to 23.6 USD Billion by 2035. This growth trajectory indicates a compound annual growth rate of 6.22% from 2025 to 2035, suggesting a strong demand for personal mobility devices. Factors contributing to this growth include technological advancements, an aging population, and increased awareness of disability rights. As the industry evolves, it is likely to attract investments and innovations that further enhance the quality and accessibility of mobility solutions.

Technological advancements play a crucial role in shaping the Global Personal Mobility Devices Market Industry. Innovations in materials, design, and functionality have led to the development of lighter, more efficient, and user-friendly mobility devices. For instance, the integration of smart technology in scooters and wheelchairs enhances user experience through features like GPS navigation and health monitoring. As these technologies evolve, they are likely to attract a broader consumer base, including younger individuals with mobility impairments. This trend indicates a potential market expansion, with projections suggesting a market value of 23.6 USD Billion by 2035, reflecting the increasing integration of technology in mobility solutions.

The Global Personal Mobility Devices Market Industry is significantly influenced by the rising awareness of disability rights. Advocacy for inclusivity and accessibility has led to increased demand for mobility devices that cater to individuals with disabilities. Governments and organizations worldwide are implementing policies to enhance accessibility in public spaces, which in turn drives the need for personal mobility devices. This growing recognition of the rights of disabled individuals suggests a robust market growth potential, as more people seek devices that enable them to navigate their environments independently. The industry is likely to benefit from this trend, fostering a culture of inclusivity and support.

Urbanization and infrastructure development are pivotal drivers of the Global Personal Mobility Devices Market Industry. As cities expand and populations grow, the demand for efficient transportation solutions increases. Urban areas often face challenges related to mobility, particularly for individuals with disabilities or mobility impairments. The development of accessible public transportation systems and pedestrian-friendly infrastructure is essential. This trend not only enhances the quality of life for residents but also stimulates the demand for personal mobility devices. The industry is poised for growth as urban planners prioritize inclusivity in their designs, potentially leading to a market value of 23.6 USD Billion by 2035.

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, Market Research Future 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.

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.