USD 15.2 Billion
Personal Mobility Devices Market Size, Share, Growth Analysis, By Product Type (Walking Aids, Mobility Scooters), By Price Range (Premium, Low-Cost), By End User (Hospitals & Clinics, Long-term Care Centers), By Sales Channel (Online Channel, Offline Channel), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2289 |
Region:
Global |
Published Date: November, 2024
Pages:
208
|Tables:
61
|Figures:
70
Personal Mobility Devices Market Insights
Global Personal Mobility Devices Market size was valued at USD 10.59 billion in 2022 and is poised to grow from USD 11.31 billion in 2023 to USD 19.18 billion by 2031, growing at a CAGR of 6.82% during the forecast period (2024-2031).
Individual human mobility is facilitated by personal mobility equipment. These can be motorized or operated manually, and people with limited mobility usually use them to walk. Walkers, wheelchairs, rollators, canes, and crutches are a few of these gadgets. The global personal mobility devices market is expected to expand significantly over the forecast period due to technical developments in gadgets that make them easily accessible and portable. The global rise in the prevalence of chronic conditions such diabetes, rheumatoid arthritis, osteoarthritis, heart failure, and coronary heart disease also contributes to the market's expansion.
Like this, a significant rise in the global geriatric population—which is particularly vulnerable to illnesses or injuries requiring medical attention—also supports the expansion of the personal mobility device market. However, some of the main challenges impeding the market growth throughout the projection period include the high cost of these devices, a lack of knowledge, and problems linked to the use of personal mobility devices. On the other hand, it is projected that developments in medical device technology pertaining to patient mobility and the rise in demand for personal mobility devices in developing countries would offer lucrative prospects for market expansion soon.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Wheelchairs
Fastest Growth
Scooters
Growth Rate
6.7% CAGR
Personal Mobility Devices Market ($ Bn)
Country Share for North America Region (%)
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Personal Mobility Devices Market Segmental Analysis
Global Personal Mobility Devices Market is segmented by Product Type, Price Range, End User, Sales Channel, and Region. Based on Product Type, the market is segmented into Walking Aids, Mobility Scooters, Medical Beds, Wheelchairs, Others. Based on Price Range, the market is segmented into Premium, Low-Cost. Based on End User, the market is segmented into Hospitals & Clinics, Long-term Care Centers, Households, Others. Based on Sales Channel, the market is segmented into Online Channel, Offline Channel (Wholesalers/Distributors, Multi-brand Stores, Specialty Store, Others). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Product
As per categorization by product, the market is classified as walking aids, wheelchairs and scooters. Among these, wheelchairs earned the largest share and continue to dominate the market. Due to ongoing innovation in electric, lightweight, and customizable designs that increase user independence and comfort, wheelchairs currently hold a dominant market share in the global personal mobility equipment industry. Their significant employment in healthcare, increasing population of aged people and demand for more mobility are the reasons as to why global access and movement support depend on them.
Due to their inexpensive, lightweight, and user-friendly design, scooters are expected to have the quickest rate of growth in the global personal mobility devices market. Scooters provide adaptable options for short-distance travel and mobility support because of growing urbanization, a growing desire for environmentally friendly transportation, and developments in lightweight, folding variants.
Analysis by End User
Due to advancements in robust, ergonomic designs specifically suited for patient care and rehabilitation, hospitals now hold a dominant market share in the global personal mobility devices market. Hospitals prioritize mobility aids for effective patient movement and recuperation due to an ageing population and expanding healthcare needs, which fuels steady utilization and market growth in this industry.
As more people are choosing in-home care due to ageing populations and the management of chronic illnesses, homecare is the end-user segment in the global personal mobility devices market that is expanding at the quickest rate. Portable, user-friendly mobility devices which make homecare more comfortable for patients and increase their independence are prompting a growing need for custom built solutions around the house.
Personal Mobility Devices Market By Product Type
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Personal Mobility Devices Market Regional Insights
Due to its highly developed healthcare system, high disposable incomes, and ageing population, North America is the market leader in personal mobility devices, globally. Electric wheelchairs and scooters have also become more user-friendly and easier to find, which has made this region more focused on technology. In addition, beneficial federal initiatives such as Medicare and Medicaid significantly help with the purchase of mobility aid due to the financial support they provide, thus increasing their demand in the market. North America is becoming a crucial location for growth and innovation in the global personal mobility devices market due to its increasing awareness of mobility solutions for individuals with disabilities and the presence of large industry players pushing product development. Also, North America is strengthening its leadership in this market globally.
With a rapidly ageing population, a growing frequency of disabilities, and rising healthcare costs, Asia-Pacific is the region with the fastest rate of growth in the global personal mobility devices market. The demand for personal mobility devices in the region is driven by the growing middle class and increased knowledge of mobility alternatives. Priority is given on increasing healthcare access and infrastructure driving growth of the market in nation states such as China, Japan and India. Moreover, there are advancements in technology, local production and affordable alternatives that enhance the availability of personal mobility devices. The market's growth is also fuelled by the increased urbanization and number of older individuals looking for in-home care options.
Personal Mobility Devices Market By Region
- Largest
- Fastest
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Personal Mobility Devices Market Dynamics
Drivers
Addressing Mobility Challenges Amidst the Growing Elderly Population
- A major consideration for the private mobility sector is the global rise in elderly population density, particularly in North America, Europe and Asia-Pacific regions. With the increasing number of aging adults, diseases associated with old age such as osteoporosis, arthritis and other movement-related problems are likely to also increase.
Innovations in Personal Mobility Equipment Fuel Market Growth
- The market is growing at a substantial rate due to innovations in personal mobility equipment like foldable scooters, electric wheelchairs, and smart mobility aids with GPS and health monitoring systems. This unsurprisingly led to an increase in cases of arthritis, osteoporosis among other diseases which affect mobility, due to the rising population of elderly people.
Restraints
Lack of Awareness and Accessibility
- There is a dearth of knowledge about the advantages of the many mobility options in many places, especially in low-income and rural communities. Moreover, insufficient distribution networks pose a great challenge on the part of individuals to access mobility devices thus hindering market growth.
Stigma and Social Barriers
- Individuals may be deterred from acquiring personal mobility devices by societal attitudes and cultural stigma around the use of mobility aids and disabilities. Even though there are solutions available, utilizing such gadgets could be seen as a sign of weakness in some civilizations. As a result, demand might be lower.
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Personal Mobility Devices Market Competitive Landscape
The global personal mobility devices market is characterized by fierce competition, which consist both of emerging and established companies. This includes major international companies like Invacare Corporation, Sunrise Medical, and Ottobock known for their innovative wheelchairs and mobility solutions among others. In addition, they focus on technological development, customer comfort enhancement and global expansion. Ongoing innovation development, partnerships and the need to make products accessible and inexpensive for most customers characterise the market’s competitive environment as such.
Top Player’s Company Profiles
- Carex Health Brands, Inc
- Drive Medical
- GF Health Products, Inc
- Invacare Corporation
- Kaye Products, Inc
- Briggs Healthcare
- Medline Industries, Inc
- NOVA Medical Products
- Performance Health
- Rollz International
- Weland Group
- Human Care Group
- CareCo Company
- Besco Medical
- Ergoactives
- Ottobock
- Permobil
- Pride Mobility Products Corp.
- Arjo
- Karma Medical Products
- Hippocampe
- Levo AG
Personal Mobility Devices Key Market Trends
- Rise in Technologically Advanced Mobility Devices: A significant change in the global personal mobility devices market can be seen with the increasing use of advanced technologies. The introduction of smart scooters with GPS systems, electric wheelchairs and mobility devices with in-built health tracking technology has changed user experience. These advances enhance freedom, convenience and security hence contributing to the impressive growth of this market.
- Growing Demand for Homecare Mobility Solutions: More people are choosing in-home care and as they age, there is a growing need for homecare mobility solutions. Wheelchairs and scooters that are small and lightweight and can be used at home are examples of personal mobility devices that are gaining popularity. This pattern shows how residential institutions are becoming more accessible and individualized in care.
Personal Mobility Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, Due to the rising incidence of chronic illnesses and the ageing population's need for better mobility options, the global personal mobility devices market is expanding at a rapid pace. Technology is driving market expansion by increasing user independence and comfort. Examples of this include the newest models of electric wheelchairs and smart scooters.
Moreover, the increase of options for homecare is an indication of the shift towards personalized at-home treatment. Despite such challenges as prohibitive prices and lack of awareness, it seemingly appears that there will be growth in future markets considering the increasing demand from developing nations accompanied by progressions in medical devices. Continued innovation and improved access would ensure that personal mobility keeps on increasing.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10.59 billion |
| Market size value in 2031 | USD 19.18 billion |
| Growth Rate | 6.82% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Personal Mobility Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Personal Mobility Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Personal Mobility Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Personal Mobility Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Personal Mobility Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Personal Mobility Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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