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

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.