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

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.