IMARC Group’s report titled “Personal Mobility Devices Market Report by Product (Walking Aids, Wheelchairs, Scooters, and Others), End Use (Hospitals and Clinics, Home Care Settings, and Others), and Region 2024-2032“, The global personal mobility devices market size reached US$ 12.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 20.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.
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Factors Affecting the Growth of the Personal Mobility Devices Industry:
- Aging Population and Increased Prevalence of Mobility Impairments:
The global population is aging, with a significant rise in the number of elderly individuals who often face mobility challenges. This demographic shift is a primary factor driving the demand for personal mobility devices, such as wheelchairs, scooters, and walkers. Conditions like arthritis, osteoporosis, and other age-related ailments that impair mobility are becoming more common, necessitating reliable and efficient mobility solutions. As healthcare systems across the world emphasize improving the quality of life for the elderly, the adoption of personal mobility devices is growing. The increased focus on independent living and active aging further supports this trend, as seniors seek to maintain their independence and mobility for as long as possible.
- Technological Innovations and Product Development:
Advances in technology are introducing new and improved products that cater to diverse user needs. Innovations in materials, battery technology, and smart features are leading to the development of lighter, more durable, and user-friendly devices. Moreover, the integration of electric propulsion systems in wheelchairs and scooters enhances user convenience and expands the range of mobility. Additionally, smart mobility devices equipped with global positioning system (GPS), health monitoring, and connectivity features offer users enhanced safety and real-time health data. Continuous research and development efforts by manufacturers to incorporate cutting-edge technology and ergonomics into their products are crucial in attracting a broader customer base and meeting the evolving demands of users.
- Growing Awareness and Accessibility:
Increasing awareness about the availability and benefits of personal mobility devices plays a crucial role in supporting the market growth. Efforts by governments, non-profit organizations, and healthcare providers to educate the public about mobility solutions contribute to higher adoption rates. Additionally, improvements in accessibility and affordability, driven by competitive pricing and government subsidies, make these devices more attainable for a larger segment of the population. Public and private sector initiatives aimed at improving infrastructure, such as the installation of ramps, lifts, and accessible public transport, further enhance the usability of personal mobility devices.
Leading Companies Operating in the Global Personal Mobility Devices Industry:
- Arjo, Carex Health Brands Inc. (Compass Health Brands Corp.)
- Drive Medical Inc
- GF Health Products Inc.
- Invacare Corporation
- Kaye Products Inc.
- Medline Industries Inc.
- Performance Health Supply Inc. (Patterson Medical)
- Pride Mobility Products Corp.
- Rollz International
- Stryker Corporation and Sunrise Medical (US) LLC.
Personal Mobility Devices Market Report Segmentation:
By Product:
- Walking Aids
- Wheelchairs
- Scooters
- Others
Wheelchairs dominate the product segment of the global personal mobility devices market due to their essential role in providing mobility and independence to individuals with severe mobility impairments, coupled with innovations enhancing their functionality and comfort.
By End Use:
- Hospitals and Clinics
- Home Care Settings
- Others
Homecare emerges as the largest market by end-use because of the growing preference for aging in place and the increasing availability of homecare services that support the use of personal mobility devices.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
North America leads the regional market owing to its advanced healthcare infrastructure, high prevalence of chronic diseases leading to mobility issues, and strong presence of key market players driving innovation and accessibility in personal mobility devices.
Global Personal Mobility Devices Market Trends:
Government policies and regulatory frameworks play a significant role in bolstering the market growth. Supportive regulations that promote accessibility and inclusivity can ensure that public spaces are equipped to accommodate personal mobility devices. Moreover, policies mandating the construction of wheelchair ramps, accessible public transport options, and other infrastructure improvements can increase the usability and desirability of these devices. Additionally, governments in many regions provide financial support and incentives for individuals to purchase personal mobility devices, including subsidies, tax deductions, and grants. These policies help lower the financial barriers for individuals needing mobility aids. Regulatory standards ensuring the safety and quality of these devices also enhance user confidence and adoption rates.
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