Personal Mobility Devices Market Size
![Personal Mobility Devices Market Summary](https://s3.mordorintelligence.com/personal-mobility-devices-market/1643362941431_personal-mobility-devices-market_Market_Summary.webp)
Study Period | 2018 - 2028 |
Market Size (2023) | USD 13.14 Billion |
Market Size (2028) | USD 17.75 Billion |
CAGR (2023 - 2028) | 6.19 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Personal Mobility Devices Market Analysis
The Global Personal Mobility Devices Market size is expected to grow from USD 13.14 billion in 2023 to USD 17.75 billion by 2028, at a CAGR of 6.19% during the forecast period (2023-2028).
Many people with chronic conditions or people with physical disabilities are not able to follow the guidelines and procedures to reduce the spread of COVID-19. For example, complete isolation may not be possible for a person with a disability because you need help from home helpers or caregivers. If the outbreak becomes more severe in the area, those services may be disrupted as the attendants become ill themselves. Some may not have access to affordable travel and may have to rely on mobility devices to continue receiving medications or making purchases.
The pandemic has a significant effect on the market as the epidemic has disrupted and can continue to disrupt the performance of the major manufacturers and can have a significant effect on the business and financials of the market, including the ability of end-users to gain access to products.
The major factors contributing to the growth of the market are the increasing number of disability cases due to the growing elderly population, an increasing number of road accidents, spinal cord injuries, and meningitis.
According to the revised World Population Prospects by the United Nations 2020, the number of people aged 60 years or above is expected to grow more than double by 2050, from 962 million in 2015 to 2.1 billion by 2050 worldwide. This age group is at high risk for various age-related illnesses, which require the help of personal mobility. According to Disabled World, currently, about 10% of the world's population, or nearly 650 million people, are living with a disability. In most OECD countries, females have higher rates of disability than males, and according to the UN Development Program (UNDP), 80% of persons with disabilities live in developing countries.
As per the Bureau of Transportation Statistics 2020, the US Department of Transportation, an estimated 25.5 million Americans had disabilities, which made traveling outside the home difficult for them. The geriatric population is more prone to mobility diseases, which is anticipated to lead to market growth.
Continuous evolution and advancement in personal mobility devices have taken place for centuries. Wheelchairs have more robust wheel design and movement capabilities, and the following models continuously shift toward weight reduction and increased maneuverability and performance. There are many companies that offer advanced technological wheelchairs. For example, Invacare Corporation offers power wheelchairs (Storm Series, TDX Series, etc.) starting from USD 5,970.
Growing R&D programs by key players to solve issues and develop products are expected to propel the growth of the market. In November 2019, Arjo acquired substantial equity in Atlas Lift Tech, which is involved in the deployment and management of comprehensive mobility programs through its innovative Lift Coach Model and Mobility Tracking Software Platform.
Personal Mobility Devices Market Trends
This section covers the major market trends shaping the Personal Mobility Devices Market according to our research experts:
Wheelchairs Emerged as the Largest Segment in the Personal Mobility Devices Market
The COVID-19 pandemic has contributed to a global shipping and logistics crisis, including shortages in the availability of, and increasing costs for, container shipping, and has disrupted, and may continue to disrupt, the ability to obtain critical products, components, and raw materials, which could have an adverse effect on the financial condition of manufacturers and shortage of supply to the end users.
A wheelchair is a popular aid device used for personal mobility. There is a growing trend in wheelchair-mounting devices, such as the introduction of electric wheelchairs and wheelchairs that can maintain a medical history of the disability to make emergency calls during disasters and monitor human health, are some of the factors driving the market.
According to the Bureau Of Transportation Statistics 2020, the US Department of Transportation, an estimated 25.5 million Americans had disabilities that made traveling outside the home difficult. The rising elderly population who are more prone to mobility diseases is also a major factor for market growth. The growing popularity of wheelchairs with advanced features due to the growing number of patients is driving the market. The increasing number of product launches by players is also expected to boost the market growth.
![Personal Mobility Devices Market - Estimated Number of Ageing Population, (in billion) , by Year, Global, 2020](https://s3.mordorintelligence.com/personal-mobility-devices-market/1649138392651_personal-mobility-devices-market_Estimated_Number_of_Ageing_Population_in_billion__by_Year_Global_2020.png)
North America Dominates the Market and Expected to do the Same in the Forecast Period
North America is expected to dominate the overall personal mobility devices market throughout the forecast period. Due to the increasing geriatric population who are more prone to mobility disorders, such as osteoporosis, rheumatoid arthritis, etc., the craze for mobility aid has been on a rise in North America.
The United States and Canada contribute the major share of the region. The supportive government initiatives that reduce the burden of the high cost of the devices, combined with growing reimbursement policies, have resulted in a high-volume usage of personal mobility devices.
As per the Bureau of Transportation Statistics 2020, US Department of Transportation, an estimated 25.5 million Americans had disabilities that made traveling outside the home difficult. As the geriatric population is more prone to mobility diseases, the demand for personal mobility devices is expected to increase over the forecast period.
In Ontario, Canada, the Department of Health and Long-Term Care provides support and funding to Ontario residents with a long-term disabilities under the Assistive Devices Program (ADP). The program offers to cover the cost of items, such as wheelchairs and rollators and walkers, scooters, and specialized seating.
Manufacturers in North America have access to new technologies, enabling the development of advanced technology devices in the short term, a major factor in market growth.
![Personal Mobility Devices Market - Growth Rate by Region](https://s3.mordorintelligence.com/personal-mobility-devices-market/1643363853884_personal-mobility-devices-market_Personal_Mobility_Devices_Market_-_Growth_Rate_by_Region_.webp)
Personal Mobility Devices Industry Overview
The personal mobility devices market is moderately competitive and consists of several major players. Some of the companies currently dominating the market are Drive DeVilbiss Healthcare, GF Health Products Inc., Invacare Corporation, Ottobock, Permobil, Stryker Corporation, Pride Mobility Products Corp., Sunrise Medical (US) LLC, Patterson Companies, Inc., and ArjoHuntleigh.
Personal Mobility Devices Market Leaders
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Invacare Corporation
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Ottobock
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Drive DeVilbiss Healthcare
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Stryker Corporation
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GF Health Products Inc.
*Disclaimer: Major Players sorted in no particular order
![Personal Mobility Devices Market Concentration](https://s3.mordorintelligence.com/personal-mobility-devices-market/personal-mobility-devices-market_1589809148964_Picture8.webp)
Personal Mobility Devices Market News
- In August 2021, Falcon Mobility unveiled the Ultra-Lite 2 electric wheelchair, which is designed to be lightweight and easy to maneuver. The company hopes to provide a new affordable and lightweight wheelchair option to the elderly and disabled communities with this launch, making it easier for caregivers to transport their wards' personal mobility aids to and from a vehicle.
- In July 2021, the International Air Transport Association (IATA) formed a Global Mobility Aids Action Group to investigate and improve the transportation of mobility aids such as wheelchairs.
Personal Mobility Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Demand for Personal Mobility Devices in Elderly Population
4.2.2 Technological Advancements in the Devices
4.3 Market Restraints
4.3.1 High Cost of the Devices
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value – USD million)
5.1 By Product
5.1.1 Wheelchair
5.1.2 Walking Aids
5.1.3 Scooters
5.1.4 Other Products
5.2 By End User
5.2.1 Hospitals and Clinics
5.2.2 Home Care Settings
5.2.3 Other End Users
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Drive DeVilbiss Healthcare
6.1.2 GF Health Products Inc.
6.1.3 Invacare Corporation
6.1.4 Ottobock
6.1.5 Patricia Industries (Permobil)
6.1.6 Stryker Corporation
6.1.7 Pride Mobility Products Corp.
6.1.8 Sunrise Medical (US) LLC
6.1.9 Medline Industries Inc.
6.1.10 Arjo
6.1.11 Kaye Products Inc.
6.1.12 Rollz International
6.1.13 Performance Health
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Personal Mobility Devices Industry Segmentation
As per the scope of the report, personal mobility devices have a major responsibility in advanced healthcare, as it helps in the mobility of disabled people and improves independent living. The personal mobility devices market is segmented by product (wheelchair, walking aids, scooters, and other products), end user (hospitals and clinics, home care settings, and other end users), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.
By Product | |
Wheelchair | |
Walking Aids | |
Scooters | |
Other Products |
By End User | |
Hospitals and Clinics | |
Home Care Settings | |
Other End Users |
By Geography | ||||||||
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Personal Mobility Devices Market Research FAQs
How big is the Global Personal Mobility Devices Market?
The Global Personal Mobility Devices Market size is expected to reach USD 13,142.06 million in 2023 and grow at a CAGR of 6.19% to reach USD 17,745.22 million by 2028.
What is the current Global Personal Mobility Devices Market size?
In 2023, the Global Personal Mobility Devices Market size is expected to reach USD 13,142.06 million.
Who are the key players in Global Personal Mobility Devices Market?
Invacare Corporation, Ottobock, Drive DeVilbiss Healthcare, Stryker Corporation and GF Health Products Inc. are the major companies operating in the Global Personal Mobility Devices Market.
Which is the fastest growing region in Global Personal Mobility Devices Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Global Personal Mobility Devices Market?
In 2023, the North America accounts for the largest market share in the Global Personal Mobility Devices Market.
Global Personal Mobility Devices Industry Report
Statistics for the 2023 Global Personal Mobility Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Global Personal Mobility Devices analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.