Personal Mobility Devices Market Share, Growth, Demand and Forecast 2024-2032

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 Global Population:

The aging global population is a significant driver of the personal mobility devices market. As the demographic of older adults expands, so does the prevalence of age-related mobility impairments, necessitating the use of mobility aids. The United Nations reports that the proportion of the global population over 60 years is rapidly increasing. This demographic shift is leading to a heightened demand for products like wheelchairs, walkers, and scooters, aimed at enhancing the mobility and independence of the elderly. The need for personal mobility devices is further underscored by the desire among older adults to maintain an active lifestyle, emphasizing the critical role these devices play in supporting the aging population's quality of life.

● Technological Advancements:

Technological advancements significantly influence the growth of the personal mobility devices market. Innovations in materials and electronics have led to the development of lighter, more durable, and user-friendly mobility devices. The integration of smart technology into these devices, such as connectivity features, GPS, and health monitoring systems, is transforming user experience by offering enhanced functionalities. These technological improvements not only make the devices more appealing but also more accessible to a broader range of users, including those with varying degrees of mobility challenges. The continuous evolution in technology fosters a competitive market landscape, driving manufacturers to innovate and develop more advanced, efficient, and customizable mobility solutions.

● Increasing Incidences of Chronic Diseases:

The rising prevalence of chronic diseases globally is a major factor contributing to the growth of the personal mobility devices market. Chronic conditions such as obesity, diabetes, and cardiovascular diseases can lead to mobility issues, necessitating the use of mobility aids. The World Health Organization highlights chronic diseases as a leading cause of disability worldwide. This trend is exacerbated by lifestyle factors, including physical inactivity and poor diet, which are prevalent in many societies. As the incidence of these conditions increases, so does the demand for personal mobility devices, underscoring their importance in enabling individuals with chronic diseases to lead more independent and active lives.

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.

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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:

The increasing focus on smart mobility devices, integrating technologies such as IoT (Internet of Things), AI (Artificial Intelligence), and GPS for enhanced functionality and user experience represents one of the key factors influencing the growth of the market across the globe. These smart devices offer features like fall detection, health monitoring, and navigation assistance, thereby making mobility safer and more convenient.

The market is also driven by the shift towards lightweight and durable materials, such as carbon fiber and aluminum, which improve the portability and ease of use of mobility devices. Additionally, there is a growing emphasis on customization and user-centric design, allowing devices to be tailored to individual needs and preferences, enhancing comfort and efficiency. Sustainability is also becoming a priority, with manufacturers exploring eco-friendly materials and practices to reduce the environmental impact of their products.

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