Personal Mobility Device Market Trends, Growth Drivers, and Key Players | Forecast 2024-2031

Market Overview

Personal Mobility Device Market is expected to grow at a CAGR of 6.9% during the forecast period (2024-2031).

Personal mobility devices are designed to offer independence and stability, catering to the needs of individuals with disabilities to carry out everyday tasks. These devices assist individuals with impairments or disabilities in moving from one location to another. The range of personal mobility devices includes wheelchairs, scooters, canes, crutches, bicycles, and unicycles, with the majority being utilized by individuals with limited mobility. These devices are designed for individual use and can be manually operated or battery-powered. They are most likely to be adopted by the elderly, individuals with disabilities, and those with spinal cord injuries.

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Personal Mobility Device Market Trends

The rise in disability cases is anticipated to fuel market growth.

As per the WHO data published in November 2021, nearly 1 billion people globally are expected to have some form of mobility disability. This represents about 15% of the global population, with up to 190 million (3.8%) individuals aged 15 and older experiencing significant functional impairments, often requiring healthcare services and mobility devices. Consequently, the demand for personal mobility devices is on the rise.

Additionally, government initiatives aimed at enhancing the accessibility of these mobility devices are driving the personal mobility device market. For instance, the Government of India (GoI) initiated the Accessible India Campaign to foster an accessible environment for persons with disabilities, offering public transportation, information, and communication. Hence, these factors are expected to drive the market in the forecast period.

The high cost of powered wheelchairs is likely to impede market growth.

Powered wheelchairs, such as the M3 and M5 mid-wheel powerchairs, offer high adaptability. The M5 model, with its longer range, faster top speed, and superior suspension compared to the M3, tends to be more expensive. The costs can range from approximately £5,000 to £30,000 or even higher.

Furthermore, the limited availability of service centers and a lack of awareness about modern personal mobility devices in developing economies are significant factors restraining market growth.

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Market Segmentation

By Product Type
Wheel Chairs
Walking Aids
Scooters
Handbikes
Stair-lifts
Others

By End user
Hospitals & Clinics
Ambulatory Surgery Centers
Homecare Setting
Others

Market Key Players
Major players are Medline Industries, Inc., Carex Health Brand Incorporation, Drive Medical Design & Manufacturing, Invacare Corporation, Sunrise Medical, Pride mobility, Kaye Products, Inc., Electric Mobility, Briggs Healthcare, Patterson Medical, Nova Medical Products, Eurovema AB and Graham-Field Health Products Incorporation

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