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Personal Mobility Devices Market Set to Surge to US$22 Bn by 2030, Driven by 9.7% CAGR - Persistence Market Research

05-14-2025 08:23 AM CET | Health & Medicine

Press release from: Persistence Market Research

Personal Mobility Devices Market

Personal Mobility Devices Market

The global personal mobility devices (PMDs) market is experiencing remarkable growth, with a forecasted Compound Annual Growth Rate (CAGR) of 9.7% from 2023 to 2030. This market, valued at US$11.5 billion in 2023, is expected to reach US$22.0 billion by the end of the decade. Personal mobility devices, including wheelchairs, scooters, and electric mobility devices like e-bikes and e-scooters, provide essential transportation solutions for individuals with mobility impairments and offer eco-friendly alternatives to traditional vehicles in urban environments. The PMD market is driven by a confluence of demographic trends, urbanization, and technological advancements.

Key growth drivers for the market include the rising elderly population that requires assistive mobility devices, the increasing demand for sustainable transportation options, and technological advancements that improve the performance, safety, and affordability of PMDs. In particular, the increasing prevalence of conditions that limit mobility, such as arthritis and neurological disorders, is contributing to the demand for devices like electric scooters and walkers. Furthermore, urban congestion, environmental concerns, and the rising adoption of electric vehicles (EVs) are propelling the growth of PMDs as sustainable alternatives to traditional modes of transport, particularly in densely populated cities.

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The largest segment in the personal mobility devices market is the walking aids category, which includes products such as canes, crutches, and walkers. These devices remain indispensable for individuals with limited mobility due to aging or injury. The North American region leads the global market due to factors such as the aging population, advanced healthcare infrastructure, and increased healthcare spending. The region's focus on accessibility and independence, coupled with the introduction of government regulations that promote assistive technologies, has significantly contributed to this leadership.

Key Highlights from the Report

✦ The personal mobility devices market is expected to grow from US$11.5 billion in 2023 to US$22.0 billion by 2030.
✦ The market is projected to grow at a CAGR of 9.7% from 2023 to 2030.
✦ North America holds the largest market share, driven by a rapidly aging population and high healthcare expenditure.
✦ Walking aids, including canes and walkers, are the dominant product segment in the market.
✦ The Asia Pacific region is experiencing the highest CAGR due to increasing urbanization and demand for assistive technologies.
✦ Technological advancements and customization options are key opportunities for market players.

Market Segmentation

The personal mobility devices market is segmented into various categories, such as product type, end-user, and sales channel. The primary product categories in the market include walking aids, wheelchairs, mobility scooters, and electric personal mobility devices like e-bikes and e-scooters. Walking aids dominate the market due to their widespread use among individuals with mobility challenges, especially the elderly. These devices provide essential support, stability, and independence.

Wheelchairs, both manual and powered, represent another significant segment, particularly among those with more severe mobility impairments. Mobility scooters have gained popularity due to their suitability for individuals with limited strength and endurance. The electric personal mobility devices segment, which includes e-scooters and e-bikes, is witnessing rapid growth, driven by urbanization and the rising demand for sustainable, short-distance transportation solutions.

From an end-user perspective, hospitals and clinics constitute the largest segment, as these institutions require personal mobility devices for patient care, rehabilitation, and post-surgical recovery. The growing elderly population and the prevalence of mobility-related conditions in healthcare settings drive this demand. Additionally, homecare settings and retail consumers are emerging as significant end-users for personal mobility devices.

Sales channels play an essential role in distributing personal mobility devices. Wholesalers and distributors dominate this segment, as they ensure efficient delivery to healthcare institutions, retailers, and individual consumers. These intermediaries play a crucial role in expanding market access by offering bulk purchasing options and streamlining logistics.

Regional Insights

The personal mobility devices market is experiencing diverse growth trends across various regions, with North America, Europe, and Asia Pacific emerging as key players. North America leads the market, supported by its aging population and advanced healthcare infrastructure. The United States, in particular, accounts for a significant share of the market, with high demand for mobility devices driven by a large elderly demographic and a well-established healthcare system. Furthermore, strong reimbursement policies and healthcare spending contribute to market expansion in this region.

Asia Pacific, however, is anticipated to witness the highest CAGR during the forecast period. Factors such as rapid urbanization, a growing elderly population, and rising healthcare awareness in countries like China, India, and Japan are fueling the demand for personal mobility devices. The region's expanding middle class and government initiatives to promote healthcare access are key drivers behind the adoption of assistive technologies. The affordability of devices and the increasing focus on sustainable urban mobility also contribute to the region's rapid market growth.

Europe holds a substantial share in the personal mobility devices market, with countries like Germany and the United Kingdom seeing rising demand due to an aging population and advanced healthcare systems. Moreover, government policies supporting accessibility, along with high adoption rates of advanced mobility technologies, position Europe as a competitive market.

Market Drivers

Several factors are driving the growth of the personal mobility devices market. One of the most significant drivers is the rise of the electric vehicle (EV) industry, which has contributed to a greater acceptance of electric-powered transportation options. This trend is particularly evident in the increasing demand for electric scooters, electric bicycles, and other PMDs. As consumers become more accustomed to electric-powered transportation and as charging infrastructure improves, PMDs have become an attractive alternative for short-distance commuting.

Urbanization and increasing traffic congestion in cities have created a need for more efficient, eco-friendly transportation solutions. Personal mobility devices offer a practical and sustainable alternative to traditional cars, which are often unsuitable for dense urban environments. The compactness, ease of use, and environmental benefits of PMDs make them a popular choice for city dwellers, particularly younger generations who prioritize flexibility and sustainability in their transportation options.

Additionally, the growing prevalence of mobility-related health conditions, such as arthritis, Parkinson's disease, and cerebral palsy, is driving the demand for assistive devices. The elderly population, in particular, represents a significant segment in need of mobility aids to maintain their independence and quality of life.

Market Restraints

While the personal mobility devices market is experiencing rapid growth, several challenges hinder its expansion. One of the primary restraints is the increasing cost of production. Factors such as rising raw material costs, labor expenses, and manufacturing complexities contribute to the overall production costs of PMDs. As manufacturers aim to integrate advanced technologies and improve product performance, these cost pressures may impact the affordability and accessibility of personal mobility devices, particularly for lower-income individuals.

Another major restraint is the environmental impact of manufacturing and disposal processes. The production of personal mobility devices, especially electric models, involves resource-intensive processes, raising concerns about carbon emissions and electronic waste. As consumers and policymakers become more environmentally conscious, manufacturers will need to adopt sustainable practices in materials sourcing, production, and disposal to mitigate these concerns.

Market Opportunities

The integration of technology in personal mobility devices presents significant opportunities for market growth. Innovations such as smart sensors, IoT connectivity, and AI-driven features enhance the functionality, safety, and user experience of PMDs. These advancements cater to the growing demand for connected, intelligent mobility solutions and provide manufacturers with a competitive edge in the market.

Customization and personalization are also key opportunities for market players. As the global population ages, the demand for tailored mobility solutions is increasing. Devices that can be customized to meet the specific needs of users, such as those with mobility impairments, offer significant growth potential. By offering personalized options, companies can improve customer satisfaction, differentiate their products, and cater to the diverse needs of users.

Reasons to Buy the Report

✔ Understand the future growth trajectory of the personal mobility devices market, including key drivers and trends.
✔ Gain insights into the competitive landscape, including key players and their market strategies.
✔ Learn about the latest technological advancements shaping the personal mobility devices market.
✔ Identify key regional trends and opportunities in high-growth markets like Asia Pacific.
✔ Access detailed segmentation analysis, helping you understand the dominant product types and end-user sectors.

Frequently Asked Questions (FAQs)

How Big is the Personal Mobility Devices Market?

Who are the Key Players in the Global Personal Mobility Devices Market?

What is the Projected Growth Rate of the Personal Mobility Devices Market?

What is the Market Forecast for Personal Mobility Devices in 2032?

Which Region is Estimated to Dominate the Personal Mobility Devices Industry through the Forecast Period?

Company Insights

• Invacare Corporation
• Sunrise Medical LLC
• Pride Mobility Products Corp
• Ottobock SE & Co. KGaA
• GF Health Products Inc
• Stryker Corporation

Recent Developments

Falcon Mobility launched the Ultra-Lite 2 electric wheelchair, emphasizing its lightweight design and ease of maneuverability. This launch targets the elderly and disabled communities, enhancing accessibility and mobility.

Invacare Corporation introduced a new line of power mobility devices incorporating advanced battery technology, improving performance and user convenience.

Conclusion

The personal mobility devices market is poised for continued growth, driven by demographic shifts, technological advancements, and rising awareness of mobility challenges. The increasing demand for eco-friendly transportation, coupled with an aging population in need of assistive technologies, positions PMDs as a pivotal component of the future of urban mobility. With opportunities for innovation, customization, and global market expansion, the personal mobility devices market offers promising potential for both existing and emerging players.

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About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

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