Press release
Personal Mobility Devices Market Size to Hit USD 22 Billion in 2030, expanding at a CAGR of 9.7% | PMR Report
The personal mobility devices market has witnessed significant growth in recent years due to increasing demand for assistive mobility solutions among the elderly, differently-abled individuals, and patients with limited mobility. Personal mobility devices, including wheelchairs, scooters, walkers, and stair lifts, provide enhanced independence, safety, and convenience, thereby improving quality of life for users. These devices are widely used in healthcare, home care, rehabilitation centers, and long-term care facilities.
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This report offers a comprehensive analysis of the personal mobility devices market, highlighting growth drivers, challenges, emerging trends, regional insights, and leading market participants. With the rising aging population and increasing healthcare awareness, personal mobility devices are becoming indispensable in modern healthcare and daily living assistance.
Market Projections and Forecast
According to the latest study by Persistence Market Research, the global personal mobility devices market is forecast to expand at a CAGR of 9.7% and thereby increase from a value of US$11.5 Bn in 2023, to US$22 Bn by the end of 2030. cx Growth is mainly fueled by the rising geriatric population, increasing prevalence of physical disabilities, and growing awareness about the benefits of assisted mobility solutions.
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The market growth is expected to be driven by rising demand for technologically advanced devices, increasing prevalence of chronic diseases and mobility impairments, and expanding healthcare infrastructure. North America and Europe are projected to hold substantial market shares, while Asia-Pacific is anticipated to exhibit the fastest growth due to rising healthcare investments and an increasing aging population.
Market Dynamics
Drivers of Market Growth
Rising Aging Population:
The global elderly population is increasing rapidly, creating substantial demand for personal mobility devices to maintain independence and enhance daily living activities.
Technological Advancements:
Integration of smart features such as power-assisted mobility, GPS tracking, ergonomic designs, and IoT connectivity is driving the adoption of advanced mobility devices.
Increasing Prevalence of Disabilities and Chronic Diseases:
Conditions such as arthritis, stroke, and musculoskeletal disorders limit mobility, creating high demand for wheelchairs, scooters, walkers, and other assistive devices.
Growing Awareness and Home Healthcare Adoption:
The rising preference for home-based care and rehabilitation has led to greater adoption of personal mobility solutions, particularly lightweight and portable devices.
Challenges in the Market
High Cost of Advanced Devices:
Power-assisted wheelchairs, stair lifts, and other technologically advanced mobility devices often involve high upfront costs, limiting accessibility for price-sensitive consumers.
Maintenance and Operational Requirements:
Regular servicing, battery replacement, and technical support requirements can be burdensome, especially in regions with limited healthcare infrastructure.
Competition from Traditional and Low-Cost Solutions:
Manual wheelchairs and simple walking aids provide cost-effective alternatives, creating competitive pressure for technologically advanced products.
Market Trends and Technological Innovations
Integration of Smart Technologies:
Manufacturers are increasingly introducing AI-enabled mobility devices, IoT-based monitoring, and app-controlled operations to enhance user convenience and safety.
Focus on Lightweight and Foldable Designs:
Portable and foldable mobility devices are gaining popularity, enabling ease of transportation and storage without compromising durability.
Rising Adoption of Electric Mobility Devices:
Battery-powered wheelchairs and scooters are preferred for long-distance mobility, convenience, and reduced physical effort, driving market growth.
Sustainability Initiatives:
Manufacturers are exploring recyclable materials and eco-friendly designs to align with environmental sustainability trends.
Personal Mobility Devices Market Segmentation
By Product Type:
Manual Wheelchairs
Powered Wheelchairs
Scooters
Walkers and Rollators
Stair Lifts and Platform Lifts
Others
By End-User:
Hospitals and Rehabilitation Centers
Home Care
Assisted Living Facilities
Others
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Regional Analysis
North America:
North America remains a leading market for personal mobility devices due to the high elderly population, strong healthcare infrastructure, and advanced reimbursement policies. The U.S. dominates the region in terms of revenue contribution.
Europe:
Europe holds a significant market share, driven by the aging population, technological adoption, and government initiatives promoting mobility assistance. Countries such as Germany, France, and the U.K. are key contributors.
Asia-Pacific:
Asia-Pacific is expected to witness the fastest growth due to increasing healthcare investments, rising elderly population, and growing awareness about mobility aids. China, Japan, and India are major growth markets.
Latin America:
The Latin American market is gradually expanding, with Brazil and Mexico showing increasing adoption of mobility devices in healthcare and home care sectors.
Middle East & Africa:
The region is emerging as a growth market due to rising healthcare expenditure and growing awareness about quality-of-life improvements for disabled and elderly populations.
Key Companies Profiled in the Report
Invacare Corporation
Sunrise Medical LLC
Permobil AB
Pride Mobility Products Corporation
Drive DeVilbiss Healthcare
GF Health Products, Inc.
Medline Industries, Inc.
Otto Bock Healthcare GmbH
WHILL, Inc.
Kuschall AG
Future Outlook
The global personal mobility devices market is poised for robust growth, supported by increasing technological innovation, rising demand for home healthcare solutions, and an aging global population. Advanced, smart, and eco-friendly mobility devices will continue to gain traction, creating new growth opportunities. Market expansion will be further supported by government initiatives, healthcare reimbursement policies, and growing awareness about accessibility and independence for the elderly and differently-abled individuals.
Conclusion
The personal mobility devices market is undergoing a period of strong growth, driven by rising demand for independence, technological advancements, and increasing global healthcare awareness. As manufacturers focus on innovation, affordability, and sustainability, personal mobility devices are set to become an integral component of modern healthcare and assisted living, ensuring better mobility and quality of life for users worldwide.
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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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