Personal Mobility Devices Market size was valued at USD 15.87 Billion in 2023 and is anticipated to reach USD 33.03 Billion by the end of 2036, registering around 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of personal mobility devices is assessed at USD 16.7 Billion. The growth of the market can be attributed to the increasing road accidents and crashes worldwide, along with the increasing count of workplace and sports injuries. According to the World Health Organization (WHO), approximately 1.3 million lives are lost each year as a result of road traffic accidents. The number of non-fatal injuries is between 20 and 50 million, with many of them resulting in a disability. In addition, it was stated that more than 4,37,000 road accident cases were reported in 2019 in India. A rise in traffic accidents has resulted in a higher number of people with severe disabilities as a result. Thus, the demand for personal mobility devices is predicted to grow rapidly over the forecast period.
Designed for a single user, the personal mobility devices include one or more wheels and an electric motor, along with a stopping system controlled either by brakes, gears, or other controls, and can only travel at modest speeds. Moreover, rising disposable income, followed by the increased awareness of self-care, high spending on healthcare, initiatives by the government to expand healthcare access, as well as the development of advanced innovative products are anticipated to expand global personal mobility devices market size during the forecast period. For instance, in January 2022, Falcon Mobility Pte. Ltd. launched its 2nd-generation Ultra-Lite 2 electric wheelchair, which provides lightweight mobility and is simple to operate.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.8% |
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Base Year Market Size (2023) |
USD 15.87 Billion |
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Forecast Year Market Size (2036) |
USD 33.03 Billion |
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Regional Scope |
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End-user (Hospitals, Clinics, Care Centers, Homecare)
The global personal mobility devices market is segmented and analyzed for demand and supply by end user into hospitals, clinics, care centers, homecare, and others. Out of these types of segments, homecare segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the rising prevalence of diseases such as arthritis and chronic disability in the elderly population. It was observed that a staggering 45% of older persons aged 60 and older are living with a disability, and more than 245 million older people suffer from mild to severe levels of disability. Older people are less capable of walking and need mobility aids at home. Therefore, the acceptance of personal mobility devices among the elderly population is expected to augment segment growth during the forecast period.
Product (Wheelchairs, Mobility Scooters, Medical Beds, Crutches, Walking Aids)
The global personal mobility devices market is also segmented and analyzed for demand and supply by product into wheelchairs, mobility scooters, medical beds, crutches, walking aids, and others. Amongst these segments, the wheelchairs segment is expected to garner a significant share. Wheelchairs used by people living with mobility disability for locomotion. Wheelchairs can be both power-driven and manually operated. The benefits of a wheelchair are reduction in the physical problems such as. Progression of deformities, pressure sores, and digestion. The segment is estimated to grow on the back of escalating number of people across the globe with disabilities every day. For instance, it was observed that the need for wheelchairs rises by nearly 3000 every day worldwide while around 600 million people are living with some sort of disabilities across the globe.
Our in-depth analysis of the global personal mobility devices market includes the following segments
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By Product |
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By Sales Channel |
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By End User |
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North America Market Forecast
The North American personal mobility devices market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036. The growth of the market can be attributed majorly to the huge base of geriatric and patient population with severe mobility issues and also triggering the demand for hospitalization owing to several chronic and acute diseases. Well-structured homecare services in the region also expected to hike the market growth over the forecast period. For instance, in United States, Medicare patients with chronic diseases account 80% of hospitalizations, 90% of medication prescriptions, and 77% of healthcare home visits. Additionally, more than 6 million Americans are anticipated to use assistive devices for mobility. Moreover, the availability of personal mobility devices, improved access to healthcare, the prevalence of age-related diseases such as cancer, diabetes, seizures, and others, and favorable hospital reimbursement policies are some other factors anticipated to propel the demand for personal mobility devices in the region during the forecast period. In addition to this, an upsurge in the adoption of electric mobility is also a crucial factor that is anticipated to further boost the personal mobility devices market in the region in the coming years. For instance, currently, around 150,000 people uses electric powered wheelchair and scooters in USA. Moreover, as of 2021, approximately 2 million people were diagnosed with cancer while this disease accounted for around 600,000 deaths in the United States. Therefore, all these factors are projected to enlarge the market size in the region over the forecast period.
Drive DeVilbiss Healthcare Ltd introduced a lightweight powerchair called the NEW Carbon Fibre AirFold Powerchair. Despite being compact and lightweight, it weighs only 15.8kg and has an integral grab handle to make carrying and lifting easier.
Rollz Mobility UK Ltd has announced that 80% of the Parkinson’s participants benefited from using Rollz’s Parkinson’s walker with different cues. In addition to being able to adjust the cues, it also facilitates an active lifestyle for people with neurological disorders, such as Parkinson's and MS.
Author Credits: Abhishek Verma
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