Personal Mobility Devices Market

Market Overview 2024-2032:

The global personal mobility devices market size reached USD 12.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 20.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032. The rising disability rates, significant healthcare infrastructure growth, favorable government support and subsidies, increased awareness and education, urbanization and lifestyle changes, along with the rising disposable incomes are some of the major factors propelling the market growth.

Personal mobility devices (PMDs) are compact, motorized vehicles used by non-ambulatory persons for individual transport. They comprise different devices, such as canes, walkers, rolling walkers with seats, triangular walkers, forearm crutches, roll-abouts, and ankle-foot orthotics. They are easy to operate, cost-effective, improve accessibility, prevent injuries, help individuals move independently and freely, and minimize pain. At present, various travel and tourism places are offering PMDs rental services at affordable prices.

Personal Mobility Devices Market Trends:

Aging Population and Rising Prevalence of Mobility-Related Disorders

The increasing elderly population in regions such as North America, Europe, and parts of Asia is playing a major role in driving the personal mobility devices market demand. As individuals get older, the number of mobility-related disorders such as arthritis, osteoporosis, and other musculoskeletal conditions also rises. These medical issues restrict movement, requiring the elderly to rely on personal mobility aids to uphold their independence and quality of life. Furthermore, due to improvements in healthcare, there has been an increase in life expectancy, leading to a larger population of elderly individuals requiring long-term assistance with mobility. This need goes beyond standard wheelchairs to encompass scooters, walkers, and modern mobility aids, which now feature enhanced ergonomics, functionality, and aesthetic attractiveness. Additionally, efforts to raise awareness and government programs aimed at improving healthcare availability and transportation options for the elderly also contribute to the increasing demand for such devices. In numerous areas, healthcare systems and insurance companies are now taking on a bigger share of the expenses related to mobility devices, which is broadening their availability to a larger population and driving market expansion.

Technological Advancements and Innovation in Mobility Devices

Continuous technological advancements and innovations are one of the major personal mobility devices market trends. Manufacturers are integrating smart technology and automation into mobility aids, enhancing ease of use and productivity. Electric wheelchairs and scooters now come with features such as GPS navigation, obstacle detection, and remote control, offering improved safety and ease for users. Moreover, advancements in battery technology have enabled mobility aids to have extended operational duration and faster recharge times, overcoming previous constraints faced by users. Furthermore, carbon fiber and titanium, which are lightweight materials, are being utilized in the production of these devices, enhancing durability and portability. Foldable or modular devices are gaining popularity, making transportation and storage easier. These advancements serve not just the elderly, but also help younger individuals with disabilities, thus broadening the consumer demographic of the market. Businesses are also concentrating on developing visually appealing tools that look such as contemporary gadgets, lessening the negative perception typically linked with conventional mobility aids. Therefore, the incorporation of advanced technology is increasing the appeal and usefulness of personal mobility devices, leading to their widespread acceptance around the globe.

Increasing Focus on Independent Living and Accessibility

One of the main drivers of the personal mobility devices market is the increasing focus on self-sufficiency, especially among those facing mobility issues. Both users and caregivers are looking for ways to help individuals maintain their independence in their daily tasks. Personal mobility devices are essential in helping individuals move around and participate in social activities. In developed nations, there is a significant emphasis on making environments more inclusive by enhancing accessibility, such as by designing public areas, transportation networks, and homes that cater to mobility aids. Authorities and groups are implementing more stringent rules on construction standards and public works to guarantee compliance with accessibility regulations, thereby promoting the utilization of personal mobility devices. Aside from being accessible, there is an increasing need for customization and personalization in mobility devices. Consumers are looking for items that serve their practical requirements and represent their individual tastes and ways of living. This development has resulted in a rise in the selection of products, as manufacturers now provide a broader array of designs, features, and price options. The personal mobility devices market is growing as more individuals choose these devices to enhance their quality of life by meeting various user needs and preferences.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global personal mobility devices market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and end use.

Breakup by Product:

• Walking Aids
• Wheelchairs
• Scooters
• Others
   

Breakup by End Use:

• Hospitals and Clinics
• Home Care Settings
• Others
   

Breakup by Region:

• 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

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global personal mobility devices market. Detailed profiles of all major companies have also been provided. Some of the companies covered include:

• 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
• Sunrise Medical (US) LLC
   

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Personal Mobility Devices Market News:

• February 2024: Honda is introducing UNI-ONE, a hands-free mobility device that integrates virtual reality (VR) experiences, aiming to revolutionize entertainment and retail applications. The XR Mobility Experience will debut at SXSW 2024, allowing attendees to ride UNI-ONE and immerse themselves in VR adventures, showcasing the potential of the device for indoor and outdoor entertainment spaces.
• September 2024: Korea-based company Daewoo India has partnered with electric mobility startup eBikeGo to develop a range of personal mobility vehicles over the next five years. This collaboration aims to enhance the personal electric mobility segment by leveraging Daewoo's global presence and eBikeGo's innovative solutions.
• October 2024: Envo introduced the UPT, a modular e-mobility platform designed to meet various transportation needs. Inspired by smartphones, the UPT allows users to customize their vehicle with interchangeable parts and accessories. This innovative approach aims to enhance convenience and adaptability in urban mobility, catering to diverse user preferences and requirements. The platform is positioned as a versatile solution for personal and commercial use.

Report Coverage: