Personal Mobility Devices Industry Overview
The global personal mobility devices market size is expected to reach USD 29.8 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.3% from 2022 to 2030. The increasing R&D investments for the development of advanced mobility products and government initiatives to support reimbursement policies are some of the key factors boosting the market growth. The rising geriatric population and prevalence of chronic diseases, such as Parkinson’s, arthritis, and Alzheimer’s, are expected to drive the market over the forecast period.
The market is disrupted due to the COVID-19 pandemic during the second quarter of 2020 which affected the shipping and transportation of the devices. The decreasing production of these devices due to the pandemic has severely affected the industry's growth. The prices of wheelchairs and scooters have also been affected due to a decrease in the demand for the product. The market is likely to grow at a lucrative rate after the second half of 2020 as there is the ease of restrictions and an increase in the demand and requirement of the devices.
Personal Mobility Devices Market Segmentation
Grand View Research has segmented the global personal mobility devices market based on product and region:
Based on the Product Insights, the market is segmented into Walking Aids, Wheelchairs, Scooters.
The wheelchair segment dominated the market for personal mobility devices and accounted for the largest revenue share of over 41.2% in 2021. The segment is expected to retain the leading position throughout the forecast period.
Wheelchairs are one of the most common assistive devices used in personal mobility. United Nations provides appropriate legislation for requesting member states in supporting the development, production, distribution, and servicing of these mobility devices.
The usage of appropriate wheelchairs enhances the quality of life, reduces common problems, such as deformities and pressure sores, and improves digestion and respiration.
There are approximately 2 million new users every year, which translates to increased demand for wheelchairs in the country. Powered wheelchairs emerged as the largest sub-segment, in terms of revenue, in 2021.
The increasing global geriatric population, chronic diseases, and growing adoption of powered wheelchairs are the key factors responsible for the growth of the wheelchair market.
Personal Mobility Devices Regional Outlook
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Companies Profile & Market Share Insights
The market players are focusing on adopting various growth strategies, such as partnership and expansion of product portfolio, to retain their market position. For instance, in June 2021, Rollz international launched a new Rollz Flex 2 rollator which provides better comfort, stability, and design to the user. This rollator is among the most innovative creations of the company.
Some prominent players in the global personal mobility devices market include
Drive DeVilbiss Healthcare
GF Health Products, Inc.
Invacare Corporation
Carex Health Brands, Inc.
Kaye Products, Inc.
Briggs Healthcare
Medline Industries, Inc.
NOVA Medical Products
Performance Health
Rollz International
Order a free sample PDF of the Personal Mobility Devices Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.