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The global personal mobility devices market size is estimated to grow by USD 3.75 billion at a CAGR of 7.68% between 2023 and 2028.
The surge in orthopedic and neurological conditions is driving demand for personal mobility devices. Orthopedic issues like arthritis, knee problems, and post-surgery recovery necessitate devices like wheelchairs for independent movement. Medical emergencies and increasing surgeries further propel the market, especially for the elderly facing conditions like arthritis. Electric wheelchairs, customized for arthritis patients, offer enhanced comfort. The rising incidence of spinal muscular atrophy amplifies demand, as patients require mobility aids due to muscle weakness. Specialized products, such as bariatric electric wheelchairs for obese individuals, cater to diverse needs. The growing prevalence of orthopedic and neurologic disorders is expected to fuel the global personal mobility devices market during the forecast period.
Technavio has segmented the market into End-user, Product, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our market analysis and report examines historical data from 2018-2022, besides analyzing the current market scenario.
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The market share growth by the homecare segment will be significant during the forecast period. An aging population and a rising prevalence of chronic health conditions such as heart disease, chronic respiratory disease, and others have led to an increased need for mobility assistance in home settings. Additionally, advancements in healthcare policies promoting aging in place and the preference for home-based care contribute to the growing demand for personal mobility devices in homecare settings.
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The homecare segment was valued at USD 3.80 billion in 2018. Personal mobility devices facilitate mobility and self-care at home, aligning with the trend toward decentralized healthcare. Innovations in personal mobility devices, such as lightweight and foldable wheelchairs, advanced rollators, and smart mobility scooters, contribute to the market's growth. These technologies enhance user experience, convenience, and ease of use, making them suitable for homecare settings. Hence, the growing aging population, the increasing prevalence of chronic conditions, and a preference for home-based care will contribute to the growth of the global personal mobility devices market through the homecare segment during the forecast period.
Wheelchairs consist of manual wheelchairs and powered wheelchairs, which are used by people with limited mobility. During recovery from accidents, chronic medical conditions, or surgeries, the mobility of a person is less, which requires the use of a wheelchair. Apart from this, limited mobility is associated with the geriatric population owing to aging. Due to the rise in the geriatric population, the demand for wheelchairs is growing substantially. To meet the increasing demand for wheelchairs, market players are strengthening their distribution network and introducing new products through strategic investments in R&D. Additionally, the rise in product penetration in regional markets and an increase in the affordability of customers in developing countries such as India are likely to boost the wheelchairs segment growth in the global personal mobility devices market during the forecast period.
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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. In 2023, the US dominated the North American personal mobility devices market, primarily driven by the increasing aging population. The Centers for Disease Control and Prevention (CDC) reported that from 2019 to 2021, 21.2% of US adults, approximately 53.2 million people, had doctor-diagnosed arthritis. The CDC projects that by 2040, 78 million adults aged 18 and above will have arthritis, necessitating personal mobility devices like wheelchairs for independent mobility. Additionally, the prevalence of brain strokes, causing substantial long-term disability and 150,000 annual lower limb loss cases in the US, further fuels the demand for personal mobility devices. Robust market players' presence, extensive distribution networks, and supportive reimbursement policies, such as Medicare in the US, contribute to the growth of the market in the North American region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Comfort Orthopedic Co. Ltd.: The company offers personal mobility devices such as LY EW402 U Medium Mobility Scooter, and LY EW402 PLUS Medium Mobility Scooter.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth analysis. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges.
Automation of manually operated personal mobility products is the primary trend shaping market growth. Clinical mobility products such as wheelchairs are used in healthcare facilities to improve the mobility of patients. In recent years, with the advances in technology, personal mobility products have become automated and can be controlled and operated with minimal human effort. Various research programs, such as smart wheelchair systems and electric wheelchairs, have been undertaken to design a smart, powered wheelchair that can be controlled by mobile apps or Bluetooth devices. In the US and Canada, powered wheelchairs and smart chairs are adopted by people due to their high disposable income and healthcare spending.
Moreover, the rapid adoption of personal mobility products in countries such as Germany, the UK, and France is drawing the attention of manufacturers and suppliers to expand their businesses in developed countries. This business expansion includes innovation in wheelchairs and other premium mobility products. Premium products will generate more revenue for companies, which will positively impact the global personal mobility devices market during the forecast period.
The high cost associated with personal mobility devices is a challenge that affects market growth. Aligning with market trends and analysis, technological advances and the addition of new features increase the cost of personal mobility devices, which is hindering the growth of the market in focus. The high cost of personal mobility devices made them unaffordable for many users. Furthermore, in many of the developed and developing countries, the government does not provide reimbursements for these products, which limits the adoption of technologically advanced personal mobility devices.
Consequently, the high cost of personal mobility devices and the lack of reimbursements will adversely affect the global personal mobility devices market. Furthermore, high costs associated with technologically advanced personal mobility devices will hinder their adoption, particularly in economies with low disposable income, and in turn will hamper the growth of the increasing number of orthopedic and neurologic disorders, which is expected to hamper the growth of the global personal mobility devices market during the forecast period.
The market report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Personal Mobility Devices Market Customer Landscape
The personal mobility devices market report forecasts market growth and forecasting by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends from 2018 to 2028.
Personal Mobility Devices Market Scope |
|
Report Coverage |
Details |
Page number |
150 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.68% |
Market Growth 2024-2028 |
USD 3.75 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.69 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 37% |
Key countries |
US, Germany, France, China, and India |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Comfort Orthopedic Co. Ltd., ComfyGO Inc., GF Health Products Inc., Golden Technologies, Hoveround Corp., Invacare Corp., Karma Medical Products Co. Ltd., LEVO AG, Matsunaga Manufactory Co. Ltd., Medical Depot Inc., MEYRA GROUP, Ottobock SE and Co. KGaA, Permobil AB, Pride Mobility Products Corp., Roma Medical, Sunrise Medical LLC, Tzora Active Systems Ltd., Vermeiren Group, WHILL Inc., and YATTLL Industry Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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