The global personal mobility devices market size reached US$ 12.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.
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:
The increasing number of individuals with chronic medical conditions like orthopedic and neurological disorders represents one of the major factors positively influencing the demand for PMDs around the world. It can also be attributed to the rising aging population, which is more prone to these ailments. In addition, the expanding number of serious road accidents leading to severe injuries is catalyzing the demand for PMDs worldwide. Apart from this, the growing utilization of PMDs by individuals with physical disabilities in commercial areas, such as shopping malls, restaurants, airports, and train stations, is creating a positive outlook for the market. Furthermore, the easy availability of favorable reimbursement policies for purchased and rented PMDs is propelling the market growth. Besides this, key players are introducing smart PMDs integrated with the internet of things (IoT) technology for allowing the transfer of data in real-time to smartphones for constant monitoring. Moreover, the increasing public awareness about the benefits of utilizing PMDs and extensive research and development (R&D) activities by key players on developing more comfortable and innovative products are anticipated to offer lucrative growth opportunities to industry investors.
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 2023-2028. Our report has categorized the market based on product and end use.
Breakup by Product:
Breakup by End Use:
Hospitals and Clinics
Home Care Settings
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Sunrise Medical (US) LLC.
Base Year of the Analysis
Product, End Use, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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 and Sunrise Medical (US) LLC
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Key Questions Answered in This Report
The global personal mobility devices market was valued at US$ 12.2 Billion in 2022.
We expect the global personal mobility devices market to exhibit a CAGR of 5.3% during 2023-2028.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of personal mobility devices, such as anes, walkers, triangular walkers, etc., across the healthcare sector to handle critical coronavirus-infected patients.
The advent of smart Personal Mobility Devices (PMDs) integrated with the IoT technology, which allows transfer of data in real-time into smartphones for constant monitoring, is primarily driving the global personal mobility devices market.
Based on the product, the global personal mobility devices market has been segregated into walking aids, wheelchairs, scooters, and others. Among these, wheelchairs currently account for the majority of the global market share.
Based on the end use, the global personal mobility devices market can be bifurcated into hospitals and clinics, home care settings, and others. Currently, home care settings exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global personal mobility devices market 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, and Sunrise Medical (US) LLC.
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