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2021

Personal Mobility Devices Market

Personal Mobility Devices Market Size, Share, Competitive Landscape and Trend Analysis Report by Product and End User - Global Opportunity Analysis and Industry Forecast, 2020-2027

LS : Medical Devices & Supplies

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Author's: Swapna Singh| Snehal Manjrekar | Roshan Deshmukh
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Personal Mobility Devices Market Overview:

The global personal mobility devices market size was valued at $7,704.77 million in 2019, and is expected to reach $14,591.76 million by 2027, growing at a CAGR of 7.1% from 2020 to 2027. Personal mobility devices facilitate human transportation individually. These can be manual or powered, typically used by patients suffering from mobility impairment for ambulation. Some of these devices include walkers, wheelchairs, rollators, canes, and crutches. 

The personal mobility devices market is expected to witness significant growth during the forecast period due to technological advancements in devices such as making them portable & easy to access. In addition, increase in prevalence of chronic diseases, such as coronary heart disease, heart failure, diabetes, rheumatoid arthritis, and osteoarthritis, across the globe further supplements the market growth. Similarly, considerable increase in geriatric population across the world, which is highly susceptible to injuries or medical conditions that require medical assistance, contributes toward the growth of the personal mobility devices market. However, the high cost associated with these devices, limited expertise, and complications related to the use of personal mobility devices are some of the major factors obstructing the market growth over the forecast period. On the other hand, advancement in medical devices technology concerned with mobility of patients and surge in demand for personal mobility devices among the emerging nations of the world are anticipated to provide profitable opportunities for the growth of the market in near future. 

Personal-Mobility-Devices--Market

COVID-19 Impact

The COVID-19 pandemic has resulted in nationwide lockdowns, thereby impacting every industry vertical. Similarly, the personal mobility devices market is also affected by the pandemic. The personal mobility devices industry is currently facing new challenges to cope up with the demand and supply of personal mobility devices components, owing to COVID-19. In addition, inconsistent and interrupted supply chain activities and unavailability of human resources are expected to impact the personal mobility devices market growth negatively. Moreover, patients with chronic and physical disabilities are unable to adhere to the social distancing norms and guidelines to limit the spread of COVID-19. For instance, self-isolation is not possible for a person with disability as they require continuous assistance from caregivers or medical helpers. As a result, this poses a threat for the attendants themselves. This has greatly impacted the use of personal mobility devices among end users. In addition, the pandemic has also affected the ability of end users to gain access to these devices, owing to stricter lockdowns and transport limitations. Therefore, the aforementioned reasons are expected to have a negative impact on the growth of the market during the pandemic phase. 

Product segment review

Based on product, the market is segmented into walking aids, wheelchairs, and scooters. Under the walking aids segment, the market is further categorized into rollators and others. Under the wheelchairs segment, the personal mobility devices market is further bifurcated into manual and powered. The wheelchairs segment is predicted to dominate the personal mobility devices market by product, owing to advancements and continuous evolution in the design and features of the device. Manufacturers across the globe are engaged in developing innovative aspects in the design of wheelchairs, including robust wheels, increasing maneuverability, and models with shifting weight capabilities for increasing comfort and reliability. In addition, introduction of electric wheelchairs has significantly reduced the burden on patients by allowing the movement of chairs with electric buttons. For instance, Invacare Corporation offers power wheelchairs such as Storm Series and TDX Series. Similarly, features, such as monitoring health of patients, options for making calls during emergencies, and maintaining medical history of patients, are some of the other attributes that are gaining popularity in the market, thereby increasing the adoption of wheelchairs among patients. 

Furthermore, increasing number of patients with Muscular dystrophy, Parkinson's disease, Scoliosis, Amyotrophic Lateral Sclerosis (ALS), Spina Bifida, traumatic brain injury, arthritis, and diabetes that are more vulnerable to mobility disorders and may require wheelchairs is anticipated to impel the market growth further. 

Personal Mobility Devices Market- Global Opportunity Analysis and Industry Forecast, 2020-2027
By Product
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Wheelchairs segment held a dominant position in 2019 and would continue to maintain the lead over the forecast period.

End user segment review

Based on end user, the market is segmented into hospitals, homecare and others. The homecare segment is anticipated to garner the largest share in the market by end user, owing to increasing incidences of arthritis and chronic disabilities among the older population. This age group is less ambulatory and requires mobility aids at their home. As a result, the adoption of personal mobility devices among elderly population is all set to increase in near future, thereby driving the growth of the end user segment over the analysis period. Furthermore, the hospitals segment is expected to be the second largest segment over the forecast period. This is attributed to substantial number of patients suffering from walking ailments, availability of advanced mobility devices, and increasing number of day-to-day accident cases. 

Personal Mobility Devices Market- Global Opportunity Analysis and Industry Forecast, 2020-2027
By End User
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Homecare segment is projected as one of the most lucrative segment.

Region segment review

North America is anticipated to garner the largest share in the personal mobility devices market, and is expected to continue its dominance over the forecast period. This is majorly attributed to the large patient population within the region. For instance, as per the data published by the Bureau of Transportation Statistics, U.S. Department of Transportation, a projected 25.5 million Americans have disabilities that make traveling outside their home difficult. On the other hand, the Asia-Pacific personal mobility devices market is expected to be the fastest growing market, owing to factors such as overall surge in geriatric population (most prominently in East Asian countries such as China and Japan), increasing awareness regarding personal mobility devices, surge in the cases of limbs dysfunctions and disorders, and improved healthcare access. 

Key players profiled in this report include Briggs Healthcare, Carex Health Brands, Inc., Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Medline Industries Inc., Pride Mobility Products Corp., Rollz International, Stryker Corporation, and Sunrise Medical LLC.

Personal Mobility Devices Market- Global Opportunity Analysis and Industry Forecast, 2020-2027
By Region
2027
North America 
Europe
Asia-Pacific
LAMEA

North America was holding a dominant position in 2019 and would continue to maintain the lead over the analysis period.

Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current trends and forecast estimations from 2019 to 2027, which assists to identify the prevailing personal mobility devices market opportunities. 
  • An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of factors that drive and restrain the growth of the global personal mobility devices market is provided.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2027 in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the personal mobility devices market are profiled in this report and their strategies are analyzed thoroughly, which help in understanding competitive outlook of the global personal mobility devices market.

Key Market Segments

By Product 

  • Walking Aids
    • Rollators
    • Others (Canes, Crutches, and Walkers)
  • Wheelchairs
    • Manual
    • Powered
  • Scooters

By End User 

  • Hospitals
  • Homecare
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Personal Mobility Devices Market Report Highlights

Aspects Details
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By PRODUCT
  • Walking Aids
  • Wheelchairs
  • Scooters
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By END USER
  • Hospitals
  • Homecare
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

Sunrise Medical (US) LLC, GF Health Products, Inc., Invacare Corporation, Drive DeVilbiss Healthcare, Rollz International, Pride Mobility Products Corp., Carex Health Brands, Inc., Medline Industries Inc., Stryker Corporation, Briggs Healthcare, Inc.

Analyst Review

The adoption of personal mobility devices for mobility impairment has witnessed a significant increase over the past two decades. This is majorly attributed to surge in number of patients with walking ailments and disabilities. Surge in older population that is more susceptible to walking impairments, owing to chronic and lifestyle diseases is expected to drive the growth of the market. Furthermore, patients suffering from Spina Bifida, traumatic brain injury, and arthritis that may require wheelchair assistance are further anticipated to bolster the market growth. Similarly, increase in awareness pertaining to automated devices that aid mobility and rise in number of accidents requiring temporary mobility assistance are expected to impel the growth of the personal mobility devices market in near future. Conversely, higher costs associated with the devices, complications in using personal mobility devices, and lack of expertise might hinder the growth of the market.  

Furthermore, North America dominated the global personal mobility devices market in terms of revenue, whereas the Asia-Pacific region is expected to grow at a prominent CAGR during the forecast period.

Author Name(s) : Swapna Singh| Snehal Manjrekar | Roshan Deshmukh
Frequently Asked Questions?

The total market value of Personal Mobility Devices Market is $7,704.77 million in 2019

The forecast period in the report is from 2020 to 2027

The market value of Personal Mobility Devices Market in 2020 was $9,048.15 Million

The base year for the report is 2019

Yes, Personal Mobility Devices companies are profiled in the report

The top companies that hold the market share in Personal Mobility Devices Market are Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Carex Health Brands, Inc., Briggs Healthcare, Stryker Corporation, Pride Mobility Products Corp., Sunrise Medical (US) LLC, Medline Industries Inc., Rollz International.

No, there is no value chain analysis provided in the Personal Mobility Devices Market report

The key trends in thePersonal Mobility Devices Market are increase in old age population R&D activities and advantages of Personal Mobility Devices in hospitals.

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Personal Mobility Devices Market

Global Opportunity Analysis and Industry Forecast, 2020-2027