According to a new report published by Allied Market Research, titled, Personal Mobility Devices Market by Product and End User: Global Opportunity Analysis and Industry Forecast, 2020–2027," the global personal mobility devices market size was valued at $7.70 billion in 2019, and is projected to reach $14.59 billion by 2027, registering a CAGR of 7.1% from 2020 to 2027. Devices that are solely used by a patient or an individual with mobility impairment for movement or locomotion are considered as personal mobility devices. These devices are mainly used in providing assistance to individuals with physical disabilities and can be manual or motorized (powered). Some of these devices include manual wheelchairs, walkers, crutches, roller, power wheelchair, lift chairs, mobility scooter, and others. Personal mobility devices are remarkably tailored for disabled patients to deliver additional assistance to walk and accomplish their personal tasks self-sufficiently. For instance, visually impaired people can make use of white cane to walk. Besides, mobility aids, such as knee scooters, transferring chairs, and other convertible chairs, along with adaptive technology provide better help to the patients for ambulation.
One of the major trends in the personal mobility devices market is surge in geriatric population across the globe, which leads to an increase in demand for mobility assistance device such as wheelchairs, rollers, and canes. Furthermore, the market growth is supplemented by rising incidences of chronic diseases such as rheumatoid arthritis and osteoporosis over the forecast period. Surge in number of spinal cord injuries, growth in obese population, and a gradual shift of patients toward homecare settings are some of the other factors impelling the market growth. For instance, as per the statistics published by the National Spinal Cord Injury Statistical Center, 314 million people in the U.S. suffered from spinal cord injury in 2019, which led to disability. Moreover, higher rate of acceptance of automated mobility devices and increase in number of accidents leading to walking disability are further expected to drive the personal mobility devices market growth. For instance, as per CDC, 18.2 million adults in the U.S. were having walking disability in 2018.
The research report categorizes the personal mobility devices market based on product, end user, and region. 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 wheelchair segment accounted for the largest revenue share of over 56.9% in 2019 and is expected to continue its dominance over the forecast period, owing to one of the most common and popular mobility assisted devices used among mobility impairment patients. Furthermore, manual wheelchairs are anticipated to garner the largest market share in the personal mobility devices market for wheelchairs. This is majorly attributed to the widespread use of manual wheelchairs among existing patients worldwide and their cost-effectiveness. On the contrary, the powered wheelchairs segment is expected to register significant CAGR due to increasing acceptance and growing penetration of advanced wheelchairs across emerging economies.
Based on end user, the personal mobility devices market is categorized into hospitals, homecare and others. The homecare segment garnered the largest share in the market owing to rising prevalence of chronic diseases among geriatric population and their dependency on mobility aids for locomotion. Furthermore, the hospitals segment accounted for the second largest share in the market by end user, owing to availability of well-equipped & advanced mobility devices, rising cases of road accidents & emergency hospitalizations, and surge in admissions of patients suffering from chronic illnesses that may require mobility assistance.
Key Findings Of The Study
- Based on product, the mobility scooters segment is projected to grow at the highest rate during the analysis period.
- South Africa is projected to grow at a CAGR of 6.0%.
- North America registered the largest personal mobility devices market share in 2019, and is projected to maintain its lead until 2027.
Region-wise, the market has been analyzed across four regions, North America, Europe, Asia-Pacific, and LAMEA. Presently, North America is projected to dominate the personal mobility devices market during the analysis period. This is majorly attributed to large pool of patients suffering from mobility ailments. Moreover, supportive rules & regulations in reducing higher hospital invoices burden and reimbursements are some of the other factors propelling the adoption of personal mobility devices among Americans. For instance, in Canada, the Department of Health and Long-Term Care offers provision and financial support to Ontario citizens with a long-standing disability under the Assistive Devices Program. The program covers the cost of devices such as wheelchairs, walkers, scooters, rollators, and specialized seating. On the contrary, Asia-Pacific is projected to register the highest CAGR due to surge in geriatric population notably in East Asian countries such as China and Japan, increasing awareness regarding personal mobility devices, rise in cases of limb 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.