Global Personal Mobility Devices Market By Product (Wheelchairs, Walking Aids, Mobility Scooters, Medical Beds, Others), By End User (Hospitals and Clinics, Long-term Care Centers, Households, Others), By Sales Channel (Wholesalers and Distributors, Online Retailers, Multi-brand Stores, Specialty Stores), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033
- Published date: Oct 2024
- Report ID: 131770
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Report Overview
The Global Personal Mobility Devices Market size is expected to be worth around USD 23.6 Billion by 2033, from USD 12.1 Billion in 2023, growing at a CAGR of 6.9% during the forecast period from 2024 to 2033.
Personal mobility devices span a spectrum of transportation technologies tailored for individual use. These devices are classified into motorized and non-motorized categories. Motorized options like electric scooters, power wheelchairs, and electric bicycles enhance personal freedom for users of various ages and physical capabilities.
Meanwhile, non-motorized devices, including manual wheelchairs, walkers, and crutches, remain vital for those with mobility impairments, significantly improving their quality of life by meeting specific health and environmental needs.
The personal mobility devices market, a segment of the larger mobility industry, focuses on innovation, user safety, and adaptive technologies. This market offers everything from basic mechanical aids to advanced electronic vehicles, addressing needs ranging from urban transport solutions to accessibility aids for the disabled and elderly.
global demographic shifts like an aging population and the rising incidence of chronic diseases increase demand for mobility aids. Technological advancements enhance device accessibility and efficiency, while growing environmental consciousness boosts the appeal of eco-friendly transportation alternatives. Additionally, urbanization necessitates compact, flexible mobility solutions, particularly in densely populated cities where conventional vehicles are impractical.
Government policies and investments significantly influence the personal mobility devices market. For instance, California’s commitment to invest nearly $1 billion in bicycle and pedestrian infrastructure over the next four years underscores a growing governmental support for sustainable mobility solutions. This investment not only promotes the use of personal mobility devices but also ensures safer and more accommodating urban landscapes for their use.
Regulatory measures are also crucial in shaping the market; for example, Traficom’s regulations on the power and speed limits of walking-assisting mobility devices ensure safety without compromising the efficacy of these aids. Such policies are pivotal in fostering a controlled yet burgeoning market for personal mobility devices.
In the context of market impact, statistical data underscore the rising incidents and challenges associated with the adoption of personal mobility devices. The number of traffic cases involving these devices in the Russian Federation increased by 181.3% in 2023, indicating a surge in usage but also highlighting the need for enhanced safety regulations and user education.
Conversely, technological advancements have extended the micromobility range significantly; for example, some e-bikes now offer a range of more than 100 miles per charge, enhancing their appeal as viable transportation alternatives over traditional vehicles.
Health and demographic factors also play critical roles in shaping the personal mobility devices market. For instance, the appropriate use of walkers has been shown to reduce the risk of fall-related injuries in the elderly by up to 20%, according to recent studies. This statistic not only underscores the health benefits of mobility aids but also aids in driving consumer demand and trust in these products.
Furthermore, global statistics reveal that approximately 1.85% of the world’s population requires wheelchairs, with substantial numbers reported in specific countries like Australia. Such data not only highlight the significant dependency on these devices but also guide market players in targeting development and marketing efforts to meet this critical demand effectively.
Key Takeaways
- The Global Personal Mobility Devices Market is poised to expand from USD 12.1 billion in 2023 to USD 23.6 billion by 2033, with a CAGR of 6.9%.
- Wheelchairs led the product segment with a 46.4% market share in 2023, highlighting their critical role in enhancing mobility for the physically challenged.
- In 2023, hospitals and clinics were the largest end users of personal mobility devices, holding 43.4% of the market share, due to their crucial role in patient mobility and care.
- Wholesalers/distributors significantly shaped the market’s sales channel segment through their extensive networks and diverse inventory, enhancing product accessibility.
- North America dominated the regional market with a 36.5% share in 2023, driven by robust healthcare infrastructure.
Product Analysis
Mobility Device Trends: Wheelchairs Command 46.4% Market Share
In 2023, Wheelchairs held a dominant market position in the By Product Analysis segment of the Personal Mobility Devices Market, with a 46.4% share. This significant market share underscores the critical role wheelchairs play in enhancing mobility for individuals with physical limitations.
Walking aids, which include canes and crutches, followed as the second largest category. These aids are essential for those who retain some mobility but require additional support. Rollators also captured a substantial segment, offering a stable solution for users needing more support than traditional walking aids provide.
Mobility scooters emerged as a preferred choice for individuals seeking greater independence over longer distances, reflecting a growing demand among aging populations globally. Medical beds, critical for both home and healthcare facility use, held a smaller but vital market segment, crucial for patient recovery and care.
The Others category, encompassing a variety of niche mobility products, demonstrated the diverse needs and preferences across different user demographics. Collectively, these segments highlight the expanding scope of solutions available to enhance personal mobility, catering to a broad spectrum of needs and enhancing the quality of life for users worldwide.
End User Analysis
Hospitals & Clinics Lead in Personal Mobility Devices Usage with 43.4% Market Share
In 2023, Hospitals & Clinics held a dominant market position in the By End User Analysis segment of the Personal Mobility Devices Market, capturing a 43.4% share. This substantial market share is driven by the increasing adoption of mobility aids such as wheelchairs, scooters, and walkers within these facilities. Hospitals and clinics have been instrumental in integrating these devices to enhance patient mobility, thereby improving quality of care and operational efficiency.
Following hospitals and clinics, Long-term Care Centers also represent a significant portion of the market. These facilities rely on personal mobility devices to support the daily activities and independence of long-term residents. The demand in this sector is propelled by the aging population and the rising prevalence of mobility-related health issues among elderly individuals.
Households constitute another key user segment, as personal mobility devices become more accessible and tailored for home use. The shift towards home healthcare and the desire for independent living among seniors are key factors boosting the market in this segment.
The category labeled Others, which includes varied settings such as rehabilitation centers and community spaces, also shows a notable uptake in personal mobility devices. Each end-user segment exhibits unique growth dynamics, reflecting the diverse applications and increasing necessity of personal mobility solutions across different care settings.
Sales Channel Analysis
Wholesalers Dominate Personal Mobility Device Sales Channels in 2023
In 2023, Wholesalers/Distributors held a dominant market position in the By Sales Channel Analysis segment of the Personal Mobility Devices Market, with a significant percentage share. This prominence is largely attributed to their extensive networks and the ability to offer varied inventory, facilitating broad accessibility to products for consumers and businesses alike.
The rise of Online Retailers is notable, characterized by their rapid growth trajectory in the market. This channel benefits from the increasing consumer preference for convenience and the expansion of e-commerce platforms. Online retailers have effectively capitalized on digital marketing strategies and the widespread use of mobile devices, making personal mobility devices more accessible to a diverse consumer base.
Multi-brand Stores also play a crucial role in the distribution of personal mobility devices. These establishments offer consumers the advantage of physical verification of products before purchase, which remains a significant factor in consumer choice. Their ability to provide hands-on customer service and immediate product availability further strengthens their position in the market.
Specialty Stores, targeting specific consumer needs, focus on offering specialized products and expert advice. Their market share is supported by consumer loyalty and the provision of high-quality, tailored solutions that meet specific personal mobility needs, marking them as essential contributors to the industry’s landscape.
Key Market Segments
By Product
- Wheelchairs
- Manual wheelchairs
- Powered Wheelchairs
- Walking Aids
- Rollators
- Premium Rollators
- Low-Cost Rollators
- Others (Canes, Crutches, and Walkers)
- Mobility Scooters
- Medical Beds
- Others
By End User
- Hospitals & Clinics
- Long-term Care Centers
- Households
- Others
By Sales Channel
- Wholesalers/Distributors
- Online Retailers
- Multi-brand Stores
- Specialty Stores
Drivers
Market Expansion Driven by Aging Global Population
The personal mobility devices market is experiencing substantial growth, primarily propelled by the escalating global aging population. This demographic trend is increasing demand for mobility aids, as older individuals seek solutions to maintain independence and enhance their quality of life.
Concurrently, the rising incidence of mobility-related disabilities, stemming from lifestyle diseases and accidents, further amplifies the need for personal mobility devices. As healthcare infrastructures around the world advance, access to mobility solutions becomes more widespread, supporting the market’s expansion.
This development ensures that a broader range of consumers, especially in emerging economies, can obtain the necessary devices, thus broadening the market’s reach and intensifying its growth potential.
Restraints
Market Entry Challenges in the Personal Mobility Devices Sector
Regulatory complexities and high costs stand as significant restraints in the personal mobility devices market. Compliance with stringent regulations and standards can be a formidable barrier, particularly for new entrants aiming to introduce innovative products. These regulations, while essential for ensuring safety and efficacy, require manufacturers to navigate a labyrinth of compliance measures, potentially delaying product launches and adding substantial costs.
Furthermore, the high price tags associated with advanced personal mobility devices such as electric wheelchairs and scooters can deter widespread adoption, especially in markets where consumers are particularly sensitive to price. This economic factor limits the market’s expansion, as a substantial segment of potential users finds these devices financially inaccessible.
Consequently, these restraints not only affect the market dynamics by hindering the introduction of new and innovative solutions but also impact the accessibility of these crucial devices for those in need.
Growth Factors
Exploring Smart Technology Integration in Personal Mobility Devices
The personal mobility devices market is poised for growth through the integration of smart technologies. Smart and Internet of Things (IoT)-enabled devices enhance functionalities such as navigation, user monitoring, and remote diagnostics, making them particularly appealing in technologically advanced regions.
This integration not only improves user convenience and safety but also increases device utility, leading to higher adoption rates. Additionally, the development of eco-friendly devices responds to increasing consumer demand for sustainable solutions, presenting further innovation opportunities.
Collaborations with healthcare providers, such as hospitals and rehabilitation centers, can also amplify market penetration and acceptance. These partnerships ensure that the devices are tailored to meet the practical needs of users, thereby enhancing their effectiveness and user satisfaction.
By capitalizing on these strategic opportunities, stakeholders can address a broader range of consumer needs, driving market expansion and technological advancement in the personal mobility devices sector.
Emerging Trends
Electric Wheelchairs Lead Market Trends with Enhanced Usability and Flexibility
Electric wheelchairs are gaining traction as a top choice for enhanced mobility. The personal mobility devices market is experiencing significant transformation, driven by several key factors that cater to the increasing needs for autonomy and comfort among users.
First, the rising preference for electric wheelchairs underscores a shift toward devices that offer greater ease of use and flexibility, accommodating a broader range of mobility limitations. Moreover, advancements in artificial intelligence (AI) and robotics are being integrated into these devices, enhancing their functionality with features like automated control systems and sophisticated obstacle detection technologies. This integration not only improves user safety but also enriches the overall user experience by providing smoother and more reliable mobility.
Additionally, innovations in battery technology are pivotal; longer battery life and faster charging capabilities are emerging as critical attributes in powered mobility devices, addressing one of the most common concerns of users regarding operational longevity and convenience. These trends collectively reflect a market that is rapidly evolving to meet the dynamic needs of its consumers, emphasizing convenience, technology, and extended independence.
Regional Analysis
North America Leading with 36.5% Market Share, Valued at USD 4.4 Billion
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America, each displaying unique growth dynamics and opportunities influenced by demographic, economic, and regulatory factors.
North America emerges as the dominant region, commanding a substantial 36.5% market share, valued at USD 4.4 billion. This leadership can be attributed to a robust healthcare infrastructure, high healthcare expenditure, and a rising prevalence of chronic diseases that impair mobility. Additionally, the region’s aging population and increasing consumer awareness about advanced mobility solutions significantly drive demand.
Regional Mentions:
In Europe, the market is driven by similar demographic trends, including an aging population and increasing chronic disorders. Strong government support and subsidies for personal mobility aids enhance accessibility and affordability, propelling the market forward. European manufacturers are also pivotal in pioneering innovative products that comply with stringent safety regulations, further bolstering the regional market.
The Asia Pacific region is witnessing the fastest growth in the personal mobility devices market, thanks to rapidly developing healthcare sectors, increasing disposable incomes, and greater health consciousness among the population. Countries like China and India are at the forefront, spurred by large elderly populations and urbanization trends that demand enhanced mobility solutions.
Meanwhile, the Middle East & Africa region shows promising growth potential, driven by improving healthcare infrastructure and increasing investments by private and public sectors in healthcare facilities. Although the market here is smaller, growing awareness and economic development are set to accelerate adoption rates.
Latin America, while still an emerging market for personal mobility devices, benefits from gradual improvements in healthcare infrastructure and rising healthcare spending. The region’s market growth is modest but steady, supported by a growing middle-class population and increased government initiatives aimed at improving healthcare access.
Key Regions and Countries covered іn thе rероrt
- North America
- US
- Canada
- Europe
- Germany
- France
- The UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Key Players Analysis
In the global Personal Mobility Devices Market, three major players—Medline Industries, Inc., Briggs Healthcare, and Rollz International—have significantly shaped the industry landscape in 2023. Each of these companies has contributed uniquely to the market’s growth and evolution.
Medline Industries, Inc. has continued to dominate the personal mobility devices sector through its comprehensive range of products that cater to varied mobility needs. The company’s strategic focus on innovation and quality assurance has been pivotal. Medline’s emphasis on ergonomic designs and patient comfort has allowed it to maintain a strong market presence, ensuring its devices meet the rigorous demands of both healthcare providers and end-users.
Briggs Healthcare has established itself as a key competitor through its focus on durability and user safety. Its products are designed with the elderly and disabled in mind, which has enabled it to capture a significant share of the market. Briggs Healthcare’s commitment to affordability without compromising on functionality has made its products highly desirable in cost-sensitive markets, thereby enhancing its penetration in both developed and developing regions.
Rollz International, known for its specialized rollators and walkers, has carved a niche in the high-end personal mobility market. The company’s innovative approach to integrating style with functionality appeals to a segment of the market looking for premium options. Rollz International’s focus on compact, foldable designs that cater to an active lifestyle differentiates it from competitors and aligns well with the growing trend of mobility independence among aging populations.
Top Key Players in the Market
- Medline Industries, Inc.
- Briggs Healthcare
- Rollz International
- Invacare Corporation
- NOVA Medical Products
- Performance Health
- Carex Health Brands, Inc.
- Drive DeVilbiss Healthcare
- GF Health Products, Inc.
- Kaye Products, Inc.
Recent Developments
- In June 2024, WHILL, Inc. successfully secured $45 million in a recent funding round. This investment is aimed at enhancing the company’s growth in the personal mobility sector.
- In June 2024, Platinum Equity announced the acquisition of Sunrise Medical, signaling a strategic expansion into the healthcare and mobility aid markets.
- In October 2024, American Airlines made a significant investment exceeding $175 million to improve infrastructure and training. This initiative is designed to enhance the travel experience for customers using wheelchairs and other mobility aids.
- In August 2024, ZEEKR, part of the Geely Holding Group, announced receiving a $500 million equity investment from multiple companies, including a notable $100 million from Intel Capital. This investment underscores ZEEKR’s innovation in electric mobility and technology solutions.
- In February 2024, Honda announced the global debut of a pioneering extended reality (XR) experience at SXSW. The Honda XR Mobility Experience will merge virtual reality (VR) with the physical enjoyment of Honda’s hands-free personal mobility device, the UNI-ONE.
Report Scope
Report Features Description Market Value (2023) USD 12.1 Billion Forecast Revenue (2033) USD 23.6 Billion CAGR (2024-2033) 6.9% Base Year for Estimation 2023 Historic Period 2019-2022 Forecast Period 2024-2033 Report Coverage Revenue Forecast, Market Dynamics, Competitive Landscape, Recent Developments Segments Covered By Product (Wheelchairs, Walking Aids, Mobility Scooters, Medical Beds, Others), By End User (Hospitals & Clinics, Long-term Care Centers, Households, Others), By Sales Channel (Wholesalers/Distributors, Online Retailers, Multi-brand Stores, Specialty Stores) Regional Analysis North America – US, Canada; Europe – Germany, France, The UK, Spain, Italy, Rest of Europe; Asia Pacific – China, Japan, South Korea, India, Australia, Singapore, Rest of APAC; Latin America – Brazil, Mexico, Rest of Latin America; Middle East & Africa – South Africa, Saudi Arabia, UAE, Rest of MEA Competitive Landscape Medline Industries, Inc., Briggs Healthcare, Rollz International, Invacare Corporation, NOVA Medical Products, Performance Health, Carex Health Brands, Inc., Drive DeVilbiss Healthcare, GF Health Products, Inc., Kaye Products, Inc. Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Personal Mobility Devices MarketPublished date: Oct 2024add_shopping_cartBuy Now get_appDownload Sample - Medline Industries, Inc.
- Briggs Healthcare
- Rollz International
- Invacare Corporation
- NOVA Medical Products
- Performance Health
- Carex Health Brands, Inc.
- Drive DeVilbiss Healthcare
- GF Health Products, Inc.
- Kaye Products, Inc.
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