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.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Personal Mobility
Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2023-2028," the global personal mobility devices market size
reached US$ 12.2 Billion in 2022.
Personal mobility devices (PMDs) are compact, motorized assistive vehicles
that facilitate human transportation for patients suffering from mobility
impairment for ambulation. These can be manual or electric motor-powered,
easy to operate, help individuals move independently and freely, and minimize
pain. PMD includes a wide range of devices, such as canes, walkers, forearm
crutches, roll-abouts, rolling walkers with seats, triangular walkers, and ankle-
foot orthotics. These devices offer significant benefits by increasing people’s
mobility while some devices even offer substitution for automobile travel.
PMDs are typically designed to be easy to maneuver in tight spaces and are
generally less expensive than conventional transportation options, such as
cars or motorcycles, thereby making them ideal for urban environment. They
are also portable, which makes them a convenient transportation option for
individuals residing in urban areas or having limited storage space. Some of
the PMDs, such as electric bicycles and scooters, provide individuals suffering
from mobility issues a more accessible and independent way to travel as well
as exercise and stay active.
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4. Report Description
Global Personal Mobility Devices Market Trends:
The global market is majorly driven by the growing prevalence of chronic orthopedic and neurological disorders, such as
cerebral palsy, muscular dystrophy, and arthritis, among the masses. This can be attributed to the growing geriatric
population that is more susceptible to developing these medical conditions as well as injuries that require medical
assistance. In line with this, continual technological developments in the manufacturing of advanced mobility devices,
such as automated scooters, transfer lifts, and rollators with enhanced portability, are providing an impetus to the market.
Moreover, the introduction of favorable reimbursement policies by the government of several countries for the purchase
and rental of PMDs is also creating lucrative growth opportunities in the market. Additionally, numerous product
innovations, such as the integration of artificial intelligence (AI) and the internet of things (IoT) technology in smart
PMDs facilitating real-time data updates to smart devices for constant monitoring, are acting as another significant
growth-inducing factor for the market. Furthermore, the growing adoption of numerous strategic initiatives by the key
players, such as mergers and acquisitions (M&As), partnerships and collaborations, to enhance their geographical
presence is also creating a positive market outlook. Some of the other factors contributing to the market include the rapid
utilization of PMDs in commercial areas, such as airports, train stations, shopping malls, and restaurants, the growing
awareness regarding the advantages of PMDs, easy product availability across online and offline organized retail
channels, and extensive research and development (R&D) activities.
Looking forward, the market is anticipated to reach a value of US$ 17.1 Billion by 2028, exhibiting a CAGR
of 5.3% during 2023-2028.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/personal-mobility-devices-market
5. Report
Segmentation
Breakup by Product:
• Walking Aids
• Wheelchairs
• Scooters
• Others
Breakup by End Use:
• Hospitals and Clinics
• Home Care Settings
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
6. Competitive
Landscape with
Key Players
• 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
• Sunrise Medical (US) LLC.
7. Key Questions
Answered in
the Report
What was the size of the global personal mobility devices
market in 2022?
What is the expected growth rate of the global personal
mobility devices market during 2023-2028?
What has been the impact of COVID-19 on the global personal
mobility devices market?
What are the key factors driving the global personal mobility
devices market?
What is the breakup of the global personal mobility devices
market based on the product?
What is the breakup of the global personal mobility devices
market based on the end use?
What are the key regions in the global personal mobility
devices market?
Who are the key players/companies in the global personal
mobility devices market?
8. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Personal Mobility Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 W alking Aids
6.1.1 Mark et Trends
6.1.2 Mark et Forecast
6.2 W heelchairs
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Scooters
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
9. Table of
Contents
6.4 Others
6.4.1 Mark et Trends
6.4.2 Mark et Forecast
7 Market Breakup by End Use
7.1 Hospitals and Clinics
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Home Care Settings
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Others
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Mark et Trends
8.1.1.2 Mark et Forecast
8.1.2 Canada
8.1.2.1 Mark et Trends
8.1.2.2 Mark et Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Mark et Forecast
8.2.2 Japan
8.2.2.1 Mark et Trends
8.2.2.2 Mark et Forecast
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market/toc