Personal Mobility Devices Market 2023, Size, Growth, Share and Forecast 2028

IMARC Group, a leading market research company, has recently releases report titled “Personal Mobility Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global personal mobility devices market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the personal mobility devices market?

Report AttributesDetails
Market Size in 2022US$ 12.2 Billion
Market Forecast in 2028US$ 17.1 Billion
Growth rate (2023 to 2028)CAGR of 5.3%
Base Year of the Analysis2022
Forecast Period2023-2028

What is personal mobility devices?

Personal mobility devices (PMDs) are compact, motorized vehicles designed to assist individuals with mobility impairment in ambulation. These vehicles can be manual or electrically powered, allowing individuals to move freely and independently while providing pain relief and improved mobility. Some commonly available PMDs are walkers, forearm crutches, roll-about, canes, triangular walkers, rolling walkers with seats, and ankle-foot orthotics. They are easy to operate, cost-effective, portable, prevent injuries, and provide an increased range of mobility. As a result, PMDs are widely adopted in home care settings, hospitals, and clinics across the globe.

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What are the growth prospects and trends in the personal mobility devices?

The market is primarily driven by the rising number of accidents causing impairment of limbs or disabilities. In addition, the increasing occurrences of chronic medical orthopedic and neurological disorders such as muscular dystrophy, arthritis, and cerebral palsy are contributing to market growth. In line with this, the growing geriatric population that is susceptible to these medical ailments, and injuries requiring medical assistance are accelerating the product adoption rate. Moreover, the integration of artificial intelligence (AI) and the Internet of Things (IoT) technology in smart PMDs allowing real-time data updates for constant monitoring, represents another major significant growth-inducing factor.

Besides this, various governments are implementing favorable reimbursement policies for purchasing and renting PMDs, thus influencing the market growth. Along with this, the introduction of advanced mobile devices such as transfer lifts, automated scooters, and rollators with enhanced portability and easy availability across online and offline retail channels is propelling the market growth. Furthermore, the rising disposable income, increasing healthcare expenditure capacities, and extensive research and development (R&D) activities are creating a positive market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product: 

  • Walking Aids
  • Wheelchairs
  • Scooters
  • Others

Breakup by End Use:

  • Hospitals and Clinics
  • Home Care Settings
  • Others

Breakup by Geography:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • 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.

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