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. 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.
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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Personal Mobility Devices Market Trends and Drivers:
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.
The report has segmented the market into the following categories:
Breakup by Product:
- Walking Aids
Breakup by End Use:
- Hospitals and Clinics
- Home Care Settings
Market Breakup by Region:
- 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
Competitive Landscape with Key Player:
- 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 and Sunrise Medical (US) LLC.
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