The global personal mobility devices market is growing at a moderate CAGR of around 6.0% during the forecast period. The market growth is driven by the growing number of disability cases due to road accidents and the increasing incidence of spinal cord injuries. As per the data published by the National Spinal Cord Injury Statistical Center, as of 2019, in the US, the annual incidence of spinal cord injury is approximately 54 cases per one million people, or nearly 17,730 new spinal cord injuries cases each year. Along with these, the market is also driving by the increasing geriatric population across the globe. Elderly people are more prone to fall risk, hence create demand for walking aids such as canes, crutches and walkers. Further, advancement in walking aid technologies is creating enormous opportunities for the personal mobility devices industry in the near future. Mobility scooters, automated rollators, and transfer lifts are now powered with batteries which helps disabled patients to move around without any support. 

There are various government initiatives to enhance mobility devices which are contributing to market growth. For instance, the GATE initiative introduced by WHO to improve global access to assistive products across the globe through promoting access to assistive technology by increasing awareness among people.Under this initiative, the WHO Priority Assistive Products List includes hearing aids, wheelchairs, communication aids, spectacles, artificial limbs, pill organizers, memory aids and other essential products for older people and people with disabilities. Thus, the demands for mobility devices are propelling the growth of the market during the forecast period. 

The Indian government has taken initiatives such as Assistance to Disabled Persons for purchase appliances to aids disabled people in promoting psychological, social rehabilitation of people with disabilities through reducing incapability owing to disability and improving the economic potential for buying mobility devices. The devices are given to the public work department which leads to promote independent living and reduce the extent of disability. The advancement in technology is one of the factors that drive the market. 

Segmental Outlook 

The global personal mobility devices market is segmented on the basis of product type and application. Based on product type, the market is segmented into the wheelchair, mobility scooters, canes, crutches, and walkers, lifting aids and others. The canes, crutches, and walkers segment are anticipated to grow at a steady growth rate during the forecast period. Canes, crutches, and walkers are extensively used by the elderly population and are highly adopted after accidental injuries as a walking aid. Based on the application, the market id segmented into hospitals& clinics, ambulatory surgical centers, home care settings, and others. 

Wheel-chair will be the largest segment by Product type

Among product types, the wheelchair segment is expected to hold a significant market share during the forecast period owing to the fact that it is themost common assistive device utilized across the globe. The powered wheelchair has a significant growth potential attributed to increasing demand for advanced assistive technology owing to the growing geriatric base and rising penetration of powered wheelchair is the factor that is significantly growing during the forecast period. 

Global Personal Mobility Devices Market Share by Product, 2018 (%)

Regional Outlook 

The global personal mobility devices market is further segmented based on geography including North America, Europe, Asia-Pacific and Rest of the World.North America is expected to hold a significant share in the personal mobility devices market during the forecast period owing to growing aging population, rising prevalence of age-associated diseases, increasing healthcare expenditure, improved healthcare infrastructure, increase in disposable income and presence of government initiatives is fuelling the growth of the market.  Europe is expected to hold a significant market share in terms of revenue due to rising geriatric population and government initiatives are taken in the market players is driving the growth of the region.     

Global Personal Mobility devices Market Growth, by Region 2019-2025

Asia-Pacific will augment with the fastest rate in the personal mobility device market 

The market in the Asia-Pacific region is expected to be the fastest-growing region mainly due to the rising aging population among East Asian countries that includes China, Japan, and South Korea. Moreover, increasing R&D activities undertaken by the organization such as CRRC (China Rehabilitation Research Centre) is anticipated to fuel the region.  Increasing awareness regarding assistive devices, rising healthcare expenditure, and growing disposable income are boosting the growth of the market.   

Market Players Outlook

The key players of the personal mobility devices market include Topro, Ltd. Carex Health Brand,Inc., Drive Medical Design & Manufacturing, Invacare Corp., Sunrise Medical, LLC, Patricia Industries (Permobil), Graham-Field Health Products, Inc., Yamaha Motor Co., Ltd., Spinergy, Inc., Klaxon Mobility GmbH, Stannah Stairlifts, Inc., and Alber GmbH.

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global personal mobility devices market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.