Global Personal Mobility Devices Market

Personal Mobility Devices Market by Products (Wheelchairs [Powered Wheelchairs and Manual Wheelchairs], Walking Aids [Rollators {Low-cost Rollators and Premium Rollators} and Others], and Scooters), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3978
  • Author: Growth Market Reports
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  • No. Of Pages: 202
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The global personal mobility devices market size was valued at USD 11.6 billion in 2020 and is expected to expand at a CAGR of 5.9% during the forecast period, 2021–2028. The growth of the market is attributed to increasing target population, wide product development, and rising number of incidents resulting in disability.

Global Personal Mobility Devices Market summary

Personal mobility devices are a type of small motorized micro mobility vehicle primarily designed to transport a single person at a speed of less than 25 km/h (16 mph). According to the Centers for Disease Control and Prevention (CDC), 54.4 million people in the United States were affected with arthritis between 2013 and 2015. Such diseases are long-term that are necessitating the usage of mobility aids on a regular basis. Only a few mobility aids such as walkers, wheelchairs, canes, and crutches, are covered by Medicare Part B. The Scheme of Assistance to Disabled Persons for Purchase/Fitting of Aids/Appliances (ADIP Scheme) was established by the Indian government to assist in the procurement of sophisticated, durable, and modern products. These products are manufactured to allow standard aids and equipped with medical devices in order to promote the social, psychological, and physical rehabilitation of people with disabilities. Furthermore, this provision is likely to help increase the economic potential for mobility gadget purchases. Public works departments are given assistive gadgets to encourage independent living and lessen the level of handicap. Some examples of technology developments are Segway's Personal Transporter, TOPRO's laser-enabled rollators for Alzheimer's sufferers, and the M300 Corpus HD Power wheelchair.

The COVID-19 pandemic, on the other hand, had a negative impact on the worldwide market as demand and output of personal mobility devices fell drastically. During the projected period, however, new market entrants are likely to extract more benefits from the preparation of new proactive initiatives and policies due to several governments’ encouragement and incentives.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing number of the elderly population and wide prevalence of chronic illnesses among the group worldwide are key factors driving the market.
  • Rising number of patients suffering from adult arthritis is a key aspect for the market expansion. As per sources, the number is expected to rise 36.4 million by 2040.
  • Advantageous reimbursement schemes for both purchased and rented devices presents a vital factor that drives the market.
  • High purchase and maintenance costs of devices act as a major hurdle that can hamper the market growth during the forecast period.
  • Advanced technology development that allows easy transfer lifts, mobility scooters, and automated rollators is a key factor that can create lucrative opportunities for the market expansion.

Scope of the Report

The report on the global personal mobility devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Personal Mobility Devices Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Wheelchairs [Powered Wheelchairs and Manual Wheelchairs] and Walking Aids [Rollators {Low-cost Rollators and Premium Rollators} and Others], and Scooters)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Kaye Products, Inc.; Briggs Healthcare; Medline Industries, Inc.; NOVA Medical Products; Performance Health; Rollz International; Drive DeVilbiss Healthcare; GF Health Products, Inc.; Invacare Corporation; and Carex Health Brands, Inc.

Market Segment Insights

Wheelchairs segment to expand at a considerable CAGR

On the basis of products, the personal mobility devices market is segmented into wheelchairs, walking aids, and scooters. The wheelchairs segment is further bifurcated into powered wheelchairs and manual wheelchairs. The walking aids segment is further categorized as rollators and others that include canes, crutches, and walkers. The rollators segment is further bifurcated into low-cost rollators and premium rollators. The wheelchairs segment is projected to expand at a considerable CAGR during the forecast period as it is often utilized as an assisted mobility equipment. On the other hand, the walking aids segment is anticipated to account for a major market share during the forecast period owing to wide adoption for helping in walking purposes. It provides advanced features including a laser attachment for aiding Alzheimer's sufferers, locking wheels, oxygen tank holders, hemiplegic handles, light frame, wider wheel diameter, pressure brakes, and expanded weight-bearing capability.

Global Personal Mobility Devices Market products

Europe is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key share of the market during the projected period owing to an increase in the frequency of age-related disorders in the region. Moreover, an increase in the elderly population, enhanced healthcare infrastructure, high healthcare spending, and advantageous reimbursement policies for purchase or rental services present another key drivers of the regional market. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to increasing disposable income levels, increased awareness, high healthcare expenditure, and governments’ program targeted at expanding healthcare access.

Global Market Regions

Segments

Segments Covered in the Report
The global personal mobility devices market has been segmented on the basis of
Products

  • Wheelchairs
    • Powered Wheelchairs
    • Manual wheelchairs
  • Walking Aids
    • Rollators
      • Low-cost Rollators
      • Premium Rollators
    • Others
  • Scooters

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

 

Competitive Landscape

Key players competing in the global personal mobility devices market are Kaye Products, Inc.; Briggs Healthcare; Medline Industries, Inc.; NOVA Medical Products; Performance Health; Rollz International; Drive DeVilbiss Healthcare; GF Health Products, Inc.; Invacare Corporation; and Carex Health Brands, Inc.

To enhance their market position, these companies are widely engaged in different growth tactics such as partnerships and product portfolio development. For example, in September 2020, Rollz made its debut device, Parkinson's rollators at Rehacare, an international trade show. This product was created for those who have Parkinson's disease and are experiencing frozen symptoms.

Global Personal Mobility Devices Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Personal Mobility Devices Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Personal Mobility Devices Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Personal Mobility Devices Market - Supply Chain
  4.5. Global Personal Mobility Devices Market Forecast
     4.5.1. Personal Mobility Devices Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Personal Mobility Devices Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Personal Mobility Devices Market Absolute $ Opportunity
5. Global Personal Mobility Devices Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Personal Mobility Devices Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Personal Mobility Devices Demand Share Forecast, 2019-2026
6. North America Personal Mobility Devices Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Personal Mobility Devices Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Personal Mobility Devices Demand Share Forecast, 2019-2026
7. Latin America Personal Mobility Devices Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Personal Mobility Devices Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Personal Mobility Devices Demand Share Forecast, 2019-2026
8. Europe Personal Mobility Devices Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Personal Mobility Devices Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Personal Mobility Devices Demand Share Forecast, 2019-2026
9. Asia Pacific Personal Mobility Devices Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Personal Mobility Devices Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Personal Mobility Devices Demand Share Forecast, 2019-2026
10. Middle East & Africa Personal Mobility Devices Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Personal Mobility Devices Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Personal Mobility Devices Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Personal Mobility Devices Market: Market Share Analysis
  11.2. Personal Mobility Devices Distributors and Customers
  11.3. Personal Mobility Devices Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Kaye Products, Inc.
     11.4.2. Briggs Healthcare
     11.4.3. Medline Industries, Inc.
     11.4.4. NOVA Medical Products
     11.4.5. Performance Health
     11.4.6. Rollz International
     11.4.7. Drive DeVilbiss Healthcare

Segments Covered in the Report
The global personal mobility devices market has been segmented on the basis of
Products

  • Wheelchairs
    • Powered Wheelchairs
    • Manual wheelchairs
  • Walking Aids
    • Rollators
      • Low-cost Rollators
      • Premium Rollators
    • Others
  • Scooters

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

 

Key players competing in the global personal mobility devices market are Kaye Products, Inc.; Briggs Healthcare; Medline Industries, Inc.; NOVA Medical Products; Performance Health; Rollz International; Drive DeVilbiss Healthcare; GF Health Products, Inc.; Invacare Corporation; and Carex Health Brands, Inc.

To enhance their market position, these companies are widely engaged in different growth tactics such as partnerships and product portfolio development. For example, in September 2020, Rollz made its debut device, Parkinson's rollators at Rehacare, an international trade show. This product was created for those who have Parkinson's disease and are experiencing frozen symptoms.

Global Personal Mobility Devices Market keyplayers

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