Personal Mobility Devices Market Size, Share, & Trends Analysis Report By Product (Walking Aids, Wheelchairs, Scooters), By Region (Europe, APAC, North America, MEA), And Segment Forecasts, 2021 - 2028

Report Overview

The global personal mobility devices market size was valued at USD 11.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% over the forecast period. In terms of volume, the market size was valued at 47,515 K Units in 2020. An increasing number of the target population, growing product development, and rising number of accidents causing disabilities are some of the key factors driving the market. The rising geriatric population and cases of chronic diseases across the globe are also major factors contributing to the market growth. According to a 2018 report by the WHO, the global geriatric population is anticipated to rise from 7% in 2000 to 16% in 2050. Moreover, according to the CDC, from 2013 - 2015, 54.4 million individuals in the U.S. were affected by arthritis.

Such conditions are long-lasting, resulting in the continuous use of mobility aids. It is estimated that by 2040, the number of adult arthritis patients will reach 36.4 million, thereby augmenting the demand for personal mobility devices. Moreover, favorable reimbursement policies for purchased and rented devices are expected to drive the market. Few mobility devices, such as walkers, wheelchairs, canes, and crutches, are also covered under Medicare insurance Part B. A patient is required to pay 20% of the product price out of pocket and the remaining 80% is paid by Medicare. In addition, repairs and replacements of reimbursed mobility devices are also covered under the Medicare insurance.

The Indian government has initiated the Scheme of Assistance to Disabled Persons for Purchase/Fitting of Aids/Appliances (ADIP Scheme) to help in procuring sophisticated, durable & modern, scientifically manufactured, standard aids & medical devices to promote social, psychological, and physical rehabilitation of people with disabilities. Moreover, this provision is expected to assist in enhancing the economic potential for purchasing mobility devices. Assistive devices are given to public work departments to promote independent living and to reduce the extent of disability. Technological advancements in products are among the most important drivers for the market.

COVID19 impact: Reveneues of key players took a hit owing to the pandemic. For instance, the annual revenue of Invacare fell by 8.3% in 2020

The introduction of transfer lifts, mobility scooters, and automated rollators is expected to significantly improve the usage rates of mobility devices. Segway’s Personal Transporter, laser-enabled rollators by TOPRO for Alzheimer’s patients, and M300 Corpus HD Power wheelchair are some of the examples of technological advancements. However, the Covid-19 pandemic negatively affected the global market as the demand and production of personal mobility device were decreased. However, the preparation of new proactive steps and policies will be worthwhile for new market entrants during the forecast period.

Product Insights

The wheelchair segment accounted for the largest revenue share of over 41% in 2020 and will retain the leading position throughout the forecast period. Wheelchairs are one of the most common assistive devices used in personal mobility. United Nations provides appropriate legislations for requesting member states in supporting the development, production, distribution, and servicing of these mobility devices. Provision of appropriate wheelchairs enhances mobility & quality of life, reduces common problems, such as progression of deformities & pressure sores, and improves digestion & respiration.

According to the data published by KD Smart Chair, the estimated number of wheelchair users in the U.S. was 3.3 million in 2020, which is 1% of the total population. There are approximately 2 million new users every year, which translates to increased demand for wheelchairs in the country. Powered wheelchairs emerged as the largest sub-segment, in terms of revenue, in 2020. The rapidly increasing global geriatric population and growing penetration of powered wheelchairs are the key factors responsible for the growth of this sub-segment.

The walking aids segment is anticipated to register a significant CAGR of 5.7% over the forecast period. According to the estimates published by the WHO in 2011, approximately 18% of the population experienced moderate, extreme, or severe difficulty when walking. With the rising population, this number is expected to continue growing, which, in turn, will boost the demand for walking aids. The segment is further divided into rollators and others, which include canes, crutches, and walkers. Rollators are bifurcated into premium and low-cost rollators.

Advanced features in premium rollators, such as laser attachment for assisting Alzheimer’s patients, lockable wheels, oxygen tank holders, hemiplegic handles, light frame, larger wheel diameter, pressure brakes, and extended weight-bearing capacity, boost the demand for these devices. Increasing disposable income and quick adoption of technologically advanced rollators, especially in European and North American countries, is expected to drive the growth of the premium rollators market.

Regional Insights

Europe dominated the overall personal mobility devices market in 2020 with a revenue share of 33.4%. The regional market will grow at a steady rate during the forecast years due to the rising prevalence of age-associated diseases, increasing geriatric population, presence of improved healthcare infrastructure, high healthcare expenditure, and favorable reimbursement policies for purchase or rental services. However, Asia Pacific is expected to emerge as the fastest-growing regional market from 2021 to 2028.

This is attributed to the increasing geriatric population in East Asian countries, such as Japan and China. In addition, extensive R&D activities undertaken by various organizations, such as the China Rehabilitation Research Center (CRRC), are expected to drive the regional market. Increasing disposable income levels, rising awareness, high healthcare expenditure, and government initiatives aimed at improving healthcare access are also expected to boost the market growth in the Asia Pacific. The U.S. government doubled the funding for Rehabilitation Engineering Research Center programs for accelerating the research in the field of personal mobility.

As per the data published by the Human Resources and Skills Development Canada, approximately, 14.3% of the population suffers from disabilities pertaining to vision, hearing, and motion impairment. The Canadian government formed a Disability Tax Credit Certificate allowing a disabled person to pay little or no tax. The Ontario Ministry of Health and Long-Term Care (OMHLT) has provided support and funding to individuals with disabilities in accordance with the Assistive Devices Program (ADP).

Key Companies & Market Share Insights

These players are focusing on adopting various growth strategies, such as partnership and expansion of product portfolio, to retain their market position. For instance, in September 2020, Rollz introduced Parkinson’s rollators in an international trade fair—Rehacare. This product was developed for individuals suffering from freezing symptoms associated with Parkinson’s disease. This rollator is among the most innovative creations of the company. Some of the key companies in the global personal mobility devices market are:

• Drive DeVilbiss Healthcare

• GF Health Products, Inc.

• Invacare Corporation

• Carex Health Brands, Inc.

• Kaye Products, Inc.

• Briggs Healthcare

• Medline Industries, Inc.

• NOVA Medical Products

• Performance Health

• Rollz International

Personal Mobility Devices Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global personal mobility devices market report on the basis of product and region:

• Product Outlook (Volume, K Units; Revenue, USD Million, 2016 - 2028)

  • Walking Aids

    • Rollators

      • Premium

      • Low-cost

    • Others (Canes, Crutches, and Walkers)

  • Wheelchairs

    • Manual

    • Powered

  • Scooters

• Regional Outlook (Volume, K Units; Revenue, USD Million, 2016 - 2028)

  • North America

    • U.S.

    • Canada

  • Europe

    • France

    • U.K.

    • Germany

    • Italy

    • Spain

    • The Netherlands

    • Switzerland

    • Sweden

    • Belgium

    • Russia

  • Asia Pacific

    • Japan

    • China

    • India

    • Indonesia

    • Malaysia

    • Singapore

    • South Korea

    • Thailand

    • Taiwan

    • Australia

    • Philippines

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

    • Chile

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Israel

    • Egypt