Personal Mobility Devices Market by Product, End User

List of Tables

The Personal Mobility Devices Market was valued at USD 11.84 billion in 2023, expected to reach USD 12.94 billion in 2024, and is projected to grow at a CAGR of 9.34%, to USD 22.13 billion by 2030.

Personal mobility devices encompass a wide range of tools designed to enhance the movement capabilities of individuals with mobility impairments. This category includes wheelchairs, scooters, walkers, canes, and other assistive devices. The necessity of these devices arises from an aging global population, increasing incidences of disabilities, and the growing need to enhance quality of life for those with mobility challenges. These devices are applicable in various settings including homes, hospitals, and specialized care facilities, catering to individuals across different age groups and medical conditions. End-use segments predominantly include healthcare facilities, elderly care homes, and individuals seeking enhanced mobility. Key growth drivers in this market include technological advancements like electric-powered mobility solutions, increased healthcare expenditure, and rising consumer awareness about technologically advanced mobility aids. The integration of IoT and AI in devices for enhanced user-friendliness and safety presents potential opportunities, while partnerships between technology firms and healthcare providers can lead to innovative solutions tailored for consumer needs. However, market growth faces limitations such as high equipment costs, lack of reimbursement policies in certain regions, and regulatory challenges that can hinder speedy market access. Despite these challenges, areas such as portable and foldable devices or ergonomic designs for user comfort are ripe for innovation and research. Furthermore, the growing trend of health-conscious living and the incorporation of smart technologies into mobility solutions can be targeted by businesses for growth opportunities. As the market evolves, companies should focus on user-centric designs, affordability, and customizable solutions to align with consumer demands. The dynamic nature of the market, with its constant technological advancements, suggests a need for continuous research into sustainable and cost-effective materials and designs to keep pace with consumer needs and preferences.

KEY MARKET STATISTICS
Base Year [2023]	USD 11.84 billion
Estimated Year [2024]	USD 12.94 billion
Forecast Year [2030]	USD 22.13 billion
CAGR (%)	9.34%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Personal Mobility Devices Market

The Personal Mobility Devices Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising incidence of rheumatoid arthritis and osteoporosis
- Increasing getriatric population
- Growing population facing physical and mobility impairment challenges
Market Restraints
- High purchasing and maintenance cost
Market Opportunities
- Advancement in electric wheelchairs design
- Supportive government initiatives and growing reimbursement policies
Market Challenges
- Strict regulation for personal mobility devices

Porter's Five Forces: A Strategic Tool for Navigating the Personal Mobility Devices Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Personal Mobility Devices Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Personal Mobility Devices Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Personal Mobility Devices Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Personal Mobility Devices Market

A detailed market share analysis in the Personal Mobility Devices Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Personal Mobility Devices Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Personal Mobility Devices Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Personal Mobility Devices Market

A strategic analysis of the Personal Mobility Devices Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Personal Mobility Devices Market, highlighting leading vendors and their innovative profiles. These include Cardinal Health, Inc., Drive DeVilbiss Healthcare, Hill-Rom Holdings, Inc., Invacare Corporation, Klaxon Mobility GmbH, Medline Industries, LP., NOVA, Ottobock, Performance Health Holding, Inc., Permobil, Inc., Pride Mobility Products Corp., Rollz International, Stryker Corporation, and Sunrise Medical (US) LLC.

Market Segmentation & Coverage

This research report categorizes the Personal Mobility Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Product, market is studied across Canes, Crutches, Scooters, Stair-lifts, Walkers, and Wheelchair.
Based on End User, market is studied across Ambulatory Surgical Centers, Home Care Setting, Hospital & Clinics, and Urgent Care Center.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-030EE48515B9

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising incidence of rheumatoid arthritis and osteoporosis
  - 5.1.1.2. Increasing getriatric population
  - 5.1.1.3. Growing population facing physical and mobility impairment challenges
- 5.1.2. Restraints
  - 5.1.2.1. High purchasing and maintenance cost
- 5.1.3. Opportunities
  - 5.1.3.1. Advancement in electric wheelchairs design
  - 5.1.3.2. Supportive government initiatives and growing reimbursement policies
- 5.1.4. Challenges
  - 5.1.4.1. Strict regulation for personal mobility devices
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Personal Mobility Devices Market, by Product

6.1. Introduction
6.2. Canes
6.3. Crutches
6.4. Scooters
6.5. Stair-lifts
6.6. Walkers
6.7. Wheelchair

7. Personal Mobility Devices Market, by End User

7.1. Introduction
7.2. Ambulatory Surgical Centers
7.3. Home Care Setting
7.4. Hospital & Clinics
7.5. Urgent Care Center

8. Americas Personal Mobility Devices Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Personal Mobility Devices Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Personal Mobility Devices Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
11.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Cardinal Health, Inc.
2. Drive DeVilbiss Healthcare
3. Hill-Rom Holdings, Inc.
4. Invacare Corporation
5. Klaxon Mobility GmbH
6. Medline Industries, LP.
7. NOVA
8. Ottobock
9. Performance Health Holding, Inc.
10. Permobil, Inc.
11. Pride Mobility Products Corp.
12. Rollz International
13. Stryker Corporation
14. Sunrise Medical (US) LLC