Powered Mobility Devices Market Analysis

Powered Mobility Devices Market Analysis

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The market by product type is categorized into powered wheelchairs, power add-on/propulsion-assist units, and power operated vehicles. The powered wheelchairs segment held leading revenue share and was valued at over USD 2.7 billion in 2022.

• The worldwide ageing population is a key driver for growing demand of powered wheelchairs. Individuals may face decreased mobility owing to age-related diseases, which in turn is increasing the demand for powered wheelchairs among geriatric population. For instance, according to United Nations Department of Economic and Social Affairs, the proportion of the world population aged 65 and older is projected to rise from 10% in 2022 to 16% in 2050.
   
• Furthermore, growing awareness about the importance of accessibility and inclusivity has led to increased demand for powered wheelchairs. Efforts to create barrier-free environments and make public spaces more accessible have influenced the adoption of mobility devices.
   

Based on patient, the powered mobility devices market is segmented into pediatric and adult. The adult segment accounted for significant share in 2022 and was valued at over USD 3.4 billion.
 

• Adults with chronic health issues such as multiple sclerosis, spinal cord injuries, or muscular dystrophy often rely on powered mobility aids for their daily activities. These products enhance their ability to engage in work, social activities, etc.
   
• Moreover, the trend towards customization and personalization extends to adult-powered wheelchairs. Manufacturers are concentrating on developing devices that can be adapted to individual needs, while taking factors such as comfort, special mobility requirements, and lifestyle choices into consideration.
   

Based on distribution channel, the powered mobility devices market is segmented into brick & mortar, and online channel. The brick & mortar segment accounted for the highest market share of around 67% in 2022.
 

• Complex products like powered mobility devices often require guidance in selecting the right model based on individual needs. In-store staff can provide valuable assistance, ensuring that customers choose devices that align with their specific mobility requirements and preferences.
   
• Additionally, brick-and-mortar stores offer the advantage of immediate availability. Customers can walk into a store, choose a powered mobility device, and potentially leave with the product at the same time. This immediacy can be crucial for individuals who urgently need mobility solutions.
   

The powered mobility devices market by end-use is categorized into hospitals, home care, rehabilitation centers, other end-users. The home care segment is projected to reach over USD 3.9 billion revenue in 2032.

• The rise in chronic health conditions, such as arthritis, osteoporosis, and mobility-related issues, contributes to the demand for powered mobility devices in home care settings. These devices assist individuals in maintaining mobility and managing daily tasks within the comfort of their homes.
   
• Moreover, home care often involves navigating through confined spaces. Powered mobility devices designed for home use are often compact and maneuverable, allowing users to navigate doorways, hallways, and other home spaces with ease.
   

North America powered mobility devices market accounted for USD 1.5 billion revenue in 2022.
 

• North America is a hub for technological innovation, and advancements in battery technology, control systems, and materials impact the development of more sophisticated and user-friendly powered mobility devices. Consumers in this region often seek cutting-edge technologies in healthcare solutions.
   
• Furthermore, the well-established healthcare infrastructure in North America supports the accessibility and adoption of powered mobility devices. This includes the availability of rehabilitation services, assistive technology centers, and a network of healthcare professionals facilitating the integration of PMDs.