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Powered Mobility Devices Market Size

Report ID: GMI7582
Published Date: Dec 2023
Report Format: PDF

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Powered Mobility Devices Market Size

Powered Mobility Devices Market size was valued at around USD 4.3 billion in 2022 and is projected to grow at a CAGR of over 6.3% between 2023 and 2032. The high industry progression can be primarily attributed to various factors including technological advancements in products, rise in incidences of disabilities, surging demand for customized and personalized devices, and growing aging population among others.

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Moreover, the global prevalence of disabilities, due to different causes including age-related disorders, injuries, or diseases, is consistently rising. It is among a key driver for the powered mobility devices industry as these devices assist those with limited mobility. For instance, according to the statistics provided by World Health Organization (WHO) in 2023, approximately 1.3 billion individuals or roughly 16% of the world's population are suffering from some form of disability. Some people with disabilities die up to 20 years earlier than others. In addition, continuous advancements in technologies, such as improved battery technology, lightweight materials, and enhanced control systems, aid in the development of more efficient and user-friendly powered mobility devices.

Powered Mobility Devices Market Report Attributes
Report Attribute	Details
Base Year:	2022
Powered Mobility Devices Market Size in 2022:	USD 4.3 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	6.3%
2032 Value Projection:	USD 8 Billion
Historical Data for:	2018 to 2022
No. of Pages:	160
Tables, Charts & Figures:	274
Segments covered:	Product Type, Patient, Distribution Channel, End-use, and Region
Growth Drivers:	Rising prevalence of neurological diseases Technological advancements in powered mobility products Increasing prevalence of disabilities worldwide
Pitfalls & Challenges:	Stringent regulatory framework coupled with lack of awareness

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Powered mobility devices (PMDs) refer to a category of assistive devices designed to provide mobility assistance to individuals with physical disabilities or limitations. These devices are powered by electric motors and are intended to help people with mobility impairments move around more easily and independently.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for powered mobility devices was USD 4.3 billion in 2022 and is expected to reach USD 8 billion by 2032 due to the rise in incidences of disabilities, the surging demand for customized and personalized devices, and growing aging population worldwide.

he powered wheelchairs segment recorded USD 2.7 billion in 2022 and is expected to register appreciable CAGR from 2023-2032 owing to the rapidly ageing population needing wheelchair assistance worldwide.

North America industry reached USD 1.5 billion in 2022 and is expected to register a commendable CAGR from 2023-2032 due to the technological innovations, and advancements in battery technology, control systems, and materials in the region.

Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Carex Health Brands, Inc., Golden Technologies, Hoveround Corporation, Karman Healthcare, Inc., LEVO AG, and Recare Ltd. are some of the major powered mobility devices companies worldwide.