Powered Mobility Devices Market Size - By Product Type (Powered Wheelchairs, Power Add-On/Propulsion-Assist Units, Power Operated Vehicles), Patient (Pediatric, Adult), Distribution Channel, End-use – Global Forecast (2023-2032)

Powered Mobility Devices Market Size - By Product Type (Powered Wheelchairs, Power Add-On/Propulsion-Assist Units, Power Operated Vehicles), Patient (Pediatric, Adult), Distribution Channel, End-use – Global Forecast (2023-2032)

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.
 

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 (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.
 

COVID-19 Impact

The COVID-19 pandemic had a slightly negative impact on the industry. The disruptions in the global supply chain, manufacturing delays, and economic uncertainties have presented challenges for both manufacturers and consumers. The pandemic has underscored the importance of assistive devices in healthcare, leading to an accelerated focus on technological innovations and digital solutions within the PMD market.
 

Powered Mobility Devices Market Trends

Improved human-machine interfaces, growing demand for smart healthcare mobility solutions, and incorporating artificial intelligence (AI) in healthcare and machine learning algorithms among other.
 

• Improvements in human-machine interfaces, including more intuitive control systems and enhanced user interfaces, are contributing to better usability and accessibility. These improvements aim to make powered mobility devices easier to operate for individuals with various levels of motor control.
   
• Additionally, there is a growing demand for compact and portable powered mobility devices that could easily be transported and stored. This trend is particularly significant for users who need mobility aids for travel or those living in urban environments with limited storage space.
   

Powered Mobility Devices Market Analysis

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.
   

Powered Mobility Devices Market Share

The powered mobility devices industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy. Some of the leading industry players including Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, among others have a notable presence in the market.
 

Some of the eminent market participants operating in the industry include

• Drive DeVilbiss Healthcare
• GF Health Products, Inc.
• Invacare Corporation
• Carex Health Brands, Inc.
• Golden Technologies
• Hoveround Corporation
• Karman Healthcare, Inc.
• LEVO AG
• Recare Ltd.
• Merits Health Products, Inc.
• MEYRA GmbH
• National Seating & Mobility, Inc.
• Numotion
• Permobil AB
• Pride Mobility Products Corporation
• Sunrise Medical

Powered Mobility Devices Industry News

• In October 2023, Sunrise Medical has announced the strategic acquisition of Ride Designs. The acquisition is expected to expand Sunrise Medical's custom seating offerings, clinical knowledge, service capabilities, and manual and powered mobility devices.
   
• In February 2023, Los Angeles-based mobility firm Reyhee announced that it has introduced two FDA-cleared, medical-grade electric vehicles, the Cruiser and the Roamer. These products have long-lasting mobility solutions for senior citizens and people with disabilities.
   

Powered mobility devices market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments

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By Product Type, 2018-2032 (USD Million)

• Powered wheelchairs
• Power add-on/propulsion-assist units
• Power operated vehicles

By Patient, 2018-2032 (USD Million)

• Pediatric
• Adult

By Distribution Channel, 2018-2032 (USD Million)

• Brick & mortar
• Online channel

By End-use, 2018-2032 (USD Million)

• Hospitals
• Home care
• Rehabilitation centers
• Other end-users

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA