Global Powered Mobility Devices Market Size To Exceed USD 8.40 Billion By 2033 l CAGR of 6.28%
Category: HealthcareGlobal Powered Mobility Devices Market Size To Exceed USD 8.40 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Powered Mobility Devices Market Size is to grow from USD 4.57 Billion in 2023 to USD 8.40 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 6.28% during the projected period.
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Browse key industry insights spread across 230 pages with 110 Market data tables and figures & charts from the report on the " Global Powered Mobility Devices Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Powered Wheelchairs, Power Add-on/Propulsion-Assist Units, and Power Operated Vehicles), By Patient (Pediatric and Adult), By Distribution Channel (Brick & Mortar, and Online Channel), By End-use (Hospitals, Home Care, Rehabilitation Centers, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033" Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/powered-mobility-devices-market
Powered mobility devices are non-motorized devices designed for use by inmates with mobility disabilities or limitations to provide mobility assistance. Wheelchairs, crutches, walkers, canes, and braces are some of the examples of powered mobility devices. These devices offer a host of benefits that significantly improve the lives of individuals with mobility challenges. The development of passive standing positions is the most recent advance in the design of powered wheelchairs possesses several advantages such as reduction of seated pressure, decreased bone demineralization, increased bladder pressure, improved orthostatic circulatory control, lowered muscular tone, less stress on the muscles of the upper extremities, and improved overall functional status. Technological advancement in products and the rise in the incidence of disabilities including age-related disorders, injuries, or diseases are significantly contributing to driving the global powered mobility devices market. The increased prevalence of cancer and the surging demand for customized personalized devices are propelling the market demand. On the contrary, the lack of awareness and stringent regulatory frameworks are restraining the global powered mobility devices.
The powered wheelchairs segment dominates the market with the largest revenue share in 2023.
Based on product type, the global powered mobility devices market is segmented into powered wheelchairs, power add-on/propulsion-assist units, and power operated vehicles. Among these, the powered wheelchairs segment dominates the market with the largest revenue share in 2023. The powered wheelchairs are equipped with comfortable seats, and adjustable footrests, with additional features of padded armrests and headrests. There is increasing demand for powered wheelchairs among the geriatric population owing to age-related diseases that reduce physical mobility.
The adult segment accounted for the largest market share in 2023.
Based on patient, the global powered mobility devices market is segmented into pediatric and adult. Among these, the adult segment accounted for the largest market share in 2023. Older patients utilize mobility equipment such as wheelchairs, walkers, and canes to compensate for decrements in balance, coordination, sensation, strength, and increased risks of falling. The need for motorized mobility chairs for daily tasks is driven by the rising prevalence of chronic diseases such as muscular dystrophy, spinal cord injuries, and multiple sclerosis.
The brick & mortar segment dominated the global powered mobility devices market in 2023.
Based on the distribution channel, the global powered mobility devices market is segmented into brick & mortar, and online channel. Among these, the brick & mortar segment dominated the global powered mobility devices market in 2023. Brick & mortar segment benefits from better convenience, readily available customer service, and in-person shopping experience. Additionally, it provides valuable assistance to store employees while making equipment purchases.
The home care segment is anticipated to hold the largest market share through the forecast period.
Based on the end-use, the global powered mobility devices market is segmented into hospitals, home care, rehabilitation centers, and others. Among these, the home care segment is anticipated to hold the largest market share through the forecast period. By using powered mobility devices people can manage everyday duties and move around comfortably in their own homes. These devices are designed for home use and are often compact and agile, facilitating easy door and other home area navigation for users. The rising incidence of chronic illnesses and mobility-related problems are bolstering the market demand.
North America dominates the market with the largest market share over the forecast period.
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North America dominates the market with the largest market share over the forecast period. The integration of powered mobility devices is further facilitated by the availability of rehabilitation services, assistive technology centers, and a network of medical experts. The Rehabilitation Engineering Research Center programs received doubled the funding from the U.S. government to accelerate research in the field of personal mobility. The creation of sophisticated and user-friendly powered mobility devices is positively impacted by technological innovation and development in battery technology.
Asia-Pacific region is expected to grow the fastest during the forecast period. The rising need for cutting-edge technologies in healthcare solutions and the growing geriatric population in countries like China, India, and Japan are significantly contributing to market demand for powered mobility devices. The extensive R&D activities undertaken by numerous organizations, including the China Rehabilitation Research Center (CRRC) are expected to drive the market in the region. Additionally, the rising awareness, high healthcare costs, and emphasis on enhancing access to healthcare are fueling the market expansion in the region.
Major vendors in the global powered mobility devices market are GF Health Products, Inc., Invacare Corporation, Drive DeVilbiss Healthcare, Golden Technologies, Hoveround Corporation, Karman Jealthcare, Inc., Recare Ltd., MEYRA GmbH, Carex Health Brands, Inc., LEVO AG, Pride Mobility Products Corporation, Merits Health Products, Inc., Permobil AB, Sunrise Medical, National Seating & Mobility, Inc., Numotion, and Other Key Players.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In October 2023, Sunrise Medical completed the strategic acquisition of Ride Designs. This acquisition marks a significant expansion of Sunrise Medical's custom seating offerings, clinical expertise, and service capabilities, perfectly complementing the extensive range of manual and powered mobility products Sunrise Medical already offered.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global powered mobility devices market based on the below-mentioned segments:
Global Powered Mobility Devices Market, Product Type Analysis
- Powered Wheelchairs
- Power Add-on/Propulsion-Assist Units
- Power Operated Vehicles
Global Powered Mobility Devices Market, Patient Analysis
- Pediatric
- Adult
Global Powered Mobility Devices Market, Distribution Channel Analysis
- Brick & Mortar
- Online Channel
Global Powered Mobility Devices Market, End-use Analysis
- Hospitals
- Home care
- Rehabilitation centers
- Others
Global Powered Mobility Devices Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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