Global Mobility Devices Market Outlook 2030

Region:Global

Author(s):Shivani Mehra

Product Code:KROD11227

Published On

December 2024

Total pages

97

About the Report

Global Mobility Devices Market Overview

  • The Global Mobility Devices Market has experienced significant growth due to increasing demand from aging populations, rising mobility disorders, and advancements in assistive technologies. Valued at approximately USD 11.30 billion, the market includes a wide range of devices designed to aid mobility for individuals with disabilities or mobility impairments. Key products include wheelchairs, scooters, walkers, and wearable mobility aids. The market growth is supported by increased accessibility, government support for disability assistance, and a growing emphasis on comfort, convenience, and technology in mobility devices.

market overviews

  • North America holds the largest market share due to high healthcare expenditure, well-developed infrastructure, and strong insurance coverage for mobility devices. Europe follows, with a high adoption rate driven by government initiatives for elderly support. The Asia-Pacific region is expected to witness rapid growth, propelled by a large aging population, increasing awareness, and improved healthcare access in countries like Japan, China, and India.
  • Governments worldwide classify mobility devices as medical devices, subjecting them to stringent regulatory standards for safety and efficacy. In the U.S., the FDA categorizes wheelchairs and similar aids as Class II medical devices, requiring specific safety and performance standards. These classifications ensure that mobility devices meet essential health and safety criteria, but they also increase the regulatory burden for manufacturers. Compliance with these classification standards is crucial for market entry and aligns with patient safety objectives.

Global Mobility Devices Market Segmentation

By Product Type: The Mobility Devices Market is segmented by product type into wheelchairs, mobility scooters, walkers, canes and crutches, and stair lifts and elevators. Wheelchairs hold the largest market share, widely used in both personal and medical settings for various mobility needs. Mobility scooters are gaining popularity, particularly among the elderly, due to ease of use and electric propulsion.

market overviews

By Region: The Mobility Devices Market is segmented by region into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America leads the market with a strong healthcare infrastructure and high expenditure on mobility aids. Europe is a significant market due to high government support for elderly care, while Asia-Pacific is expected to grow rapidly due to its large aging population and increasing healthcare access.

market overviews

Global Mobility Devices Market Competitive Landscape

The Global Mobility Devices Market is highly competitive, with major companies focusing on technological advancements, innovative product design, and expanding their distribution networks. Leading companies such as Invacare Corporation, Drive DeVilbiss Healthcare, and Sunrise Medical dominate the market with extensive product portfolios, strong distribution channels, and focus on quality and innovation. The competitive landscape is shaped by strategic partnerships, acquisitions, and investments in R&D for smarter and more convenient mobility devices.

Company

Establishment Year

Headquarters

Employees

Revenue

Product Range

Technological Advancements

Customer Satisfaction Ratings

Global Presence

Invacare Corporation

1885

Elyria, USA

Drive DeVilbiss Healthcare

2000

Pennsylvania, USA

Sunrise Medical

1983

Malsch, Germany

Ottobock Healthcare

1919

Duderstadt, Germany

Pride Mobility Products

1986

Pennsylvania, USA

Global Mobility Devices Market Analysis

Market Growth Drivers

  • Increase in Global Aging Population Driving Demand for Mobility Solutions: The global aging population is a significant driver for the mobility devices market, as the number of individuals aged 65 and older surpassed 700 million in 2023. Mobility impairments are common in this demographic, increasing the demand for assistive devices like wheelchairs, walkers, and mobility scooters. In developed regions such as North America and Europe, where over of the population is above 60, the demand for mobility aids is particularly high. This trend reflects the essential role mobility devices play in supporting independence and quality of life among older adults.
  • Rise in Mobility Disorders Due to Lifestyle and Health Factors: The prevalence of mobility disorders has risen due to lifestyle and health-related factors, such as obesity and arthritis. Globally, nearly 200 million people suffer from osteoarthritis, a condition that often results in reduced mobility. This increase in mobility-related conditions has fueled demand for devices that assist with movement and support. The rise in conditions like stroke, spinal cord injuries, and degenerative diseases further amplifies the need for mobility aids, driving market growth as healthcare systems aim to support mobility-impaired individuals.
  • Increased Awareness and Accessibility in Emerging Markets: Increased awareness and accessibility in emerging markets are driving growth in the mobility devices sector. In countries such as China and India, government programs and NGO initiatives are raising awareness about mobility aids, providing financial support, and increasing access to these devices. As healthcare infrastructure improves in these regions, the demand for mobility devices is expected to rise, providing growth opportunities for manufacturers and suppliers to cater to these underserved markets.

Market Challenges:

  • High Costs of Advanced Mobility Devices Limiting Adoption: Advanced mobility devices, such as power wheelchairs and mobility scooters, are often costly, limiting their adoption, particularly among low-income populations. In 2023, high-end power wheelchairs cost over $5,000 on average, making them unaffordable for many. The high costs are due to the use of advanced technologies, specialized materials, and stringent quality standards. This price barrier restricts access to essential mobility aids, especially in developing regions where healthcare coverage is limited, posing a challenge for industry growth.
  • Limited Accessibility in Low-Income Regions: In low-income regions, accessibility to mobility devices remains limited due to inadequate healthcare infrastructure, low awareness, and financial constraints. In sub-Saharan Africa, for example, only a small fraction of those requiring mobility aids have access to them due to a lack of distribution networks and financial support. This disparity restricts market reach and impacts quality of life for individuals who lack access to necessary mobility assistance, making accessibility a key challenge for the mobility devices market.

Global Mobility Devices Market Future Outlook

Over the next five years, the Mobility Devices Market is expected to grow due to the increasing aging population, technological advancements in assistive devices, and government initiatives for disability and elderly support. Innovations in smart mobility solutions, including IoT-enabled wheelchairs and mobility aids with fall-detection features, are expected to drive growth. Asia-Pacific will likely see significant expansion as awareness, accessibility, and healthcare infrastructure improve.

Market Opportunities:

  • Expansion Opportunities in Developing Economies with Aging Populations: Developing economies, particularly in Asia and Latin America, present significant growth opportunities for mobility device manufacturers. As populations age and income levels rise in these regions, the demand for affordable and accessible mobility devices is increasing. Governments in these regions are investing in healthcare infrastructure and providing support for elderly care, creating a favorable environment for market expansion. Companies can tap into these emerging markets by offering cost-effective mobility solutions that cater to the needs of aging populations.
  • Partnerships with Healthcare Providers and Insurers to Improve Access: Partnerships with healthcare providers and insurance companies offer a pathway for increased adoption of mobility devices. Collaborations with hospitals, rehabilitation centers, and insurers facilitate funding and access to mobility devices for patients in need. In 2023, several major insurers began covering mobility devices as part of healthcare policies, reducing out-of-pocket costs for users. These partnerships provide an opportunity for manufacturers to expand their reach, improve device affordability, and enhance accessibility for end-users.

Scope of the Report

By Product Type

Wheelchairs

Mobility Scooters

Walkers

Canes and Crutches

Stair Lifts and Elevators

By Usage

Personal Mobility Devices
Rehabilitation and Therapy Devices
Hospital-Based Mobility Solutions

By End-User

Elderly
Disabled Individuals
Rehabilitation Centers and Hospitals

By Distribution Channel

Hospitals and Pharmacies
Specialty Retail Stores
Online Platforms

By Region

North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Products

Key Target Audience

  • Elderly Individuals

  • Rehabilitation Centers and Hospitals

  • Disability Support Organizations

  • Government and Regulatory Bodies (e.g., ADA Compliance Authorities)

  • Investments and Venture Capitalist Firms

  • Retail Pharmacies and E-commerce Platforms

  • Healthcare Providers and Insurance Companies

  • Manufacturers of Assistive and Medical Devices

Companies

Players Mention in the Report 

  • Invacare Corporation

  • Drive DeVilbiss Healthcare

  • Sunrise Medical

  • Ottobock Healthcare

  • GF Health Products, Inc.

  • Pride Mobility Products Corporation

  • Medline Industries, Inc.

  • Permobil AB

  • Hoveround Corporation

  • Karman Healthcare

  • Stryker Corporation

  • Meyra Group

  • Handicare Group AB

  • Besco Medical

  • ArjoHuntleigh

Table of Contents

01. Global Mobility Devices Market Overview

Definition and Scope

Market Taxonomy

Market Growth Rate

Market Segmentation Overview

02. Global Mobility Devices Market Size (In USD Billion)

Historical Market Size

Year-On-Year Growth Analysis

Key Market Developments and Milestones

03. Global Mobility Devices Market Analysis

Growth Drivers (Aging Population, Rise in Mobility Disorders, Technological Advancements)

Increase in Global Aging Population Driving Demand for Mobility Solutions

Rise in Mobility Disorders Due to Lifestyle and Health Factors

Technological Advancements Enabling Smart and Lightweight Mobility Devices

Increased Awareness and Accessibility in Emerging Markets

Market Challenges (High Costs, Limited Accessibility, Regulatory Approvals)

High Costs of Advanced Mobility Devices Limiting Adoption

Limited Accessibility in Low-Income Regions

Regulatory Hurdles for Medical Device Approval

Opportunities (Growth in Emerging Markets, Smart Mobility Devices, Partnerships with Healthcare Providers)

Expansion Opportunities in Developing Economies with Aging Populations

Rise of Smart and Connected Mobility Devices for Enhanced Safety

Partnerships with Healthcare Providers and Insurers to Improve Access

Trends (Wearable Mobility Aids, Lightweight and Foldable Devices, Online Retail Growth)

Growth in Wearable Mobility Aids and Assistive Technology

Shift Toward Lightweight and Foldable Mobility Devices for Convenience

Increase in Online Sales of Mobility Devices through E-commerce Platforms

Government Regulations (Medical Device Classification, Safety Standards, Accessibility Laws)

Medical Device Classification Standards for Mobility Devices

Safety and Quality Standards for Medical Devices

Accessibility Laws and Government Support for Disability Aids

SWOT Analysis

Stakeholder Ecosystem

Porters Five Forces Analysis

Competition Ecosystem

04. Global Mobility Devices Market Segmentation

By Product Type (In Value %)

Wheelchairs

Mobility Scooters

Walkers

Canes and Crutches

Stair Lifts and Elevators

By Usage (In Value %)

Personal Mobility Devices

Rehabilitation and Therapy Devices

Hospital-Based Mobility Solutions

By End-User (In Value %)

Elderly

Disabled Individuals

Rehabilitation Centers and Hospitals

By Distribution Channel (In Value %)

Hospitals and Pharmacies

Specialty Retail Stores

Online Platforms

By Region (In Value %)

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

05. Global Mobility Devices Market Competitive Analysis

Detailed Profiles of Major Companies

Invacare Corporation

Drive DeVilbiss Healthcare

Sunrise Medical

Ottobock Healthcare

GF Health Products, Inc.

Pride Mobility Products Corporation

Medline Industries, Inc.

Permobil AB

Hoveround Corporation

Karman Healthcare

Stryker Corporation

Meyra Group

Handicare Group AB

Besco Medical

ArjoHuntleigh

Cross Comparison Parameters (Headquarters, Inception Year, Revenue, Product Range, Technological Advancements, Customer Satisfaction Ratings, Global Presence)

Market Share Analysis

Strategic Initiatives

Mergers and Acquisitions

Investment Analysis

Government Investments in Disability and Elderly Support

Private Equity in Healthcare Devices

Venture Capital in Assistive Technology

06. Global Mobility Devices Market Regulatory Framework

Medical Device Classification and Approval Processes

Safety and Quality Standards for Assistive Devices

Accessibility and Disability Support Laws

07. Global Mobility Devices Market Future Size (In USD Billion)

Future Market Size Projections

Key Factors Driving Future Market Growth

08. Global Mobility Devices Market Future Segmentation

By Product Type (In Value %)

By Usage (In Value %)

By End-User (In Value %)

By Distribution Channel (In Value %)

By Region (In Value %)

09. Global Mobility Devices Market Analysts Recommendations

TAM/SAM/SOM Analysis

Customer Cohort Analysis

Marketing Initiatives

White Space Opportunity Analysis

Disclaimer Contact Us

Research Methodology

Step 1: Identification of Key Variables

The research started with identifying key drivers, such as demand for assistive devices among the elderly, rising prevalence of mobility disorders, and government support for disability assistance. Data was sourced from proprietary databases, government reports, and industry publications.

Step 2: Market Analysis and Construction

This phase involved historical data analysis on mobility device sales, segmentation by product type, and regional adoption rates. Trends like smart mobility and lightweight device innovation were also examined.

Step 3: Hypothesis Validation and Expert Consultation

Hypotheses were validated through expert consultations with healthcare providers, device manufacturers, and regulatory agencies. These insights ensured alignment of projections with industry trends and healthcare needs.

Step 4: Research Synthesis and Final Output

The final synthesis integrated quantitative data and qualitative insights, presenting a comprehensive analysis of the Mobility Devices Market, including growth drivers, challenges, and opportunities for stakeholders.

Frequently Asked Questions

01. How big is the Global Mobility Devices Market?

The global mobility devices market is valued at approximately USD 11.30 billion, driven by the aging population and demand for mobility aids for those with disabilities.

02. What are the challenges in the Global Mobility Devices Market?

Challenges include high costs of advanced devices, limited accessibility in low-income regions, and regulatory barriers impacting medical device approvals.

03. Who are the major players in the Global Mobility Devices Market?

Key players include Invacare Corporation, Drive DeVilbiss Healthcare, Sunrise Medical, Ottobock Healthcare, and Pride Mobility Products Corporation, known for their diverse product offerings.

04. What are the growth drivers of the Global Mobility Devices Market?

Growth drivers include the rising aging population, increased prevalence of mobility disorders, and advancements in assistive technology and smart mobility solutions.

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