Global Mobility Devices Market Report and Forecast 2024-2032

Global Mobility Devices Market Outlook

The global mobility devices market size reached a value of more than USD 11.17 billion in 2023. During the forecast period of 2024-2032, the market is expected to grow at a CAGR of 6.70%, expected to attain a value of USD 20.03 billion by 2032.

Global Mobility Devices Market Trends

Mobility devices are supportive equipment that are specially designed to help people with walking or to improve mobility. These devices are used by people with injury or mobility impairment, and they are available in different varieties including canes, walkers, wheelchairs, crutches, and scooters, among others.

• The market for mobility devices is majorly driven by the ageing population and its rapid growth rate. Ageing can dwindle a person’s agility and ability to perform physical tasks for an extended period of time, making them unable to maintain independent functioning. Old people are more likely to require some sort of support to continue their daily physical activities and this can aid the mobility devices market growth.

• The demand for advanced mobility devices has surged with the rising prevalence of chronic diseases such as arthritis, stroke, paralysis, muscular dystrophy, multiple sclerosis, and cerebral palsy. These diseases can be congenital or the result of an injury and can be present in any age group.

• Growing awareness of people about the different types of mobility devices available in the market has aided the market growth. As more people come to know about such devices, people would increase the use of such devices in public places like malls, stations, dining establishments, and airports, among many other places.

• Increasing efforts in the research and development of advanced devices to improve the mobility and comfort of people can enhance the market value. Devices such as transfer lifts, lightweight wheelchairs, and automated rollators, among many other innovations, have been highly promising for the market growth.

Global Mobility Devices Market Analysis

Based on product, the market can be segmented into walking aids, wheelchairs, and scooters, among others. The walking aids segment and wheelchair segment is divided by type including rollators and other types and powered and manual, respectively. 

Based on the end-user, it can be bifurcated into hospitals and clinics, long-term care centres, and home care, among others. The regional markets for the mobility devices market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global mobility devices market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans. 

• Invacare Corporation

• Ottobock

• Sunrise Medical

• Pride Mobility Products Corp.

• Permobil, Inc.

• MEYRA GmbH

• GF Health Products, Inc.

• Others

Products Available in the Mobility Devices Market 

The market, based on products, can be bifurcated into walking aids, wheelchairs, and scooters, among others. Among these products, wheelchairs are expected to hold the largest market share owing to the increasing cases of accidents leading to mobility dependence and congenital deformities. The rising of such cases has led to the development of the product to increase accessibility to middle and low-income countries. With rising efforts in creating advanced wheelchairs, the market is expected to grow further during the forecast period.

End-Users of the Mobility Devices

Based on end-user, the market divisions include hospitals and clinics, long-term care centres, and home care, among others.

Hospitals and clinics are constantly evolving to support the increasing cases of accidents and chronic diseases that restrict a person’s mobility. With the rising prevalence of such cases, hospitals are also increasingly adopting advanced gadgets and mobility devices for better patient comfort. Additionally, with the advancements in mobility devices and increased accessibility, the market segment is expected to expand further and aid the market growth.

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Competitive Landscape

Invacare Corporation is one of the global leaders in the field of home and long-term care medical products. They are engaged in manufacturing and distributing innovative medical products with an aim to promote a healthy and active lifestyle. The company is distributing its products to over 100 countries. It is an American company based in Ohio, United States, and it was founded in 1885. Some of their products include wheelchairs, mobility scooters, walkers, pressure care and respiratory products.

Ottobock is a German-based company, specialising in the field of prosthetics and orthotics with a focus to innovate and introduce new products to improve care services. It is a global leader in developing and providing mobility devices such as wheelchairs, orthotics, and exoskeletons. The company was founded in 1919, and the company has been operating for 100 years helping people to regain their freedom and movement.

Sunrise Medical is a German company operating in the field of medical equipment manufacturing. It is one of the global leaders in the development, design, manufacture and distribution of wheelchairs. With manufacturing facilities established in the United States, Mexico, Germany, the United Kingdom, and Spain, the company develops and distributes manual wheelchairs, power wheelchairs, and motorised scooters around the world. The company also provides option of both standard and customised seating and positioning systems.

Other market players include Pride Mobility Products Corp., Permobil, Inc., MEYRA GmbH, and GF Health Products, Inc., among others.

Key Highlights of the Report