Global powered mobility devices market expected to grow from USD 4.57 billion in 2023 to USD 8.40 billion by 2033.

From GlobeNewswire: 2024-06-19 02:00:00

The global powered mobility devices market is projected to grow from USD 4.57 billion in 2023 to USD 8.40 billion by 2033, with a CAGR of 6.28% during the period. These non-motorized devices are designed for individuals with mobility challenges, providing benefits like reduced seated pressure and improved circulation. Technological advancements and increased demand from individuals with age-related disorders are driving market growth.

The powered wheelchairs segment leads the market, offering comfort and additional features like adjustable footrests and padded armrests. Among patients, the adult segment holds the largest market share, with older patients utilizing mobility equipment for balance, coordination, and strength issues. Brick & mortar distribution channels dominate the market, providing convenience and in-person assistance to customers.

Home care is expected to lead the market growth due to the rising prevalence of chronic illnesses. North America currently dominates the market, with robust rehabilitation services and innovative product development. The Asia-Pacific region is expected to see rapid growth, driven by increasing demand for healthcare solutions and a growing geriatric population.

Major vendors in the market include GF Health Products, Invacare Corporation, Drive DeVilbiss Healthcare, among others. Recent developments include Sunrise Medical’s acquisition of Ride Designs, expanding their custom seating offerings. The market is segmented by product type, patient, distribution channel, and end-use, providing detailed insights for stakeholders.



Read more at GlobeNewswire: Global Powered Mobility Devices Market Size To Exceed USD