North America And Europe Group 2 Powered Mobility Devices Market To Reach $16.14 Billion By 2030

North America And Europe Group 2 Powered Mobility Devices Market Growth & Trends

The North America and Europe group 2 powered mobility devices market size is expected to reach USD 16.14 billion by 2030 and is expected to expand at CAGR of 15.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. Technology-advanced, ergonomically created products called mobility aids are used to improve mobility independence in teens recovering from injuries, disabled people, and elderly people. Depending on their range of motion, people with mobility challenges can choose from a variety of mobile devices. Physically disabled people demand more medical attention, and as a result, their unmet requirements are growing rapidly.

Additionally, the population with physical and mobility impairments is expected to grow, which will certainly raise the demand for mobility aids in the years to come.  According to data published in Disabled World, an independent news source covering health and disability issues, nearly 35.2 million people have at least one physical functional issue, and 17.2 million adults are unable to walk in the U.S. Therefore, a high prevalence of physical infirmities is likely to increase demand for mobility aids.

Hospitals have observed constant demand for group 2 powered mobility devices owing to a spike in the number of ageing populations getting admitted owing to the COVID-19 infection. With the revised COVID-19 restrictions, companies are expected to resume operations. The demand for group 2 powered mobility devices is expected to increase on account of the prevalence of chronic disease, rising geriatric population, and increased risk of lifestyle-associated diseases among a wide population due to the increase in incidences of sedentary lifestyle and obesity.

The number of elderly people is increasing at an unprecedented rate. The ability to walk and carry out physical work decreases with age, making it harder for the elderly to maintain their independence. The percentage of people using mobility devices during the projection period is likely to rise due to the aging population.

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North America And Europe Group 2 Powered Mobility Devices Market Report Highlights

• By product type, the powered wheelchairsegment accounted for the largest share in 2022. A major factor driving the segment's expansion was rising consumer desire for movable chairs with long-lasting batteries

• By payment type, the reimbursementsegment accounted for the largest share in 2022. The market is expanding due to government efforts to simplify reimbursement processes, which could increase the number of patients covered, are mostly responsible for the segment's predicted rapid expansion

• By sales channel, retail segment accounted for the largest share in 2022. This is a result of the benefit of personalization and product customization

• North America held the larger share in 2022. This is mostly due to the presence of major market participants, rising cost of healthcare in the U.S. as well as the regions improving aesthetics, which is also driving up demand for powered mobility devices

North America And Europe Group 2 Powered Mobility Devices Market Segmentation

Grand View Research has segmented the North America and Europe group 2 powered mobility devices market based on product type, payment type, sales channel, and region:

North America And Europe Group 2 Powered Mobility Devices Product Type Outlook (Revenue, USD Million, 2018 - 2030)

• Powered Wheelchair

• Power Operated Vehicle

North America And Europe Group 2 Powered Mobility Devices Payment Type Outlook (Revenue, USD Million, 2018 - 2030)

• Reimbursement        

• Out-of-pocket

North America And Europe Group 2 Powered Mobility Devices Sales Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Retail 

• E-commerce

• Direct Sales

• Veteran Affairs

North America And Europe Group 2 Powered Mobility Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

List of Key Players in the North America And Europe Group 2 Powered Mobility Devices Market

• Golden Technologies

• National Seating & Mobility, Inc.

• Numotion

• 1800wheelchair.Com

• Wal-Mart Stores, Inc.

• Pride Mobility Products Corporation

• Invacare Corporation