Personal Mobility Devices Market Share

North America Market Forecast

The North American personal mobility devices market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the huge base of geriatric and patient population with severe mobility issues and also triggering the demand for hospitalization owing to several chronic and acute diseases. Well-structured homecare services in the region also expected to hike the market growth over the forecast period. For instance, in United States, Medicare patients with chronic diseases account 80% of hospitalizations, 90% of medication prescriptions, and 77% of healthcare home visits. Additionally, more than 6 million Americans are anticipated to use assistive devices for mobility. Moreover, the availability of personal mobility devices, improved access to healthcare, the prevalence of age-related diseases such as cancer, diabetes, seizures, and others, and favorable hospital reimbursement policies are some other factors anticipated to propel the demand for personal mobility devices in the region during the forecast period. In addition to this, an upsurge in the adoption of electric mobility is also a crucial factor that is anticipated to further boost the personal mobility devices market in the region in the coming years. For instance, currently, around 150,000 people uses electric powered wheelchair and scooters in USA. Moreover, as of 2021, approximately 2 million people were diagnosed with cancer while this disease accounted for around 600,000 deaths in the United States. Therefore, all these factors are projected to enlarge the market size in the region over the forecast period.