- PoweredÂ Wheelchairs
- Power Operated Vehicle
Power Assist Mobility Devices Market size was valued at USD 13,872.9 million in 2021, growing at a significant CAGR of 12.1% over 2022â€“2028. Recently, there has been a rising in public awareness of the available mobility aid equipment, including cutting-edge powered wheelchairs, power assists, standing wheelchairs, walkers, and patient lifts. Software advancements have expanded the patient populations and application areas for powered wheelchairs. For instance, to offer patients safety, mobility, and convenience of access, Gecko Systems produced the SafePath wheelchair technology solution. The adoption rates of mobility aids are anticipated to considerably increase with the development of sophisticated mobility scooters, transfer lifts, and automatic rollators. For instance, Phoenix Instinct is the first intelligent wheelchair lightweight with a carbon fiber body and other technologies that make life easier. The market's top companies are increasing their R&D spending, which is leading to the release of products that are more advanced technologically. Additionally, it is projected that increased awareness, increased convenience brought on by the availability of technologically improved items, and advantageous reimbursements would increase the pace at which high-value gadgets are adopted globally. The approval of technologically advanced things that can enhance the quality of life for individuals with disabilities is being boosted through increased research and development operations. The acceptance of and demand for these products have grown as a result. As a result, med-tech businesses are investing in R&D to develop innovative mobility aids and assistive technologies. Nowadys, trike-style Power-Assist Mobility has become popular. Devices include the Triride and Klaxon Klick. These motorized devices provide control handlebars and attach to the front of a wheelchair. The power assist mechanism lifts the front casters off the ground, allowing the wheelchair's back wheels and front trike wheel to make contact with the environment. The broader wheels prevent the possibility of the front castors becoming caught, and the engine adds additional torque and power for speed and terrain traversal, making trike-style power assist systems excellent for outdoor mobility. Trike-style power assistance devices substantially lengthen a wheelchair, making them too cumbersome to be used in many interior areas. Recent Market Developments: In July 2020, SMOOV one, a portable, rear-mounted power-assist system for rigid or folding manual wheelchairs, was launched by Invacare Corp. and Alber.
Fastest Growing Market
Power assist wheelchairs are becoming increasingly popular due to the development of numerous types of wheelchairs with various propulsion systems, mechanisms, technologies, and specifications. This is helping the market grow. The wheelchair industry primarily caters to and focuses on the user due to improvements in wheelchair frames that use different materials to make them user-specific. The power assist wheelchair market can anticipate a high growth rate throughout the forecast period due to the increased demand for sophisticated wheelchairs to meet varied physical needs and the diversity of users. Additionally, throughout the projection years, the market is expected to rise due to favorable Medicare and Medicaid reimbursement policies and increasing wheelchair adoption in the United States. However, the market is limited by the high cost of power assist mobility devices for wheelchairs.
The global power assist mobility devices market growing at a CAGR of 9.8% during forecast period 2022-28.
Golden Technologies, Invacare Corporation, Medical Depot, Inc. , National Seating & Mobility , EZ Lite Cruiser, Numotion, Pride Mobility Products Corp.
North America is the fastest-growing region for power assist mobility devices market