Power Assist Mobility Devices Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Powered Wheelchairs, Power Operated Vehicle), By Payment Type (Reimbursement, Out-of-Pocket), By Sales Channel (E-commerce, Direct Sales (excluding VA), Veteran Affairs) and Region  

Power Assist Mobility Devices Market size was valued at US$ 14,872.9 million in 2023 and is poised to grow at a significant CAGR of 12.1% from 2024-2030. Recently, there has been a rise 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. Nowadays, trike-style power-assisted 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 wheelchairs, making them too cumbersome to be used in many interior areas.  

Power Assist Mobility Devices Market Key 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.