Press release
Mobility Aid Medical Device Market Growth to be Driven by Emerging Trends | $9.24 Billion by 2029
Mobility Aid Medical Device
What is the Projected Market Size of the Mobility Aid Medical Device Industry?
The market size for medical mobility aid devices has been on a steady incline in the past few years. The market is expected to escalate from $6.86 billion in 2024 to $7.30 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.4%. The notable growth seen in the past can be credited to the marked increase in age-related mobility impairments, the surge in chronic musculoskeletal conditions, heightened awareness about physical rehabilitation, the expanding older population globally, and upgrades in the public healthcare setup.
What Will Be the Size of the Mobility Aid Medical Device Market by 2029?
Strong growth is anticipated in the mobility aid medical device market in the coming years, with the market size predicted to increase to $9.24 billion by 2029, boasting a compound annual growth rate (CAGR) of 6.1%. The projected growth for this period is attributed to factors such as a surge in demand for solutions for home-based care, an increasing burden of obesity-related mobility issues, the enhancement of regulatory frameworks advocating medical device innovation, the proliferation of long-term care facilities and the increasing cases of neurological disorders affecting mobility. The period's forecasted trends include the creation of lightweight and ergonomic materials, the integration of robotics and automation, the improvement of artificial intelligence for personalized mobility aids, a rise in the usage of Internet of Things-enabled mobility devices, and advancements in energy-efficient battery technologies.
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What Are the Key Drivers Accelerating Growth in the Mobility Aid Medical Device Market?
The escalation in accident and injury rates is projected to drive growth in the mobility aid medical device market. Unanticipated or non-deliberate incidents that inflict physical harm, disability, or trauma, primarily occurring in work settings, public areas, or during day-to-day activities, define accidents and injuries. These often necessitate medical intervention or extended recuperation periods. Factors such as workplace dangers, heavy manual labor in particular sectors, an aging demographic, and deficient safety protocols chiefly fuel the rate of accidents and injuries. These elements increase vulnerability and decrease physical stamina, thereby raising the injury probability. Mobility aid medical devices are crucial in providing support to individuals impacted by these situations by enabling motion, speeding up healing processes, and fostering autonomy during convalescence. For example, in November 2024, the Bureau of Labor Statistics (BLS), a US government agency, reported that injuries in the health care and social assistance sectors saw an increase of 27,800 cases, reaching 471,600 in 2023. Consequently, the surge in accident and injury rates is propelling the growth of the mobility aid medical device market.
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How Is the Mobility Aid Medical Device Market Segmented by Type, Application, and Region?
The mobility aid medical device market covered in this report is segmented -
1) By Type: Wheelchairs, Walking Aids, Mobility Lifts, Slings, Tricycles, Mobility Scooters
2) By Age Group: Pediatrics, Adults, Seniors
3) By Distribution Channel: Online Retail, Pharmacies, Specialty Stores, Medical Equipment Dealers, Direct Sales
4) By End-User: Hospitals, Home Care Settings, Rehabilitation Centers, Other End-Users
Subsegments:
1) By Wheelchairs: Manual Wheelchairs, Powered Wheelchairs, Pediatric Wheelchairs, Sports Wheelchairs
2) By Walking Aids: Walkers, Rollators, Crutches, Canes
3) By Mobility Lifts: Patient Lifts, Stair Lifts, Ceiling Lifts, Vehicle Lifts
4) By Slings: Transfer Slings, Positioning Slings, Toilet Slings, Bariatric Slings
5) By Tricycles: Adult Mobility Tricycles, Pediatric Tricycles, Electric Tricycles, Foldable Tricycles
6) By Mobility Scooters: 3-Wheel Scooters, 4-Wheel Scooters, Heavy-Duty Scooters, Travel Or Portable Scooters
What Are the Key Trends Driving Growth in the Mobility Aid Medical Device Market?
The mobility aid medical device market is seeing a shift with leading companies prioritizing the creation of innovative designs such as head-controlled drive systems. These are aimed at bolstering the self-sufficiency of individuals dealing with profound physical disabilities. A head-controlled drive system ushers in an alternative input device enabling users to operate powered mobility aids using just their head movements. This mechanism serves to provide an effortless and user-friendly methodology for those whose motor functioning is hampered. As an example, the Germany-headquartered firm that caters to mobility needs, Sunrise Medical GmbH, introduced the Switch-It Vigo Head Control in January 2024. It boasts of a subtle, cordless headset that captures slight head movements to offer accurate control of powered wheelchairs and associated digital tools. The product's innovative sensor frameworks and application-based personalization not only boost user satisfaction and practicality but also offer a customized and flexible mobility answer for individuals with sophisticated needs.
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Who Are the Leading Companies Driving Growth in the Mobility Aid Medical Device Market?
Major companies operating in the mobility aid medical device market are Medline Industries LP, Stryker Corporation, Otto Bock HealthCare GmbH, Arjo AB, Invacare Corporation, Sunrise Medical GmbH & Co. KG, Drive Medical GmbH & Co. KG, Permobil AB, Pride Mobility Products Corporation, Etac AB, GF Health Products Inc., Hoveround Corporation, Carex Health Brands Inc., NOVA Medical Products LLC, MEYRA GmbH, Recare Ltd., Ostrich Mobility Instruments Pvt. Ltd., Karman Healthcare Inc., LEVO AG, Magic Mobility Pty Ltd, Shoprider Mobility Products Ltd., Hubang Electric Vehicle Co. Ltd., Batec Mobility S.L.
Which Is the Leading Region in the Global Mobility Aid Medical Device Market?
North America was the largest region in the mobility aid medical device market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mobility aid medical device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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