Press release
Senior Mobility Aid Devices Market on Path to Hit $15.97 Billion by 2029 at 7.4% CAGR
Senior Mobility Aid Devices
Senior Mobility Aid Devices Market Outlook: What Size And CAGR Are Anticipated By 2025?
The market size for senior mobility aid devices has seen significant growth in the last few years. It is estimated to increase from $11.11 billion in 2024 to $11.98 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.8%. The surge witnessed during the historic period is due to several factors, such as the growth of the global aging population, the increase in life expectancy, a rise in age-related mobility problems, an upsurge in cases of osteoporosis and arthritis, and a higher prevalence of neurological disorders.
What Is the Expected CAGR for the Senior Mobility Aid Devices Market Growth Through 2029?
In the forthcoming years, the market for senior mobility aid devices is anticipated to experience vigorous growth, reaching $15.97 billion by 2029, increasing at a compound annual growth rate (CAGR) of 7.4%. The escalation during the predicted period is due to several factors such as higher spending on healthcare, a boost in government support for elderly care, proliferation of copy for elderly care insurance programs, a burgeoning home healthcare sector, and an increase in the number of specialized mobility aid startups. The forecast phase also foresees key trends such as the invention of lightweight and ergonomic device designs, incorporation of smart technologies, advancement of robotic and AI-powered assistive devices, the launch of collapsible and transportable mobility aids, and enhanced battery technologies for powered devices.
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What Are the Primary Drivers Behind Senior Mobility Aid Devices Market Growth?
The rise in disabilities is projected to fuel the expansion of the senior mobility aid devices market. Disabilities can be defined as enduring physical, mental, intellectual, or sensory conditions that may obstruct an individual's complete and equitable participation in societal activities. These disabilities are becoming more common due to the aging global population, leading to a higher incidence of age-related health issues like arthritis, dementia, and vision or hearing loss, which contribute to long-term disabilities. Elderly mobility aid devices significantly improve the self-sufficiency and daily functionality of those suffering from disabilities by providing crucial support, stability, and ease of movement. As an example, in October 2024, The House of Commons Library, a library and information resource of the UK's lower house of parliament, reported that during the 2022-23 fiscal year, 16.1 million people in the UK were identified as having a disability, representing 24% of the nation's population. Thus, the escalating occurrence of disabilities is set to stimulate the growth of the senior mobility aid devices market.
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What Are the Key Segments Driving Senior Mobility Aid Devices Market Growth?
The senior mobility aid devices market covered in this report is segmented -
1) By Product Type: Wheelchairs, Scooters, Walking Aids, Mobility Lift, Other Product Types
2) By Price: Low, Medium, High
3) By Distribution Channel: Online Channels, Offline Channels
4) By End-User: Individual, Hospitals And Nursing Homes, Assisted Living, Other End-Users
Subsegments:
1) By Wheelchairs: Manual Wheelchairs, Electric Wheelchairs, Transport Wheelchairs, Positioning Wheelchairs, Bariatric Wheelchairs
2) By Scooters: 3-Wheel Scooters, 4-Wheel Scooters, Foldable Mobility Scooters, Heavy-Duty Mobility Scooters
3) By Walking Aids: Canes, Crutches, Walkers, Rollators, Gait Trainers
4) By Mobility Lifts: Stair Lifts, Vehicle Lifts, Ceiling Lifts, Portable Lifts, Pool Lifts
5) By Other Product Types: Transfer Boards, Patient Lifting Slings, Knee Walkers, Mobility Accessories, Standing Aids
What Are the Technological Trends Impacting the Senior Mobility Aid Devices Market?
Companies with a significant presence in the senior mobility aid devices market are emphasizing the creation of groundbreaking solutions like pedestrian-mobility-assistance models. These solutions are affordable and non-invasive methods for enhancing mobility. Pedestrian-mobility-assistance models are apparatuses that facilitate safe and independent navigation of walking environments for people with mobility issues. For example, in March 2023, Toyota Motor Corporation, a Japanese car manufacturing giant, introduced the C+walk S, a pedestrian-mobility-assistance model. This is a three-wheeler mobility aid specifically designed for the elderly and for those who struggle with walking long distances, presenting a secure and easy-to-use mode of transport. The C+walk S matches average walking speeds and sports a stylish design compatible with city environments, enabling easy interaction and parallel movement with others. The device has the capacity to assess the state of the path ahead, which makes it ideal for pavement travel. The device also boasts safety sensors that recognize obstacles and aid users in steering clear of potential hazards.
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Who Are the Major Competitors in the Global Senior Mobility Aid Devices Market?
Major companies operating in the senior mobility aid devices market are Medline Industries LP, Ottobock, Invacare Corporation, Permobil, Sunrise Medical LLC, Drive DeVilbiss Healthcare, Handicare AB, Pride Mobility Products Ltd., Vissco Rehabilitation Aids Pvt. Ltd., Graham-Field Health Products Inc., Merits Health Products Co. Ltd., Nova Medical Products, Meyra Group GmbH, Karma Medical Products Co. Ltd., Narula Udyog (India) Pvt. Ltd, Heartway Medical Products Co. Ltd., Kosmochem Pvt. Ltd., Arcatron Mobility Pvt. Ltd., Antano Group, PEAAR Healthtech LLP
Which Region Dominates the Senior Mobility Aid Devices Market Share in 2025?
Asia-Pacific was the largest region in the senior mobility aid devices market in 2024. The regions covered in the senior mobility aid devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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