Mobility Aids Devices Market Report, By Product Type (Wheelchairs, Mobility Scooters, Walking Aids and Others), By End-User (Hospitals and Clinics, Home Care Settings, Elderly Care Facilities), By Price Range (Low-cost Mobility Aids Devices, Mid-range Mobility Aids Devices, High-end Mobility Aids Devices) and Regions 2024-2032

Market Overview:

"The mobility aids devices market size reached US$ 9.1 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 16.3 billion in 2032, exhibiting a growth rate (CAGR) of 6.7% during 2024-2032."

A wide range of products and solutions have been considered in the global mobility aids devices market research report. These include products that cater to the diverse needs of individuals with mobility challenges, need to enhance stability, and to promote independence for people with disabilities, injuries, or age-related mobility limitations.

A key product category in the market is wheelchairs, which are available in manual and electric variants. Manual wheelchairs provide self-propelled or attendant-assisted mobility, while electric wheelchairs offer powered mobility with enhanced control and maneuverability. These solutions enable individuals to navigate both indoor and outdoor environments with ease.

Another popular product is mobility scooters, which offer a convenient and efficient means of transportation for individuals with limited mobility. These scooters are battery-powered and come in various sizes and designs and offer users ability to travel or traverse from point to point independently. Crutches, walkers, and canes are essential aids that provide stability and support to individuals with temporary or permanent mobility impairments. These devices assist in maintaining balance and reduce the risk of falls, allowing users to perform daily activities with confidence.

Advancements in technology have also led to the development of innovative mobility aids devices. Powered exoskeletons and robotic walking assistance systems enable individuals with severe mobility impairments to stand up, walk, and climb stairs with the help of motorized mechanisms. These devices offer increased mobility, improved muscle strength, and enhanced rehabilitation potential

Mobility Aids Devices Market Report Overview:

The global mobility aids devices market research report provides comprehensive insights into driving factors, restraints, opportunities, and mobility aids devices market trends, with provision of in-depth supporting information, data, and statistics and actionable insights. Though covered and provided extensively across the report, the data and information format are simple, yet dynamic to ensure ease of reading and understanding, as well as presenting and maximizing leverage and use.

Revenues are provided in detail for previous years to showcase the evidence upon which our estimations and forecasts are based. Revenue growth rates and differences, as well as comparisons and relatable data are provided to further support all findings. Data points are provided for each year – from historical to end of forecast period – and this format is followed for each segment region and respective countries, as well as sub-segments and others. Vital details of major companies in the market are provided in the company profile section of the report. Cover includes financials, recent developments, strategies, product launches, agreements, expansion, mergers & acquisitions, and others. 

The global mobility aids devices market research report is segmented basis of product type, end-user, sales channel, material, technology, application, age group, distribution channel, price range, and regions and countries. Regional segmentation includes North America (United States and Canada); Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Poland, BENELUX, NORDIC, and Rest of Europe); Asia Pacific (China, India, Japan, South Korea, ASEAN, Australia & New Zealand, & Rest of Asia Pacific); Latin America (Brazil, Mexico, Argentina, & Rest of Latin America); Middle East & Africa (Saudi Arabia, South Africa, United Arab Emirates, Egypt, Israel, and Rest of MEA).

Mobility Aids Devices Market Trends & Drivers:

The global mobility aids devices market is witnessing significant growth and increase in consumption of various devices due to increasing aging population and other conditions that cause limited mobility in individuals and increasing number of individuals with disabilities opting for such solutions in various countries across the globe.

Aging Population: The increasing global elderly population is a major driver for sales of mobility aids devices. Emergence and prevalence of mobility-related conditions and disabilities rises with progressing age, and need to be more independent and mobile are key factors resulting in rising demand for these solutions and products.

Technological Advancements: Technological innovations in mobility aids devices have significantly improved their functionality and user experience. Advanced features such as power-assisted controls, ergonomic designs, lightweight materials, and connectivity options have increased the adoption rate of these devices, and this is a trend that is expected to support revue growth of the market over the forecast period.

Rising Awareness and Accessibility: Growing awareness about mobility aids devices and advantages as well as the importance of accessibility has been positively impacting market revenue growth in recent times. Governments and organizations are implementing initiatives to improve accessibility in public spaces and buildings, and this is also driving mobility aids devices demand.

Demand for Personalized and Customizable Products: Consumers are increasingly seeking personalized and customizable mobility aids and devices to meet their specific needs and preferences. Manufacturers are focusing on offering a wide range of options, including adjustable height, weight capacity, and additional features, to cater to individual requirements.

Increasing Healthcare Expenditure: Rising healthcare expenditure globally has contributed to growth of the mobility aids devices market. Investments by governments and modernization of healthcare systems and infrastructure and focus on development and provision of mobility aids devices to support patients and improve their quality of life are other key factors boosting market revenue growth.

What are the Key Challenges and Barriers Impacting the Adoption and Revenue Growth of Mobility Aids Devices?

Despite the various positive factors and growth prospects in the global market, some restraints and factors are having negative impacts on revenue growth. Some key factors include:

High Cost of Mobility Aids: The cost of mobility aids devices can be a significant barrier to adoption, especially for individuals with limited financial resources or inadequate insurance coverage. The high prices of advanced and technologically advanced mobility aids devices can limit their accessibility and negatively impact market revenue growth.

Limited Reimbursement Coverage: Inadequate reimbursement policies and coverage for mobility aids devices by healthcare systems and insurance providers can negatively impact purchase decision or inclination and restrain revenue growth of the market. Some reimbursement options may not be in line with expectations of some individuals, and this can deter purchase.

Lack of Awareness and Visibility: Limited awareness and visibility of products and about the benefits and availability of mobility aids devices can hinder market growth. Many individuals may not be fully aware of the range of options and functionalities offered by these devices, resulting in underutilization and reduced demand.

Social Stigma and Perception: Social stigma associated with using mobility aids devices can act as a restraint in the market. Some individuals may feel self-conscious or face negative perceptions from others, leading to hesitation in adopting these devices.

Limited Accessibility Infrastructure: Inadequate accessibility infrastructure in public spaces and buildings can hinder the usage and adoption of mobility aids devices. Lack of ramps, elevators, and other accessibility features can make it challenging for individuals with mobility limitations to navigate their environment.

What are the Opportunities for Mobility Aids Devices Market?

Technological Innovations: There is a significant opportunity for companies to invest in research and development to introduce innovative technologies in mobility aids devices. Advancements such as smart features, IoT integration, and AI-powered functionalities can differentiate products and attract a wider customer base, leading to increased revenue.

Emerging Markets: Expanding into emerging markets presents a promising opportunity for companies. Developing regions, such as Asia Pacific and Latin America, have a growing elderly population and rising disposable income. By targeting these markets with affordable and accessible mobility aids devices, companies can tap into new revenue streams.

Product Customization: Offering personalized and customizable mobility aids devices can be a lucrative revenue stream. By providing options for adjustable features, aesthetic choices, and tailored functionality, companies can cater to the unique needs and preferences of customers, resulting in increased sales and enhanced customer satisfaction.

Partnerships and Distribution Channels: Collaborating with healthcare providers, rehabilitation centres, and distributors can create additional revenue streams for companies. Establishing strategic partnerships and leveraging existing distribution networks can help companies reach a wider customer base and increase sales volume.

Aging Population and Homecare Market: With the growing aging population, demand for mobility aids devices in the homecare market is expanding. Companies can capitalize on this opportunity by focusing on developing products for aging users and these need to be specifically designed for home use and offer features such as lightweight and easily manoeuvrability.

Regional Analysis:

North America and Europe lead in terms of established healthcare infrastructure, favourable reimbursement policies, and adoption of advanced mobility aids. Asia Pacific, Latin America, and the Middle East show potential due to improving healthcare facilities, rising disposable income, and increasing awareness of mobility aids.

What are the factors driving the growth of Mobility Aids Devices in North America region?

The mobility aids devices market in North America is registering strong demand, driven by a rapidly aging population and high healthcare expenditure in countries in the region. Well-established supply chains and advanced healthcare infrastructure in the region enables efficient distribution and accessibility of mobility aids devices. High consumers preference for technologically advanced and customizable products that enhance mobility and independence, ongoing research and development efforts in mobility solutions, focus on improving device functionalities and user experience, and government initiatives with primarily aim to improve accessibility and support individuals with disabilities through regulations, funding, and awareness campaigns are other factors expected to support revenue growth of the market over the forecast period.

What Key Factors Are Contributing to the Strong Demand and Growing Market for Mobility Aids Devices in Europe?

Europe exhibits robust demand for mobility aids devices owing to its large elderly population and supportive healthcare systems in countries in the region. Well-developed supply networks that adhere to stringent quality and safety standards, high preference for innovative mobility aids devices with ergonomic designs and advanced features, collaborations between manufacturers, healthcare providers, and research institutions, and technological advancements coupled with government initiatives promoting inclusion, enhancing accessibility in public spaces, and providing reimbursement support to facilitate the adoption of mobility aids devices are other favourable factors.

What Factors are Driving the Surge in Demand for Mobility Aids Devices in the Asia Pacific Region?

Asia Pacific market is registering increasing demand for mobility aids devices due to a growing elderly population and rising healthcare expenditure in countries in the region. Developing supply chains and increasing manufacturing capabilities contribute to the availability of cost-effective and user-friendly products. Consumer preference in the region lies in affordable and reliable mobility aids devices that cater to specific needs. Asia Pacific market holds significant growth potential with advancements in technology and improving healthcare infrastructure. Government initiatives focusing on enhancing accessibility, promoting local manufacturing, and providing financial support to meet the rising demand for mobility aids devices are also expected to support revenue growth of the market.

What is the Outlook on Mobility Aids Devices in Latin America? 

Latin America has been registering rising demand for mobility aids devices, driven by expanding aging population and improving healthcare facilities in some countries in the region. Developing supply chains and partnerships with international manufacturers supports availability of durable and affordable products in the market. Consumer preference in the region centres around cost-effective and reliable mobility aids devices that meet basic needs. Increasing awareness, economic development, and efforts to bridge the accessibility gap along with government initiatives to address accessibility challenges and promote inclusion through regulations, awareness campaigns, and initiatives to improve healthcare infrastructure are positive factors for market revenue growth.

What are the factors driving the growth of the mobility aids devices market in the Middle East & Africa region?

Middle East & Africa market has been registering increasing demand for mobility aids devices due to an expanding elderly population and improving healthcare infrastructure. Developing supply chains and collaborations with international manufacturers contribute to the availability of mobility aids devices in the market. Consumers in the region prioritize devices that respect cultural and religious sensitivities while providing necessary support. Market revenue growth is also supported by increasing healthcare investments, awareness regarding benefits of mobility aids, and efforts to enhance accessibility through government initiatives, provision of subsidies, and support to local manufacturing to meet rising demand for mobility aids devices in the region are also factors expected to support revenue growth of the market.

Leading Mobility Aids Devices Manufacturers & Competitive Landscape:

The global mobility aids devices market is highly competitive, with several key players accounting for market share. Companies focus on product innovation, strategic partnerships, and acquisitions to gain a competitive edge, and emphasize on enhancing product quality, expanding distribution networks, and catering to the evolving needs of consumers to maintain their position in the market.

Company List:

• Invacare Corporation
• Sunrise Medical Holdings
• Stryker Corporation
• Ottobock SE & Co. KGaA
• Permobil AB
• Drive DeVilbiss Healthcare
• Pride Mobility Products Corp.
• Hill-Rom Holdings, Inc.
• Medline Industries, Inc.
• GF Health Products, Inc.
• Meyra GmbH
• Handicare Group AB
• Arjo AB
• Nova Medical Products
• Karman Healthcare Inc.

Major Companies & Recent Developments:

• In January 2022, Invacare Corporation announced the launch of its enhanced TDX SP2 power wheelchair with LiNX technology, offering advanced control and customization options for users.
• In September 2021, Sunrise Medical Holdings acquired Magic Mobility, which is an Australian-based manufacturer of all-terrain power wheelchairs, to expand its product portfolio and strengthen its presence in the mobility aids market.
• In February 2023, Stryker Corporation completed the acquisition of Ottobock's Powered Wheelchair (PW-1) business, aiming to expand its product offerings and provide innovative solutions for individuals with mobility challenges.
• In May 2022, Ottobock SE & Co. KGaA introduced the Genium X3, which is a technologically advanced prosthetic knee joint, offering enhanced mobility and stability for individuals with lower limb amputations.
• In March 2023, Permobil AB unveiled the MyPermobil app, which is a digital platform that enables users to control and customize their power wheelchairs, enhancing user experience and accessibility.

Research Scope

Report Metric	Report Details
Market size available for the years	2021-2032
Base Year	2023
Forecast Period	2024-2032
Compound Annual Growth Rate (CAGR)	6.7%
Segment covered	Product Type, End-user, Sales Channel, Material, Technology, Application, Age Group, Distribution Channel, Price Range and Regions & Countries
Regions Covered	North America:  The U.S. & Canada Latin America: Brazil, Mexico, Argentina, & Rest of Latin America Asia Pacific: China, India, Japan, Australia & New Zealand, ASEAN, & Rest of Asia Pacific Europe: Germany, The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, & Rest of Europe The Middle East & Africa:  Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, and Rest of MEA
Fastest Growing Country in Europe	Germany
Largest Market	North America
Key Players	Invacare Corporation, Sunrise Medical Holdings, Stryker Corporation, Ottobock SE & Co. KGaA, Permobil AB, Drive DeVilbiss Healthcare, Pride Mobility Products Corp., Hill-Rom Holdings, Inc., Medline Industries, Inc., GF Health Products, Inc., Meyra GmbH, Handicare Group AB, Arjo AB, Nova Medical Products, Karman Healthcare Inc.

Report Segmentation:

By Product Type:

• Wheelchairs
• Mobility Scooters
• Walking Aids (Crutches, Canes, Walkers)
• Transfer Lifts
• Stair Lifts
• Medical Beds
• Others

By End-User:

• Hospitals and Clinics
• Home Care Settings
• Elderly Care Facilities
• Rehabilitation Centers

By Sales Channel:

• Online Retailers
• Offline Retailers
• Direct Sales

By Material:

• Metal
• Plastic
• Carbon Fiber
• Others

By Technology:

• Manual Mobility Aids Devices
• Powered Mobility Aids Devices

By Application:

• Orthopaedic
• Neurological
• Cardiovascular
• Others

By Age Group:

• Pediatric
• Adult
• Geriatric

By Distribution Channel:

• Retail Stores
• E-commerce Platforms
• Specialty Stores
• Others

By Price Range:

• Low-cost Mobility Aids Devices
• Mid-range Mobility Aids Devices
• High-end Mobility Aids Devices

Segmentation By Region:

North America:

• United States
• Canada

Europe:

• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia
• Poland
• BENELUX
• NORDIC
• Rest of Europe

Asia Pacific:

• China
• Japan
• India
• South Korea
• ASEAN
• Australia & New Zealand
• Rest of Asia Pacific

Latin America:

• Brazil
• Mexico
• Argentina
• Rest of Latin America

Middle East & Africa:

• Saudi Arabia
• South Africa
• United Arab Emirates
• Israel
• Rest of MEA