Mobility Devices Market Analysis & Forecast 2024-2034: Market By Product; By End-user; and By Region

The global mobility devices market size was estimated to be USD 11.64 billion in 2023 and is expected to reach at USD 26.69 billion by 2034 with a CAGR of 7.84% during the forecast period 2024-2034. Increasing focus on product development, surge in number of accidents causing disabilities, growing geriatric population, rising prevalence of chronic diseases, increasing technological advancements in products, surge in introduction of advanced mobility scooters, transfer lifts, & automated rollators, and rising launch of advanced mobility devices are some of the key factors boosting the market growth.

Rising launch of advanced mobility devices is predicted to boost the market growth during the forecast period. Advanced and ergonomically engineered mobility aid devices are utilized to promote greater independence in mobility for various individuals, including children recuperating from injuries, as well as disabled and elderly adults. People with physical disabilities necessitate increased healthcare support, and correspondingly, their unmet requirements are on the rise. The growing population of individuals with physical and mobility impairments is expected to drive up the demand for mobility aid devices in the coming years. For instance, in January 2022, Invacare Corporation has introduced the Invacare AVIVA STORM RX Narrow Base Power Wheelchair as part of its efforts to expand its range of products.

By product, medical mobility aids & ambulatory devices was the highest revenue-grossing segment in the global Mobility Devices market in 2023 owing to increasing support for the development, production, distribution, & servicing of mobility devices, growing demand of appropriate powered wheelchairs to enhance the quality of life & reduces common problems, surge in number of geriatric populations, rising demand for walkers, and increasing launch of new products. For instance, in March 2022, In collaboration with Medux, a Dutch provider of mobility aids encompassing wheelchairs, mobility scooters, walkers, and more, Etac has introduced its inaugural circular wheelchair, known as the Etac Cross re:vive. Additionally, medical furniture & bathroom safety products is predicted to grow at fastest CAGR during the forecast period owing to the surge in number of accidents, increasing adoption of patients lifts, and growing demand for indoor stair lifts.

By end-user, hospital settings was the highest revenue-grossing segment in the global Mobility Devices market in 2023 owing to surge in number of people suffering from accidents & disabilities, growing adoption of mobility devices, rising number of patients admitting to the hospitals, and increasing launch of advanced mobility devices. For instance, in February 2022, Ottobock has introduced the Kiddo Up Wheelchair, a specialized wheelchair designed for children, as part of its efforts to enhance its neuromobility business. Additionally, home care settings is predicted to grow at fastest CAGR during the forecast period owing to the growing geriatric population, rising prevalence of arthritis, and surge in number of children developing disabilities.

North America region is anticipated for the highest revenue share during the forecast period owing to the rising geriatric population, growing prevalence of age-associated disorders, increasing healthcare infrastructure, and surge in introduction of innovative products. For instance, in February 2022, Invacare, a manufacturer of medical equipment, has revealed the release of its latest power assist devices in the United States, known as the e-fix eco. This technology converts a manual wheelchair into a portable powered chair by utilizing a joystick, battery, and in-wheel motors. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the growing geriatric population, surge in research & development activities by several organizations, increasing government initiatives to improve healthcare access, and rising focus on development of advanced products. For instance, in August 2023, Smith+Nephew, the worldwide medical technology firm, has introduced its OR3O Dual Mobility System for both primary and revision hip arthroplasty procedures in the Indian market.

Segmentation: Mobility Devices Market Report 2022 - 2033

Mobility Devices Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)

Medical Furniture & Bathroom Safety Products

• Stair Lifts

1. Outdoor Stair Lifts
2. Indoor Stair Lifts

• Patients Lifts

1. Overhead Track Lifts
2. Manual Lifts
3. Power Lifts
4. Heavy Duty Lifts
5. Stand Up Lifts

• Medical Beds

1. Manual Beds
2. Electrical Beds

• Commodes & Shower Chairs
• Bars & Railings

Medical Mobility Aids & Ambulatory Devices

• Walkers

1. Rollators
2. Knee Walkers
3. Standard Walkers

• Scooters

1. Boot Scooters
2. Road Scooters
3. Mid-Size Scooters

• Wheelchairs

1. Powered Wheelchairs
2. Manual Wheelchairs

• Crutches

1. Forearm Crutches
2. Axillary Crutches
3. Elbow Crutches

• Canes

1. Qaud Canes
2. Folding Canes
3. Offset Canes

Mobility Devices Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)

• Home Care Settings
• Hospital Settings
• Others

Mobility Devices Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)

North America

• U.S.
• Canada

Europe

• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Rest of LATAM

Middle East & Africa

• South Africa
• GCC
• Rest of MEA