Mobility Aids Market Share, Trends and Growth Analysis 2022-2030
[Research Report] The mobility aids market size is projected to grow from US$ 7,554.74 million in 2022 to US$ 13,344.61 million by 2030; it is estimated to record a CAGR of 7.4% during 2022–2030.
Market Insights and Analyst View:
A mobility aid is a tool that helps people with mobility issues walk; these aids can also be used by people to enhance their mobility. Mobility aids are made to make moving around easier for the elderly and disabled. Additionally, patients who have trouble moving around in their in-home care environments can be transported using these goods. Braces, canes, crutches, and walkers are a few examples of mobility aids. Walking aids include crutches, walkers, and assistive canes, commonly referred to as walking sticks. These devices can provide improved stability, decreased lower-limb burden, and/or movement generation, which help maintain upright ambulation.
Growth Drivers:
With age, people become more susceptible to mobility limitations, because of which they require medical assistance or aid to avoid dependency on other individuals. The worldwide population is aging rapidly, and the number of older adults is expected to increase significantly in the coming years. Most people expect to live into their sixties and beyond. According to a World Health Organization (WHO) 2021 study, the population of people aged 60 and above is expected to grow from 900 million in 2021 to 2 billion by 2050. The percentage of the global population aged 60 and above would almost double from 12% in 2015 to 22% in 2050.
According to the 2020 Census Bureau population statistics, the geriatric population reached 55.8 million (16.8%) of the total population of the US in 2020. The population of people aged 65 and above is predicted to surge from 2012 to 2050. Nearly 1 in 6 people in the country were aged 65 and above in 2020. As per the data published by the Fraser Institute, the share of the Canadian population aged 65 or older rose from 14% in 2010 to 19% in 2022, and it is further expected to reach 22.5% by 2030.
In Brazil, the aging population is increasing rapidly. According to the data from the Pan American Health Organization (PAHO), Brazil has over 30 million people aged 60 and above (i.e., 13% of the country's population). By 2030, the population of this age group is expected to reach ~50 million (i.e., 24% of the total population). As per the Brazil Statistical Institute, people aged 65 and above are expected to hold a 36% share of the total population of Brazil by 2050. Similarly, as per the Eurostat statistics, over one-fifth (~21%) of the European population was aged 65 and above in 2022.
The geriatric population often faces issues such as reduced muscle strength, balance issues, and joint problems, making it challenging for them to move around independently. These assistance devices such as walkers, canes, and wheelchairs provide support and assistance to them. These devices can reduce the risk of injuries, help prevent falls, and allow older adults to remain active and engaged in daily activities. Therefore, the rising geriatric population is driving the growth of the mobility aids market.
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Mobility Aids Market: Strategic Insights
Market Size Value in US$ 7,554.74 million in 2022 Market Size Value by US$ 13,344.61 million by 2030 Growth rate CAGR of 7.4% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Mobility Aids Market: Strategic Insights
| Market Size Value in | US$ 7,554.74 million in 2022 |
| Market Size Value by | US$ 13,344.61 million by 2030 |
| Growth rate | CAGR of 7.4% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The mobility aids market is segmented on the basis of product type, application, end user, distribution channel, and geography. Based on product type, the mobility aids market is bifurcated into wheelchairs and walking aids. Based on application, the mobility aids market is classified into neurologically impaired, handicapped patients, and other applications. The mobility aids market, by end user is categorized into homecare, hospitals and clinics, rehabilitation centers, and ambulatory surgical centers. Based on distribution channel, the mobility aids market is bifurcated into online and offline. The mobility aids market, based on geography, is segmented into North America (US, Canada, and Mexico), Europe (France, Germany, UK, Spain, Italy, and Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and Rest of APAC), the Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of MEA), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
Segmental Analysis:
The mobility aids market, by product type, is bifurcated into wheelchairs and walking aids. The wheelchairs segment held a larger share of the market in 2022 and is expected to register a higher CAGR in the market during 2022–2030.
Based on application, the mobility aids market is segmented into neurologically impaired, handicapped patients, and other applications. In 2022, the neurologically impaired segment held the largest share of the market, and it is anticipated to record the fastest CAGR during 2022–2030.
Based on end user, the mobility aids market is segmented into homecare, hospitals and clinics, rehabilitation centers, and ambulatory surgical centers. The homecare segment held the largest share of the market in 2022. The hospitals and clinics segment is expected to register the highest CAGR during 2022–2030.
Based on distribution channel, the mobility aids market is categorized into online and offline. In 2022, the offline segment held a larger share of the market. However, the online segment is anticipated to grow at a higher CAGR during 2022–2030.
Regional Analysis:
The mobility aids market is primarily divided into North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. North America captured a significant share of the market in 2022. In 2022, the US held the largest share of the market in the region. The market growth in North America is attributed to the rising number of patients diagnosed with mobility impairment disorders and the growing geriatric population. According to the UN Population Division, the population of elderly people in Mexico is anticipated to reach 30 million by 2050. According to the National SCI Data Sheet 2022, nearly 18,000 new spinal cord injury (SCI) cases are diagnosed yearly in the US. The 2023 United States Spinal Cord Injury Statistics state that ~302,000 people living in the country have suffered a traumatic SCI. In the US, the most common causes of SCI include vehicle crashes, falls, violence, and sports.
In addition, in March 2020, Invacare Corporation (US) launched the Invacare AVIVA FX Power Wheelchair with best-in-class design, technology, and performance. The AVIVA FX Power Wheelchair offers current front-wheel drive users a high-performance chair that is an innovative leap forward in front-wheel drive power mobility.
Mobility Aids Market Report Scope
Industry Developments and Future Opportunities:
Various initiatives taken by key players operating in the global mobility aids market are listed below:
- In September 2023, Etac and Kalogon entered into a partnership to expand access to smart cushion technology for wheelchair users. The two companies joined forces to enhance Etac’s Star cushion product line powered by Kalogon’s revolutionary air management system
- In March 2023, Stryker launched the SmartMedic platform, a patient care platform that enhances existing ICU bed capabilities at hospitals. This solution is intended to manage changes in patient weight, monitor patient turns from nurse stations, and help medical staff perform X-rays on patients within the ICU, without having to move them.
Competitive Landscape and Key Companies:
Invacare Corporation; Stryker Corporation; Medline Industries, Inc; NOVA Medical Product; Sunrise Medical LLC; Otto Bock HealthCare; Karman Healthcare; Carex Health Brands Inc.; Pride Mobility Products Corporation; and ETAC AB are among the prominent players in the mobility aids market. These companies focus on introducing new high-tech products, advancements in existing products, and geographic expansions to meet the growing consumer demand worldwide.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Application, End User, Distribution Channel, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Mobility Aids Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Mobility Aids Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Mobility Aids Market - Global Market Analysis
6.1 Mobility Aids - Global Market Overview
6.2 Mobility Aids - Global Market and Forecast to 2030
7. Mobility Aids Market – Revenue Analysis (USD Million) – By Product Type, 2020-2030
7.1 Overview
7.2 Wheelchairs
7.2.1 Powered
7.2.2 Unpowered
7.2.3 Smart
7.3 Walking Aids
7.3.1 Walkers
7.3.2 Crutches
7.3.3 Rollators
7.3.4 Walking Sticks and Canes
8. Mobility Aids Market – Revenue Analysis (USD Million) – By Application, 2020-2030
8.1 Overview
8.2 Neurologically Impaired
8.3 Handicap Patients
8.4 Other Applications
9. Mobility Aids Market – Revenue Analysis (USD Million) – By End-user, 2020-2030
9.1 Overview
9.2 Homecare
9.3 Hospitals and Clinics
9.4 Rehabilitation Centers
9.5 Ambulatory Surgical Centers
10. Mobility Aids Market – Revenue Analysis (USD Million) – By Distribution Channel, 2020-2030
10.1 Overview
10.2 Online
10.3 Offline
10.3.1 Hospital
10.3.2 Pharmacy
10.3.3 Retail
11. Mobility Aids Market - Revenue Analysis (USD Million), 2020-2030 – Geographical Analysis
11.1 North America
11.1.1 North America Mobility Aids Market Overview
11.1.2 North America Mobility Aids Market Revenue and Forecasts to 2030
11.1.3 North America Mobility Aids Market Revenue and Forecasts and Analysis - By Product Type
11.1.4 North America Mobility Aids Market Revenue and Forecasts and Analysis - By Application
11.1.5 North America Mobility Aids Market Revenue and Forecasts and Analysis - By End-user
11.1.6 North America Mobility Aids Market Revenue and Forecasts and Analysis - By Distribution Channel
11.1.7 North America Mobility Aids Market Revenue and Forecasts and Analysis - By Countries
11.1.7.1 United States Mobility Aids Market
11.1.7.1.1 United States Mobility Aids Market, by Product Type
11.1.7.1.2 United States Mobility Aids Market, by Application
11.1.7.1.3 United States Mobility Aids Market, by End-user
11.1.7.1.4 United States Mobility Aids Market, by Distribution Channel
11.1.7.2 Canada Mobility Aids Market
11.1.7.2.1 Canada Mobility Aids Market, by Product Type
11.1.7.2.2 Canada Mobility Aids Market, by Application
11.1.7.2.3 Canada Mobility Aids Market, by End-user
11.1.7.2.4 Canada Mobility Aids Market, by Distribution Channel
11.1.7.3 Mexico Mobility Aids Market
11.1.7.3.1 Mexico Mobility Aids Market, by Product Type
11.1.7.3.2 Mexico Mobility Aids Market, by Application
11.1.7.3.3 Mexico Mobility Aids Market, by End-user
11.1.7.3.4 Mexico Mobility Aids Market, by Distribution Channel
Note - Similar analysis would be provided for below mentioned regions/countries
11.2 Europe
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 Spain
11.2.5 United Kingdom
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Middle East and Africa
11.4.1 South Africa
11.4.2 Saudi Arabia
11.4.3 U.A.E
11.4.4 Rest of Middle East and Africa
11.5 South and Central America
11.5.1 Brazil
11.5.2 Argentina
11.5.3 Rest of South and Central America
12. Industry Landscape
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. Mobility Aids Market - Key Company Profiles
14.1 Invacare Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
Note - Similar information would be provided for below list of companies
14.2 Stryker Corporation
14.3 Medline Industries, Inc.
14.4 NOVA Medical Products
14.5 Sunrise Medical LLC
14.6 Otto Bock HealthCare
14.7 Karman Healthcare
14.8 Carex Health Brands Inc.
14.9 Pride Mobility Products Corporation
14.10 ETAC AB
15. Appendix
15.1 Glossary
15.2 About The Insight Partners
15.3 Market Intelligence Cloud
The List of Companies - Mobility Aids Market
- Invacare Corporation
- Stryker Corporation
- Medline Industries, Inc
- NOVA Medical Product
- Sunrise Medical LLC
- Otto Bock HealthCare
- Karman Healthcare
- Carex Health Brands Inc.
- Pride Mobility Products Corporation
- ETAC AB.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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