According to our new research study on "US Mobility Aids Market Forecast to 2028 – US Analysis – by Product Type, Application, Type Of Supplier, End User, Distribution Channel," the Mobility aids market size was valued at US$ 2,965.90 million in 2022 and is projected to reach US$ 4,513.37 million by 2028. It is estimated to register a CAGR of 7.2% during 2022–2028.
A mobility assist is a tool that facilitates walking for those with mobility issues or otherwise enhances their mobility. Devices called 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. According to the demands of the individual user, these devices can provide any or all of the following: improved stability, decreased lower-limb burden, and movement generation, helping to maintain upright ambulation.
With age, people become more susceptible to mobility limitations, as a result of which they require medical assistance or aid to avoid dependence on other individuals. The global population is aging rapidly, and the number of older adults is expected to increase significantly in the coming years. According to the 2020 Census, in the US, the population aged 65 and above surged at a rate nearly five times faster than the overall population growth during 1920–2020. In 2020, 55.8 million Americans, i.e., 16.8% of the total population, were aged 65 and above. Further, 13% of Brazil's population—more than 30 million seniors—is aged 60 or more; this population is expected to reach ~50 million by 2030, i.e., 24% of the country's population.
Older adults often face challenges such as reduced muscle strength, balance issues, and joint problems, making it challenging for them to move around independently. Mobility aids such as walkers, canes, and wheelchairs are designed to provide support and assistance to them. These devices can help prevent falls, reduce the risk of injuries, and enable older adults to remain active and engaged in daily activities. Manufacturers are developing products for older adults, with a greater focus on stability, ease of use, and comfort.
Thus, the increasing geriatric population is a significant driver for the growth of the 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, and ETAC AB are among the leading companies operating in the US Mobility aids market.
The report segments the US orthotic aids market as follows:
The mobility devices market, by product type, is segmented into wheelchairs and walking aids. By application mobility aids market is segmented into neurologically impaired, handicap patients, and other applications. The mobility aids market, by type of supplier, is segmented into branded and unbranded. Based on end users, US mobility market is segmented into homecare, hospitals and clinics, rehabilitation centers, and ambulatory surgical centers. On the basis of distribution channel market is classified into online and offline.
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