Report Overview
Global Mobility Aids and Transportation Equipment Market reached US$ 6.29 billion in 2023 and is expected to reach US$ 10.17 billion by 2031, growing with a CAGR of 6.2% during the forecast period 2024-2031.
Movement aids and transportation equipment are specifically designed gadgets that provide assistance to individuals with limited movement. These gadgets are primarily used to improve the ability of disabled or elderly individuals who rely on caretakers to move independently. There is a wide range of items available in the market that facilitate the movement of those with disabilities. The rapid progress in technology and research and development in the medical equipment industry enables the introduction of novel solutions that enhance the quality of life for those with disabilities. This gadget enables those with disabilities to move autonomously without any dependancy on others.
The China mobility aids and transportation equipment industry has shown substantial growth in recent years. In China, there is an increased need for mobility aids and transportation equipment because of a growing elderly population and an increasing awareness of accessibility. Wheelchairs, mobility scooters, walking aids, and adapted vehicles are among the several products encompassed by this sector.
Market Scope
| Metrics | Details |
| CAGR | 6.2% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Product Type, Age Group, End-user and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights. |
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Market Dynamics
Government Initiatives And Technological Advancements Are Driving Forces Behind Market Growth
The current surge in demand for mobility aids and transportation equipment can be ascribed to the increasing number of elderly individuals in the population. The incidence of knee ailments, skeletal problems, and impaired mobility has risen in tandem with the worldwide demographic shift towards an aging population. Wheelchairs, mobility scooters, and walking aids are currently in high demand due to the prevailing demographic trend.
The enhanced efficacy and convenience of these devices mostly stem from technical advancements in the healthcare sector. This has enhanced the availability of resources for individuals requiring mobility assistance and transportation devices, as well as the expansion of hospitals and healthcare facilities. The transportation aids and mobility equipment market is enhanced by continuous developments in gadget technology, resulting in increased comfort and convenience.
The mobility assistance and transportation equipment business has been stimulated by government initiatives and public awareness campaigns promoting the utilization of various types of equipment. The aging population, technological progress, the expansion of healthcare infrastructure, and greater awareness fuel the increasing need for mobility aids and transportation equipment.
High Costs and Abundant Substitutes Challenge Mobility Aid Sales
The sales of mobility aids are being challenged by high costs and the availability of several substitutes.
The mobility aids and transportation equipment market encounters significant sales obstacles as a result of the substantial financial investment required and the extensive array of alternative choices accessible. These impediments deter prospective purchasers, potentially resulting in a significant decline in the market for mobility aids and transportation equipment. The elevated prices of essential mobility aids may render their acquisition costly for certain individuals and healthcare institutions.
Consumers have a range of options for getting around, such as ride-sharing services and manual wheelchairs. This creates competition for sales of mobility aids and transportation equipment. The combination of these components contributes to the challenging market conditions that impact the demand for mobility aids and transportation equipment.
Market Segment Analysis
The global battery separator market is segmented based on Product Type, Age Group, End-user, and Region.
Wheelchairs Set to Lead Market Growth Amid Aging Population and Technological Advancements
Wheelchairs are positioned to become the dominant segment based on product type in the market. Several crucial factors substantiate this estimation, with the aging population being the most prominent. The incidence of bone fractures resulting from small accidents rises in tandem with the average age of the population.
Wheelchairs are often necessary for enhanced mobility following injuries, leading to an increase in the demand. The demographic transition underscores the crucial role that wheelchairs play in enhancing the independence of elders and improving their quality of life.
Technological developments, such as the use of lightweight materials and improved maneuverability, have made wheelchairs more attractive and accessible to a broader range of users.
Various mobility aids and transportation equipment are incorporating advancements in wheelchair chairs and adjustable wheels to accommodate diverse terrains. Several goods that are gaining popularity are assistive robots designed for performing basic household tasks and creative wearable gadgets such as colorblind spectacles, which aid colorblind individuals in distinguishing various colors.
Market Geographical Share
Regional And Sectoral Dynamics In Mobility Aid In North America
The regional market is expected to experience consistent growth in the coming years. This growth can be attributed to factors such as the growing number of elderly individuals, the increasing prevalence of age-related diseases, the presence of advanced healthcare facilities, significant investments in healthcare, and favorable reimbursement policies for purchasing or renting services.
In addition, the projected surge in spinal cord injuries is expected to drive substantial growth in the mobility assistance devices market throughout the forecast period. Based on data from the National Spinal Cord Injury Statistical Center, around 291,000 individuals in the United States experience spinal cord injuries each year, with over 17,730 new cases occurring annually.
The sales of assistive mobility devices are predicted to grow in the next years due to the increasing awareness of technical breakthroughs and the introduction of new products by major and mid-scale companies.
Moreover, the participation of prominent stakeholders in the mobility devices sector in the United States is expected to enhance the growth of the market for mobility assistive devices.
Russia-Ukraine War Impact Analysis
Following the outbreak of the Ukraine war, there has been a significant increase in the demand for assistive devices related to cognitive abilities, communication, hearing, mobility, self-care, and vision. The availability of transportation and healthcare has been significantly diminished due to issues. The conflict has prevented the internally displaced individuals who are elderly, disabled, and chronically ill from acquiring assistance equipment.
The ATscale Global Partnership for Assistive Technology and Ukraine Humanitarian Fund jointly sponsored AT10 in 2022 to tackle this issue. The project was initiated by the WHO Country Office in Ukraine, with technical assistance provided by WHO/Europe in Copenhagen.
The project expeditiously provided assistive technology to 5 oblast health facilities. Each kit had a selection of 10 necessary items, such as crutches, wheelchairs, walking sticks, frames, catheter kits, absorbent continence products, and toilet and shower chairs.
War-displaced individuals may migrate to and settle in Chernihiv, Dnipro, Kyiv, Sumy, and Zaporizhzhia. "The project signifies a significant achievement in times of crisis, as it marked the initial integration of assistive technology into emergency response," declared Cathal Morgan, a Policy Consultant at WHO/Europe.
The initiative involved collaboration between the Ukrainian ministries of health and social policy, local governments, WHO/Europe, WHO headquarters, and the WHO Country Office in Ukraine, together with a nationwide network of partners specializing in rehabilitative assistive technology.
By Products
- Wheelchairs
- Stretchers
- Walking Aids
- Motility Scooters
- Stairlift
- Others
By Age Group
- Mobility Aids for Children
- Mobility Aids for Elderly
By End-users
- Hospitals
- Ambulatory Surgery Centres
- Homecare setting
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- The Indian government has launched the Scheme of Assistance to Disabled Persons to facilitate the acquisition of advanced, long-lasting, and contemporary aids and medical gadgets that are scientifically produced and meet standard requirements. This initiative aims to enhance the social, psychological, and physical rehabilitation of those with disabilities.
- Based on the data released by the National Council of Aging (NCOA), around 25% of Americans who are 65 years old or older experience a fall each year, resulting in over 2.8 million injuries that require treatment in hospital emergency departments. The increasing elderly population and the growing concern about falling may restrict their physical activities, leading to a higher demand for mobile gadgets.
Market Competitive Landscape
The major global players in the market include Drive DeVilbiss Healthcare, GF Health Products, Inc., Invacare Corporation, Carex Health Brands, Inc., Kaye Products, Inc., Briggs Healthcare, Medline Industries, Inc., NOVA Medical Products, Performance Health, and Rollz International.
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- To visualize the global battery separator market segmentation based on component, enterprise size, end-use and region, as well as understand key commercial assets and players.
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- Excel data sheet with numerous data points of battery separator market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
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The global mobility aids and transportation equipment market report would provide approximately 86 tables, 85 figures, and 224 pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
