Senior Mobility Aid Devices Market Size - By Product Type (Wheelchairs, Scooters, Walking Aids, Mobility Lifts, Others), By End-User, By Price, By Distribution Channel & Global Forecast, 2024 – 2032

Senior Mobility Aid Devices Market Size

Senior Mobility Aid Devices Market size was valued at USD 11.06 billion in 2023 and is anticipated to register a CAGR of over 6.6% between 2024 and 2032. The industry caters to the evolving needs of an aging population, providing a range of products designed to enhance and support the mobility of elderly individuals. As per the United Nations Department of Economic and Social Affairs (UN DESA) the global population of people over 60 years of age in 2023 has reached to 1.2 billion.
 

As demographic shifts lead to an increasing proportion of elderly individuals, there is a parallel rise in the demand for mobility aids to address age-related challenges and facilitate independent living. According to a 2018 research report by the World Health Organization, the proportion of the aging population is projected to surge from 7% to 16% of the total global population by the year 2050. Additionally, the study highlights that the number of individuals aged 60 and older will reach 2 billion worldwide by 2050, and one in every six people will be 65 years or older. According to National Council of Aging (NCOA) 2.8 million injuries are treated in emergency department in hospitals due to falling and one in four Americans aged 65 years and above fall each year.
 

Mobility aids such as advanced electric wheelchairs, motorized scooters, and custom-designed walkers often come with a substantial price tag, making them financially challenging for many seniors and their families. The high cost of these devices can be a barrier to accessibility for a considerable portion of the aging population, particularly those on fixed incomes or without comprehensive insurance coverage. The International Labour Organization (ILO) reports that in many developing countries, individuals with disabilities face unemployment rates up to 80%.
 

Senior Mobility Aid Devices Market Trends

Technological advancements like Advanced AI technologies are being integrated into mobility aids to enhance their functionality, responsiveness, and adaptability to users' needs. AI-powered sensors and algorithms contribute to the development of smart mobility devices that can autonomously navigate various terrains, avoiding obstacles and ensuring a safer user experience. Control Bionics, an Australian firm specializing in advanced assistive technology, has developed the NeuroNode wireless wearable device.
 

This technology enables individuals to perform tasks that would typically require a keyboard, mouse, joystick, or touchscreen by utilizing signals from their brain. Through eye-tracking, users can control a cursor on a computer or smartphone and execute actions by leveraging neural signals. The NeuroNode offers a solution that enhances accessibility for individuals facing mobility challenges, empowering them to engage with digital devices more seamlessly and independently.
 

Senior Mobility Aid Devices Market Analysis

Based on the product type, the senior mobility aid devices market is segmented into wheelchairs, scooters, walking devices, mobility lifts, and others, including standers and rollators. In 2023, the wheelchair segment generating a substantial revenue of USD 4.8 billion. This dominance can be attributed to several factors, with a significant one being the high prevalence of Alzheimer's and Parkinson's diseases within the aging population.

Individuals affected by these neurodegenerative conditions often experience mobility challenges, making wheelchairs a vital and widely adopted solution. The wheelchair segment's robust performance in the industry is further driven by its versatility, catering to a diverse range of mobility needs among seniors.
 

Based on end-user the senior mobility aid devices market is categorized into individuals, hospitals, and nursing homes, assisted living facilities, and other entities. In 2023, the hospitals and nursing homes segment emerged as the dominant force, commanding a industry share of 35.8%. This is attributed to the extensive use of mobility aids in healthcare settings to assist elderly patients in their daily activities.

However, the anticipated rapid progression of the individual segment, expected to register the fastest CAGR of 6.1%. These accelerated gains can be attributed to the increasing trend of seniors preferring to age in place, emphasizing personalized and portable mobility solutions. Additionally, advancements in technology, coupled with a rising awareness of the importance of independent living, are driving individuals to seek and adopt senior mobility aid devices.

Based on Distribution Channels the senior mobility aid devices market is bifurcated into online and offline channels. In 2023, the offline segment held a dominant position, holding a industry share of 58.6%. This was attributed to the established presence of brick-and-mortar stores, where consumers, particularly seniors, could physically assess and purchase mobility aid devices. However, the online segment is projected to achieve the fastest CAGR of 6.8% by 2032. The increasing adoption of online channels is fueled by several factors, including the convenience of virtual shopping, a wider product selection, and the ability to compare prices and features easily.
 

The Asia Pacific region currently holds the largest senior mobility aid devices market share of 36.5%. This is due to the region's rapidly aging population, increasing awareness about the benefits of senior mobility aids, and a growing focus on healthcare infrastructure development. This region’s economic development and rising disposable incomes have facilitated a greater adoption of advanced assistive technologies, including senior mobility aid devices.
 

Senior Mobility Aid Devices Market Share

In 2023, dominant market players, including Invacare Corporation, Ottobock Healthcare GmbH, Sunrise Medical Limited, Permobil AB, MEYRA GmbH collectively hold a substantial 20% industry share. This market is a highly fragmented market as it consists of more than 1000 players. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their Senior Mobility Aid Devices designs and incorporate new technologies, allowing them to stay ahead of the competition.
 

Senior Mobility Aid Devices Market Companies

Major players operating in the senior mobility aid devices industry include:

• Besco Medical
• Drive DeVilbiss Healthcare
• GF Health Products Inc.
• Invacare Corporation
• MEYRA GmbH
• Medline Industries, LP
• Nova Medical Products
• Ottobock Healthcare GmbH
• Permobil AB
• Pride Mobility Products Corporation
   

Senior Mobility Aid Devices Industry News

• In October 2023, Sunrise Medical has announced the strategic acquisition of Ride Designs. The acquisition is expected to expand Sunrise Medical’s custom seating offerings, clinical knowledge, service capabilities, and manual and powered mobility devices.
   
• In February 2023, Los Angeles based mobility firm Reyhee announced that it has introduced two FDA-cleared, medical grade electric vehicles, the Cruiser and the Roamer. These products have long-lasting mobility solutions for senior citizens and people with disabilities.
   

The senior mobility aid devices market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments:

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By Product Type, (USD Billion; Million Units)

• Wheelchairs
  • Manual
  • Power
• Scooters
  • Boot Scooter
  • Midsize Scooter
  • Road Scooter
• Walking Aids
  • Crane
  • Crutches
  • Walker
• Mobility Lift
• Others (Standers, Rollers, etc.)

By End-User, (USD Billion; Million Units)

• Individual
• Hospitals and Nursing Homes
• Assisted Living
• Others

By Price, (USD Billion; Million Units)

• Low
• Medium
• High

By Distribution Channel, (USD Billion; Million Units)

• Online Channels
  • E-commerce
  • Company websites
• Offline Channels
  • Specialty Stores
  • Mega Retail Stores
  • Others (Departmental Stores, etc.)

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia 
  • Indonesia 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa