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Senior Mobility Aid Devices Market Share

Report ID: GMI7889
Published Date: Jan 2024
Report Format: PDF

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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.

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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

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for senior mobility aid devices was valued at USD 11.06 billion in 2023 and is anticipated to register a CAGR of over 6.6% between 2024 and 2032, as it caters to the evolving needs of an aging population, providing a range of products designed to enhance and support the mobility of elderly individuals.

In 2023, the wheelchair segment generated revenue of USD 4.80 billion and this dominance will continue, attributed to the high prevalence of Alzheimer's and Parkinson's diseases within the aging population.

Asia Pacific market held a revenue market share of 36.5% in 2023 and will continue to grow through 2032, 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.

Besco Medical, Drive DeVilbiss Healthcare, GF Health Products Inc., Invacare Corporation, MEYRA GmbH, Medline Industries, LP, Nova Medical Products, and Ottobock Healthcare GmbH among others.