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Senior Mobility Aid Devices Market Trends

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

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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.

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.