According to FutureWise analysis the market for mobility aid devices in 2023 is US$ 10.54 billion, and is expected to reach US$ 15.95 billion by 2031 at a CAGR of 5.32%.
A mobility aid is a gadget that assists people with mobility issues in walking or in other ways. Mobility aids are devices that help the elderly and disabled get around more easily. These items can also be used to transport patients who are unable to move around in their in-home care settings. Braces, canes, crutches, and walkers are just a few examples of mobility aids. Walking aids include assistive canes (also known as walking sticks), crutches, and walkers. These devices aid in upright ambulation by providing any or all of the following benefits: increased stability, reduced lower-limb burden, and movement generation, depending on the needs of the individual user. These devices provide a range of benefits to users, including improved independence, less discomfort, and increased confidence and self-esteem. Others use electric scooters and manual or control wheelchairs. It can also assist youngsters who have birth abnormalities or are mentally ill. A medical mobility aid could be a complex electronic device or a simple building. In healthcare, medical mobility aids are utilised in a range of situations, including orthopaedics and general medical equipment. Some of the primary elements driving demand include a rise in the target population, increased product growth, and an increase in the frequency of occurrences resulting in disability. The global prevalence of chronic diseases, as well as the growing older population, are driving market growth.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Mobility Aid Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Mobility Aid Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.