Elderly Mobility Vehicle Market Size

Elderly Mobility Vehicle Market size is projected to witness lucrative growth rate during the forecast period i.e., between 2024-2036.  Rising technological advancements in the healthcare sector, especially in developed and developing countries is largely expected to propel the market growth in the forthcoming years. Furthermore, escalating awareness levels for mobility devices globally, and surge in research and development activities for enhanced battery technologies are projected to offer profitable opportunities to the market in the near future.

The growth of the market can also be attributed to the rapidly increasing geriatric population around the world, coupled with their high susceptibility to mobility disorders that comes with age.