Mobility Aid Devices Market Share

North American Market Forecast

The North America mobility aid devices market is projected to hold about 35% of the revenue share by the end of 2037. The region is home to some of the greatest manufacturers of mobility aids, which supports the growth of the sector. Along with major investments in health and welfare, North America has manufactured cutting-edge and user-friendly mobility aids to meet the needs of those who have mobility challenges. The United States spent over USD 3.5 trillion on health care overall in 2020, and it is predicted that this amount will rise to USD 6 trillion by the end of 2028.

APAC Market Statistics

The mobility aid devices market in the Asia Pacific is also projected to have about 28% market share. With the attractive reimbursement regulations for purchasing or renting services, the market is expected to grow quickly throughout the forecast period in the region.  Moreover, the rising number of accidents in the Asia-Pacific region is increasing the requirement for mobility aid devices for injured people. As per the Asian Development Bank, every year in Asia and the Pacific accounts for nearly 645,000 road accidents.