Mobility Aid Devices Market size was valued at USD 9.81 billion in 2024 and is anticipated to cross USD 17.87 billion by the end of 2037, expanding at more than 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of mobility aid devices is estimated at USD 10.22 billion. The market is estimated to grow on the back of the surging prevalence of chronic diseases, such as cardiovascular diseases along with the rising number of people that are suffering from physical functioning. As per the world health organization, cardiovascular diseases claimed the lives of 17.9 million individuals worldwide in 2019, accounting for 32% of all deaths.
Consumers increasingly favor high-tech goods like smart chairs, and powered vehicles that can be operated by power buttons or mobile applications. People's preference for improved and innovative mobility goods is influenced by their higher disposable income. For instance, the AT2030 program of Clinton Health Access estimates that in high-income countries like the United States, Canada, and China, 90% of people with disabilities have access to wheelchairs.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?