US Mobility Aids Market
The US mobility aids market size was valued at US$ 2,965.90 Mn in 2022 and is expected to reach US$ 4,513.37 Mn by 2028; it is estimated to record a CAGR of 7.2% from 2022 to 2028.
The factors driving the market include increasing geriatric population, and rising mobility impairment disorder cases, However, high cost of devices hinder the market growth.
Availability of More Efficient, User-Friendly, and Accessible Devices with Technological Advancements Opportunity for Growth of Mobility Aids Market
Advanced mobility aids such as AI-integrated devices, foldable wheelchairs, and electric scooters make transportation more accessible for end users. According to NVIDEA, the autonomous wheelchair project from the Karunya Institute of Technology and Sciences in Coimbatore, India, focuses on improving mobility for people with disabilities by employing the NVIDIA Jetson platform for edge AI and robotics. The newly designed autonomous motorized wheelchair has USB cameras, lidar sensors, and depth sensors, enabling it to sense its surroundings and map a clear path to the user's destination. The NVIDIA Jetson Nano Developer Kit processes the data obtained from cameras and sensors in real time. In the next step, the Karunya Institute of Technology and Sciences focuses on detecting environmental impediments using computer vision models based on deep learning.
This advancement improves user experience and reduces the risk of pressure sores and other complications associated with prolonged use. Thus, technological advancements have the potential to revolutionize the mobility aids market, by supporting the development and launch of more efficient, user-friendly, and accessible devices, which presents significant opportunities for market players, allowing them to cater to a broader range of individuals with mobility impairments
Product Type-Based Insights
Based on product type, the mobility aids market is segmented into wheelchairs and walking aids. The wheelchairs segment is further bifurcated into powered, unpowered, and smart. The walking aids segment is also further classified into walkers, crutches, rollators, walking sticks and canes. However, the walking aids segment is anticipated to register a higher CAGR of during 2022-2028.
Application-Based Insights
The mobility aids market, by application, is segmented into neurologically impaired, handicap patients, and other applications. In 2022, the neurologically impaired segment held the largest share of the market and is expected to grow at the fastest rate during the coming years.
Type of Supplier-Based Insights
The mobility aids market, by type of supplier, is bifurcated into branded and unbranded. The branded segment held a larger share of the mobility aids market share in 2022. However, the unbranded segment is anticipated to register a higher CAGR of during 2022-2028.
End User-Based Insights
The mobility aids market, by end users, is segmented into homecare, hospitals and clinics, rehabilitation centers, and ambulatory surgical centers. In 2022, the homecare segment held the largest share of the market.
Distribution Channel-Based Insights
The mobility aids market, by distribution channel, is segmented into online and offline. The offline segment held the most significant market share in 2022. However, the online segment is anticipated to register a highest CAGR during 2022-2028
A few of the major primary and secondary sources referred to while preparing the report on the mobility aids market are the Centers for Disease Control and Prevention, National Spine Health Foundation, Osteoarthritis (OA) Action Alliance.
Strategic insights for the US Mobility Aids provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 2,965.90 Million |
| Market Size by 2028 | US$ 4,513.37 Million |
| Global CAGR (2022 - 2028) | 7.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | United States
|
| Market leaders and key company profiles |
The geographic scope of the US Mobility Aids refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The List of Companies - US Orthotic Aids Market
The US Mobility Aids Market is valued at US$ 2,965.90 Million in 2022, it is projected to reach US$ 4,513.37 Million by 2028.
As per our report US Mobility Aids Market, the market size is valued at US$ 2,965.90 Million in 2022, projecting it to reach US$ 4,513.37 Million by 2028. This translates to a CAGR of approximately 7.2% during the forecast period.
The US Mobility Aids Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the US Mobility Aids Market report:
The US Mobility Aids Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The US Mobility Aids Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the US Mobility Aids Market value chain can benefit from the information contained in a comprehensive market report.
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