Global medical mobility aids market to be valued at $15b by 2030
Thanks to technological advancements, increased spending, and changing consumer behaviours.
The global market for medical mobility aids is expected to reach $15b by 2030 at a compound annual growth rate (CAGR) of 3.3%.
Research and Markets revealed that the sector’s growth is driven by technological advancements, increased healthcare spending, and evolving consumer behaviours.
“Innovations such as electric-powered wheelchairs and scooters, GPS-equipped and IoT-enabled devices for user safety and navigation, and lightweight composite materials for easier manoeuvrability are transforming the market,” the report said.
Meanwhile, a trend towards personalisation and aesthetics is further shaping the market with consumers seeking mobility aids that not only address functional needs but also reflect individual style and lifestyle preferences.
Moreover, there is a noticeable shift towards preventive healthcare and mobility maintenance, increasing demand for products that offer long-term support.