The mobility aids market size is expected to grow from US$ 7,554.74 million in 2022 to US$ 13,344.61 million by 2030; it is estimated to record a CAGR of 7.4% during 2022-2030.
Coverage: Product Type (Wheelchairs and Walking Aids), Application (Neurologically Impaired, Handicap Patients, and Other Applications), End User (Hospitals and Clinics, Rehabilitation Centers, Ambulatory Surgical Centers, and Homecare), Distribution Channel (Online and Offline), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
The mobility aids market growth is attributed to the increasing geriatric population and rising mobility impairment disorder cases. However, the high cost of devices hinders the market growth.
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The availability of more efficient, user-friendly, and accessible devices with technological advancements offers significant growth opportunities to the market. 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. The geriatric society faces mobility issues due to poor balance, chronic diseases, and the inability to walk long distances or even walk around the house. As people age, they suffer from poor vision and slower reflexes. This affects their mobility, physical activity, and access to commodities. People may need a wheelchair for a variety of reasons, such as mobility issues or mental disabilities. Technology can help overcome some of these problems. Newer innovations in wheelchair design make wheelchairs capable of climbing stairs, going off-road, and even propel using segway technology or additional add-ons such as handbikes, or power assists. Developing technologies may make it possible for individuals to control the chair through eye movements. With digitalization, the wheelchair segment has improved significantly. Below mentioned are some of the breakthrough innovations in this sector:
- Self-driving wheelchair, developed by Guru IoT, is based on the digital twinning concept. The wheelchair is equipped with a map of the area in which it is to be used to help the user move around easily. The wheelchair is also equipped with an additional safety feature and proximity sensors to make sure that the user is not injured. This can be beneficial for elderly people with mobility issues combined with dementia.
- Luci is a smart wheelchair that was designed to enhance the features of powered wheelchairs. It was developed in the US with safety in mind. It has sensors that use radar, ultrasonics, and cameras and detect an impending collision and slow the chair down, making it much safer than powered wheelchairs that need manual intervention. This is especially useful for elderly people who may not have the ability to stop the chair in case of emergencies.
- Phoenix i wheelchair was developed by a Scottish designer and entrepreneur, Andrew Slorance, using 3D printing technology. The 3D-printed carbon fiber helps to create an ultra-lightweight chair that offers great agility and stability. The chair also has an “intelligent mode” where the chassis and wheels move in sync with the rider.
- Development of Eyedrivomatic to provide people living with conditions like amyotrophic lateral sclerosis (ALS), a chance to gain more control over their movement through the use of motorized wheelchairs and an eyegaze system.
Improvements in technology, such as artificial intelligence, have been able to help people with different types of disabilities. Other types of improvements in technology include adaptive keyboards, AI-powered smart canes, smart glasses, wheelchairs that can climb stairs, and much more. This presents significant opportunities for market players, allowing them to cater to a broader range of individuals with mobility impairments.
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