India Mobility Aids Medical Devices Market Size Set to Cross USD 467 Million by 2029

Published | 16 August 2023

India mobility aids medical devices market is flourishing because of rising awareness about the products, government’s supportive initiatives, growing geriatric population, and increasing prevalence of disabilities.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India mobility aids medical devices market size at USD 322.1 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India mobility aids medical devices market size to grow at a significant CAGR of 6.39% reaching a value of USD 467.2 million by 2029. Major growth drivers for the India mobility aids medical devices market include an increasing geriatric population resulting in rising mobility-related issues. There is a growing awareness among the public about the importance of accessibility and inclusive healthcare, contributing to increased adoption of these devices. Government initiatives aimed at improving healthcare infrastructure and promoting assistive devices have also played a crucial role in shaping the market. Also, technological advancements have led to the development of more efficient and user-friendly mobility aids, further propelling market growth. The escalating prevalence of disabilities, urbanization, and changing lifestyles have also increased the need for mobility aids, making them a crucial component of the healthcare landscape in India. However, lack of accessibility and infrastructure is anticipated to restrain the overall market growth during the period in analysis.

India Mobility Aids Medical Devices Market – Overview

India mobility aids medical devices market refers to the sector within the medical industry that encompasses the production, distribution, and utilization of assistive devices designed to enhance the mobility and independence of individuals with disabilities or mobility challenges. These mobility aids can include a wide range of products, such as wheelchairs, crutches, walking sticks, mobility scooters, and other assistive devices. The market focuses on providing solutions that address the mobility needs of people with various physical impairments, injuries, or age-related limitations, contributing to improved accessibility and quality of life for such individuals in India.
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Impact of COVID-19 on India Mobility Aids Medical Devices Market

COVID-19 pandemic had a mixed impact on the India mobility aids medical devices market. On the one hand, the increased awareness of healthcare and hygiene has driven demand for mobility aids as people prioritize their health and safety. However, disruptions in supply chains and manufacturing during lockdowns have led to temporary challenges in meeting this demand. Additionally, the economic slowdown has affected consumer spending, impacting the affordability of mobility aids for some individuals. Nevertheless, as the pandemic highlighted the importance of healthcare preparedness, it also opened opportunities for the market to innovate and collaborate with technology to improve accessibility and distribution in the post-pandemic era.

India Mobility Aids Medical Devices Market – By Type

By type, the India mobility aids medical devices market is divided into Wheelchairs, Mobility Scooters, and Walking Aids segments. Wheelchairs and walking aids segments held the highest market share in the India mobility aids medical devices market by type due to their essential role in assisting individuals with mobility challenges. They provide significant support and independence for people with disabilities or limited mobility. These aids are widely used and highly demanded because of their practicality, cost-effectiveness, and versatility in addressing various mobility needs, making them the most popular choices among consumers and healthcare providers in India.

Competitive Landscape

Major players operating in the India mobility aids medical devices market include GF Health Products, Inc., Invacare Corporation, Pride Mobility Products Corporation, Sunrise Medical Limited, OttoBock Healthcare GmbH, Permobil AB, Drive Medical Ltd., and Levo AG. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Mobility Aids Medical Devices Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Mobility Aids Medical Devices Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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