Report Overview

The rapidly aging population, increasing prevalence of disabilities, rising awareness about mobility aid devices, and the government’s supportive initiatives are projected to propel the expansion of the India mobility aids medical devices market during the forecast period between 2023 and 2029.

India Mobility Aids Medical Devices Market - Industry Trends & Forecast Report, 2029

India mobility aids medical devices market size was estimated at USD 322.1 million in 2022. During the forecast period between 2023 and 2029, the size of India mobility aids medical devices market is projected to grow at a 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 the growing aging population, which has led to an increased prevalence of mobility-related issues, and the growing awareness among the public regarding the importance of accessibility and inclusive healthcare. Government initiatives and policies have also played a crucial role in shaping the market, as they focus on enhancing healthcare infrastructure and promoting the adoption of assistive devices across the country. Additionally, technological advancements in mobility aid devices have further contributed to the market's growth, with innovations leading to more efficient and user-friendly products. The prevalence of disabilities, including physical disabilities and injuries, is on the rise in India. This escalating trend has led to an augmented need for mobility aids to support and improve the mobility and independence of individuals with various disabilities. There has been a notable increase in public awareness and understanding of mobility issues and the importance of using assistive devices to enhance mobility. This change in perception has encouraged more people to seek mobility aids, further driving the market. Notably, urbanization and changing lifestyles have resulted in a higher incidence of accidents and injuries, leading to a greater demand for mobility aids. Also, with more people leading sedentary lifestyles, there is an increased need for assistive devices to address mobility challenges.

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.

India Mobility Aids Medical Devices Market

Growth Drivers

Rising Awareness and Government Initiatives

India mobility aids medical devices market is experiencing significant growth due to increasing awareness among the public about the importance of mobility aids and the initiatives taken by the government. Increased awareness has led to higher demand for mobility aids, while supportive government policies and initiatives have improved accessibility and affordability. These factors collectively contribute to the market's expansion, ensuring better mobility solutions for individuals with disabilities or mobility challenges, ultimately enhancing their overall quality of life in India.

Restraints

Lack of Accessibility and Infrastructure

The growth of the India mobility aids medical devices market is hindered by the lack of accessibility and inadequate infrastructure in the country. Many regions still face challenges in providing proper accessibility for individuals with mobility impairments, limiting the reach and adoption of mobility aids. Additionally, inadequate healthcare infrastructure affects the distribution and availability of such devices, making them less accessible to those who need them. Addressing these issues is crucial to unlocking the market's full potential and ensuring that mobility aids reach and benefit a larger segment of the population in India.

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 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

Segmental Coverage

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.

India Mobility Aids Medical Devices Market – By End User

On the basis of end user, the India mobility aids medical devices market is bifurcated into Personal User and Institutional User segments. The personal user segment holds a higher share in the India mobility aids medical devices market due to the increasing preference for personalized and user-specific mobility solutions. Individuals with mobility challenges or disabilities often opt for mobility aids that cater to their unique needs, providing them with greater independence and comfort. Additionally, rising awareness and a growing aging population have boosted the demand for mobility aids among individuals seeking enhanced mobility in their daily lives, contributing to the dominant market share of the personal user segment.

India Mobility Aids Medical Devices Market – By Region

Regionally, the India mobility aids medical devices market is divided into North India, South India, East India, and West 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.

Scope of the Report

By Type

• Wheelchairs

• Mobility Scooters

• Walking Aids

By End User

• Personal User

• Institutional User

By Region

• North India

• South India

• East India

• West India