India Mobility Aid Medical Devices Market to Grow with a CAGR of 7.58% through 2029
Rising prevalence physical disabilities & injuries
and rise in orthopedic disorders is expected to drive the India Mobility Aid
Medical Devices Market growth in the forecast period, 2025-2029.
According to
TechSci Research report, “India Mobility Aid Medical Devices Market -Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2029”,
the India Mobility Aid Medical Devices Market stood at USD 161.24 Million in
2023 and is anticipated to grow with a CAGR of 7.58% in the forecast period,
2025-2029. The India Mobility Aid Medical Devices Market is driven by several
critical factors. A significant increase in the elderly population, coupled
with their mobility challenges, is a primary driver.
Additionally,
the rising incidence of diseases such as arthritis, stroke, and other physical
disabilities in the population also contributes to the growing demand. The
expanding healthcare infrastructure and increasing awareness about mobility aid
devices have further propelled the market. Government initiatives to provide
better healthcare facilities to the population present growth opportunities for
the market.
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Mobility Aid Medical Devices Market”
The mobility aid
and medical devices market in India is currently experiencing a significant
upswing. This is primarily attributed to the growing elderly population, along
with an increasing incidence of disabilities throughout the country. As a
result, the demand for mobility aids such as wheelchairs, lift chairs, mobility
scooters, power add-on products, walkers, canes, and crutches has become
essential in ensuring an independent and high-quality life for these demographics.
Furthermore, the Indian government is actively making efforts to enhance
accessibility in public spaces for individuals with mobility issues, thereby
driving the demand for these devices. Various initiatives have been
implemented, including the installation of ramps, elevators, and accessible
restrooms. These efforts aim to create an inclusive environment where everyone
can move freely and independently.
Despite these
positive developments, challenges such as high costs and a lack of insurance
coverage for these devices pose considerable obstacles to market growth. The
average Indian consumer may find it difficult to afford these medical aids, and
the limited insurance coverage exacerbates the accessibility issue. To address
this, there is a need for more affordable options and increased insurance
coverage to ensure that these devices are accessible to a wider population.
Nonetheless, the
market presents new opportunities due to increased government initiatives, the
emergence of cost-effective devices manufactured by local companies, and the
rise of e-commerce platforms. Online platforms have made it significantly
easier for consumers to access and purchase these devices, while local
manufacturing has helped to drive down costs. These factors contribute to a
more favorable market environment and encourage market growth. In terms of
market share, wheelchairs currently hold the largest share, closely followed by
mobility scooters. This can be attributed to the high incidence of
non-communicable diseases, such as stroke, which often result in partial or
complete paralysis. These conditions necessitate the use of wheelchairs and
mobility scooters to improve mobility and enhance the quality of life for
affected individuals.
Despite the
challenges, the Indian market for mobility aid and medical devices exhibits a
promising upward trend. Increased awareness, government initiatives, and the
availability of affordable products through e-commerce are expected to continue
driving growth in this sector. However, addressing the issue of affordability
and insurance coverage will be critical to ensure a more inclusive and
sustainable growth trajectory in this market. This requires collaborative
efforts from government bodies, healthcare providers, manufacturers, and insurance
companies to make mobility aids more accessible and affordable for all
individuals in need.
The India Mobility
Aid Medical Devices Market is segmented into product, end user, regional
distribution, and company.
Based on product,
wheelchairs have emerged as the dominant force in the India Mobility Aid
Medical Devices Market, owing to a combination of factors related to the
country's demographics and health trends. India's high prevalence of
non-communicable diseases, such as cardiovascular disorders, respiratory
conditions, and musculoskeletal impairments, has significantly contributed to
the surge in demand for wheelchairs. Additionally, the country's aging
population, coupled with increasing accident rates, has further fueled the need
for these mobility aids. Recognizing the importance of addressing disability
and promoting inclusivity, the Indian government has implemented various
schemes to provide wheelchairs at subsidized rates. This proactive approach
aims to ensure that individuals with mobility limitations have access to the
necessary equipment, enabling them to lead fulfilling and independent lives. As
a result, the widespread adoption of wheelchairs has been fostered, positively
impacting the lives of millions of people across India.
Moreover, apart
from their cost-effectiveness compared to other mobility aids, wheelchairs have
gained growing awareness and acceptance for their pivotal role in enhancing
mobility and facilitating social participation for disabled individuals. The
recognition of their transformative impact on the lives of wheelchair users has
solidified their unwavering dominance in the market. This steadfast market
presence is a testament to the indispensable value that wheelchairs bring to
the lives of millions of people across India, empowering them to overcome
physical barriers and embrace a more inclusive society. With ongoing
advancements in technology and design, wheelchairs continue to evolve, offering
improved comfort, functionality, and customization options. As the demand for
mobility aids continues to grow, wheelchairs remain at the forefront, driving
innovation and positively shaping the future of mobility for individuals with
disabilities.
Based on region,
the northern region of India is dominating the India Mobility Aid Medical
Devices Market due to several factors. The region is home to several densely
populated cities with a high demand for medical aids, such as crutches,
wheelchairs, and walking frames. These cities are not only centers of commerce
and industry but also hubs for healthcare services, attracting patients from
all over the country. The aging population in these cities has further
bolstered the need for mobility assistive devices as individuals seek to
maintain their independence and mobility.
The area also
boasts a plethora of reputable hospitals and medical institutions that maintain
a steady demand for these devices. With advancements in medical technology and
an increasing focus on rehabilitation and patient care, these facilities are
actively incorporating mobility aids into their treatment plans. The
collaboration between medical professionals and device manufacturers has led to
the development of innovative and customized solutions that cater to the
specific needs of patients. The region benefits from robust infrastructure and
logistics networks, facilitating ease of distribution within the market. The
well-connected roadways, railways, and airports ensure efficient transportation
of these medical devices to various healthcare facilities and retail outlets.
The availability of reliable and timely delivery services has contributed to
the accessibility of mobility aids for both medical professionals and
end-users. The northern region of India has emerged as a dominant force in the
India Mobility Aid Medical Devices Market due to its dense population,
reputable healthcare institutions, and robust infrastructure. These factors
have created a thriving market that addresses the growing demand for mobility
assistive devices, ultimately improving the quality of life for individuals in
need of such aids.
Major companies
operating in India Mobility Aid Medical Devices Market are:
- Stryker
India Private Limited
- Forza Medi India Private Limited
- Arjohuntleigh Healthcare India Private
Limited
- Hill-Rom India Private, Limited
- Karma Healthcare Limited
- Paramount Bed India Private Limited
- Otto Bock HealthCare India Private
Limited
- Ostrich Mobility Instruments Private
Limited
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“The future of
the mobility aid medical devices market in India looks promising due to several
influencing factors. With a rapidly aging population and an increase in
lifestyle-related conditions like obesity and cardiovascular diseases, the demand
for mobility aid devices is expected to grow significantly. Additionally,
advancements in technology are leading to the development of more efficient and
cost-effective devices, further driving market growth.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“India Mobility
Aid Medical Devices Market By Product (Wheelchairs, Walking Aids, Mobility
Lifts, Slings, Tricycles, Mobility Scooters), By End User (Personal,
Institutional), By Region, Competition, Forecast & Opportunities, 2019-2019F”, has evaluated the future growth
potential of India Mobility Aid Medical Devices Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Mobility Aid Medical Devices Market.
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