Press Release

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.

                                                                                             

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India 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

 

Download Free Sample Report

Customers can also request for 10% free customization on this report.

 

“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.

 

Contact

Techsci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

M: +13322586602

Email: [email protected]

Web: https://www.techsciresearch.com/