Medical Mobility Aids Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to medical mobility aids market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Medical Mobility Aids Market News

Medical Mobility Aids Market
  • In January 2025, Zimmer Biomet announced its plan to acquire Paragon 28, a medical device company specializing in surgical implants and equipment for foot and ankle disorders, for approximately $1.1 billion. This strategic acquisition aims to enhance Zimmer Biomet's portfolio in orthopedic surgical devices, particularly strengthening its capabilities in the fracture, trauma, and joint replacement segments. The deal includes an upfront payment of $13.00 per share in cash, with a contingent value right of up to $1 per share, potentially increasing the total value to $1.2 billion.
  • In January 2024, Enovis, a medical technology company, completed its acquisition of LimaCorporate, an Italian-based manufacturer of joint implants, extremities, and fixation devices. The acquisition, valued at approximately €800 million, aims to enhance Enovis' presence in the orthopedic reconstruction market. LimaCorporate's innovative products, including Trabecular Titanium implants and shoulder revision devices, are expected to complement Enovis' existing portfolio and expand its global reach in the orthopedic sector.
  • In June 2024, Stryker completed the acquisition of Artelon, a company that develops soft tissue fixation products for sports medicine and foot and ankle procedures. This acquisition adds differentiated synthetic technology designed to enhance biological and mechanical ligament and tendon reconstruction to Stryker's lineup. The integration of Artelon's products is expected to bolster Stryker's offerings in the sports medicine market, providing advanced solutions for soft tissue repair.
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Global Medical Mobility Aids Market size was valued at USD 21.24 Million in 2023 and is poised to grow from USD 22.43 Million in 2024 to USD 31.10 Billion by 2032, growing at a CAGR of 5.60% in the forecast period (2025-2032).

The competitive landscape of the global medical mobility aids industry is characterized by intense innovation, strategic partnerships, and global expansion. Leading players are focusing on product differentiation through technology integration—such as AI-driven wheelchairs and sensor-enabled walkers—to gain a competitive edge. In 2024, a notable example includes a collaboration between a major healthcare device manufacturer and a robotics firm to launch a smart mobility scooter equipped with fall detection and automated navigation features. 'Zimmer Biomet', 'Enovis', 'Paragon 28', 'Stryker', 'Artelon', 'LimaCorporate', 'Smith+Nephew', 'DePuy Synthes (Johnson & Johnson)', 'Orthofix', 'Globus Medical', 'Medtronic', 'B. Braun Melsungen AG'

The increasing global elderly population is one of the primary drivers. As people age, they become more prone to conditions like arthritis, osteoporosis, and limited mobility, necessitating assistive devices like wheelchairs, walkers, and mobility scooters. This demographic shift is particularly noticeable in regions like North America, Europe, and parts of Asia.

Personalized Mobility Through AI and Wearables: Devices are becoming more user centric. AI-enabled exoskeletons and robotic aids now adapt to users' specific needs by learning their mobility patterns, leading to more effective and safer support. The medical mobility aids industry trends toward personalized assistive technology are pushing the market into more sophisticated and niche offerings.

How Is North America Shaping the Medical Mobility Aids Market?

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Global Medical Mobility Aids Market
Medical Mobility Aids Market

Report ID: SQMIG35A3015

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