As America’s aging population grows, the demand for high-quality mobility and home medical equipment is on the rise. Home medical equipment companies, like Mobility & More, are uniquely positioned to meet these increasing needs by understanding key trends and statistics that shape the future of the industry. Below, we explore the factors driving this demand:
Life Expectancy: The average life expectancy in the United States continues to rise, with many individuals living well into their 80s and beyond. This longevity increases the likelihood of mobility challenges and the need for assistive devices.
Senior Population Growth: By 2030, all Baby Boomers will be aged 65 or older, and seniors will make up over 20% of the U.S. population. This significant demographic shift underscores the growing market for mobility and medical equipment.
Health and Mobility Concerns: According to senior health statistics, a large percentage of older adults experience mobility limitations or chronic conditions that impact their independence. Products like wheelchairs, scooters, and lift chairs become essential for maintaining quality of life.
Aging in Place: Over 70% of seniors prefer to age in place rather than move to assisted living facilities. This trend drives demand for home accessibility solutions such as stairlifts, wheelchair ramps, and other adaptations that enable seniors to remain in their homes safely.
As American age demographics shift, the need for quality mobility and home medical equipment continues to grow. In order to meet the needs of the United States’ growing elderly population, home medical equipment companies must plan for increasing market demands in the future.
Below discusses America’s aging population statistics ranging from average life expectancy, senior health statistics, and projections for future population aging, examining the increasing preference for aging in place. With comprehensive data from Mobility & More, you’ll gain insights into the future of the home medical equipment industry in America.
Forty million Americans are now over age 65. For home care agencies, this demographic shift represents an opportunity to provide essential care, ensuring healthy aging at home for an older population.
Due to advancements in heart disease treatment and other medical breakthroughs, the average life expectancy in the United States has reached 79.9 years. With Americans living for nearly eight decades, the demand for reliable home care services for this age group is higher than ever.
Due to advancements in heart disease treatment and other medical breakthroughs, the average life expectancy in the United States has reached 79.9 years. With Americans living for nearly eight decades, the demand for reliable home care services for this age group is higher than ever.
As revealed by recent labor statistics, it is projected that deaths will exceed births in the United States by 2040. For home care agencies, this highlights the importance of expanding and enhancing in-home services to cater to a growing elderly population.
About 77% of baby boomers and adults over the age of 50 prefer to age in place, opting to remain in their own homes as opposed to relocating to assisted living facilities or nursing homes. This preference highlights the importance of accessible home modifications and in-home care services to accommodate the needs of an aging population.
According to recent data, 92% of adults express a desire to live at home throughout their older ages. As the majority of seniors in America wish to stay in their homes, the home care industry must innovate its services to meet this growing demand.
“Aging In Place Statistics And Facts In 2024.” Deb Hipp. Forbes Health. May 2, 2024. https://www.forbes.com/health/healthy-aging/aging-in-place-statistics/
“Get the Facts on Older Americans.” National Council on Aging. July 16, 2024. https://www.ncoa.org/article/get-the-facts-on-older-americans
“The Demographic Outlook: 2024 to 2054.” Congressional Budget Office. January 2024. https://www.cbo.gov/publication/59899
“The US Population Is Aging.” Urban Institute. 2024. https://www.urban.org/policy-centers/cross-center-initiatives/program-retirement-policy/projects/data-warehouse/what-future-holds/us-population-aging
Mobility & More offers a wide range of medical and healthcare product options designed to promote accessibility, independence, and quality of life. Whether you’re suffering from some mobility issues, recovering from a recent injury or looking to add safety.
2301-A Crownpoint Executive Dr. Charlotte, NC 28227
Info@mobility-more.com
704-821-7777
