America’s Aging Population & Statistics

America’s Aging Population

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:

Key Statistics

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.

How many Americans are over 65?

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.

What is the average life expectancy in America?

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.

How many Americans will be over 65 by 2040?

By 2040, it is estimated that 1 in 5 Americans will be over the age of 65. This demographic shift calls for improvements and expansion of healthcare and home care services across the country.

Will deaths exceed births in America?

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.

What percentage of adults prefer to age in place?

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.

How many seniors want to live at home?

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.