Elderly And Disabled Assistive Devices Market, By Device Type (Medical Mobility Aids and Ambulatory Devices, Medical Furniture and Bathroom Safety Products, Hearing Aids, Vision and Reading Aids), By End User (Hospital, Home Care Settings, Nursing Homes, Assisted Living Facilities, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
Due to rapidly aging population worldwide, there has been huge demand for devices that help senior citizens and people with disabilities to live independently. Assistive devices range from daily living aids to complex medical equipment. Mobility aids like walkers, wheelchairs and scooters are widely used by elderly people with limited physical abilities. Monitoring devices help family members take care of their needs remotely. Technological advancements make assistive solutions more affordable and effective at improving quality of life. Due to rising lifestyle diseases and medical costs, assistive products provide cost-effective alternatives to institutionalization. With better awareness and supportive policies, the can witness growth in the near future.
Market Dynamics:
Global elderly and disabled assistive devices market growth is driven by factors such as rising geriatric population, increasing cases of disabilities caused by accidents or lifestyle diseases, growing health awareness and emphasis on independent living. However, issues such as high cost of sophisticated devices, lack of social and physical infrastructure in poor regions, and inadequate reimbursement policies can hamper the market growth. Ongoing innovations in medical technology, expansion of online sales and remote healthcare can offer new growth opportunities. Collaboration with healthcare providers and supported living facilities can offer opportunities for market players.
Key Features of the Study:
- This report provides in-depth analysis of the global elderly and disabled assistive devices market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global elderly and disabled assistive devices market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Invacare, Sunrise Medical, Drive Medical, Medline Industries, GF Health Products, and Benmor Medical
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global elderly and disabled assistive devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global elderly and disabled assistive devices market
- By Device Type
- Medical Mobility Aids and Ambulatory Devices
- Medical Furniture and Bathroom Safety Products
- Hearing Aids
- Vision and Reading Aids
- By End User
- Hospital
- Home Care Settings
- Nursing Homes
- Assisted Living Facilities
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- AI Squared
- Drive Medical
- GN Resound Group
- Invacare
- Nordic Capital
- Pride Mobility Products Corporation
- Siemens Ltd.
- Sonova Holding AG
- Starkey hearing technologies
- William Demant Holding A/S
- GF Health Products, Inc.
- Magic Mobility Ltd.
- MEYRA GmbH
- Audina Hearing Instruments, Inc.
- Handicare Group AB
- Enabling Technologies
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Device Type
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Scenario
- Acquisitions and Partnerships Scenario
- Funding and Investments
- PEST Analysis
- Porter’s Analysis
- 4. Global Elderly and Disabled Assistive Devices Market - Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 Impact on the Market
- 5. Global Elderly and Disabled Assistive Devices Market, By Device Type, 2019 – 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 – 2031
- Segment Trends
- Medical Mobility Aids and Ambulatory Devices
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Medical Furniture and Bathroom Safety Products
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Hearing Aids
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Vision and Reading Aids
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- 6. Global Elderly and Disabled Assistive Devices Market, By End User, 2019 – 2031, (USD Bn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 – 2031
- Segment Trends
- Hospital
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Home Care Settings
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Nursing Homes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Assisted Living Facilities
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
- 7. Global Elderly and Disabled Assistive Devices Market, By Region, 2019 – 2031, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020–2031
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 – 2031, (USD Bn)
- North Africa
- Central Africa
- South Africa
- 8. Competitive Landscape
- Company Profiles
- AI Squared
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Drive Medical
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- GN Resound Group
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Invacare
- Company Highlights
- Method Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Nordic Capital
- Pride Mobility Products Corporation
- Siemens Ltd.
- Sonova Holding AG
- Starkey hearing technologies
- William Demant Holding A/S
- GF Health Products, Inc.
- Magic Mobility Ltd.
- MEYRA GmbH
- Audina Hearing Instruments, Inc.
- Handicare Group AB
- Enabling Technologies
- 9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
- 10. References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact
- *Browse 32 market data tables and 28 figures on Elderly and Disabled Assistive Devices Market” - Global forecast to 2031
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