Elderly and Disabled Assistive Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Elderly and Disabled Assistive Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global elderly and disabled assistive devices market size reached US$ 29.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.

Elderly and Disabled Assistive Devices are external devices designed for assisting individuals in performing different tasks and activities. They aid in improving the quality of life of the people in terms of mobility and communication by helping them move around, see, communicate, eat, or get dressed. They can reduce the stress of caregivers and enable them in providing care more efficiently and safely. At present, there is a significant rise in the geriatric population, which has increased the need for assistance while performing daily activities. This, in turn, is catalyzing the demand for elderly and disabled assistive devices across the globe.

Elderly and Disabled Assistive Devices Market Trends:
The widespread prevalence of musculoskeletal conditions, such as osteoarthritis, rheumatoid arthritis, psoriatic arthritis, gout, ankylosing spondylitis, osteoporosis, osteopenia and associated fragility fractures, represents one of the key factors stimulating the growth of the market. Moreover, Elderly and Disabled Assistive Devices, include wheelchairs, prostheses, spectacles, pill organizers, blood glucose meters, crutches, nursing beds, shower seats, toilet seats, and specialized computer software and hardware. These devices help increase mobility, hearing, vision, and communication capacities. They also comprise automatic page-turners, book holders, and adapted pencil grips to help specially-abled individuals participate in educational activities. Besides this, physical modifications in the built environment, including ramps, grab bars, and wider doorways, can offer access to buildings, businesses, and workplaces. This, coupled with the rising adoption of wearable Elderly and Disabled Assistive Devices, is positively influencing the market. Furthermore, the introduction of the internet of things (IoT) assistive devices, such as smart canes equipped with sensors and ultrasonic ranging to detect objects in their path, is driving the overall sales and profitability.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global elderly and disabled assistive devices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service type and end user.

Breakup by Service Type:

Mobility Aids Devices
Wheelchairs
Mobility Scooters
Cranes and Crutches
Walkers and Rollators
Transfer Lifts
Door Openers
Others
Living Aids Devices
Reading and Vision Aids
Hearing Aids
Medical Furniture
Medical Beds
Medical Furniture Accessories
Door Openers
Others
Bathroom Safety Devices
Commodes
Bars, Grips, and Rails
Shower Chairs
Ostomy Products

Breakup by End User:

Hospitals
Nursing Homes
Assisted Living Facilities
Homecare

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Carex Health Brands Inc., Demant A/S, GF Health Products Inc., GN Hearing A/S, Invacare Corporation, Kaye Products Inc., Medical Depot Inc., NOVA Medical Products, Pride Mobility Products Corporation, Sonova Holding AG, Starkey Hearing Technologies and Sunrise Medical Inc.

Key Questions Answered in This Report:
How has the global elderly and disabled assistive devices market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global elderly and disabled assistive devices market?
What are the key regional markets?
What is the breakup of the market based on the service type?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global elderly and disabled assistive devices market and who are the key players?
What is the degree of competition in the industry?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Elderly and Disabled Assistive Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service Type
6.1 Mobility Aids Devices
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Wheelchairs
6.1.2.2 Mobility Scooters
6.1.2.3 Cranes and Crutches
6.1.2.4 Walkers and Rollators
6.1.2.5 Transfer Lifts
6.1.2.6 Door Openers
6.1.2.7 Others
6.1.3 Market Forecast
6.2 Living Aids Devices
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Reading and Vision Aids
6.2.2.2 Hearing Aids
6.2.3 Market Forecast
6.3 Medical Furniture
6.3.1 Market Trends
6.3.2 Key Segments
6.3.2.1 Medical Beds
6.3.2.2 Medical Furniture Accessories
6.3.2.3 Door Openers
6.3.2.4 Others
6.3.3 Market Forecast
6.4 Bathroom Safety Devices
6.4.1 Market Trends
6.4.2 Key Segments
6.4.2.1 Commodes
6.4.2.2 Bars, Grips, and Rails
6.4.2.3 Shower Chairs
6.4.2.4 Ostomy Products
6.4.3 Market Forecast
7 Market Breakup by End User
7.1 Hospitals
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Nursing Homes
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Assisted Living Facilities
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Homecare
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Carex Health Brands Inc.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Demant A/S
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 GF Health Products Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 GN Hearing A/S
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 Invacare Corporation
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Kaye Products Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Medical Depot Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 NOVA Medical Products
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Pride Mobility Products Corporation
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Sonova Holding AG
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 Starkey Hearing Technologies
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 SWOT Analysis
13.3.12 Sunrise Medical Inc.
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio

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