Asia-Pacific Disabled & Elderly Assistive Device Market Analysis
Meta Des: The Asia-Pacific Disabled & Elderly Assistive Device Market valued USD 6.92 Bn in 2023, and projected to reach USD 20.17 Bn by 2030, at a CAGR of 15.4%
Asia-Pacific Disabled & Elderly Assistive Device Market
Domain – Life Sciences & Healthcare
Sub Domain – Medical Devices
The Asia-Pacific Disabled & Elderly Assistive Device Market size was valued at USD 6.92 billion in 2023, and is predicted to reach USD 20.17 billion by 2030, at a CAGR of 15.4% from 2024 to 2030.
The Asia-Pacific region, include countries such as Japan, South Korea, China, and Australia, are experiencing a notable increase in its elderly demographic due to longer life expectancies and declining birth rates. This demographic shift underscores a critical need for assistive devices such as mobility aids and home care devices, which are essential for older adults to maintain independence and enhance their quality of life.
According to the World Bank Group report 2022, Japan leads the region with 30% of its population being elderly, highlighting a significant proportion in need of support. With a diminishing number of younger caregivers available to meet the needs of a growing elderly population, there is a rising demand for innovative solutions tailored to support aging communities.
However, the high cost of assistive devices creates significant barriers for people in developing and underdeveloped countries, particularly those with low or fixed incomes. These essential tools, that greatly improve the quality of life for individuals with disabilities, often remain out of reach due to the stark economic disparities and limited financial resources.
On the contrary, the integration of artificial intelligence (AI) into disabled & elderly assistive device represents a transformative leap towards a future where these devices are not only more advanced but also more personalized and accessible than ever before. AI enables assistive devices to evolve beyond static solutions, becoming dynamic and adaptable to the specific needs of each user. Through machine learning algorithms, these devices learn from user interactions, continuously improving their functionality and responsiveness.
China Holds the Dominant Market Share in Asia-Pacific Region
China's rapid increase in patent filings is fueling innovation across various sectors, including device and healthcare. Emphasizing research and development, this strong intellectual property environment stimulates domestic innovation, attracts international investments, and establishes China as a significant global player.
According to the latest report published by World Intellectual Property Organization (WIPO), China filed the largest number of patent applications for assistive device from 1998 to 2019, totaling 36,968 filings. Specifically, they submitted 25,972 applications in mobility, 5,229 in hearing, 4,089 in vision, 2,589 in self-care, and 781 in cognition. The increasing number of patents underscores China's dedication to cultivating a knowledge-driven economy and propelling sustainable growth in pivotal industries.
Segment Overview
Asia-Pacific disabled & elderly assistive device industry is segmented based on type and end user.
• Based on type, the market is segmented mobility impairments, hearing impairments, visual impairments, cognitive impairments, and self-care.
• Based on end user, the market is classified into hospitals, elderly nursing homes, home care, and other end user.
Key Market Players
Leading players operating in Asia-Pacific disabled & elderly assistive device industry include:
• Demant A/S
• Ottobock SE & Co. KGaA
• WS Audiology A/S
• Sonova Holding AG
• GN Store Nord A/S
• Cochlear Ltd.
• Starkey Hearing Technologies
• Invacare Corporation
• MED-EL Medical Electronics
• Permobil AB
Key Benefits
• Asia-Pacific disabled & elderly assistive device market report provides a quantitative analysis of the current market and estimations through 2024-2030 that assists in identifying the prevailing market opportunities to capitalize on.
• The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
• The competitive analysis of the market players along with their market share in Asia-Pacific disabled & elderly assistive device market.
• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.
• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
- 1 Introduction
- 1.1 Report Description
- 1.2 Research Methodology
- 1.2.1 Secondary Research
- 1.2.2 Data Analysis Framework
- 1.2.3 Market Size Estimation
- 1.2.4 Forecasting
- 1.2.5 Primary Research And Data Validation
- 2 Asia-pacific Disabled And Elderly Assistive Device Market By Type
- 2.1 Overview
- 2.2 Mobility Impairments
- 2.2.1 Mobility Impairments Market, By Type
- 2.2.1.1 Wheelchairs Market, By Country
- 2.2.1.2 Walkers And Rollators Market, By Country
- 2.2.1.3 Canes And Walking Sticks Market, By Country
- 2.2.1.4 Crutches Market, By Country
- 2.2.1.5 Portable Ramps Market, By Country
- 2.2.1.6 Others Market, By Country
- 2.2.2 Mobility Impairments Market, By Country
- 2.3 Hearing Impairments
- 2.3.1 Hearing Impairments Market, By Type
- 2.3.1.1 Hearing Aids Market, By Country
- 2.3.1.2 Fm System Market, By Country
- 2.3.1.3 Deafblind Communicators For Hearing Market, By Country
- 2.3.2 Hearing Impairments Market, By Country
- 2.4 Visual Impairments
- 2.4.1 Visual Impairments Market, By Type
- 2.4.1.1 Screen Readers Market, By Country
- 2.4.1.2 Optical Magnifiers Market, By Country
- 2.4.1.3 Smart Phones For Vision Market, By Country
- 2.4.1.4 Braille Writing Equipment Market, By Country
- 2.4.1.5 Talking Devices Market, By Country
- 2.4.2 Visual Impairments Market, By Country
- 2.5 Cognitive Impairments
- 2.5.1 Cognitive Impairments Market, By Country
- 2.6 Self-care
- 2.6.1 Self-care Market, By Type
- 2.6.1.1 Shower Chairs Market, By Country
- 2.6.1.2 Grab-bars/Handrails Market, By Country
- 2.6.2 Self-care Market, By Country
- 3 Asia-pacific Disabled And Elderly Assistive Device Market By End User
- 3.1 Overview
- 3.2 Hospitals
- 3.2.1 Hospitals Market, By Country
- 3.3 Elderly Nursing Homes
- 3.3.1 Elderly Nursing Homes Market, By Country
- 3.4 Home Care
- 3.4.1 Home Care Market, By Country
- 3.5 Other End Users
- 3.5.1 Other End Users Market, By Country
- 4 Asia-pacific Disabled And Elderly Assistive Device Market, By Country
- 4.1 Overview
- 4.2 Australia
- 4.2.1 Asia-pacific Disabled And Elderly Assistive Device Market, By Type
- 4.2.2 Asia-pacific Disabled And Elderly Assistive Device Market, By End User
- 4.3 China
- 4.3.1 Asia-pacific Disabled And Elderly Assistive Device Market, By Type
- 4.3.2 Asia-pacific Disabled And Elderly Assistive Device Market, By End User
- 4.4 Japan
- 4.4.1 Asia-pacific Disabled And Elderly Assistive Device Market, By Type
- 4.4.2 Asia-pacific Disabled And Elderly Assistive Device Market, By End User
- 4.5 South Korea
- 4.5.1 Asia-pacific Disabled And Elderly Assistive Device Market, By Type
- 4.5.2 Asia-pacific Disabled And Elderly Assistive Device Market, By End User
- 4.6 Indonesia
- 4.6.1 Asia-pacific Disabled And Elderly Assistive Device Market, By Type
- 4.6.2 Asia-pacific Disabled And Elderly Assistive Device Market, By End User
- 4.7 Singapore
- 4.7.1 Asia-pacific Disabled And Elderly Assistive Device Market, By Type
- 4.7.2 Asia-pacific Disabled And Elderly Assistive Device Market, By End User
- 4.8 Taiwan
- 4.8.1 Asia-pacific Disabled And Elderly Assistive Device Market, By Type
- 4.8.2 Asia-pacific Disabled And Elderly Assistive Device Market, By End User
- 4.9 Thailand
- 4.9.1 Asia-pacific Disabled And Elderly Assistive Device Market, By Type
- 4.9.2 Asia-pacific Disabled And Elderly Assistive Device Market, By End User
- 4.10 Rest Of Asia-pacific
- 4.10.1 Asia-pacific Disabled And Elderly Assistive Device Market, By Type
- 4.10.2 Asia-pacific Disabled And Elderly Assistive Device Market, By End User
- 5 Company Profiles
- 5.1 Demant A/S
- 5.1.1 Company Overview
- 5.1.2 Company Snapshot
- 5.1.3 Operating Business Segments
- 5.1.4 Product Portfolio
- 5.1.5 Business Performance
- 5.1.6 Business Segments
- 5.1.7 Geographic Segments
- 5.1.8 Key Strategic Moves And Development
- 5.1.9 Primary Market Competitors
- 5.2 Ottobock Se And Co. Kgaa
- 5.2.1 Company Overview
- 5.2.2 Company Snapshot
- 5.2.3 Operating Business Segments
- 5.2.4 Product Portfolio
- 5.2.5 Business Performance
- 5.2.6 Business Segments
- 5.2.7 Geographic Segments
- 5.2.8 Key Strategic Moves And Development
- 5.2.9 Primary Market Competitors
- 5.3 Ws Audiology A/S
- 5.3.1 Company Overview
- 5.3.2 Company Snapshot
- 5.3.3 Operating Business Segments
- 5.3.4 Product Portfolio
- 5.3.5 Business Performance
- 5.3.6 Business Segments
- 5.3.7 Geographic Segments
- 5.3.8 Key Strategic Moves And Development
- 5.3.9 Primary Market Competitors
- 5.4 Sonova Holding Ag
- 5.4.1 Company Overview
- 5.4.2 Company Snapshot
- 5.4.3 Operating Business Segments
- 5.4.4 Product Portfolio
- 5.4.5 Business Performance
- 5.4.6 Business Segments
- 5.4.7 Geographic Segments
- 5.4.8 Key Strategic Moves And Development
- 5.4.9 Primary Market Competitors
- 5.5 Gn Store Nord A/S
- 5.5.1 Company Overview
- 5.5.2 Company Snapshot
- 5.5.3 Operating Business Segments
- 5.5.4 Product Portfolio
- 5.5.5 Business Performance
- 5.5.6 Business Segments
- 5.5.7 Geographic Segments
- 5.5.8 Key Strategic Moves And Development
- 5.5.9 Primary Market Competitors
- 5.6 Cochlear Ltd.
- 5.6.1 Company Overview
- 5.6.2 Company Snapshot
- 5.6.3 Operating Business Segments
- 5.6.4 Product Portfolio
- 5.6.5 Business Performance
- 5.6.6 Business Segments
- 5.6.7 Geographic Segments
- 5.6.8 Key Strategic Moves And Development
- 5.6.9 Primary Market Competitors
- 5.7 Starkey Hearing Technologies
- 5.7.1 Company Overview
- 5.7.2 Company Snapshot
- 5.7.3 Operating Business Segments
- 5.7.4 Product Portfolio
- 5.7.5 Business Performance
- 5.7.6 Business Segments
- 5.7.7 Geographic Segments
- 5.7.8 Key Strategic Moves And Development
- 5.7.9 Primary Market Competitors
- 5.8 Invacare Corporation
- 5.8.1 Company Overview
- 5.8.2 Company Snapshot
- 5.8.3 Operating Business Segments
- 5.8.4 Product Portfolio
- 5.8.5 Business Performance
- 5.8.6 Business Segments
- 5.8.7 Geographic Segments
- 5.8.8 Key Strategic Moves And Development
- 5.8.9 Primary Market Competitors
- 5.9 Med-el Medical Electronics
- 5.9.1 Company Overview
- 5.9.2 Company Snapshot
- 5.9.3 Operating Business Segments
- 5.9.4 Product Portfolio
- 5.9.5 Business Performance
- 5.9.6 Business Segments
- 5.9.7 Geographic Segments
- 5.9.8 Key Strategic Moves And Development
- 5.9.9 Primary Market Competitors
- 5.10 Permobil Ab
- 5.10.1 Company Overview
- 5.10.2 Company Snapshot
- 5.10.3 Operating Business Segments
- 5.10.4 Product Portfolio
- 5.10.5 Business Performance
- 5.10.6 Business Segments
- 5.10.7 Geographic Segments
- 5.10.8 Key Strategic Moves And Development
- 5.10.9 Primary Market Competitors
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