Norway Disabled & Elderly Assistive Device Market Analysis|2023-2030
Meta Des: Norway Disabled & Elderly Assistive Device Market valued USD 749.6 million in 2023, and projected to reach USD 1709.4 million by 2030, at a CAGR of 11.4%
Norway Disabled & Elderly Assistive Device Market
Domain – Life Sciences & Healthcare
Sub Domain – Medical Devices
The Norway Disabled & Elderly Assistive Device Market size was valued at USD 749.6 million in 2023, and is predicted to reach USD 1709.4 million by 2030, at a CAGR of 11.4% from 2024 to 2030.
The escalating disability rate in Norway is a major catalyst for the rising demand in the assistive device market. As the number of individuals affected by aging, chronic illnesses, and accidents increases, there is a growing requirement for devices that facilitate independent living and improve overall quality of life.
According to the Eurostat report 2024, the disability rate of Norway stood at 20.9% among the overall population. This emphasizes the importance of innovative solutions such as mobility aids, sensory enhancements, and advanced medical devices, which are pivotal in addressing the diverse needs of people with disabilities in Norway. Efforts by the government and healthcare sector to enhance accessibility and affordability of these assistive devices aim to ensure broader adoption and utilization across the population.
However, the market for assistive devices for the disabled and elderly faces significant regulatory challenges that restrain growth and innovation. Regulatory bodies such as the Ministry of Health and Care Services (HOD), and other national agencies impose stringent approval processes, requiring assistive products, especially medical devices, to undergo extensive testing and certification before entering the market.
On the contrary, the integration of artificial intelligence (AI) into assistive devices in Norway 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.
Segment Overview
Norway 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 Norway disabled & elderly assistive device industry include:
• Stryker Corporation
• Invacare Corporation
• Starkey Hearing Technologies
• Baxter
• Thuasne
• Sonova
• MEYRA GmbH
• Ottobock
• Dynamic Controls
• Permobil AB
Key Benefits
• Norway 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 Norway 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 Norway Disabled And Elderly Assistive Device Market By Type
- 2.1 Overview
- 2.2 Mobility Impairments Market
- 2.2.1 Wheelchairs
- 2.2.2 Walkers And Rollators
- 2.2.3 Canes And Walking Sticks
- 2.2.4 Crutches
- 2.2.5 Portable Ramps
- 2.2.6 Others
- 2.3 Hearing Impairments Market
- 2.3.1 Hearing Aids
- 2.3.2 Fm System
- 2.3.3 Deafblind Communicators For Hearing
- 2.4 Visual Impairments Market
- 2.4.1 Screen Readers
- 2.4.2 Optical Magnifiers
- 2.4.3 Smart Phones For Vision
- 2.4.4 Braille Writing Equipment
- 2.4.5 Talking Devices
- 2.5 Cognitive Impairments Market
- 2.6 Self-care Market
- 2.6.1 Shower Chairs
- 2.6.2 Grab-bars/Handrails
- 3 Norway Disabled And Elderly Assistive Device Market By End User
- 3.1 Overview
- 3.2 Hospitals Market
- 3.3 Elderly Nursing Homes Market
- 3.4 Home Care Market
- 3.5 Other End Users Market
- 4 Company Profiles
- 4.1 Stryker Corporation
- 4.1.1 Company Overview
- 4.1.2 Company Snapshot
- 4.1.3 Operating Business Segments
- 4.1.4 Product Portfolio
- 4.1.5 Business Performance
- 4.1.6 Business Segments
- 4.1.7 Geographic Segments
- 4.1.8 Key Strategic Moves And Development
- 4.1.9 Primary Market Competitors
- 4.2 Invacare Corporation
- 4.2.1 Company Overview
- 4.2.2 Company Snapshot
- 4.2.3 Operating Business Segments
- 4.2.4 Product Portfolio
- 4.2.5 Business Performance
- 4.2.6 Business Segments
- 4.2.7 Geographic Segments
- 4.2.8 Key Strategic Moves And Development
- 4.2.9 Primary Market Competitors
- 4.3 Starkey Hearing Technologies
- 4.3.1 Company Overview
- 4.3.2 Company Snapshot
- 4.3.3 Operating Business Segments
- 4.3.4 Product Portfolio
- 4.3.5 Business Performance
- 4.3.6 Business Segments
- 4.3.7 Geographic Segments
- 4.3.8 Key Strategic Moves And Development
- 4.3.9 Primary Market Competitors
- 4.4 Baxter
- 4.4.1 Company Overview
- 4.4.2 Company Snapshot
- 4.4.3 Operating Business Segments
- 4.4.4 Product Portfolio
- 4.4.5 Business Performance
- 4.4.6 Business Segments
- 4.4.7 Geographic Segments
- 4.4.8 Key Strategic Moves And Development
- 4.4.9 Primary Market Competitors
- 4.5 Thuasne
- 4.5.1 Company Overview
- 4.5.2 Company Snapshot
- 4.5.3 Operating Business Segments
- 4.5.4 Product Portfolio
- 4.5.5 Business Performance
- 4.5.6 Business Segments
- 4.5.7 Geographic Segments
- 4.5.8 Key Strategic Moves And Development
- 4.5.9 Primary Market Competitors
- 4.6 Sonova
- 4.6.1 Company Overview
- 4.6.2 Company Snapshot
- 4.6.3 Operating Business Segments
- 4.6.4 Product Portfolio
- 4.6.5 Business Performance
- 4.6.6 Business Segments
- 4.6.7 Geographic Segments
- 4.6.8 Key Strategic Moves And Development
- 4.6.9 Primary Market Competitors
- 4.7 Meyra Gmbh
- 4.7.1 Company Overview
- 4.7.2 Company Snapshot
- 4.7.3 Operating Business Segments
- 4.7.4 Product Portfolio
- 4.7.5 Business Performance
- 4.7.6 Business Segments
- 4.7.7 Geographic Segments
- 4.7.8 Key Strategic Moves And Development
- 4.7.9 Primary Market Competitors
- 4.8 Ottobock
- 4.8.1 Company Overview
- 4.8.2 Company Snapshot
- 4.8.3 Operating Business Segments
- 4.8.4 Product Portfolio
- 4.8.5 Business Performance
- 4.8.6 Business Segments
- 4.8.7 Geographic Segments
- 4.8.8 Key Strategic Moves And Development
- 4.8.9 Primary Market Competitors
- 4.9 Dynamic Controls
- 4.9.1 Company Overview
- 4.9.2 Company Snapshot
- 4.9.3 Operating Business Segments
- 4.9.4 Product Portfolio
- 4.9.5 Business Performance
- 4.9.6 Business Segments
- 4.9.7 Geographic Segments
- 4.9.8 Key Strategic Moves And Development
- 4.9.9 Primary Market Competitors
- 4.10 Permobil Ab
- 4.10.1 Company Overview
- 4.10.2 Company Snapshot
- 4.10.3 Operating Business Segments
- 4.10.4 Product Portfolio
- 4.10.5 Business Performance
- 4.10.6 Business Segments
- 4.10.7 Geographic Segments
- 4.10.8 Key Strategic Moves And Development
- 4.10.9 Primary Market Competitors
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