SEATTLE, March 22, 2021, (MEDGADGET) —
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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, and Vision and Reading Aids), and by End User (Hospital, Home Care Settings, and Others) was valued at US$ 16,141.4 million in 2018 and is projected to expand at a CAGR of 7.7% during the forecast period (2019–2027). Various government and private organizations working on providing elderly and disabled assistive devices. For instance, Mexico Mobility offers elderly and disabled assistive devices on a rental basis to customers in Mexico. Moreover, government organizations such as National Health Service (NHS) in the U.K. offer support and financial services to elderly and disabled individuals for household equipment, aids, and adaptations. Such initiatives are expected to propel the growth of the market.
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Chances of disability are likely to increase with age. Therefore, demand for disabled assistive devices is expected to be driven with an increase in aging population. For instance, according to a report published by the Rehabilitation Research and Training Center on Disability Statistics and Demographics in 2016, rates of disability increase with age. In U.S. the rate of disability among people in the age group of 18-64 years was 10.5% and increased to 35.4% in individuals over the age of 65. Furthermore, according to the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) 2016, around 547 million people were older than 60 in Asia Pacific and the number is projected to reach around 1.3 billion by 2050. Key players in the market are focused on launching a number of advanced novel devices which is expected to drive growth of the elderly and assistive devices market in the near future. For instance, in 2016, Sunrise Medical LLC launched the QM-7 SEDEO ERGO power wheelchair. An advanced power wheelchair offers function and luxury for a unique driving experience. Melvin ApS launched a robot called Melvin, which provides assistance to disabled people in using the toilet. The robot was launched at the RoboBusiness Europe 2016 exhibition. Similarly, Vital Connect, Inc.is developing wearable health sensors that can detect body temperature, heart rate, detect falls and others. Such technological developments aimed at increasing individual independence and convenience are projected to drive growth of the elderly and disabled assistive devices market in the near future.
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Key takeaways of the market:
- The global elderly and disabled assistive devices market is expected to expand at a CAGR of 7.7% during the forecast period. Increasing demand for elderly and disabled assist devices is mainly attributed to the factors such as convenience provided by automotive assistive devices to the growing elderly and disabled population.
- Demand for vision and reading aids is expected to increase rapidly over the forecast period, owing to growing incidence of vision impairment among the geriatric populace
- Among device types, the hearing aids segment is expected to emerge as the dominant segment in the global elderly and disabled assistive devices market (in terms of revenue). Increasing market penetration, growing average discretionary income, and improved access to hearing aids is driving the growth of this segment. Furthermore, the increasing geriatric population is expected to drive demand for hearing aids over the following decade.
- North America dominated the global elderly and disabled assistive devices market in 2015. Moreover, the market in Asia Pacific is projected to expand significantly at a CAGR of 8.9% during the forecast period (2019–2027).
- Key players operating in the market are Sunrise Medical LLC, GN ReSound Group, Sonova Holding AG, Starkey Hearing Technologies, and William Demant Holding A/S.
Browse 32 Market Data Tables and 18 Figures spread through 160 Pages and in-depth TOC on “Elderly and Disabled Assistive Devices Market, by Device Type (Medical Mobility Aids and Ambulatory Devices, Medical Furniture and Bathroom Safety Products, Hearing Aids, and Vision and Reading Aids), and by End User (Hospital, Home Care Settings, and Others) – Global Forecast to 2027”
To know the latest trends and insights prevalent in the elderly and disabled assistive devices market press release, click the link below: https://www.coherentmarketinsights.com/press-release/elderly-and-disabled-assistive-devices-market-to-surpass-us-260-billion-by-2024-9
Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Device Type
- Market Snippet By End-User
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Epidemiology/Prevalence/Incidence
- Merger and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
- Drivers
- Cost Tier Down Analysis
- Market Dynamics
- Global Elderly and Disabled Assistive Devices Market, By Device Type, 2016 – 2027 (USD Million)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-O-Y Growth Analysis, 2016 – 2027
- Segment Trends
- Medical Mobility Aids and Ambulatory Devices
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 – 2027, (USD Million)
- Medical Furniture and Bathroom Safety Products
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 – 2027, (USD Million)
- Hearing Aids
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 – 2027, (USD Million)
- Vision and Reading Aids
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 – 2027, (USD Million)
- Introduction
- Global Elderly and Disabled Assistive Devices Market, By End User, 2016 – 2027 (USD Million)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-O-Y Growth Analysis, 2016 – 2027
- Segment Trends
- Hospital
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-O-Y Growth Analysis, 2016 – 2027
- Home Care Settings
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 – 2027, (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-O-Y Growth, 2016 – 2027, (USD Million)
- Introduction
- Global Elderly and Disabled Assistive Devices Market, By Regions, 2016 – 2027 (USD Million & ‘Thousand Units)
- Introduction
- Market Share Analysis, By Region, 2019 and 2027 (%)
- Y-O-Y Growth Analysis, For Regions, 2016 – 2027
- North America
- Market Share Analysis, By Country, 2019 and 2027 (%)
- Y-O-Y Growth Analysis, By Country, 2016 – 2027
- U.S.
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Canada
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- U.S.
- Europe
- Market Share Analysis, By Country, 2019 and 2027 (%)
- Y-O-Y Growth Analysis, By Country, 2016 – 2027
- U.K.
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Germany
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Italy
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- France
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Russia
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Spain
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- U.K.
- Asia Pacific
- Market Share Analysis, By Country, 2019 and 2027 (%)
- Y-O-Y Growth Analysis, By Country, 2016 – 2027
- China
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- India
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Japan
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- ASEAN
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Australia
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- South Korea
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- China
- Latin America
- Market Share Analysis, By Country, 2019 and 2027 (%)
- Y-O-Y Growth Analysis, By Country, 2016 – 2027
- Brazil
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Mexico
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Rest of LATAM
- Country Trends
- Market Size and Forecast, By Product, 2016 – 2027 (Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Brazil
- Africa
- Market Share Analysis, By Country, 2019 and 2027 (%)
- Y-O-Y Growth Analysis, By Country, 2016 – 2027
- North Africa
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Central Africa
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- South Africa
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- North Africa
- Middle East
- Market Share Analysis, By Country, 2019 and 2027 (%)
- Y-O-Y Growth Analysis, By Country, 2016 – 2027
- GCC Countries
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Israel
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Device Type, 2016 – 2027 (USD Million)
- Market Size and Forecast, By End-User, 2016 – 2027 (USD Million)
- GCC Countries
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Company Profiles
- Future Plans Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
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