Overview
Assistive or custom-designed technologies refers to equipment, devices, instruments, or devices, whether obtained commercially, adapted or modified, which are used to effectively maintain, enhance or improve the abilities of disabled or physically limited individuals. This definition is inclusive of devices and equipment for communication purposes with the deaf or for development, testing, maintenance, repair, modification, installation, and operation of assistive facilities or items.
The global elderly and disabled assistive devices market 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 (2019โ2027).
Global Elderly and Disabled Assistive Devices Market: Drivers ย
High prevalence of disability is expected to propel growth of the global elderly and disabled assistive devices market over the forecast period. For instance, in the U.S., the rate of disability among people of ages 18-64 years was 10.5% and for people ages above 65 rate has increased to 35.4%, according to a report published by Rehabilitation Research and Training Center on Disability Statistics and Demographics in 2016.
Recent Developments
Major players operating in the global elderly and disabled assistive devices market are focused on launching new products to expand their product portfolio. For instance, in 2016, Sunrise Medical LLC launched QM-7 SEDEO ERGO power wheelchair.
๐๐๐ญ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: (๐๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐, ๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐๐ฅ๐๐ฌ & ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ, ๐๐ก๐๐ซ๐ญ) @ https://www.coherentmarketinsights.com/insight/request-pdf/82
Covid-19 Impact Analysis:
Globally, as of 5:48pm CET, 30 November 2021, there have been 261,435,768 confirmed cases of COVID-19, including 5,207,634 deaths, reported to WHO. As of 29 November 2021, a total of 7,772,799,316 vaccine doses have been administered. The COVID-19 pandemic has highlighted the need for remote management of health. The use of assistive technology may play a major role with the sustainability of health/social care provision by promoting shared care between the care provider and service user.
Key Takeaways
Hearing aids segment dominates the global elderly and disabled assistive devices market (in terms of revenue) and is expected to reach US$ 7,083.5 million by 2017 end.
North America held dominant position in the global elderly and disabled assistive devices market in 2015.
The market for elderly and disabled assistive devices in Asia Pacific is projected to expand significantly at a CAGR of 8.9% during the forecast period (2019โ2027)
๐๐จ ๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐๐ฌ๐ญ ๐๐จ๐ฏ๐ข๐๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ @ https://www.coherentmarketinsights.com/insight/request-sample/82
Market Trends:
Asia Pacific is expected to witness significant growth in the global elderly and disabled assistive devices market, owing to increasing geriatric population in the region. For instance, according to The United Nations Economic and Social Commission for Asia and the Pacific, over a third of the population in Asia Pacific is expected to be 60 years or older by 2050.
Global Elderly and Disabled Assistive Devices Market: Competitive Landscape
Major players operating in the global elderly and disabled assistive devices market include, GN ReSound Group, Sunrise Medical LLC, Sonova Holding AG, Starkey Hearing Technologies, and William Demant Holding A/S.
Global Elderly and Disabled Assistive Devices Market: Key Developmentsย ย
Major players operating in the global elderly and disabled assistive devices market are focused on launching new products to expand their product portfolio. For instance, in 2016, Melvin ApS launched a robot called Melvin, which aids elderly and disabled people in the toilet at the RoboBusiness Europe 2016 exhibition.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐๐ง๐ ๐๐๐ญ ๐ ๐ฅ๐๐ญ ๐๐๐ ๐๐๐๐ ๐๐ ๐
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ ๐๐๐๐๐ฌ๐ฌ ๐ ๐ฎ๐ฅ๐ฅ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง @ https://www.coherentmarketinsights.com/promo/buynow/82
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
View Press Release: https://www.coherentmarketinsights.com/press-release/elderly-and-disabled-assistive-devices-market-to-surpass-us-260-billion-by-2024-9
About US:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Contact Us:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837