Elderly and Disabled Assistive Devices Market Demand, Competitive Landscape and Clinical Outlook 2021 to 2030
The Global Elderly and Disabled Assistive Devices Market size is estimated to be USD 28.21 billion in 2019 and is predicted to reach USD 65.11 billion by 2030 with a CAGR of 7.9% from 2020-2030.
Elderly and Disabled Assistive Devices includes the variety of devices with advanced technology and provide enhanced mobility to the geriatric and disabled patient. It consists of various devices which are used in day today activities such as walking, hearing and others and also helps in the improvement of quality of life. These devices can be independently used by the geriatric and disabled and make them self-dependent for daily chores.
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Top Companies: GN Resound Group, Freedom Scientific, Inc., Drive Medical Design And Manufacturing, Blue Chip Medical Products, Inc., Ai Squared, Bausch and Lomb, Inc., Sonova Holding AG, Permobil AB, Wintriss Engineering Corporation and others.
The global elderly and disabled assistive devices market share is analyzed on the basis of product, end user and geography. On the basis of product, the market is segmented into Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, and Communication Aids. The Mobility Assistance Aids are sub segmented into Wheelchairs, Mobility Scooters, Crutches & Canes, Patient Mechanical Lift Handling, Walkers & Rollators, and Others. The Assistive Furniture segment is further divided into Medical Beds, Riser Reclining Chairs, Railings & Bar, Door Openers, Others. The Bathroom Safety & Assistive Products segment is further sub segmented into Commodes Chairs, Shower Chairs, Ostomy Products, and Others. The communication aids segment is further sub segmented into Speech & Writing Therapy Devices, Hearing Aids, and Vision & Reading Aids. On the basis of end user, the market is divided into Hospitals, Elderly Nursing Homes, Homecare, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
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North America is expected to hold the major market share over the forecast period due to the increased adoption of elderly and assistive devices over the forecast period. The other factors such as increase in geriatric population, coupled with technological advancement, and increase in trauma cases are expected to fuel the growth of elderly and disabled assistive devices market. Asia Pacific is expected to develop significantly over the forecast period with substantial growth in market share attribute by various factors such as changing lifestyle, developing healthcare facilities, increase in research and development activities are further expected to augment the growth of elderly and disabled assistive devices market in the near future.
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