The Global Elderly and Disabled Assistive Devices Market is Expected to Reach Xx Usd Mn by 2024 with a Growing CAGR of  Xx% from 2018 to 2024

Elderly and disabled assistive devices are used by the ageing people or disabled people who are dependent on others for day to day activities. The assistive devices help in enhancing the reading, listening, moving, and other daily activities. Different types of assistive devices are available for different functions which makes the life independent and comfortable.

Increase in the prevalence of neurological disorders such as dementia, a rise in the number of accident cases, growing global geriatric population, technological advancements in various elderly and disabled assistive devices, and availability of the varied products are anticipated to propel the elderly and disabled assistive devices market. Furthermore, rise in funding from the government and other NGO organizations for the distribution of assistive products, and an increase in healthcare expenditure might fuel the elderly and disabled assistive devices market growth. However, a high cost of the assistive devices, product recalls, and poor acceptance of some products might hinder the growth of elderly and disabled assistive devices market.

• The global elderly and disabled assistive devices market is segmented on the basis of device type, technology, end-users and geography
• The report covers in-detail insights about the competitor’s overview, key findings and their key strategies

The global elderly and disabled assistive devices market is divided into following categories-
1. Device type
• Bathroom safety & Medical furniture devices
o Hearing aids
o Ostomy products
o Vision and reading aids
o Medical beds
o Shower chairs and commodes
o Bars and railings
o Others
• Mobility aids & Medical ambulatory devices
o Mobility scooters
o Wheelchairs
o Walkers & Rollators
o Transfer lifts
o Door openers
o Cranes and crutches
o Others
2. Technology
• Battery powered assistive device
• Electrical assistive devices
• Human-powered assistive devices
• Software-based assistive devices
• Others
3. End-users
• Hospitals
• Ambulatory surgical centers
• Homecare

Free sample of this report is available upon request @ https://www.precisionbusinessinsights.com/market-reports/global-elderly-and-disabled-assistive-devices-market/#ulp-h4n2eZVGqb32xpPc

And lastly, on the basis of the geographical regions, the global Elderly and Disabled Assistive devices market have five major regions- North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America has a significant share in elderly and disabled assistive devices market attributed to favourable reimbursement scenario, technological advancements in the devices and an increase in the geriatric population.

In Europe, high adoption of assistive devices, and an increase in the healthcare expenditure are fueling the growth of elderly and disabled assistive devices market.

However, Asia Pacific has a lucrative growth owing to increase in the geriatric population in India, China, and Japan, low cost for the products, government reimbursement policies, and an increase in the accident cases.

Some of the key players in Elderly and Disabled Assistive devices market are Sunrise Medical LLC (U.S.), Sonova Holding AG (Germany), Ai Squared (U.S.),Blue Chip Medical (U.S.), Bausch & Lomb, Inc. (U.S.), Permobil AB (Permobil International AG) (Sweden), Siemens Healthneers (Germany), Wintriss Engineering Corporation (U.S.), and Invacare Corporation (U.S.) to name a few.

Elderly and Disabled Assistive Devices market is growing at a significant CAGR owing to rise in technological advancements and innovation of novel devices which reduce strain to the patients. New product launches with novel technologies, patent filings, and product launchings are the strategies followed by the companies for increasing their revenue in elderly and disabled assistive devices market. For instance, in 2015, Advanced Bionics (Sonova Holding AG) received the FDA approval for Naida Ci Q 90 and Q30, a cochlear implant system with improved battery life and reduce the size.

Request for Customisation: https://www.precisionbusinessinsights.com/market-reports/global-elderly-and-disabled-assistive-devices-market/#ulp-4H8Z4LpNMLEuOnnx

Key Questions Answered
• What is the current and future Elderly and Disabled Assistive devices market outlook worldwide? What trends are affecting the global market?
• What is the competitive landscape and market share of major players in the EDA devices globally?
• What are the key, high growth markets that EDA devices manufacturers should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the EDA devices currently on the market? How will emerging technologies fulfil these unmet needs?
• What is physician perception and market outlook of EDA devices?
• What are the challenges and barriers that have hindered widespread adoption of Elderly and Disabled Assistive devices market?

Reasons to buy Elderly and Disabled Assistive devices market report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

For More Information: https://www.precisionbusinessinsights.com/market-reports/global-elderly-and-disabled-assistive-devices-market/

About Precision Business Insights

Precision Business Insights is one of the leading market research and business consulting firm, which follow a holistic approach to solve needs of the clients. We adopt and implement proven research methodologies to achieve better results. We help our clients by providing actionable insights and strategies to make better decisions. We provide consulting, syndicated and customised market research services based on our client needs.

Contact to Precision Business Insights,
Kemp House,
152 – 160 City Road,
London EC1V 2NX

Email: sales@precisionbusinessinsights.com
Toll Free (US):+1-866-598-1553

Kemp House, 152 – 160 City Road, London EC1V 2NX

This release was published on openPR.