Elderly and Disabled Assistive Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Elderly and Disabled Assistive Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023

Elderly and Disabled Assistive Devices Market is Set to Expand at Robust CAGR, Due to Enhanced Accessibility to Disabled & Geriatric Patients.

“The Elderly and Disabled Assistive Devices Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to increased technology which aids the aged population to listen, read, move, and conduct other day-to-day activities.

Precision Business Insights (PBI) in its report titled “Elderly and Disabled Assistive Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The elderly and disabled assistive devices market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increased geriatric patients and disabled people will create demand for elderly and disabled assistive devices market. The disabled & elderly assistive technologies comprise several devices that aims to provide improved quality of life and enhanced accessibility to disabled & geriatric patients.

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Elderly and disabled assistive devices market segmented on the basis of product, end-user and region.

Hearing Aids Projected to Dominate the Revenue Share.

Based on product type, elderly and disabled assistive device market is segmented into mobility assistance aids, assistive furniture, bathroom safety and assistive aid and communication aids. Hearing aids accounted for the major share in the market of elderly and disabled assistive devices in 2017. This is due to the large population suffering from hearing impairments and mobility problems. According to World Health Organization (WHO), around 5% of total world population suffers from hearing loss annually. In addition, U.S. National Institute of Deafness and Other Communication Disorders (NIDCD) stated that the risk of hearing loss in elderly population increases with age.
North America, Accounts for Major Revenue Share for Elderly and Disabled Assistive Devices Market

Precision Business Insights (PBI), elderly and disabled assistive devices market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share due to the high disposable income and beneficial reimbursement scenario. The Asia-Pacific region witnesses the highest CAGR due to the rising support of the governments and increasing incidences of geriatric population.

Strategies such as Acquisitions and Mergers Play Vital Role in Elderly and Disabled Assistive Devices Market

The companies adopt various business strategies such as acquisitions and mergers to expand their geographic presence as well as product portfolios. For instance, in 2011, Invacare Corporation acquired U.S. based Dynamic Medical Systems to establish a strong presence in western U.S.
The key players included in the market are Sunrise Medical LLC, Sonova Holding AG, Ai Squared, Blue Chip Medical Products, Inc., Bausch & Lomb, Inc., GN Resound Group, Permobil AB, Wintriss Engineering Corporation, Siemens Healthcare, Invacare Corporation and others.
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https://www.precisionbusinessinsights.com/market-reports/global-elderly-and-disabled-assistive-devices-market/#ulp-c654SbFYO64MsOhu

Detailed Segmentation

By Product Type

o Mobility Assistance Aids
 Wheelchairs
 Mobility Scooters
 Crutches & Canes
 Patient Mechanical Lift Handling
 Walkers & Rollators
 Others
o Assistive Furniture
 Medical Beds
 Riser Reclining Chairs
 Railings & Bar
 Door Openers
 Others
o Bathroom Safety & Assistive Products
 Commodes Chairs
 Shower Chairs
 Ostomy Products
 Others
o Communication Aids
 Speech & Writing Therapy Devices
 Hearing Aids
 Vision & Reading Aids

By End-User Type

o Hospitals
o Elderly Nursing Homes
o Homecare
o Others

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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