Elderly and Disabled Assistive Devices Market Is Increasing Opportunities By Leading Key Players Like Sunrise Medical LLC, GN ReSound Group, Sonova Holding AG

Assistive devices and technologies minimize individual's dependence on others and helps improve quality of life. Devices such as wheelchairs, visual aids, hearings aids, and specialized computer software and hardware system aids in enhancing hearing, vision, mobility, or communication of the elderly and disabled people. According to an article published in the Assistive Technology Blog (ATB) in September 2016, there are approximately 7.7 million new cases of dementia reported each year. The number of people suffering from dementia is expected to increase to 135.5 million by 2050. Devices such as clocks and reminders, fall detectors, activity monitors, intercom, and computer aids assist patients suffering from dementia.

The global elderly and disabled assistive devices market was valued at US$ 16,141.4 million in 2018 and is expected to expand at a CAGR of 7.7% during the forecast period (2019 - 2027).

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The "Global Elderly and Disabled Assistive Devices Market" 2019-2026 Research Report offers extended insights on requisite forecasts of the Elderly and Disabled Assistive Devices market trends and macro and micro factors. Also, this report serves to understand the measures that are operating and restraining the requirement and application in the Elderly and Disabled Assistive Devices market. However, the research explores the main highlights of the current market trends and gives a prediction for the Elderly and Disabled Assistive Devices industry future.

The competitive evaluation of the application market brings monitoring into the product usage types of the present top players. Also, the study highlights characteristic features & Elderly and Disabled Assistive Devices price, beneficial reviews on the crucial products in the worldwide market. The report offered key facts and figures on the Elderly and Disabled Assistive Devices market statistics, key competitors and is an important source of guidance and business direction and an individual's interests in the Elderly and Disabled Assistive Devices industry.

This report provides an overview of the Elderly and Disabled Assistive Devices industry, including its basic introduction, applications, and advanced manufacturing techniques. So as to get a more extreme view of the market size, the competitive landscape is served. This includes Elderly and Disabled Assistive Devices market revenue share (%) by key players (2013-2018) and revenue (in Million USD) by top leading companies (2013-2018).

Competitive Analysis:

The major companies are exceedingly focused on innovation in Elderly and Disabled Assistive Devices production technology to enhance ledge life and efficiency. The best long-term development path for Elderly and Disabled Assistive Devices market can be caught by guaranteeing financial pliancy to invest in the optimal strategies and current process improvement.

The Elderly and Disabled Assistive Devices industry company profile section of

Sunrise Medical LLC, GN ReSound Group, Sonova Holding AG, Starkey Hearing Technologies, and William Demant Holding A/S and other prominent players.
Each manufacturer or Elderly and Disabled Assistive Devices market player's growth rate, revenue figures, and gross profit margin is provided in a tabular, simple format for few years and an individual section on Elderly and Disabled Assistive Devices market recent development such as collaboration, acquisition, mergers, and any new service or new product launching in the market is offered.

Topographical Study: Europe, US, Japan, Southeast Asia, and Central & South America, China and India.

A detailed profile for more than 10 leading manufacturers is included, along with the financial history, to analyze the latest performance of the Elderly and Disabled Assistive Devices market. Latest and revised discussion of major Elderly and Disabled Assistive Devices market and influences the market is considered with a thought-provoking qualitative state on Elderly and Disabled Assistive Devices market future threats, challenges, and opportunities. This report integrates the best of statistically applicable quantitative data from the Elderly and Disabled Assistive Devices industry, along with detailed and relevant qualitative study and comment.

Elderly and disabled population are dependent, to a great extent, on other people or devices that support them in their day-to-day activities such as locomotion, proper vision and hearing, and more importantly safety while performing these activities. Assistive devices provide greater independence to elderly and disabled population in performing their tasks, which can otherwise be a tedious task. Assistive devices such as ambulatory aids, hearing aids, braille translators, and text-to-speech readers enhances accessibility and convenience for disabled people.

Market Dynamics

Increasing adoption of technologically advanced devices is expected to create an opportunity for key players to introduce highly advance devices in market. In 2017, Phonak, a brand of the Sonova Group introduced Audeo B-Direct, an advance hearing aid that directly connects to any Bluetooth enabled cell phone. This device enables real hands-free voice calling to user. The user can answer or reject a call with the help of push button on hearing aid, one can use this hearing aid as an earphone while watching Television, as it connects with TV with the help of its AirStream technology.

However, the elderly and disabled assistive devices market, is witnessing intense competition especially from regional players as they offer products at a much cheaper rate. In order to overcome this challenge, market players are projected to focus on strengthening their distribution network and promote sales through strategic collaboration with distributors, hospitals, retailers and direct-to-consumers.

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