Press release
Global Elderly And Disabled Assistive Devices Market To Be Driven By The Growing Geriatric Population And People With Disabilities In The Forecast Period Of 2023-2028
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2020): USD 24.15 Billion
• Forecast CAGR (2023-2028): 7.0%
• Forecast Market Size (2026): USD 36.2 Billion
Globally, with increasing number of geriatric population and people with non-communicable disease, disabilities, mental health conditions, among others are driving the assistive technology market. According to the estimations of United Nations, there were over 703 million people aged 65 years and above in 2019 and is projected to rise to 1.5 billion by 2050, creating an optimistic market for assistive devices in the forecast period.
Get a Free Sample Report with Table of Contents - https://www.expertmarketresearch.com/reports/elderly-and-disabled-assistive-devices-market/requestsample
As people age, including those with disabilities, their functional abilities decline in more than one area and the importance and need for assistive products rises accordingly. Additionally, these devices provide independence, protection, and resilience for them during a humanitarian crisis.
Industry Definition and Major Segments
Elderly and disabled assistive devices are products and technologies that are used by or for elderly people or persons with disability. These include instrument, equipment or technology especially designed to support them in bodily functions and prevent activity limitations. Examples of such devices include wheelchairs, prostheses, visual aids, hearing aids, among others.
Read Full Report with Table of Contents - https://www.expertmarketresearch.com/reports/elderly-and-disabled-assistive-devices-market
On the basis of type, the market is segmented into:
• Living Aids
o Hearing Aids
o Reading and Vision Aids
• Mobility Aids Devices
o Wheelchairs
o Mobility Scooters
• Medical furniture
o Medical Beds
o Door Openers
o Riser Reclining Chairs
o Others
• Bathroom Safety Equipment
o Shower Chairs
o Commode Chairs
o Ostomy Equipment
o Bars, Grips, and Rails
The market id distinguished into the following, based on end use:
• Hospital
• Home Care Setting
• Others
The major regional markets include:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Market Trends
The positive changes in the policy landscape by the governments is invigorating the elderly and disabled assistive devices market. According to WHO, the number of people requiring assistive products is anticipated to increase to more than 2 billion by 2050. Therefore, governments and international agencies have started recognizing the importance of these devices. In 2016, WHO introduced the 'Priority Assistive Products List' to increase the attention on assistive technologies and in the same year its 'Regional Committee for the Eastern Mediterranean' adopted a resolution on improving access to assistive technology.
In 2018, during a Global Disability Summit held by UK Department for International Development (DFID), a range of stakeholders, including delegates from governments and Disabled Peoples Organisations (DPOs) made positive commitments for the provision of assistive devices. Additionally, the increasing investments in R&D activities, by producers, is also stimulating the market growth.
Key Market Players
The major players in the market are Freedom Scientific, Inc., Medical Depot, Inc., GN Store Nord A/S, Invacare Corporation, Nordic Capital Limited, Pride Mobility Products Corporation, Siemens AG, Sonova Holding AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Periodic Fever Syndrome Market- https://www.marketwatch.com/press-release/periodic-fever-syndrome-market-share-size-price-trends-growth-report-forecast-2023-2028-2023-03-27?mod=search_headline
Elderflower Tea Market- https://www.marketwatch.com/press-release/elderflower-tea-market-price-size-share-trends-analysis-report-forecast-2023-2028-2023-03-27?mod=search_headline
Chatbot Market- https://www.marketwatch.com/press-release/chatbot-market-size-share-price-growth-analysis-report-forecast-2023-2028-2023-03-27?mod=search_headline
Ethernet Adapter Market- https://www.marketwatch.com/press-release/ethernet-adapter-market-share-size-trends-growth-report-forecast-2023-2028-2023-03-27?mod=search_headline
Speech Analytics Market- https://www.marketwatch.com/press-release/speech-analytics-market-analysis-size-share-price-trends-growth-report-forecast-2023-2028-2023-03-27?mod=search_headline
Rice Protein Market- https://www.marketwatch.com/press-release/rice-protein-market-size-share-price-trends-growth-report-forecast-2023-2028-2023-03-24?mod=search_headline
Electric Vehicle Charger Market- https://www.marketwatch.com/press-release/electric-vehicle-charger-market-growth-size-share-price-trends-report-forecast-2023-2028-2023-03-24?mod=search_headline
Digital Lending Market- https://www.marketwatch.com/press-release/digital-lending-market-size-share-price-trends-growth-report-forecast-2023-2028-2023-03-24?mod=search_headline
Smart Transportation Market- https://www.marketwatch.com/press-release/smart-transportation-market-trends-size-share-price-growth-analysis-report-forecast-2023-2028-2023-03-24?mod=search_headline
Disposable Syringes Market- https://www.marketwatch.com/press-release/disposable-syringes-market-share-size-price-trends-growth-report-forecast-2023-2028-2023-03-23?mod=search_headline
Media Contact
Company Name: Claight Corporation
Contact Person: Ana John, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Elderly And Disabled Assistive Devices Market To Be Driven By The Growing Geriatric Population And People With Disabilities In The Forecast Period Of 2023-2028 here
News-ID: 2991667 • Views: …
More Releases from Expert Market Research
IT Spending Market Outlook 2026-2035: Growth Drivers and Future Trends
The global IT spending market continues to expand steadily as enterprises across industries accelerate digital transformation, cloud migration, and artificial intelligence adoption. In 2025, the IT spending market attained a total value of USD 4.02 Trillion, reflecting strong global demand for software, IT services, cloud infrastructure, and communications technologies. The industry is expected to grow at a compound annual growth rate (CAGR) of 3.50% during the forecast period of 2026-2035,…
United States School Bus Market Size, Share & Forecast 2026-2035
The United States school bus market is a crucial component of the country's transportation infrastructure, ensuring the safe and reliable transport of millions of students each day. With a history of being a significant mode of student transportation, school buses are now evolving with advancements in technology, safety, and environmental standards. As the demand for greener solutions and enhanced safety features grows, the U.S. school bus market is expanding to…
Cosmetics Market Outlook 2026-2035: Growth, Trends, Segmentation, and Regional A …
The global cosmetics market continues to demonstrate robust growth, driven by evolving consumer preferences, rising awareness of health and wellness, and rapid advancements in digital commerce. In 2025, the cosmetics market attained a value of USD 361.23 Billion, reflecting strong demand across both developed and emerging economies. Looking ahead, the market is projected to grow at a compound annual growth rate (CAGR) of 5.20% from 2026 to 2035, reaching an…
Global Steel Market Outlook: Growth Projections for 2026-2035
The global steel market continues to play a crucial role in the world's industrial landscape, driven by increasing demand in various sectors such as construction, automotive, and infrastructure. As the global economy recovers and modernizes, the steel market is expected to see steady growth in the coming decade. This blog explores the key trends, drivers, and projections for the steel market from 2026 to 2035.
Market Overview
In 2025, the global steel…
More Releases for Elderly
AI in Aging and Elderly Care Market Drivers Include Increasing Elderly Populatio …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI in Aging and Elderly Care Market- (By Type (Natural Language Processing Systems, Robotics and Robotic Assistance, Smart Home Devices and IoT Solutions, Machine Learning and Predictive Analytics, Virtual Health Assistants) By Application; By End-User, By Technology, By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2034."
According to the latest research by InsightAce Analytic,…
Impact Of Growing Elderly Population On Advancements In Aging And Elderly Care: …
Our market reports now include the latest updates on global tariffs, trade impacts, and evolving supply chain dynamics.
What Is the Projected Growth of the Artificial Intelligence (AI) In Aging And Elderly Care Market?
The market for AI in the field of elderly and aging care has seen a phenomenal rise in recent years. It is predicted to expand from a size of $35.22 billion in 2024 to $43.76 billion in 2025,…
Impact Of Growing Elderly Population On Advancements In Aging And Elderly Care D …
What industry-specific factors are fueling the growth of the artificial intelligence (ai) in aging and elderly care market?
The escalating number of elderly individuals is projected to fuel advancements in the artificial intelligence (AI) sector of aging and elderly care. This demographic, made up of people aged 60 or 65 years and above, requires particular attention and services due to health and lifestyle issues brought about by aging. The expansion in…
Transforming the Artificial Intelligence (AI) In Aging And Elderly Care Market i …
What Is the Expected Size and Growth Rate of the Artificial Intelligence (AI) In Aging And Elderly Care Market?
The market size of AI in the field of aging and elderly care has rapidly expanded in the past few years. The growth is projected to escalate from $35.22 billion in 2024 to $43.76 billion in 2025, reflecting a compound annual growth rate (CAGR) of 24.25%. Several factors have contributed to this…
Establishment of "World Elderly Companionship Day": Calls for greater public att …
Prevalence of elderly living alone under "waves of immigration" - One-third of people spend "0 hours" per week accompanying the elderly The public overlooks the mental health needs of the elderly
August 21, 2024 - Hong Kong - In recent years, as global population aging has continued to intensify, the physical and mental health of the elderly has deteriorated, leading to a continuous increase in the suicide mortality rate due to…
Global Elderly and Disabled Assistive Devices Market Driven by Increasing Elderl …
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.…
