Gerontechnology Market: Industry Expected to Experience a Positive Growth till 2031 | Invacare Corporation, Karman Healthcare Inc., Ottobock, Pride Mobility Products Corp.

The Gerontechnology Market is anticipated to reach USD$ 435.3 billion by 2031 from USD$ 140.5 billion in 2022, at a CAGR of 15.7% during the forecast period.

DataM Intelligence has published a new research report on "Gerontechnology Market Size 2024". The report explores comprehensive and insightful Information about various key factors like Segmentation, CAGR, business revenue competitive positioning of key companies, investigating elements such as product offerings, pricing strategies, financial performance, product portfolios, growth initiatives, and geographical reach. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

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The gerontechnology market focuses on the intersection of technology and aging, aiming to develop innovative solutions that enhance the quality of life for older adults. This market encompasses a range of products and services, including assistive technologies, smart home devices, telehealth services, and wearable health monitors, designed to support the physical, mental, and social well-being of the elderly. By leveraging advancements in technology, gerontechnology seeks to address the unique challenges faced by the aging population, promoting independence, safety, and improved health outcomes.

Key Developments:

In March 2024, the Singapore University of Social Sciences partnered with the social enterprise SG Assist to establish Singapore's first community-based "gerontechnology" lab, aimed at enhancing the adoption and collaboration of innovative solutions for the aging population.

In August 2024, Hong Kong-based health tech startup Libpet introduced smart robot wheelchairs designed for everyone, not just those with physical challenges. This innovative device promotes mobility and productivity while minimizing physical effort, significantly easing daily life.

In November 2023, DuPont announced a collaboration between DuPont™ Liveo™ Healthcare Solutions and STMicroelectronics, a global leader in semiconductor technology, to create a new concept for a smart wearable device focused on remote biosignal monitoring.

Research Process:

Both primary and secondary data sources have been used in the global Gerontechnology Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

List of the Key Players in the Gerontechnology Market:

Invacare Corporation, Karman Healthcare Inc., Ottobock, Pride Mobility Products Corp., Medtronic, Sunrise Medical, Meyra GmbH, Koninklijke Philips N.V., Sensi.AI, and Labrador Systems Inc.

Segment Covered in the Gerontechnology Market:

By Product Type: Health Monitoring Devices, Assistive Devices, Smart In-Home Technology Based Products, Others

By Age Group: 60 - 70 Yrs, 71 - 80 Yrs, Above 80 Yrs

By End-User: Hospitals, Old Age Homes, Homecare, Others

Regional Analysis:

The global Gerontechnology Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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Regional Analysis:

The global Gerontechnology Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Gerontechnology Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Gerontechnology manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Gerontechnology in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

Q1) How Big is the Gerontechnology Market?

A) Global Gerontechnology Market reached US$ 140.5 billion in 2023 and is expected to reach US$ 435.3 billion by 2031

Q2) Who are the key players of Gerontechnology Market?

A) Key players are Invacare Corporation, Karman Healthcare Inc., Ottobock, Pride Mobility Products Corp., Medtronic, Sunrise Medical, Meyra GmbH, Koninklijke Philips N.V., Sensi.AI, and Labrador Systems Inc.

Q3) What are the regions covered in this report?

A) The global Gerontechnology Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa

4) What are the Segments Coverd in this report?

A) The Gerontechnology market is segmented as Product, Age Group and End-User

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