openPR Logo
Press release

Global Elderly and Disabled Assistive Devices Market Analysis – 2024

01-30-2017 04:24 PM CET | Health & Medicine

Press release from: CMI - Research Reports

Global Elderly and Disabled Assistive Devices Market Analysis

Elderly and Disabled Assistive Devices – Evolving from Luxury to Necessity

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.

For Any Queries Get Solutions With A FREE PDF Sample : https://www.coherentmarketinsights.com/insight/request-sample/82

The global elderly and disabled assistive devices market was valued at US$ 14,109.1 million in 2015 and is expected to expand at a CAGR of 7.4% during the forecast period (2016 – 2024).

Increasing aging population supporting growth of the elderly and disabled assistive devices market

Geriatric population people aged 65 years and above, is expected to increase from 8.5% of the global population in 2015 to 12% in 2030, as per the report ‘An Aging World: 2015’ by the U.S. Census Bureau. Asia and Latin America are the primary regions which are expected to experience rapidly aging population. The elderly and disabled assistive devices market is analyzed to have large market potential especially in Asia and Latin America.

Initiatives of government and independent agencies favorably shaping the elderly and disabled assistive devices market scenario

Only 5%–15% of the population in low and middle-income countries, who are in need of elderly and disabled assistive devices, have access to them, as per stats released by the World Health Organization (WHO). Therefore, WHO along with its collaborating centers is working towards improving accessibility of elderly and disabled assistive devices to better cater to the patient population. Few of this initiatives include:

Organizing regional and country workshops, meetings, and seminars
Creating a database on availability of appropriate assistive devices and technologies
Developing normative guidelines
Providing assistance for development of national policies and programs on assistive devices and technologies with a focus on human resource development
Furthermore, on the basis of discussion in the 66th World Health Assembly, held in 2013, WHO prepared a comprehensive global disability action plan for 2014 – 2021. Under this plan, WHO intends to improve access to health services and programs, extend rehabilitation, habilitation, assistive technology, assistance and support services, and support research on disability and related services. Such global initiatives are indirectly promoting adoption of assistive devices and are encouraging manufacturers to develop innovative elderly and disabled assistive devices.

Regional players are intensifying the competition in the global elderly and disabled assistive devices market

The global elderly and disabled assistive devices market is extensively competitive attributed mainly to the entry of regional players offering low-cost products. This is influencing leading players such as Sonova Holding AG to increase their global presence through organic and inorganic strategies. Sonova Holding AG acquired AudioNova in September 2016, a Netherlands-based hearing aid manufacturer. This acquisition helped Sonova to strengthen its presence in Europe, by doubling the existing number of retails stores. Sonova Holding AG is implementing a vertically integrated business model by offering customized solutions to individual customers by expanding the number of retail stores. Similarly, other market leaders are anticipated to cement their distribution channels to capitalize on the global elderly and disabled assistive devices market potential.

ABOUT US
COMPANY OVERVIEW
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. Our global team of over 100 research analysts and freelance consultants provide market intelligence from the very molecular country level and also provide a global perspective of the market. Our team is of the most vital cog in our robust machinery that gives us the ability to deliver independent insight relying on our cognitive defusion training module.This allows for an objective and unbiased assessment of the market. We pride ourselves in my constantly striving to update our extremely in-depth understanding of the market by closely monitoring and analyzing markets, trends, and emerging best practices, across allfathomable industries under the sun. This enables us to equip our valued clientele with key decisive inputs to capitalize on lucrative growth opportunities in the market and to follow firmly position themselves on a high growth path in the future.

CONTACT US
CORPORATE OFFICE:

Raj Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Website: https://www.coherentmarketinsights.com/
Visit Blog : https://blog.coherentmarketinsights.com/

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 Analysis – 2024 here

News-ID: 423441 • Views: 343

More Releases from CMI - Research Reports

PoC Platform & Technology Market Research Study for the Period (2017 - 2025)
Point of care (PoC) diagnostic devices are used to obtain diagnostic results while being close to the patient and are commonly used in doctor’s office, hospitals, and in home care settings. These devices are commonly preferred in the home care settings, as they do not require technical expertise and deliver instant feedback on various medical tests. The vast applications of POC platform and technology devices include diagnosis of chronic diseases,
Low Temperature Sterilization Equipment - Market Driver, Outlook, Key Players by …
Low Temperature Sterilization Equipment Market – Advancing Sterilization Solutions Low temperature sterilization is an effective means to exercise heat and moisture sensitive surgical instrumentation, general equipment, and implant. Low temperature sterilization is used to sterilize unique devices with complex designs or those made of heat and moisture sensitive materials. This type of equipment usually include polymers on cameras, fiber optics, flexible scopes, certain plastics or recyclable invasive medical instruments made of
Low Temperature Sterilization Equipment - Market Driver, Outlook, Key Players by …
Low temperature sterilization is one of the most commonly used technique for disinfection and sterilization of equipment that are incapable to withstand high pressures and temperature in conventional sterilization techniques such as autoclave and hot air sterilization. Thus, this technique is considered to ideal for devices such as fiber optics, flexible scopes, laryngoscopes, polymers on camera, and others. The commonly used low temperature Technology type is carried out with the
Life Cell Imaging - Market Driver, Outlook, Key Players by 2025
The global life cell imaging industry has observed a notable growth over the last few decades due to significant increase in the demand for life cell imaging techniques for the study of cancer, neuroscience and drug discovery. Cellular imaging involves use of techniques that enable the detection and analysis of cellular organelles and macromolecules through light- or electron-based microscopes. Cell imaging is rapidly evolving as new technologies are being introduced

All 5 Releases


More Releases for Assistive

Socially Assistive Healthcare Assistive Robot Market 2020: Size, Share, Driving …
As the latest economic scenario and changing market dynamics, the report highlights the current impact of Socially Assistive Healthcare Assistive Robot Market. The Socially Assistive Healthcare Assistive Robot Market Report is a comprehensive document that contains key information on key players for the forecast period, market trends, price analysis and market overview. The report was organised through lengthy research, primary research (through interview, surveys and specialist information), and secondary research (information
Assistive Listening Devices Market 2018 - 2028 | Growth and Forecast
Market Outlook People have varying degree of hearing in both the ears. People who are hard of hearing require an increase of volume to achieve the same level of hearing as normal. Assistive listening devices aid such people. Assistive listening devices are amplifying systems that are designed to help people who have hearing difficulty. Most of these devices can be used along with personal hearing aids that help remove background noise,
Healthcare Assistive Robot Market Serpentine Study 2025
Global Healthcare Assistive Robot Market: Overview Robots tend to make work easier and give accurate results, thus making work more efficient and to the time it is required to be completed. Due its error-free characteristic, many researches have been conducted across the globe to take the technology further and employ in various sectors. In the healthcare sector, robots have proven to be very useful as they help in overlooking several operations
Global Healthcare Assistive Robot Market Report 2025 - Surveillance & Security, …
"The Latest Research Report Global Healthcare Assistive Robot Market Research Report 2018 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential, influential trends, and the barriers that it is facing. Meticulous research and analysis were an important part of the
Feb 26, 2018: Hybrid Assistive Limb Market Growth 2018-2025 AlterG, Assistive In …
A market study "Global Hybrid Assistive Limb Market" examines the performance of the Hybrid Assistive Limb market 2018. It encloses an in-depth Research of the Hybrid Assistive Limb market state and the competitive landscape globally. This report analyzes the potential of Hybrid Assistive Limb market in the present and the future prospects from various angles in detail. The Global Hybrid Assistive Limb Market 2018 report includes Hybrid Assistive Limb market Revenue,
Medical Assistive Robots Market 2017 Emerging Trends
ReportsWeb.com has announced the addition of the “Global Medical Assistive Robots Industry Market Research 2017” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. In this report, we analyze the Medical Assistive Robots industry from two aspects. One part is about its production and the other part is about its consumption. In terms of its production, we analyze the production, revenue,