U.S (New York) – Report Ocean has recently published a comprehensive research report titled “Elderly and Disabled Assistive Devices Market” Research Report 2023-2031. This report delves deep into the market and offers valuable insights into (Key Market Trends, Emerging Technologies, Market Drivers and Challenges of the Industry, Regulatory Policies), company profiles of key players, and their strategies. With over 100+ market data tables, pie charts, graphs, and figures, this global market study is now available. The report provides a thorough evaluation of the market, (Encompassing Future Trends, Current Growth Factors, Expert Opinions, Factual Information), and industry-validated market data, with a forecast extending until 2031.
The global elderly & disabled assistive devices market size was $23,009 million in 2018 and is anticipated to reach $35,599 million by 2026, registering a CAGR of 5.5% from 2019 to 2026. Assistive devices, as the term signifies are the medical devices that assist elderly as well as disabled people to form their various basic tasks such as walking, hearing problems, vision problems, and others. The mobility aids devices include wheelchairs, scooters, and others that alleviate disabled individuals with their mobility. Moreover, there are various kinds of hearing aids that help individuals with hearing difficulties such as Behind-the-ear Aids (BTE), Receiver-in-the-Ear Aids (RITE), In-the Ear Aids (ITE), Bone Anchored Hearing Aids (BAHA), canal hearing aids and cochlear implants.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The global elderly and disabled assistive devices market is primarily driven by significant rise in mobility impairment disorders, lifestyle changes, and availability of a variety of disabled & elderly assistive products. In addition, considerable increase in demand for assistive devices due to rise in trend of an independent lifestyle further fuels the market growth. Furthermore, growth in the number of assistive devices manufacturers investing in the R&D activities of these technologies is estimated to boost the market growth.
However, high cost of few sophisticated products, low level of acceptance for few products, and low reimbursement from medical insurers restrain the growth of the market. On the contrary, an increase in proactiveness of people and rise in health consciousness among people are anticipated to provide lucrative growth opportunities for the market growth. The global elderly & disabled assistive devices market is segmented based on type and region. Based on type, it is divided into living aids, mobility aids devices, medical furniture, and bathroom safety equipment. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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KEY BENEFITS FOR STAKEHOLDERS
> This report provides an extensive analysis of the emerging trends and dynamics in the global elderly & disabled assistive devices market.
> This study provides the landscape of the global market to predict the competitive environment across geographies.
> This report entails the detailed quantitative analyses of the current trends and future estimations to identify the prevailing opportunities.
> Comprehensive analyses of factors that drive and restrict the market growth is provided in the report.
> Region- and country-wise analysis is conducted to understand the market trends and dynamics.
The key players profiled in this report are as follows:
> AI Squared
> Drive Medical.
> GN Resound Group.
> Invacare
> William Demant Holding A/S
> Nordic Capital (Sunrise Medical LLC)
> Pride Mobility Products Corporation
> Siemens Ltd
> Sonova Holding AG
> Starkey hearing technologies
The other players operating in the elderly & disabled assistive devices market include (not profiled in the report)
> Bausch & Lomb, Inc.,
> Inclusive Technology Ltd.
> Liberator Ltd.
> Tobii Dynavox
> JABBLA B.V.B.A
> Blue Chip Medical Type, Inc.
> Permobil AB
> Medline Industries, Inc.
KEY MARKET SEGMENTS
By Type
> Living Aids Devices
o Hearing Aids
? Behind-the-ear Aids (BTE)
? Receiver-in-the-Ear Aids (RITE)
? In-the?Ear Aids (ITE)
? Bone Anchored Hearing Aids (BAHA)
? Canal Hearing Aids
? Cochlear Implants
o Reading and Vision Aids
? Braille Translators
? Video Magnifiers
? Reading Machines
? Others
> Mobility Aids Devices
o Wheelchairs
? Manual Wheelchairs
? Powered Wheelchairs
o Mobility Scooters
? Walkers & Rollators
? Canes & Walking Sticks
? Crutches
? Transfer Lifts or Patient Mechanical Lift Handling
? Door Openers
? Others
> Medical Furniture
o Medical Beds
o Door Openers
o Medical Furniture Accessories
o Riser Reclining Chairs
o Others
> Bathroom Safety Equipment
o Shower Chairs
o Commodes
o Ostomy Products
o Bars, Grips, & Rails
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> By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Italy
? Spain
? Rest of Europe
o Asia-Pacific
? Japan
? China
? India
? Australia
? Rest of Asia-Pacific
o LAMEA
? Brazil
? Saudi Arabia
? South Africa
? Rest of LAMEA
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