HealthElderly and Disabled Assistive Devices Market Size, Share, Growth 2024-2032

Elderly and Disabled Assistive Devices Market Size, Share, Growth 2024-2032

The new report by Expert Market Research titled, ‘Global Elderly and Disabled Assistive Devices Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2032’, gives an in-depth analysis of the global elderly and disabled assistive devices market, assessing the market based on its segments like type, end use and major regions.

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 (2018-2032)

  • Historical Market Size (2023): USD 24.9 billion
  • Forecast CAGR (2024-2032): 5.3%
  • Forecast Market Size (2032): USD 39.3 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.

Elderly and Disabled Assistive Devices 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

Elderly and Disabled Assistive Devices 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.

About Us:

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact:

Company Name: Claight Corporation
Contact Person: Joe Goldberg, Business Consultant
Email: [email protected]
Toll-Free Number: US +1–415–325–5166 | UK +44–702–402–5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA

Latest Post

Related Post

Reliable Options To Finalize Amazing CBD Companies

The use of natural products on a daily basis...

Essential Tips for Maintaining a Healthy Indoor Climate

Maintaining a healthy indoor climate is crucial for overall...

Know The Significance of Dairy Cow Microbial Supplements

For dairy farmers, the health and proficiency of their...

Common Foot Problems Treated by Podiatry Specialists

Our feet are the foundation that supports us throughout...

What is the Omnipod 5 G6 Intro Kit?

If you’re managing diabetes, you know how critical it...

Understanding Mounjaro injections: Benefits and Usage

Introduction In the battle against obesity and type 2 diabetes,...

Hair Transplant Aftercare Tips from Riyadh Specialists

Introduction Undergoing a hair transplant is a significant step towards...

ملاذ الشفاء في دبي: تطوير الرعاية الصحية من خلال الخدمات المنزلية

في قلب مدينة دبي الديناميكية، يحدث تحول هادئ وعميق...

Top Expert Tips To Follow To Address Sleep Issues In Kids

Sometimes it is very frustrating for the parents when the kids are...