The global elderly and disabled assistive devices market size is expected to reach around US$ 34.18 billion by 2030 from US$ 22.07 billion in 2021 and is expected to grow at an impressive growth rate of 5% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global elderly and disabled assistive devices market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Report Scope of the Elderly and Disabled Assistive Devices Market
| Report Coverage | Details |
| Market Size by 2030 | USD 34.18 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 5% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacifc |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Key Findings of Market Report
- Due to its excellent features such as agility, flexibility, and comfort, and assistive devices are becoming increasingly popular among the elderly and disabled. This factor is estimated to present prospective revenue opportunities for manufacturers of assistive devices serving the elderly and disabled.
- In terms of revenue, the hearing aids category accounted for a considerable market share in 2021. This is due to the presence of an incredibly large number of individuals who suffer from hearing loss and the emergence of technologically improved devices such as bone-anchored hearing aids (BAHA) and cochlear implants.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global elderly and disabled assistive devices market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global elderly and disabled assistive devices market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global elderly and disabled assistive devices market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for elderly and disabled assistive devices are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global elderly and disabled assistive devices market include:
- AI Squared
- Drive Medical
- GN Resound Group
- Invacare
- Nordic Capital
- Pride Mobility Products Corporation
- Siemens Ltd.
- Sonova Holding AG
- Starkey hearing technologies
- William Demant Holding A/S
Market Segmentation:
By Service Type
- Mobility Aids Devices
- Wheelchairs
- Mobility Scooters
- Cranes & Crutches
- Walkers & Rollators
- Transfer Lifts
- Door Openers
- Others (Cushions, Pillow, and Back Support)
- Living Aids Devices
- Reading and Vision Aids
- Video Magnifiers
- Braille Translators
- Reading Machines
- Others (Books and Kitchen Appliances)
- Hearing Aids
- Receiver-in-the-Ear (RITE) Aids
- Behind-the-Ear (BTE) Aids
- In-the-Ear (ITE) Aids
- Canal Hearing Aids
- Bone Anchored Hearing Aids (BAHA)
- Cochlear Implants
- Reading and Vision Aids
- Medical Furniture
- Medical Beds
- Medical Furniture Accessories
- Door Openers
- Others
- Bathroom Safety Devices
- Commodes
- Bars, Grips, and Rails
- Shower Chairs
- Ostomy Products
By End User
- Hospitals
- Nursing Homes
- Assisted Living Facilities
- Homecare
Regional Analysis:
The geographical analysis of the global elderly and disabled assistive devices market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global elderly and disabled assistive devices Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global elderly and disabled assistive devices market in 2030?
- What is the expected CAGR for the elderly and disabled assistive devices market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global elderly and disabled assistive devices market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Elderly and Disabled Assistive Devices Market
5.1. COVID-19 Landscape: Elderly and Disabled Assistive Devices Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Elderly and Disabled Assistive Devices Market, By Service
8.1. Elderly and Disabled Assistive Devices Market, by Service Type, 2022-2030
8.1.1. Mobility Aids Devices
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Living Aids Devices
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Medical Furniture
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Bathroom Safety Devices
8.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Elderly and Disabled Assistive Devices Market, By Application
9.1. Elderly and Disabled Assistive Devices Market, by Application, 2022-2030
9.1.1. Hospitals
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Nursing Homes
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Assisted Living Facilities
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Homecare
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Elderly and Disabled Assistive Devices Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Service (2017-2030)
10.1.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Service (2017-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Service (2017-2030)
10.2.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Service (2017-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Service (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Service (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Service (2017-2030)
10.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Service (2017-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Service (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Service (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Service (2017-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Service (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Service (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Service (2017-2030)
10.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Service (2017-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Service (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 11. Company Profiles
11.1. AI Squared
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Drive Medical
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. GN Resound Group
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Invacare
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Nordic Capital
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Pride Mobility Products Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Siemens Ltd.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Sonova Holding AG
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Starkey hearing technologies
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. William Demant Holding A/S
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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