- Bathroom safety & Medical furniture devices
- Mobility aids & Medical ambulatory devices
Elderly And Disabled Assistive Devices Market size was valued at USD 25,610 billion in 2022 and is expected to reach USD 37,254 billion by 2028, at a significant CAGR of 5.5% during the forecast period 2023-2029. The Increase in the prevalence of neurological disorders such as dementia, a rise in the number of accident cases, growing global geriatric population, technological advancements in various elderly and disabled assistive devices, and availability of the varied products are anticipated to propel the elderly and disabled assistive devices market over the forecast period. Furthermore, rise in funding from the government and other NGO organizations for the distribution of assistive products, favourable reimbursement policies, an increase in healthcare expenditure might fuel the elderly and disabled assistive devices market growth.
However, a high cost of the assistive devices, product recalls, and poor acceptance of some products might hinder the growth of market over the forecast timeframe. Elderly and disabled assistive devices are used by the ageing people or disabled people who are dependant on others for day to day activities. The assistive devices help in enhancing the reading, listening, moving, and other daily activities. Different types of assistive devices are available for different functions which makes the life independent and comfortable. Most commonly used elderly and disabled assistive devices include visual and hearing aids, wheelchairs, and computerized hardware and software system for improving daily activities independently.
Global Elderly And Disabled Assistive Devices Market Summary
Study Period
2023-29
Base Year
2022
CAGR
5.5%
Largest Market
Europe
Fastest Growing Market
North-America
Elderly And Disabled Assistive Devices Market Dynamics
Elderly and Disabled Assistive Devices Market is growing at a significant CAGR owing to rise in technological advancements and innovation of novel devices which reduce strain to the patients. An upsurge in global geriatric population (according to U.S. Census Bureau, the global ageing population above 65 years is 8.5% in 2015 and is expected to reach 12% in 2030) an increase in the disability cases due to accidents are anticipated to fuel the elderly and disabled assistive devices market. New product launches with novel technologies, patent filings, and product launchings are the strategies followed by the companies for increasing their revenue in elderly and disabled assistive devices market. For instance, In August 2015, Advanced Bionics (Sonova Holding AG) received the FDA approval for Naida Ci Q 90 and Q30, a cochlear implant system with improved battery life and reduce the size.
North-America Got Significant Share
Elderly And Disabled Assistive Devices Market Regional Analysis
Geographically, Elderly and Disabled Assistive Devices Market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America has a significant share in market attributed to increase in the disposable income, favourable reimbursement scenario, technological advancements in the devices, an increase in the geriatric population (according to U.S. Department of Health and Human Services 2014, more than 46.2 Mn people are with 65 years or more age). In Europe, high adoption of assistive devices, collaboration and acquisitions between the companies, an increase in the healthcare expenditure are fuelling the growth of market. However, Asia Pacific has a lucrative growth owing to increase in the geriatric population in India, China, and Japan, low cost for the products, government reimbursement policies, an increase in the accident cases.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The elderly and disabled assistive devices market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Elderly And Disabled Assistive Devices Market Segmentation
By Device Type
By Technology
- Battery powered assistive device
- Electrical assistive devices
- Human-powered assistive devices
- Software-based assistive devices
- Others
By End User
- Hospitals
- Ambulatory surgical centres
- Homecare
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Frequently Asked Questions
The key segments covered in the Elderly and Disabled Assistive Devices Market are technology, components, application, and end-users.
The Elderly and Disabled Assistive Devices Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The Elderly and Disabled Assistive Devices Market key players are Sunrise Medical LLC (U.S.), Sonova Holding AG (Germany), Ai Squared (U.S.), Blue Chip Medical (U.S.), Bausch & Lomb, Inc. (U.S.), GN Hearing (Denmark), Permobil AB (Permobil International AG) (Sweden), Siemens Healthneers (Germany), Wintriss Engineering Corporation (U.S.), Invacare Corporation (U.S.)
| 1.Executive Summary |
| 2.Global Elderly and Disabled Assistive Devices Market Introduction |
| 2.1.Global Elderly and Disabled Assistive Devices Market - Taxonomy |
| 2.2.Global Elderly and Disabled Assistive Devices Market - Definitions |
| 2.2.1.Device Type |
| 2.2.2.Technology |
| 2.2.3.End User |
| 2.2.4.Region |
| 3.Global Elderly and Disabled Assistive Devices Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Elderly and Disabled Assistive Devices Market Analysis, 2018 - 2022 and Forecast 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Elderly and Disabled Assistive Devices Market By Device Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 5.1. Bathroom safety & Medical furniture devices |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Mobility aids & Medical ambulatory devices |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Elderly and Disabled Assistive Devices Market By Technology, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 6.1. Battery powered assistive device |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Electrical assistive devices |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Human-powered assistive devices |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Software-based assistive devices |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Elderly and Disabled Assistive Devices Market By End User, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 7.1. Hospitals |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Ambulatory surgical centres |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Homecare |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8.Global Elderly and Disabled Assistive Devices Market By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Elderly and Disabled Assistive Devices Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 9.1. Device Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Bathroom safety & Medical furniture devices |
| 9.1.2.Mobility aids & Medical ambulatory devices |
| 9.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Battery powered assistive device |
| 9.2.2.Electrical assistive devices |
| 9.2.3.Human-powered assistive devices |
| 9.2.4.Software-based assistive devices |
| 9.2.5.Others |
| 9.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Hospitals |
| 9.3.2.Ambulatory surgical centres |
| 9.3.3.Homecare |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Elderly and Disabled Assistive Devices Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 10.1. Device Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Bathroom safety & Medical furniture devices |
| 10.1.2.Mobility aids & Medical ambulatory devices |
| 10.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Battery powered assistive device |
| 10.2.2.Electrical assistive devices |
| 10.2.3.Human-powered assistive devices |
| 10.2.4.Software-based assistive devices |
| 10.2.5.Others |
| 10.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Hospitals |
| 10.3.2.Ambulatory surgical centres |
| 10.3.3.Homecare |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11.Asia Pacific (APAC) Elderly and Disabled Assistive Devices Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 11.1. Device Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Bathroom safety & Medical furniture devices |
| 11.1.2.Mobility aids & Medical ambulatory devices |
| 11.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Battery powered assistive device |
| 11.2.2.Electrical assistive devices |
| 11.2.3.Human-powered assistive devices |
| 11.2.4.Software-based assistive devices |
| 11.2.5.Others |
| 11.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Hospitals |
| 11.3.2.Ambulatory surgical centres |
| 11.3.3.Homecare |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Elderly and Disabled Assistive Devices Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 12.1. Device Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Bathroom safety & Medical furniture devices |
| 12.1.2.Mobility aids & Medical ambulatory devices |
| 12.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Battery powered assistive device |
| 12.2.2.Electrical assistive devices |
| 12.2.3.Human-powered assistive devices |
| 12.2.4.Software-based assistive devices |
| 12.2.5.Others |
| 12.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Hospitals |
| 12.3.2.Ambulatory surgical centres |
| 12.3.3.Homecare |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Elderly and Disabled Assistive Devices Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million) |
| 13.1. Device Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Bathroom safety & Medical furniture devices |
| 13.1.2.Mobility aids & Medical ambulatory devices |
| 13.2. Technology Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Battery powered assistive device |
| 13.2.2.Electrical assistive devices |
| 13.2.3.Human-powered assistive devices |
| 13.2.4.Software-based assistive devices |
| 13.2.5.Others |
| 13.3. End User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Hospitals |
| 13.3.2.Ambulatory surgical centres |
| 13.3.3.Homecare |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Sunrise Medical LLC (U.S) |
| 14.2.2.Sonova Holding AG (Germany) |
| 14.2.3.Ai Squared (U.S) |
| 14.2.4.Blue Chip Medical (U.S) |
| 14.2.5.Bausch & Lomb, Inc. (U.S) |
| 14.2.6.GN Hearing (Denmark) |
| 14.2.7.Permobil AB (Permobil International AG) (Sweden) |
| 14.2.8.Siemens Healthneers (Germany) |
| 14.2.9.Wintriss Engineering Corporation (U.S) |
| 14.2.10.Invacare Corporation (U.S) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Sunrise Medical LLC (U.S)
- Sonova Holding AG (Germany)
- Ai Squared (U.S)
- Blue Chip Medical (U.S)
- Bausch & Lomb, Inc. (U.S)
- GN Hearing (Denmark)
- Permobil AB (Permobil International AG) (Sweden)
- Siemens Healthneers (Germany)
- Wintriss Engineering Corporation (U.S)
- Invacare Corporation (U.S)