Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Elderly and Disabled Assistive Devices Market: By Device Type Mobility aids & Medical ambulatory devices ), By Technology, By End User and Region Forecast 2019-2030
Elderly And Disabled Assistive Devices Market size was valued at US$ 26,610 billion in 2023 and is expected to reach US$ 38,254 billion by 2030, at a significant CAGR of 6.4% from 2024-2030. The increase in the prevalence of neurological disorders such as dementia, a rise in the number of accident cases, a growing global geriatric population, technological advancements in various elderly and disabled assistive devices, and availability of the varied products are anticipated to propel the market over the forecast period. Furthermore, a rise in funding from the government and other NGO organizations for the distribution of assistive products, favorable reimbursement policies, and an increase in healthcare expenditure might fuel the market growth.
However, the high cost of assistive devices, product recalls, and poor acceptance of some products might hinder the growth of the market over the forecast timeframe. Elderly and disabled assistive devices are used by aging people or disabled people who are dependent on others for day-to-day activities. The assistive devices help in enhancing reading, listening, moving, and other daily activities. Different types of assistive devices are available for different functions which makes life independent and comfortable. Most commonly used elderly and disabled assistive devices include visual and hearing aids, wheelchairs, and computerized hardware and software systems for improving daily activities independently.
Study Period
2024-2030Base Year
2023CAGR
6.4%Largest Market
North-AmericaFastest Growing Market
North-America
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 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.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 26,610 billion |
Market Size in 2030 |
US$ 38,254 billion |
Market CAGR |
6.4% |
By Device Type |
|
By Technology |
|
By End User |
|
By Region |
|
Download Free Sample Report
The global elderly and disabled assistive devices market size was valued at US$ 26,210 million in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030.
The global market size was valued at US$ 26,210 million in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030.
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
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, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Bathroom safety & Medical furniture devices |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Battery-powered assistive device |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Hospitals |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast, 2024 - 2030, (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, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Device Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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,2019 - 2023 and Forecast 2024 - 2030 (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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 ,2019 - 2023 and Forecast 2024 - 2030 (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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 ,2019 - 2023 and Forecast 2024 - 2030 (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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 ,2019 - 2023 and Forecast 2024 - 2030 (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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 |
Key Market Players