IMARC Group’s report titled “Elderly And Disabled Assistive Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global elderly and disabled assistive devices market size reached US$ 29.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028.
Elderly and disabled assistive devices serve as external tools crafted to support individuals in carrying out various tasks and activities and enhance their mobility, communication, and overall quality of life. They play a crucial role in facilitating movement, vision, communication, eating, and dressing, leading to an improved sense of independence and well-being for users. Elderly and disabled assistive devices alleviate the burden on caregivers, allowing them to provide care more efficiently and securely. Consequently, they find extensive applications across the globe.
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Elderly And Disabled Assistive Devices Market Trends and Drivers:
The elderly and disabled assistive devices market is primarily driven by the high prevalence of musculoskeletal conditions, such as osteoarthritis, rheumatoid arthritis, psoriatic arthritis, gout, ankylosing spondylitis, osteoporosis, osteopenia, and associated fragility fractures. Additionally, the elevating need for wheelchairs, prostheses, spectacles, pill organizers, blood glucose meters, crutches, nursing beds, shower seats, toilet seats, and specialized computer software and hardware to improve mobility, hearing, vision, and communication abilities among individuals suffering from certain types of disability is acting as another significant growth-inducing factor. Besides this, the development of advanced features, such as automatic page-turners and book holders and adapted pencil grips to aid specially abled individuals in educational activities, is also positively influencing the market growth. Moreover, the introduction of physical modifications in the built environment, including ramps, grab bars, wider doorways, etc., to provide seamless access to buildings, businesses, and workplaces and the emergence of IoT-based products, such as smart canes equipped with sensors and ultrasonic ranging, are anticipated to fuel the elderly and disabled assistive devices market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Service Type:
- Mobility Aids Devices
- Wheelchairs
- Mobility Scooters
- Cranes and Crutches
- Walkers and Rollators
- Transfer Lifts
- Door Openers
- Others
- Living Aids Devices
- Reading and Vision Aids
- Hearing Aids
- Medical Furniture
- Medical Beds
- Medical Furniture Accessories
- Door Openers
- Others
- Bathroom Safety Devices
- Commodes
- Bars, Grips, and Rails
- Shower Chairs
- Ostomy Products
Breakup by End User:
- Hospitals
- Nursing Homes
- Assisted Living Facilities
- Homecare
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Carex Health Brands Inc.
- Demant A/S
- GF Health Products Inc.
- GN Hearing A/S
- Invacare Corporation
- Kaye Products Inc.
- Medical Depot Inc.
- NOVA Medical Products
- Pride Mobility Products Corporation
- Sonova Holding AG
- Starkey Hearing Technologies
- Sunrise Medical Inc.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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