Elderly and Disabled Assistive Devices Market Overview
The global Elderly and Disabled Assistive Devices market is expected to rise at a significant rate due to rising technological advancements in the forthcoming years. The increasing count of disabled and aging population worldwide is the main factor that boosts the growth of the global Elderly and Disabled Assistive Devices market. Further, another important aspect that influences the growth of the market is the introduction of technologically advanced products such as implants, powered wheelchairs, transfer lifts, portable reading machines, and sensor-based door openers.
Additionally, government and private institutions in several countries are taking efforts for the elderly and disabled population by providing enhanced facilities to makes their lives comfortable. Furthermore, they also provide fundings to make assistive devices affordable to the disabled and elderly population in many countries. All these factors are anticipated to have a definite impact on the global Elderly and Disabled Assistive Devices market throughout the forecast period.
On the downside, the increasing product pricing and the low adoption level of some of the products may hamper the growth of the overall market. Besides this, the increasing government and private initiatives to present better healthcare services may create new growth opportunities in the global elderly and disabled assistive devices market in the coming period.
Covid-19 Impact on Elderly and Disabled Assistive Devices Market
In addition, the current Elderly and Disabled Assistive Devices Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Elderly and Disabled Assistive Devices Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Elderly and Disabled Assistive Devices Market Segment Overview
The Medical Mobility Aids and Ambulatory Devices segment dominated the market and is predictable to maintain its dominance during the forecast period. This is attributed to the increasing advancements in mobility assistive device technology and the rising disabled & old age population requiring mobility assistance. Additionally, the rising number of accidents in the past few years and thus affected people requiring mobility assistive devices. This fact propels the growth of the segment. Furthermore, increasing mobility impairment disorders including amputation, paralysis, spinal cord injury, cerebral palsy, multiple sclerosis, stroke, and others are estimated to boost the market’s growth for mobility assistive devices in the forthcoming years.
Moreover, the Hearing Aids segment accounted for the largest share in the Elderly and Disabled Assistive Devices market. This is due to the large population suffering from hearing impairments problems. According to World Health Organization (WHO), Over 5% of the world’s population or 430 million people require rehabilitation to address their ‘disabling’ hearing loss. It is estimated that by 2050 over 700 million people will have disabling hearing loss.
Elderly and Disabled Assistive Devices Market, By Types
In terms of region, North America accounted for the largest share of the market and is anticipated to maintain this trend throughout the forecast period. This is attributed to the increasing demand for assistive devices, the growing old age population, and the rising focus on patient safety by the government. Besides, technological advancements and established distribution channels are the major factors that propel the growth of the elderly and disabled assistive devices market in this region.
Similarly, Asia Pacific is expected to witness remarkable growth in the projected period. This growth can be attributed due to increasing government funding, a large elderly and disabled population, and rising disposable incomes in this region. Additional factors such as growing healthcare expenditure, developing healthcare infrastructure, and intensive R&D for developing products with better features will also boost the growth of this market.
Elderly and Disabled Assistive Devices Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Elderly and Disabled Assistive Devices Market, Key Players
· Sonova Holding AG
· William Demant Holding A/S
· Invacare Corporation
· Sunrise Medical LLC
· GN ReSound Group
· Ai Squared
· Drive Medical
· Pride Mobility Products Corporation
· Siemens Ltd.
· Starkey hearing technologies
The global Elderly and Disabled Assistive Devices market is expected to rise at a significant rate due to rising technological advancements in the forthcoming years. The increasing count of disabled and aging population worldwide is the main factor that boosts the growth of the global Elderly and Disabled Assistive Devices market. Further, another important aspect that influences the growth of the market is the introduction of technologically advanced products such as implants, powered wheelchairs, transfer lifts, portable reading machines, and sensor-based door openers.
Additionally, government and private institutions in several countries are taking efforts for the elderly and disabled population by providing enhanced facilities to makes their lives comfortable. Furthermore, they also provide fundings to make assistive devices affordable to the disabled and elderly population in many countries. All these factors are anticipated to have a definite impact on the global Elderly and Disabled Assistive Devices market throughout the forecast period.
On the downside, the increasing product pricing and the low adoption level of some of the products may hamper the growth of the overall market. Besides this, the increasing government and private initiatives to present better healthcare services may create new growth opportunities in the global elderly and disabled assistive devices market in the coming period.
Covid-19 Impact on Elderly and Disabled Assistive Devices Market
In addition, the current Elderly and Disabled Assistive Devices Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Elderly and Disabled Assistive Devices Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Elderly and Disabled Assistive Devices Market Segment Overview
The Medical Mobility Aids and Ambulatory Devices segment dominated the market and is predictable to maintain its dominance during the forecast period. This is attributed to the increasing advancements in mobility assistive device technology and the rising disabled & old age population requiring mobility assistance. Additionally, the rising number of accidents in the past few years and thus affected people requiring mobility assistive devices. This fact propels the growth of the segment. Furthermore, increasing mobility impairment disorders including amputation, paralysis, spinal cord injury, cerebral palsy, multiple sclerosis, stroke, and others are estimated to boost the market’s growth for mobility assistive devices in the forthcoming years.
Moreover, the Hearing Aids segment accounted for the largest share in the Elderly and Disabled Assistive Devices market. This is due to the large population suffering from hearing impairments problems. According to World Health Organization (WHO), Over 5% of the world’s population or 430 million people require rehabilitation to address their ‘disabling’ hearing loss. It is estimated that by 2050 over 700 million people will have disabling hearing loss.
Elderly and Disabled Assistive Devices Market, By Types
- Medical Mobility Aids and Ambulatory Devices
- Wheelchairs
- Mobility Scooters
- Cranes and Crutches
- Walkers and Rollators
- Transfer Lifts
- Door Openers
- Others (Cushions, Pillow and Back Support)
- Medical Furniture and Bathroom Safety Products
- Medical Beds
- Commodes & Showers Chairs
- Ostomy Products
- Bars and Railings
- Others (Bath lifts and Pool Lifts)
- 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
- Vision and Reading Aids
- Video Magnifiers
- Braille Translators
- Reading Machines
- Others (Books and Kitchen Appliances)
In terms of region, North America accounted for the largest share of the market and is anticipated to maintain this trend throughout the forecast period. This is attributed to the increasing demand for assistive devices, the growing old age population, and the rising focus on patient safety by the government. Besides, technological advancements and established distribution channels are the major factors that propel the growth of the elderly and disabled assistive devices market in this region.
Similarly, Asia Pacific is expected to witness remarkable growth in the projected period. This growth can be attributed due to increasing government funding, a large elderly and disabled population, and rising disposable incomes in this region. Additional factors such as growing healthcare expenditure, developing healthcare infrastructure, and intensive R&D for developing products with better features will also boost the growth of this market.
Elderly and Disabled Assistive Devices Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Elderly and Disabled Assistive Devices Market, Key Players
· Sonova Holding AG
· William Demant Holding A/S
· Invacare Corporation
· Sunrise Medical LLC
· GN ReSound Group
· Ai Squared
· Drive Medical
· Pride Mobility Products Corporation
· Siemens Ltd.
· Starkey hearing technologies
Elderly and Disabled Assistive Devices Market Study Global Market Analysis, Insights and Forecast, 2020-20275.3. Market Analysis, Insights and Forecast – By Region 6.3. Market Analysis, Insights and Forecast – By Country 7.3. Market Analysis, Insights and Forecast – By Country 8.3. Market Analysis, Insights and Forecast – By Country 9.3. Market Analysis, Insights and Forecast – By Country
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Elderly and Disabled Assistive Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Types
- 5.2.1. Medical Mobility Aids and Ambulatory Devices
- 5.2.1.1. Wheelchairs
- 5.2.1.2. Mobility Scooters
- 5.2.1.3. Cranes and Crutches
- 5.2.1.4. Walkers and Rollators
- 5.2.1.5. Transfer Lifts
- 5.2.1.6. Door Openers
- 5.2.1.7. Others (Cushions, Pillow and Back Support)
- 5.2.2. Medical Furniture and Bathroom Safety Products
- 5.2.2.1. Medical Beds
- 5.2.2.2. Commodes & Showers Chairs
- 5.2.2.3. Ostomy Products
- 5.2.2.4. Bars and Railings
- 5.2.2.5. Others (Bath lifts and Pool Lifts)
- 5.2.3. Hearing Aids
- 5.2.3.1. Receiver-in-the-Ear (RITE) Aids
- 5.2.3.2. Behind-the-Ear (BTE) Aids
- 5.2.3.3. In-the–Ear (ITE) Aids
- 5.2.3.4. Canal Hearing Aids
- 5.2.3.5. Bone Anchored Hearing Aids (BAHA)
- 5.2.3.6. Cochlear Implants
- 5.2.4. Vision and Reading Aids
- 5.2.4.1. Video Magnifiers
- 5.2.4.2. Braille Translators
- 5.2.4.3. Reading Machines
- 5.2.4.4. Others (Books and Kitchen Appliances)
- 5.2.1. Medical Mobility Aids and Ambulatory Devices
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America, Middle East and Africa
6. North America Elderly and Disabled Assistive Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Types
- 6.2.1. Medical Mobility Aids and Ambulatory Devices
- 6.2.1.1. Wheelchairs
- 6.2.1.2. Mobility Scooters
- 6.2.1.3. Cranes and Crutches
- 6.2.1.4. Walkers and Rollators
- 6.2.1.5. Transfer Lifts
- 6.2.1.6. Door Openers
- 6.2.1.7. Others (Cushions, Pillow and Back Support)
- 6.2.2. Medical Furniture and Bathroom Safety Products
- 6.2.2.1. Medical Beds
- 6.2.2.2. Commodes & Showers Chairs
- 6.2.2.3. Ostomy Products
- 6.2.2.4. Bars and Railings
- 6.2.2.5. Others (Bath lifts and Pool Lifts)
- 6.2.3. Hearing Aids
- 6.2.3.1. Receiver-in-the-Ear (RITE) Aids
- 6.2.3.2. Behind-the-Ear (BTE) Aids
- 6.2.3.3. In-the–Ear (ITE) Aids
- 6.2.3.4. Canal Hearing Aids
- 6.2.3.5. Bone Anchored Hearing Aids (BAHA)
- 6.2.3.6. Cochlear Implants
- 6.2.4. Vision and Reading Aids
- 6.2.4.1. Video Magnifiers
- 6.2.4.2. Braille Translators
- 6.2.4.3. Reading Machines
- 6.2.4.4. Others (Books and Kitchen Appliances)
- 6.2.1. Medical Mobility Aids and Ambulatory Devices
- 6.3.1. U.S.
- 6.3.2. Canada
7. Europe Elderly and Disabled Assistive Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Types
- 7.2.1. Medical Mobility Aids and Ambulatory Devices
- 7.2.1.1. Wheelchairs
- 7.2.1.2. Mobility Scooters
- 7.2.1.3. Cranes and Crutches
- 7.2.1.4. Walkers and Rollators
- 7.2.1.5. Transfer Lifts
- 7.2.1.6. Door Openers
- 7.2.1.7. Others (Cushions, Pillow and Back Support)
- 7.2.2. Medical Furniture and Bathroom Safety Products
- 7.2.2.1. Medical Beds
- 7.2.2.2. Commodes & Showers Chairs
- 7.2.2.3. Ostomy Products
- 7.2.2.4. Bars and Railings
- 7.2.2.5. Others (Bath lifts and Pool Lifts)
- 7.2.3. Hearing Aids
- 7.2.3.1. Receiver-in-the-Ear (RITE) Aids
- 7.2.3.2. Behind-the-Ear (BTE) Aids
- 7.2.3.3. In-the–Ear (ITE) Aids
- 7.2.3.4. Canal Hearing Aids
- 7.2.3.5. Bone Anchored Hearing Aids (BAHA)
- 7.2.3.6. Cochlear Implants
- 7.2.4. Vision and Reading Aids
- 7.2.4.1. Video Magnifiers
- 7.2.4.2. Braille Translators
- 7.2.4.3. Reading Machines
- 7.2.4.4. Others (Books and Kitchen Appliances)
- 7.2.1. Medical Mobility Aids and Ambulatory Devices
- 7.3.1. UK
- 7.3.2. Germany
- 7.3.3. France
- 7.3.4. Italy
- 7.3.5. Spain
- 7.3.6. Russia
- 7.3.7. Rest of Europe
8. Asia Pacific Elderly and Disabled Assistive Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Types
- 8.2.1. Medical Mobility Aids and Ambulatory Devices
- 8.2.1.1. Wheelchairs
- 8.2.1.2. Mobility Scooters
- 8.2.1.3. Cranes and Crutches
- 8.2.1.4. Walkers and Rollators
- 8.2.1.5. Transfer Lifts
- 8.2.1.6. Door Openers
- 8.2.1.7. Others (Cushions, Pillow and Back Support)
- 8.2.2. Medical Furniture and Bathroom Safety Products
- 8.2.2.1. Medical Beds
- 8.2.2.2. Commodes & Showers Chairs
- 8.2.2.3. Ostomy Products
- 8.2.2.4. Bars and Railings
- 8.2.2.5. Others (Bath lifts and Pool Lifts)
- 8.2.3. Hearing Aids
- 8.2.3.1. Receiver-in-the-Ear (RITE) Aids
- 8.2.3.2. Behind-the-Ear (BTE) Aids
- 8.2.3.3. In-the–Ear (ITE) Aids
- 8.2.3.4. Canal Hearing Aids
- 8.2.3.5. Bone Anchored Hearing Aids (BAHA)
- 8.2.3.6. Cochlear Implants
- 8.2.4. Vision and Reading Aids
- 8.2.4.1. Video Magnifiers
- 8.2.4.2. Braille Translators
- 8.2.4.3. Reading Machines
- 8.2.4.4. Others (Books and Kitchen Appliances)
- 8.2.1. Medical Mobility Aids and Ambulatory Devices
- 8.3.1. China
- 8.3.2. India
- 8.3.3. Japan
- 8.3.4. Australia
- 8.3.5. South East Asia
- 8.3.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Elderly and Disabled Assistive Devices Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Types
- 9.2.1. Medical Mobility Aids and Ambulatory Devices
- 9.2.1.1. Wheelchairs
- 9.2.1.2. Mobility Scooters
- 9.2.1.3. Cranes and Crutches
- 9.2.1.4. Walkers and Rollators
- 9.2.1.5. Transfer Lifts
- 9.2.1.6. Door Openers
- 9.2.1.7. Others (Cushions, Pillow and Back Support)
- 9.2.2. Medical Furniture and Bathroom Safety Products
- 9.2.2.1. Medical Beds
- 9.2.2.2. Commodes & Showers Chairs
- 9.2.2.3. Ostomy Products
- 9.2.2.4. Bars and Railings
- 9.2.2.5. Others (Bath lifts and Pool Lifts)
- 9.2.3. Hearing Aids
- 9.2.3.1. Receiver-in-the-Ear (RITE) Aids
- 9.2.3.2. Behind-the-Ear (BTE) Aids
- 9.2.3.3. In-the–Ear (ITE) Aids
- 9.2.3.4. Canal Hearing Aids
- 9.2.3.5. Bone Anchored Hearing Aids (BAHA)
- 9.2.3.6. Cochlear Implants
- 9.2.4. Vision and Reading Aids
- 9.2.4.1. Video Magnifiers
- 9.2.4.2. Braille Translators
- 9.2.4.3. Reading Machines
- 9.2.4.4. Others (Books and Kitchen Appliances)
- 9.2.1. Medical Mobility Aids and Ambulatory Devices
- 9.3.1. Brazil
- 9.3.2. Saudi Arabia
- 9.3.3. UAE
- 9.3.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Sonova Holding AG
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. William Demant Holding A/S
- 10.6. Invacare Corporation
- 10.7. Sunrise Medical LLC
- 10.8. GN ReSound Group
- 10.9. Ai Squared
- 10.10. Drive Medical
- 10.11. Pride Mobility Products Corporation
- 10.12. Siemens Ltd.
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
