Elderly and Disabled Assistive Devices Market Growth, Demand and Challenges of the Key Industry Players 2032


MARKETRESEARCH

Uploaded on Oct 23, 2024

Category Business

According to the latest research report by IMARC Group, The global elderly and disabled assistive devices market size reached US$ 31.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 52.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032. More Info:- https://www.imarcgroup.com/elderly-disabled-assistive-devices-market

Category Business

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Elderly and Disabled Assistive Devices Market Growth, Demand and Challenges of the Key Industry Players 2032

Global Elderly and Disabled Assistive Devices Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved About IMARC Group IMARC Group is a g lobal management consul t ing f i rm that he lps the wor ld ’s most ambi t ious changemakers to create a las t ing impact . Across the s ix major cont inents and 100+ count r ies , we work a longside our bus iness par tners as one team wi th a common ambi t ion to achieve unparal le led resul ts , gain a compet i t ive edge, and t ransform indust r ies . IMARC Group excels in unders tanding i ts c l ients ’ bus iness pr ior i t ies and del iver ing ta i lored solut ions that dr ive meaningfu l outcomes. Our c l ient base spans over 3,000 organizat ions in the pr ivate, publ ic , and soc ia l sectors , ranging f rom high-growth s tar tups to For tune 500 companies. We prov ide a comprehensive sui te of market entry and expansion serv ices. Our of fer ings inc lude thorough market assessment , feas ib i l i ty s tudies, company incorporat ion ass is tance, fac tory setup suppor t , regulatory approvals and l icens ing navigat ion, branding, market ing and sales st rategies, compet i t ive landscape and benchmark ing analyses, pr ic ing and cost research, and procurement research. These serv ices are des igned to ass is t companies in evaluat ing market oppor tuni t ies , set t ing up new ent i t ies , navigat ing regulatory landscapes, boost ing brand v is ib i l i ty , analyz ing compet i tors, and opt imiz ing procurement s t rategies. A c c o r d i n g t o t h e l a t e s t r e p o r t b y I M A R C G r o u p , t i t l e d " E ld e r ly a n d D i s a b le d A s s i s t i v e D e v i c e s M a r k e t : G lo b a l In d u s t r y T r e n d s , S h a r e , S i z e , G r o w t h , O p p o r t u n i t y a n d F o r e c a s t 2 0 2 4 - 2 0 3 2 , " t h e g l o b a l e l d e r l y a n d d i s a b l e d a s s i s t i v e d e v i c e s m a r k e t s i z e r e a c h e d U S $ 3 1 .1 B i l l i o n i n 2 0 2 3 . F a c to rs A f fe c t in g th e G ro w th o f th e E ld e r ly a n d D is a b le d A s s is t i v e D e v ic e s Report I n d u s t ry : G o v er n me n t I n i t i a t i v es a n d H e a l th c a re P o l ic ie s : Highlight and G o v e r n m e n t a l p o l i c i e s a n d i n i t i a t i v e s p l a y a c r u c i a l r o l e i n i m p e l l i n g t h e g r o w t h o f t h e m a r k e t . V a r i o u s g o v e r n m e n t s w o r l d w i d e a r e i m p l e m e n t i n g s u p p o r t i v e p o l i c i e s , o f f e r i n g s u b s i d i e s , a n d f u n d i n g p r o g r a m s t o f a c i l i t a t e a c c e s s t o a s s i s t i v e d e v i c e s , r e c o g n i z i n g Description t h e i r s i g n i f i c a n c e i n e n a b l i n g i n d e p e n d e n c e f o r e l d e r l y a n d d i s a b l e d i n d i v i d u a l s . T h e s e i n i t i a t i v e s o f t e n i n c l u d e i n s u r a n c e c o v e r a g e e x p a n s i o n s , t a x r e d u c t i o n s , a n d d i r e c t f u n d i n g , w h i c h a l l e v i a t e t h e f i n a n c i a l b u r d e n o n e n d - u s e r s a n d e n c o u r a g e t h e a d o p t i o n o f a s s i s t i v e t e c h n o l o g i e s . F u r t h e r m o r e , l e g i s l a t i v e f r a m e w o r k s m a n d a t i n g t h e a v a i l a b i l i t y o f a s s i s t i v e d e v i c e s i n p u b l i c s p a c e s a n d i n s t i t u t i o n s a r e c r e a t i n g a m o r e i n c l u s i v e s o c i e t y . S u c h p o l i c i e s n o t o n l y d r i v e t h e d e m a n d f o r a s s i s t i v e d e v i c e s b u t a l s o e n c o u r a g e m a n u fa c t u r e r s t o i n v e s t i n r e s e a r c h a n d d e v e l o p m e n t ( R & D ) , f o s t e r i n g i n n o v a t i o n a n d e x p a n d i n g t h e r a n g e o f a v a i l a b l e p r o d u c t s t o me e t t h e d i v e r s e n e e d s o f t h i s g r o w i n g u s e r b a s e . Demographic Shi f ts: As l i f e expec tancy inc reases due to advancements in hea l thcare , the re is a r i se in the p reva lence o f age - re la ted a i lmen ts , such as a r th r i t i s , os teoporos is , and A lzhe imer ’ s , a longs ide d isab i l i t ies tha t necess i ta te ass is t i ve dev ices . The demograph ic sh i f t t owa rds a more s ign i f i can t e lde r ly popu la t ion segment d r ives the demand fo r va r ious ass is t i ve p roduc ts , rang ing f rom mob i l i t y a ids l i ke wa lke rs and whee lcha i rs to da i l y l i v ing a ids and commun ica t ion dev ices . Report Th is demograph ic t rans fo rmat ion ensures innova t ion in the deve lopmen t o f mob i l i t y ass is tance dev ices . Moreover , the need fo r suppor t i ve dev ices is Highlight and i nc reas ing to enhance l i f e qua l i t y , f os te r i ndependence , and reduce the dependency on ca reg ive rs . Technological Advancements: Description Innova t ions , such as mob i l i t y a ids , hear ing a ids , and ass is t i ve fu rn i tu re , a re con t inuous ly evo lv ing , incorpo ra t ing advanced fea tu res l i ke w i re less connec t i v i t y , a r t i f i c ia l in te l l i gence (A I ) , and robo t i cs . These enhancemen ts improve the au tonomy and qua l i t y o f l i fe f o r use rs , o f fe r ing more use r - f r i end ly , e f f i c ien t , and e f fec t ive so lu t ions . Moreover , the in teg ra t ion o f A I in mob i l i t y dev ices a l lows fo r smar te r nav iga t ion and obs tac le avo idance , t hus ensur ing g rea te r sa fe ty . Moreover , the adven t o f smar t home techno log ies fac i l i t a tes seamless in te rac t ion w i th va r ious dev ices , p romot ing a more independen t and comfo r tab le l i v ing env i ronment . As techno logy advances , the adop t ion ra te o f these dev ices i s i nc reas ing . Report Request for a PDF sample o f th is repor t : h t tps : / /www. imarcgroup .com/e lder ly -d isab led-ass is t i ve -dev ices-marke t / reques t samp le Highlight and Description Report Description Global Elder ly and Disabled Assist ive Devices Market Trends: The increase in awareness and soc ia l accep tance o f d isab i l i t i es and the needs o f the e lder ly popu la t ion is bo ls ter ing the marke t g rowth. Pub l i c educat ion campa igns, advocacy by non-pro f i t o rgan iza t ions, and representa t ion in media a re p lay ing v i ta l ro les in norma l iz ing the use o f ass is t i ve dev ices , thereby reduc ing s t igma and encourag ing ind iv idua ls to seek he lp and adopt ass is t i ve so lu t ions. As soc ie ty becomes more inc lus ive , the demand fo r dev ices that a id mobi l i t y , communicat ion , and da i l y l i v ing ac t i v i t ies esca la tes . Th is he ightened awareness a lso leads to ear ly d iagnos is and t rea tment , d r iv ing the marke t demand fo r these dev ices. The soc ia l sh i f t towards embrac ing d ivers i ty and inc lus ion in phys ica l and cogn i t ive ab i l i t i es is thus ins t rumenta l in fos te r ing an env i ronment where the use o f ass is t i ve dev ices is norma l ized , thereby b roaden ing the cus tomer base and encourag ing techno log ica l and p roduct advancements . View Report TOC, F igures and Tables : ht tps: / /www. imarcgroup.com/e lder ly -d isabled-ass is t ive-devices-market Breakup by Service Type: • Mobi l i ty Aids Devices o Wheelchairs o Mobi l i ty Scooters o Cranes and Crutches o Walkers and Rol lators o Transfer Li fts o Door Openers Report o Others Segmentation • Living Aids Devices o Reading and Vision Aids o Hearing Aids • Medical Furniture o Medical Beds o Medical Furniture Accessories o Door Openers o Others • Bathroom Safety Devices o Commodes o Bars, Grips, and Rai ls o Shower Chairs o Ostomy Products Breakup by End User: • Hospitals Report • Nursing Homes • Assisted Living Faci l i t ies Segmentation • Homecare Breakup by Region: • North America • Asia-Pacifi c • Europe • Latin America • Middle East and Afr ica • Carex Health Brands Inc. • Demant A/S • GF Health Products Inc. • GN Hearing A/S Competitive • Invacare Corporat ion Landscape • Kaye Products Inc. with Key • Medical Depot Inc. • NOVA Medical Products Players • Pride Mobi l i ty Products Corporation • Sonova Holding AG • Starkey Hearing Technologies • Sunrise Medical Inc. What was the size of the global elderly and disabled assistive devices market in 2023? What is the expected growth rate of the global elderly and disabled assistive devices market during 2024- 2032? What are the key factors driving the global elderly and Key disabled assistive devices market? Questions What has been the impact of COVID-19 on the global elderly and disabled assistive devices market? Answered in What is the breakup of the global elderly and disabled the Report assistive devices market based on the service type? What is the breakup of the global elderly and disabled assistive devices market based on the end user? What are the key regions in the global elderly and disabled assistive devices market? Who are the key players/companies in the global elderly and disabled assistive devices market? 1 P r e f a c e 2 S c o p e a n d M e t h o d o l o g y 2 . 1 O b j e c t i v e s o f t h e S t u d y 2 . 2 S t a k e h o l d e r s 2 . 3 D a t a S o u r c e s 2 . 3 . 1 P r i m a r y S o u r c e s 2 . 3 . 2 S e c o n d a r y S o u r c e s 2 . 4 M a r k e t E s t i m a t i o n 2 . 4 . 1 B o t t o m - U p A p p r o a c h Table of 2 . 4 . 2 T o p - D o w n A p p r o a c h 2 . 5 F o r e c a s t i n g M e t h o d o l o g y 3 E x e c u t i v e S u m m a r y 4 I n t r o d u c t i o n 4 . 1 O v e r v i e w Contents 4 . 2 K e y I n d u s t r y T r e n d s5 G l o b a l E l d e r l y a n d D i s a b l e d A s s i s t i v e D e v i c e s M a r k e t 5 . 1 M a r k e t O v e r v i e w 5 . 2 M a r k e t P e r f o r m a n c e 5 . 3 I m p a c t o f C O V I D - 1 9 5 . 4 M a r k e t F o r e c a s t 6 M a r k e t B r e a k u p b y S e r v i c e T y p e 6 . 1 M o b i l i t y A i d s D e v i c e s 6 . 1 . 1 M a r k e t T r e n d s 6 . 1 . 2 K e y S e g m e n t s 6 . 1 . 2 . 1 W h e e l c h a i r s 6 . 1 . 2 . 2 M o b i l i t y S c o o t e r s 6 . 1 . 2 . 3 C r a n e s a n d C r u t c h e s 6 . 1 . 2 . 4 W a l k e r s a n d R o l l a t o r s 6 . 1 . 2 . 5 T r a n s f e r L i f t s 6 . 1 . 2 . 6 D o o r O p e n e r s 6 . 1 . 2 . 7 O t h e r s 6 . 1 .3 M a rk e t F o r e c a s t 6 . 2 L i v i n g A i ds D ev i c e s 6 . 2 .1 M a rk e t T re n d s 6 . 2 .2 K e y S e g m en t s 6 . 2 . 2 . 1 R e a d i ng a n d V i s i o n A i d s 6 . 2 . 2 . 2 H e a r i n g A i d s 6 . 2 .3 M a rk e t F o r e c a s t 6 . 3 Me d i c a l F u r n i t u r e 6 . 3 .1 M a rk e t T re n d s 6 . 3 .2 K e y S e g m en t s 6 . 3 . 2 . 1 M e d i ca l B e ds Table of 6 . 3 . 2 . 2 M e d i ca l F u rn i t u r e A c c e s s o r i e s 6 . 3 . 2 . 3 D o o r O p e ne r s 6 . 3 . 2 . 4 O t h e r s Contents 6 . 3 .3 M a rk e t F o r e c a s t 6 . 4 B a t h r oo m S a f e t y D e v i c e s 6 . 4 .1 M a rk e t T re n d s 6 . 4 .2 K e y S e g m en t s 6 . 4 . 2 . 1 C o m mo d e s 6 . 4 . 2 . 2 B a r s , G r i ps , a n d R a i l s 6 . 4 . 2 . 3 S h o w er C h a i r s 6 . 4 . 2 . 4 O s t om y P r o d u c ts 6 . 4 .3 M a rk e t F o r e c a s t 7 Ma r k e t B r e a ku p b y E n d U se r 7 . 1 H o s p i t a l s 7 . 1 .1 M a rk e t T re n d s 7 . 1 .2 M a rk e t F o r e c a s t F o r m o r e i n f o r m a t i o n , v i s i t : ht tps : / /www. imarcgroup .com/e lder ly -d i sab led -ass i s t ive -d ev ices -market / t oc Partial List of Clients Partial List of Clients Disclaimer © 2024 IMARC Al l R ights Reserved Th is Pub l i ca t ion and a l l i t ’ s con ten ts un less o therw ise men t i oned a re copy r i gh ted in the name o f I n t e rna t i ona l Marke t Ana lys i s Research and Consu l t ing ( IMARC) . 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