Elderly And Disabled Assistive Devices Market, By Device Type, By End User, By Geography

Description

Global elderly and disabled assistive devices market is estimated to be valued at USD 28.10 Bn in 2024 and is expected to reach USD 47.11 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 28.10 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	7.70%	2031 Value Projection:	US$ 47.11 Bn

Figure. Elderly And Disabled Assistive Devices Market Share (%), By Region 2024

Elderly And Disabled Assistive Devices Market - IMG1

Due to rapidly aging population worldwide, there has been huge demand for devices that help senior citizens and people with disabilities to live independently. Assistive devices range from daily living aids to complex medical equipment. Mobility aids like walkers, wheelchairs and scooters are widely used by elderly people with limited physical abilities. Monitoring devices help family members take care of their needs remotely. Technological advancements make assistive solutions more affordable and effective at improving quality of life. Due to rising lifestyle diseases and medical costs, assistive products provide cost-effective alternatives to institutionalization. With better awareness and supportive policies, the can witness growth in the near future.

Market Dynamics:

Global elderly and disabled assistive devices market growth is driven by factors such as rising geriatric population, increasing cases of disabilities caused by accidents or lifestyle diseases, growing health awareness and emphasis on independent living. However, issues such as high cost of sophisticated devices, lack of social and physical infrastructure in poor regions, and inadequate reimbursement policies can hamper the market growth. Ongoing innovations in medical technology, expansion of online sales and remote healthcare can offer new growth opportunities. Collaboration with healthcare providers and supported living facilities can offer opportunities for market players.

Key Features of the Study:

This report provides in-depth analysis of the global elderly and disabled assistive devices market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global elderly and disabled assistive devices market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Invacare, Sunrise Medical, Drive Medical, Medline Industries, GF Health Products, and Benmor Medical

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global elderly and disabled assistive devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global elderly and disabled assistive devices market

Detailed Segmentation-

By Device Type
- Medical Mobility Aids and Ambulatory Devices
- Medical Furniture and Bathroom Safety Products
- Hearing Aids
- Vision and Reading Aids
By End User
- Hospital
- Home Care Settings
- Nursing Homes
- Assisted Living Facilities
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Company Profiles:
- AI Squared
- Drive Medical
- GN Resound Group
- Invacare
- Nordic Capital
- Pride Mobility Products Corporation
- Siemens Ltd.
- Sonova Holding AG
- Starkey hearing technologies
- William Demant Holding A/S
- GF Health Products, Inc.
- Magic Mobility Ltd.
- MEYRA GmbH
- Audina Hearing Instruments, Inc.
- Handicare Group AB
- Enabling Technologies

Product Code: CMI82

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Device Type
- Market Snapshot, By End User
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Acquisitions and Partnerships Scenario
Funding and Investments
PEST Analysis
Porter's Analysis

4. Global Elderly and Disabled Assistive Devices Market - Impact of Coronavirus (COVID-19) Pandemic

Overall Impact
Government Initiatives
COVID-19 Impact on the Market

5. Global Elderly and Disabled Assistive Devices Market, By Device Type, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Medical Mobility Aids and Ambulatory Devices
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Medical Furniture and Bathroom Safety Products
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Hearing Aids
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Vision and Reading Aids
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Elderly and Disabled Assistive Devices Market, By End User, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Hospital
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Home Care Settings
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Nursing Homes
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Assisted Living Facilities
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Elderly and Disabled Assistive Devices Market, By Region, 2019 - 2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
  - Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Device Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Bn)
  - North Africa
  - Central Africa
  - South Africa

8. Competitive Landscape

Company Profiles
- AI Squared
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Drive Medical
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- GN Resound Group
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Invacare
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- Nordic Capital
- Pride Mobility Products Corporation
- Siemens Ltd.
- Sonova Holding AG
- Starkey hearing technologies
- William Demant Holding A/S
- GF Health Products, Inc.
- Magic Mobility Ltd.
- MEYRA GmbH
- Audina Hearing Instruments, Inc.
- Handicare Group AB
- Enabling Technologies

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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