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Global Elderly and Disabled Assistive Devices Market: By Type: Living Aids, Mobility Aids Devices, Medical furniture, Bathroom Safety Equipment; By End Use: Hospital, Home Care Setting; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Elderly and Disabled Assistive Devices Market Outlook
The global elderly and disabled assistive devices market reached USD 24.15 billion in 2020 and is expected to grow at a CAGR of 7% during the forecast period of 2022-2027 to attain USD 36.2 billion by 2026. The increasing proactivity and the growing value of better health conditions is expected to provide lucrative market growth opportunities.
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Market Segmentation
The elderly and disabled assistive devices are technologies that support, adapt, or rehabilitate people with disabilities or the elderly. For example, wheelchairs provide independent flexibility for those who are unable to walk, while feeding aids may allow people who are unable to feed themselves to do so.
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The industry can be broadly categorised based on the type and end-user.
Based on types, the market is divided into:
- Living Aids
- Hearing Aids
- Reading and Vision Aids
- Mobility Aids Devices
- Wheelchairs
- Mobility Scooters
- Medical Furniture
- Medical Beds
- Door Openers
- Riser Reclining Chairs
- Others
- Bathroom Safety Equipment
- Shower Chairs
- Commode Chairs
- Ostomy Equipment
- Bars, Grips, and Rails
Based on end-users, the market can be segmented into:
- Hospital
- Home Care Setting
- Others
EMR report looks into the regional markets of disabled and elderly assistive devices like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The global market for elderly and disabled assistive technologies is driven by a rise in the geriatric and disabled population, changes in lifestyle, the availability of disabled and elderly assistive devices, and the increased demand for assistive technologies. The increasing number of producers of assistive devices investing in these technologies’ R&D activities also stimulates the market growth. High costs of a few advanced devices, low acceptance rates for these products in emerging economies, and low reimbursement from health insurers, however, might hinder the market growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global elderly and disabled assistive devices industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Freedom Scientific Inc.
- Medical Depot, Inc.
- GN Store Nord A/S
- Invacare Corporation (NYSE: IVC)
- Nordic Capital
- Pride Mobility Products® Corporation
- Sonova Holding AG
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region |
| Breakup by Type | Living Aids, Mobility Aids Devices, Medical furniture, Bathroom Safety Equipment |
| Breakup by End Use | Hospital, Home Care Setting, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Freedom Scientific Inc., GN Store Nord A/S, Invacare Corporation (NYSE: IVC), Nordic Capital, Pride Mobility Products® Corporation, Medical Depot, Inc., Sonova Holding AG, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Elderly and Disabled Assistive Devices Market Analysis
8.1 Key Industry Highlights
8.2 Global Elderly and Disabled Assistive Devices Historical Market (2017-2021)
8.3 Global Elderly and Disabled Assistive Devices Market Forecast (2022-2027)
8.4 Global Elderly and Disabled Assistive Devices Market by Type
8.4.1 Living Aids
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.1.4 Breakup by Type
8.4.1.4.1 Hearing Aids
8.4.1.4.2 Reading and Vision Aids
8.4.2 Mobility Aids Devices
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.2.4 Breakup by Type
8.4.2.4.1 Wheelchairs
8.4.2.4.2 Mobility Scooters
8.4.3 Medical Furniture
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.3.4 Breakup by Type
8.4.3.4.1 Medical Beds
8.4.3.4.2 Door Openers
8.4.3.4.3 Riser Reclining Chairs
8.4.3.4.4 Others
8.4.4 Bathroom Safety Equipment
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.4.4 Breakup by Type
8.4.4.4.1 Shower Chairs
8.4.4.4.2 Commode Chairs
8.4.4.4.3 Ostomy Equipment
8.4.4.4.4 Bars, Grips, and Rails
8.5 Global Elderly and Disabled Assistive Devices Market by End-use
8.5.1 Hospital
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Home Care Setting
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Others
8.6 Global Elderly and Disabled Assistive Devices Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Freedom Scientific Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 GN Store Nord A/S
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Invacare Corporation (NYSE: IVC)
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Nordic Capital
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Pride Mobility Products® Corporation
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Medical Depot, Inc.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Sonova Holding AG
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Elderly and Disabled Assistive Devices Market: Key Industry Highlights, 2017 and 2027
2. Global Elderly and Disabled Assistive Devices Historical Market: Breakup by Type (USD Billion), 2017-2021
3. Global Elderly and Disabled Assistive Devices Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Elderly and Disabled Assistive Devices Historical Market: Breakup by End-use (USD Billion), 2017-2021
5. Global Elderly and Disabled Assistive Devices Market Forecast: Breakup by End-use (USD Billion), 2022-2027
6. Global Elderly and Disabled Assistive Devices Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Elderly and Disabled Assistive Devices Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Elderly and Disabled Assistive Devices Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Elderly and Disabled Assistive Devices Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Elderly and Disabled Assistive Devices Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Elderly and Disabled Assistive Devices Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Elderly and Disabled Assistive Devices Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Elderly and Disabled Assistive Devices Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Elderly and Disabled Assistive Devices Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Elderly and Disabled Assistive Devices Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Elderly and Disabled Assistive Devices Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Elderly and Disabled Assistive Devices Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Elderly and Disabled Assistive Devices Market Structure
Key Questions Answered in the Report
In 2020, the global elderly and disabled assistive devices market attained a value of nearly USD 24.15 billion.
The market is projected to grow at a CAGR of 7% between 2022 and 2027.
The major drivers of the market include the rise in geriatric and disabled population, changes in lifestyle, availability of disabled and elderly assistive devices, increased demand for assistive technologies, increasing number of producers of assistive devices investing in these technologies’, and research and development activities.
The increasing proactivity and the growing value of better health conditions are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The types are living aids, mobility aids devices, medical furniture, and bathroom safety equipment. Living aids is further divided into hearing aids and reading and vision aids whereas mobility aids devices is bifurcated into wheelchairs and mobility scooters. The medical furniture is divided into medical beds, door openers, and riser reclining chairs, among others while bathroom safety equipment is segmented into shower chairs, commode chairs, ostomy equipment, and bars, grips, and rails.
The end-uses of the market include hospital and home care setting, among others.
The major players in the industry are Freedom Scientific Inc., GN Store Nord A/S, Invacare Corporation (NYSE: IVC), Nordic Capital, Pride Mobility Products® Corporation, Medical Depot, Inc., and Sonova Holding AG, among others.
Analyst Review
The global elderly and disabled assistive devices market attained a value of nearly USD 24.15 billion in 2020, driven by the increasing proactivity and the growing value of better health conditions. Aided by changes in lifestyle and rise in the geriatric and disabled population, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 7%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The types are living aids, mobility aids devices, medical furniture, and bathroom safety equipment. Living aids is further divided into hearing aids and reading and vision aids whereas mobility aids devices is bifurcated into wheelchairs and mobility scooters. The medical furniture is divided into medical beds, door openers, and riser reclining chairs, among others while bathroom safety equipment is segmented into shower chairs, commode chairs, ostomy equipment, and bars, grips, and rails. The end-uses of the market include hospital and home care setting, among others. The major regional markets for elderly and disabled assistive devices market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Freedom Scientific Inc., GN Store Nord A/S, Invacare Corporation (NYSE: IVC), Nordic Capital, Pride Mobility Products® Corporation, Medical Depot, Inc., and Sonova Holding AG, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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