Disabled & Elderly Assistive Technologies Market by Product, Assistive Furniture, Bathroom Safety & Assistive Products and Communication Aids and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023 - Product Image

Disabled & Elderly Assistive Technologies Market by Product, Assistive Furniture, Bathroom Safety & Assistive Products and Communication Aids and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4368966
  • Report
  • Region: Global
  • 210 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Ai Squared
  • GN ReSound Group
  • Invacare Corporation
  • Siemens Ltd.
  • Sonova Holding AG
  • Sunrise Medical LLC.
  • MORE
The disabled & elderly assistive technologies constitute rehabilitative devices that provide additional accessibility to individuals with cognitive difficulties, impairments, and disabilities. These assistive technologies help disabled & geriatric patients to improve quality of life, health outcomes, offer solutions for independent living, and reduce healthcare costs. The global disabled & elderly assistive technologies market was valued at $22,466 million in 2016, and is anticipated to reach at $37,610 million by 2023, registering a CAGR of 7.8% from 2017 to 2023.

The global disabled & elderly assistive technologies market is driven by rise in geriatric & disabled population, lifestyle changes, availability of disabled & elderly assistive products, and increase in demand for assistive technologies due to the growth in trend of independent lifestyle. Furthermore, growth in number of assistive devices manufacturers investing in the R&D activities of these technologies fuels the market growth. However, high cost of few sophisticated products, low level of acceptance for few products, and low reimbursement from medical insurers restrain the market growth. Conversely, increase in proactiveness of people and rise in health consciousness among people are anticipated to provide lucrative growth opportunities for the market growth.

The global disabled & elderly assistive technologies market is segmented based on product, end user, and region On the basis of product type, it is categorized into mobility assistance aids (wheelchairs, mobility scooters, crutches and canes, patient mechanical lift handling, walkers & rollators, and others), assistive furniture (medical beds, riser reclining chairs, railings & bar, door openers, and others), bathroom safety & assistive products (commode chairs, shower chairs, ostomy products, and others), and communication aids (speech & writing therapy devices, hearing aids {canal hearing aids, receiver-in-the-ear (RITE) aids, cochlear implants, behind-the-ear (BTE) aids, bone anchored hearing aids (BAHA), and in-the-ear (ITE) aids}, and vision & reading aids {reading machines, video magnifiers, braille translators, and others. Based on end user, the market is classified into hospitals, elderly nursing homes, home care, and others.

Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the highest share in the market in 2016, and is expected to maintain its dominance throughout the forecast period, owing to presence of substantial number of manufacturers for assistive technologies. However, Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to the rapid development in healthcare infrastructure, rise in medical tourism, and growth in health awareness among middle-class population.

The key players operating in the market are seeking opportunity to enter the industry. Moreover, new players moving into healthcare are interdisciplinary and contribute by expanding expertise range, leveraging diversification, and augmenting production scale by providing the necessary capital.

KEY MARKET BENEFITS:

The study provides an in-depth analysis of the global disabled & elderly assistive technologies market along with the current trends and future estimations to elucidate the imminent investment pockets.
The report presents quantitative analysis of the market from 2016 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the market based on product assists to understand the trends in the industry.

Key market players and their strategies are thoroughly analyzed to understand the competitive outlook of the industry.

KEY MARKET SEGMENTS

By Product

Mobility Assistance Aids
Wheelchairs
Mobility Scooters
Crutches and Canes
Patient Mechanical Lift Handling
Walkers & Rollators
Others
Assistive Furniture
Medical Beds
Riser Reclining Chairs
Railings & Bar
Door Openers
Others
Bathroom Safety & Assistive Products
Commode Chairs
Shower Chairs
Ostomy Products
Others
Communication Aids
Speech & Writing Therapy Devices
Hearing Aids
Canal Hearing Aids
Receiver-in-the-Ear (RITE) Aids
Cochlear Implants
Behind-the-Ear (BTE) Aids
Bone Anchored Hearing Aids (BAHA)
In-the-Ear (ITE) Aids
Vision & Reading Aids
Reading Machines
Video Magnifiers
Braille Translators
Others

By End User

Hospitals
Elderly Nursing Homes
Home Care
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
Saudi Arabia
South Africa
Rest of LAMEA

KEY PLAYERS PROFILED

Sunrise Medical LLC.
GN ReSound Group
Sonova Holding AG
Starkey Hearing Technologies
William Demant Holding A/S
Drive Medical Design and Manufacturing
Ai Squared
Wintriss Engineering Corporation
Invacare Corporation
Siemens Ltd.
The other players in the value chain include (profiles not included in the report)

Bausch & Lomb, Inc.
Inclusive Technology Ltd.
Liberator Ltd.
Tobii Dynavox
JABBLA B.V.B.A.
Blue Chip Medical Products, Inc.
Permobil AB
Medline Industries, Inc.
Whirlpool Corporation
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ai Squared
  • GN ReSound Group
  • Invacare Corporation
  • Siemens Ltd.
  • Sonova Holding AG
  • Sunrise Medical LLC.
  • MORE
CHAPTER 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS
3.4. REGULATORY FRAMEWORK
3.5. TOP PLAYER POSITIONING, 2016
3.6. MARKET DYNAMICS

3.6.1. Drivers

3.6.1.1. Rise in geriatric and disabled population
3.6.1.2. Life style changes and availability of disabled & elderly assistive products
3.6.1.3. Rise in demand for assistive technologies due to the growing trend of independent lifestyle
3.6.1.4. Increase in number of assistive devices manufacturers investing in the R&D of these technologies

3.6.2. Restraints

3.6.2.1. High cost of few sophisticated product
3.6.2.2. Low level of acceptance for few products
3.6.2.3. Low reimbursement from medical insurers

3.6.3. Opportunities

3.6.3.1. Emerging untapped economies in the assistive technologies market

CHAPTER 4 DISABLED AND ELDERLY ASSISTIVE TECHNOLOGIES MARKET, BY PRODUCT

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. MOBILITY ASSISTANCE AIDS

4.2.1. Key market trends
4.2.2. Growth factors and opportunities
4.2.3. Market size and forecast
4.2.4. Wheelchairs

4.2.4.1. Market size and forecast

4.2.5. Mobility Scooters

4.2.5.1. Market size and forecast

4.2.6. Crutches and Canes

4.2.6.1. Market size and forecast

4.2.7. Patient Mechanical Lift Handling

4.2.7.1. Market size and forecast

4.2.8. Walkers and Rollators

4.2.8.1. Market size and forecast

4.2.9. Other Mobility Assistive Devices

4.2.9.1. Market size and forecast

4.3. ASSISTIVE FURNITURE

4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
4.3.4. Medical Beds

4.3.4.1. Market size and forecast

4.3.5. Riser Reclining Chairs

4.3.5.1. Market size and forecast

4.3.6. Railings and Bars

4.3.6.1. Market size and forecast

4.3.7. Door Openers

4.3.7.1. Market size and forecast

4.3.8. Other Assistive Furniture Devices

4.3.8.1. Market size and forecast

4.4. BATHROOM SAFETY AND ASSISTIVE PRODUCTS

4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size and forecast
4.4.4. Commode Chairs

4.4.4.1. Market size and forecast

4.4.5. Shower Chairs

4.4.5.1. Market size and forecast

4.4.6. Ostomy Products

4.4.6.1. Market size and forecast

4.4.7. Other Bathroom Safety and Assistive Devices

4.4.7.1. Market size and forecast

4.5. COMMUNICATION AIDS

4.5.1. Key market trends
4.5.2. Growth factors and opportunities
4.5.3. Market size and forecast
4.5.4. Speech & Writing Therapy Devices

4.5.4.1. Market size and forecast

4.5.5. Hearing Aids

4.5.5.1. Market size and forecast
4.5.5.2. Canal Hearing Aids

4.5.5.2.1. Market size and forecast

4.5.5.3. Receiver-in-the-Ear (RITE) Aids

4.5.5.3.1. Market size and forecast

4.5.5.4. Cochlear Implants

4.5.5.4.1. Market size and forecast

4.5.5.5. Behind-the-Ear (BTE) Aids

4.5.5.5.1. Market size and forecast

4.5.5.6. Bone Anchored Hearing Aids (BAHA)

4.5.5.6.1. Market size and forecast

4.5.5.7. In-the-Ear (ITE) Aids

4.5.5.7.1. Market size and forecast

4.5.6. Vision & Reading Aids

4.5.6.1. Market size and forecast
4.5.6.2. Reading Machines

4.5.6.2.1. Market size and forecast

4.5.6.3. Video Magnifiers

4.5.6.3.1. Market size and forecast

4.5.6.4. Braille Translators

4.5.6.4.1. Market size and forecast

4.5.6.5. Others Vison and Reading Aids

4.5.6.5.1. Market size and forecast

CHAPTER 5 DISABLED AND ELDERLY ASSISTIVE TECHNOLOGIES MARKET, BY END USER

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. HOSPITALS

5.2.1. Market size and forecast

5.3. ELDERLY NURSING HOMES

5.3.1. Market size and forecast

5.4. HOME CARE

5.4.1. Market size and forecast

5.5. OTHER END USERS

5.5.1. Market size and forecast

CHAPTER 6 DISABLED AND ELDERLY ASSISTIVE TECHNOLOGIES MARKET, BY GEOGRAPHY

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. NORTH AMERICA

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.2.3.1. U.S. market size and forecast
6.2.3.2. Mexico market size and forecast
6.2.3.3. Canada market size and forecast

6.3. EUROPE

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.3.3.1. UK market size and forecast
6.3.3.2. France market size and forecast
6.3.3.3. Germany market size and forecast
6.3.3.4. Italy market size and forecast
6.3.3.5. Spain market size and forecast
6.3.3.6. Rest of Europe market size and forecast

6.4. ASIA-PACIFIC

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

6.4.3.1. Japan market size and forecast
6.4.3.2. China market size and forecast
6.4.3.3. India market size and forecast
6.4.3.4. Australia market size and forecast
6.4.3.5. South Korea market size and forecast
6.4.3.6. Rest of Asia-Pacific market size and forecast

6.5. LAMEA

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast

6.5.3.1. Brazil market size and forecast
6.5.3.2. South Africa market size and forecast
6.5.3.3. Saudi Arabia market size and forecast
6.5.3.4. Rest of LAMEA market size and forecast

CHAPTER 7 COMPANY PROFILES

7.1. SUNRISE MEDICAL LLC

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Business performance
7.1.5. Key strategic moves and developments

7.2. GN RESOUND GROUP

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Business performance
7.2.5. Key strategic moves and developments

7.3. SONOVA HOLDING AG

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Business performance
7.3.5. Key strategic moves and developments

7.4. STARKEY HEARING TECHNOLOGIES

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Business performance
7.4.5. Key strategic moves and developments

7.5. WILLIAM DEMANT HOLDING A/S

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Business performance
7.5.5. Key strategic moves and developments

7.6. DRIVE MEDICAL DESIGN AND MANUFACTURING

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments

7.7. AI SQUARED

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Business performance
7.7.5. Key strategic moves and developments

7.8. WINTRISS ENGINEERING CORPORATION

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Business performance
7.8.5. Key strategic moves and developments

7.9. INVACARE CORPORATION

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Business performance
7.9.5. Key strategic moves and developments

7.10. SIEMENS LTD

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Business performance
7.10.5. Key strategic moves and developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ai Squared
  • GN ReSound Group
  • Invacare Corporation
  • Siemens Ltd.
  • Sonova Holding AG
  • Sunrise Medical LLC.
  • MORE
According to a new report titled, Disabled & Elderly Assistive Technologies Market by Product Type and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global disabled & elderly assistive technologies market was valued at $22,466 million in 2016, and is projected to reach at $37,610 million by 2023, growing at a CAGR of 7.8% from 2017 to 2023. The communication aids segment accounted for nearly one-third share of the global market in 2016.

The disabled & elderly assistive technologies provides devices that help to overcome cognitive difficulties, impairments, and disabilities in disabled & geriatric population. These technologies improve health outcomes, assist in independent living, and reduce healthcare costs by lowering cost given to manual labors in assisting patients. The market has witnessed tremendous development in the assistive technologies and have evolved in terms of both performance and characteristics. Furthermore, disabled & elderly assistive devices provide devices for the population who are not self-dependent.

The global disabled & elderly assistive technologies market is driven by rise in geriatric & disabled population, lifestyle changes, availability of disabled & elderly assistive products, and rise in demand for assistive technologies due to the growth in trend of independent lifestyle. Furthermore, increase in number of assistive devices manufacturers investing in the R&D activities of these technologies further fuels the market growth. However, high cost of few sophisticated products, low level of acceptance for few products, and low reimbursement from medical insurers restrain the market growth. Conversely, increase in proactiveness of people and rise in value to better health conditions are anticipated to provide lucrative growth opportunities for the market growth.

The communication aids segment accounted for the highest share of about one-third in the global market in 2016. This is attributed to the advancements in technology and rise in disabled & geriatric population, requiring vision, speech and hearing assistance. However, the mobility assistance segment is expected to register high CAGR of 8.9% throughout the forecast period.

The mobility scooters segment generated about one-third share in 2016, and is expected to generate the highest share during the forecast period. This is owing to the high demand for mobile vehicles by physically disabled patient and rise in number of road accidents.

The bone anchored hearing aids (BAHA) segment is expected to grow at the highest CAGR of 6.6%, owing to increase in demand for hearing aids and advancements in technology such as advent of miniature cosmetic hearing aids or canal hearing aids. The ostomy products segment accounted for a two-fifths share along with the highest revenue in 2016 in the global market, and is expected to maintain its dominance in the future.

The home care end user segment accounted for the highest revenue in 2016, accounting for more than half of the share of the global market, and is expected to maintain its dominance throughout the forecast period. This is due to the growth in demand for assistive technologies in home care to assist daily lifestyle activities. However, assisted living facilities are expected to grow rapidly throughout the forecast period.

Key Findings of the Disabled & Elderly Assistive Technologies Market Study:

Mobility assistance is anticipated to grow at the highest rate during the analysis period.
The U.S. was the major shareholder in the North America in 2016, accounting for the highest share.
The bone anchored hearing aids segment accounted for the highest CAGR of 6.6% during the forecast period.
China occupied two-ninths share of the total Asia-Pacific disabled & elderly assistive technologies market in 2016, registering a CAGR of 11.5% from 2017 to 2023.
The home care end user segment dominated the market with about half the share of overall end user market in 2016.
The mobility assistance market for wheelchairs is expected to exhibit steady growth registering a CAGR of 9.1% during the forecast period.
In 2016, Asia-Pacific and LAMEA collectively accounted for about two-ninths share of the market, and is expected to continue this trend due to increase in adoption disabled & elderly assistive technologies, specifically in China, India, and the other developing economies. In addition, rise in adoption of assistive technologies due to the growth in demand from elderly & disabled population fuel the market in Asia-Pacific.

The key players in the global disabled & elderly assistive technologies market include Sunrise Medical LLC., GN ReSound Group, Sonova Holding AG, Starkey Hearing Technologies, William Demant Holding A/S, Wintriss Engineering Corporation, Drive Medical Design and Manufacturing, Ai Squared, Invacare Corporation, Siemens Ltd., and Widex Ltd. The other prominent players in the value chain include Blue Chip Medical Products, Inc., Inclusive Technology Ltd., Liberator Ltd., and Permobil AB, Medline Industries, Inc., and Whirlpool Corporation.
Note: Product cover images may vary from those shown
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  • Sunrise Medical LLC.
  • GN ReSound Group
  • Sonova Holding AG
  • Starkey Hearing Technologies
  • William Demant Holding A/S
  • Drive Medical Design and Manufacturing
  • Ai Squared
  • Wintriss Engineering Corporation
  • Invacare Corporation
  • Siemens Ltd.
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
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