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Global Elderly and Disabled Assistive Solutions Market 2019-2023 - Product Image

Global Elderly and Disabled Assistive Solutions Market 2019-2023

  • ID: 4772984
  • Report
  • Region: Global
  • 128 pages
  • TechNavio
1h Free Analyst Time

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FEATURED COMPANIES

  • Demant AS
  • Invacare Corp.
  • NOVA Medical Products
  • Sonova Holding AG
  • MORE
Several growing initiatives by governments and NGOs for promoting the awareness about physical disabilities among the people is driving the elderly and disabled assistive solutions market growth during the forecast period. In many counties, the government is taking several initiatives to promote awareness about physical disabilities among people. They are organizing various programs and camps for people with physical disabilities.

Furthermore, the rise in medical costs has made it necessary for people who are elderly or with disabilities to depend on medical insurance policies. Certain personal assistance devices such as walk-in bathtubs bath lifts, grab bars, and handheld showerheads have costly installation charges. The presence of government initiatives and medical insurance reduces the pricing pressure on assistive solutions, especially for elderly and disabled people, and thus is expected to augment the growth of the global market during the forecast period. Analysts have predicted that the elderly and disabled assistive solutions market will register a CAGR of over 8% by 2023.

Market Overview

Growing number of road accidents resulting in serious injuries

Injuries that commonly occur while playing sports, as well as those sustained in road accidents, are the two significant factors for the increasing use of mobility devices and BSE globally. These injuries can result in dislocations and fatal fractures, and patients need to undergo surgery to treat them. The rise in the number of accidents and serious injuries will fuel the growth of the global elderly and disabled assistive solutions market. These devices provide comfort and care to patients with such injuries and can help these people in performing their basic daily tasks with relative ease and safety.

High cost of solutions

Many disabled and older adults are opting for various assistive devices. However, the high price of these devices hinders their full-scale adoption, especially among middle-income and lower-income class groups. The high level of technological innovation and the extremely concentrated market scenario allow manufacturers to justify the premium pricing for advanced assistive solutions for the elderly and disabled, thus restricting the growth of the market during the forecast period.

Competitive Landscape

The market appears to be moderately fragmented, and with the presence of several companies, including Demant AS and Drive DeVilbiss Healthcare, the competitive environment is quite intense. Factors such as growing initiatives by governments and NGOs and the growing number of road accidents resulting in serious injuries will provide considerable growth opportunities to elderly and disabled assistive solutions manufacturers. Invacare Corp., NOVA Medical Products, and Sonova Holding AG. are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Demant AS
  • Invacare Corp.
  • NOVA Medical Products
  • Sonova Holding AG
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • Hearing devices - Market size and forecast 2018-2023
  • Mobility and ambulatory devices - Market size and forecast 2018-2023
  • Healthcare furniture and BSE - Market size and forecast 2018-2023
  • Vision and reading aids - Market size and forecast 2018-2023
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Asia - Market size and forecast 2018-2023
  • ROW - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Demant AS
  • Drive DeVilbiss Healthcare
  • Invacare Corp.
  • NOVA Medical Products
  • Sonova Holding AG
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of vendor positioning
PART 15: EXPLORE

List of Exhibits:
Exhibit 01: Global healthcare market
Exhibit 02: Segments of global healthcare market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Product - Market share 2018-2023 (%)
Exhibit 18: Comparison by product
Exhibit 19: Hearing devices - Market size and forecast 2018-2023 ($ billions)
Exhibit 20: Hearing devices - Year-over-year growth 2019-2023 (%)
Exhibit 21: Mobility and ambulatory devices - Market size and forecast 2018-2023 ($ billions)
Exhibit 22: Mobility and ambulatory devices - Year-over-year growth 2019-2023 (%)
Exhibit 23: Healthcare furniture and BSE - Market size and forecast 2018-2023 ($ billions)
Exhibit 24: Healthcare furniture and BSE - Year-over-year growth 2019-2023 (%)
Exhibit 25: Vision and reading aids - Market size and forecast 2018-2023 ($ billions)
Exhibit 26: Vision and reading aids - Year-over-year growth 2019-2023 (%)
Exhibit 27: Market opportunity by product
Exhibit 28: Customer landscape
Exhibit 29: Market share by geography 2018-2023 (%)
Exhibit 30: Geographic comparison
Exhibit 31: North America - Market size and forecast 2018-2023 ($ billions)
Exhibit 32: North America - Year-over-year growth 2019-2023 (%)
Exhibit 33: Europe - Market size and forecast 2018-2023 ($ billions)
Exhibit 34: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 35: Asia - Market size and forecast 2018-2023 ($ billions)
Exhibit 36: Asia - Year-over-year growth 2019-2023 (%)
Exhibit 37: ROW - Market size and forecast 2018-2023 ($ billions)
Exhibit 38: ROW - Year-over-year growth 2019-2023 (%)
Exhibit 39: Key leading countries
Exhibit 40: Market opportunity
Exhibit 41: Impact of drivers and challenges
Exhibit 42: Individuals using internet worldwide 2011-2016 (% of global population)
Exhibit 43: Vendor landscape
Exhibit 44: Landscape disruption
Exhibit 45: Vendors covered
Exhibit 46: Vendor classification
Exhibit 47: Market positioning of vendors
Exhibit 48: Demant AS - Vendor overview
Exhibit 49: Demant AS - Business segments
Exhibit 50: Demant AS - Organizational developments
Exhibit 51: Demant AS - Geographic focus
Exhibit 52: Demant AS - Segment focus
Exhibit 53: Demant AS - Key offerings
Exhibit 54: Drive DeVilbiss Healthcare - Vendor overview
Exhibit 55: Drive DeVilbiss Healthcare - Product segments
Exhibit 56: Drive DeVilbiss Healthcare - Organizational developments
Exhibit 57: Drive DeVilbiss Healthcare - Key offerings
Exhibit 58: Invacare Corp. - Vendor overview
Exhibit 59: Invacare Corp. - Business segments
Exhibit 60: Invacare Corp. - Organizational developments
Exhibit 61: Invacare Corp. - Geographic focus
Exhibit 62: Invacare Corp. - Segment focus
Exhibit 63: Invacare Corp. - Key offerings
Exhibit 64: NOVA Medical Products - Vendor overview
Exhibit 65: NOVA Medical Products - Product segments
Exhibit 66: NOVA Medical Products - Key offerings
Exhibit 67: Sonova Holding AG - Vendor overview
Exhibit 68: Sonova Holding AG - Business segments
Exhibit 69: Sonova Holding AG - Organizational developments
Exhibit 70: Sonova Holding AG - Geographic focus
Exhibit 71: Sonova Holding AG - Segment focus
Exhibit 72: Sonova Holding AG - Key offerings
Exhibit 73: Validation techniques employed for market sizing
Exhibit 74: Definition of vendor positioning
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Demant AS
  • Invacare Corp.
  • NOVA Medical Products
  • Sonova Holding AG
  • MORE
The analyst recognizes the following companies as the key players in the global elderly and disabled assistive solutions market: Demant AS, Drive DeVilbiss Healthcare, Invacare Corp., NOVA Medical Products, and Sonova Holding AG.

Commenting on the report, an analyst from the team said: “The latest trend gaining momentum in the market is the increasing online retail sales.”

According to the report, one of the major drivers for this market is the growing number of disabled and aged people.

Further, the report states that one of the major factors hindering the growth of this market is the high cost of solutions.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Demant AS
  • Drive DeVilbiss Healthcare
  • Invacare Corp.
  • NOVA Medical Products
  • Sonova Holding AG
Note: Product cover images may vary from those shown
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