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Elderly and Disabled Assistive Devices Market by Type: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4844570
  • Report
  • Region: Global
  • 202 pages
  • Allied Analytics LLP
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The global elderly & disabled assistive devices market size was $23,009 million in 2018 and is anticipated to reach $35,599 million by 2026, registering a CAGR of 5.5% from 2019 to 2026. Assistive devices, as the term signifies are the medical devices that assist elderly as well as disabled people to form their various basic tasks such as walking, hearing problems, vision problems, and others. The mobility aids devices include wheelchairs, scooters, and others that alleviate disabled individuals with their mobility. Moreover, there are various kinds of hearing aids that help individuals with hearing difficulties such as Behind-the-ear Aids (BTE), Receiver-in-the-Ear Aids (RITE), In-the‐Ear Aids (ITE), Bone Anchored Hearing Aids (BAHA), canal hearing aids and cochlear implants.

The global elderly and disabled assistive devices market is primarily driven by significant rise in mobility impairment disorders, lifestyle changes, and availability of a variety of disabled & elderly assistive products. In addition, considerable increase in demand for assistive devices due to rise in trend of an independent lifestyle further fuels the market growth. Furthermore, growth in the number of assistive devices manufacturers investing in the R&D activities of these technologies is estimated to boost 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 growth of the market. On the contrary, an 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 elderly & disabled assistive devices market is segmented based on type and region. Based on type, it is divided into living aids, mobility aids devices, medical furniture, and bathroom safety equipment. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS
  • This report provides an extensive analysis of the emerging trends and dynamics in the global elderly & disabled assistive devices market.
  • This study provides the landscape of the global market to predict the competitive environment across geographies.
  • This report entails the detailed quantitative analyses of the current trends and future estimations to identify the prevailing opportunities.
  • Comprehensive analyses of factors that drive and restrict the market growth is provided in the report.
  • Region- and country-wise analysis is conducted to understand the market trends and dynamics.
KEY MARKET SEGMENTS

By Type
  • Living Aids Devices
o Hearing Aids
  • Behind-the-ear Aids (BTE)
  • Receiver-in-the-Ear Aids (RITE)
  • In-the‐Ear Aids (ITE)
  • Bone Anchored Hearing Aids (BAHA)
  • Canal Hearing Aids
  • Cochlear Implants
o Reading and Vision Aids
  • Braille Translators
  • Video Magnifiers
  • Reading Machines
  • Others
  • Mobility Aids Devices
o Wheelchairs
  • Manual Wheelchairs
  • Powered Wheelchairs
o Mobility Scooters
  • Walkers & Rollators
  • Canes & Walking Sticks
  • Crutches
  • Transfer Lifts or Patient Mechanical Lift Handling
  • Door Openers
  • Others
  • Medical Furniture
o Medical Beds
o Door Openers
o Medical Furniture Accessories
o Riser Reclining Chairs
o Others
  • Bathroom Safety Equipment
o Shower Chairs
o Commodes
o Ostomy Products
o Bars, Grips, & Rails

By Region
o North America
  • U.S.
  • Canada
  • Mexico
o Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
o Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia-Pacific
o LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA
The key players profiled in this report are as follows:
  • AI Squared
  • Drive Medical.
  • GN Resound Group.
  • Invacare
  • William Demant Holding A/S
  • Nordic Capital (Sunrise Medical LLC)
  • Pride Mobility Products Corporation
  • Siemens Ltd
  • Sonova Holding AG
  • Starkey hearing technologies
The other players operating in the elderly & disabled assistive devices market include (not profiled in the report)
  • Bausch & Lomb, Inc.,
  • Inclusive Technology Ltd.
  • Liberator Ltd.
  • Tobii Dynavox
  • JABBLA B.V.B.A
  • Blue Chip Medical Type, Inc.
  • Permobil AB
  • Medline Industries, Inc.
Note: Product cover images may vary from those shown
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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. Porter’s Five Forces Analysis
3.4. Regulatory Framework
3.4.1. FDA (U.S. Food and Drug Administration)
3.4.2. Health Canada
3.4.3. CE Mark
3.5. Market Share Analysis
3.6. Market Dynamics
3.6.1. Drivers
3.6.1.1. Growth in geriatric and disabled population
3.6.1.2. High disposable income of baby boomers
3.6.1.3. Technological advancements in assistive devices
3.6.2. Restraints
3.6.2.1. High cost of medical devices
3.6.2.2. Low reimbursement from medical insurers
3.6.3. Opportunities
3.6.3.1. Emerging untapped economies

CHAPTER 4: ELDERLY AND DISABLED ASSISTIVE DEVICES MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Living Aids
4.2.1. Key market trends and opportunities
4.2.2. Market size and forecast
4.2.2.1. Hearing Aids
4.2.2.1.1. Market size and forecast
4.2.2.1.2. BTE (Behind-the-ear) Aids
4.2.2.1.2.1. Market size and forecast
4.2.2.1.3. RITE (Receiver-in-the-Ear) Aids
4.2.2.1.3.1. Market size and forecast
4.2.2.1.4. ITE (In-the? Ear) Aids
4.2.2.1.4.1. Market size and forecast
4.2.2.1.5. BAHA (Bone Anchored Hearing Aids)
4.2.2.1.5.1. Market size and forecast
4.2.2.1.6. Canal Hearing Aids
4.2.2.1.6.1. Market size and forecast
4.2.2.1.7. Cochlear Implants
4.2.2.1.7.1. Market size and forecast
4.2.2.2. Reading and Vision Aids
4.2.2.2.1. Market size and forecast
4.2.2.2.2. Braille translators
4.2.2.2.2.1. Market size and forecast
4.2.2.2.3. Video Magnifiers
4.2.2.2.3.1. Market size and forecast
4.2.2.2.4. Reading Machines
4.2.2.2.4.1. Market size and forecast
4.2.2.2.5. Others
4.2.2.2.5.1. Market size and forecast
4.3. Mobility Aids Devices
4.3.1. Key market trends
4.3.2. Growth factors and opportunities
4.3.3. Market size and forecast
4.3.4. Wheelchairs
4.3.4.1. Market size and forecast
4.3.4.2. Manual Wheelchairs
4.3.4.2.1. Market size and forecast
4.3.4.3. Powered Wheelchairs
4.3.4.3.1. Market size and forecast
4.3.5. Mobility Scooters
4.3.5.1. Market size and forecast
4.3.5.2. Walkers and Rollators
4.3.5.2.1. Market size and forecast
4.3.5.3. Crutches and Canes
4.3.5.3.1. Market size and forecast
4.3.5.4. Patient Mechanical Lift Handling
4.3.5.4.1. Market size and forecast
4.3.5.5. Others
4.3.5.5.1. Market size and forecast
4.4. Medical furniture
4.4.1. Key market trends
4.4.2. Growth factors and opportunities
4.4.3. Market size and forecast
4.4.4. Medical Beds
4.4.4.1. Market size and forecast
4.4.5. Door Openers
4.4.5.1. Market size and forecast
4.4.6. Riser Reclining Chairs
4.4.6.1. Market size and forecast
4.4.7. Others
4.4.7.1. Market size and forecast
4.5. Bathroom Safety Equipment
4.5.1. Key market trends
4.5.2. Growth factors and opportunities
4.5.3. Market size and forecast
4.5.4. Shower Chairs
4.5.4.1. Market size and forecast
4.5.5. Commode Chairs
4.5.5.1. Market size and forecast
4.5.6. Ostomy Equipment
4.5.6.1. Market size and forecast
4.5.7. Bars, Grips, and Rails
4.5.7.1. Market size and forecast

CHAPTER 5: ELDERLY AND DISABLED ASSISTIVE DEVICES MARKET, BY REGION
5.1. Overview
5.1.1. Market size and forecast
5.2. North America
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast, by product type
5.2.3.1. Market size and forecast, by living aids devices
5.2.3.2. Market size and forecast, by mobility aids devices
5.2.3.3. Market size and forecast, by medical furniture devices
5.2.3.4. Market size and forecast, by bathroom safety equipment
5.2.3.5. Market size and forecast, by country
5.2.3.5.1. U.S. market size and forecast
5.2.3.5.2. Canada market size and forecast
5.2.3.5.3. Mexico market size and forecast
5.3. Europe
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast, by product type
5.3.3.1. Market size and forecast, by living aids devices
5.3.3.2. Market size and forecast, by mobility aids devices
5.3.3.3. Market size and forecast, by medical furniture devices
5.3.3.4. Market size and forecast, by bathroom safety equipment
5.3.3.5. Market size and forecast, by country
5.3.3.5.1. Germany market size and forecast
5.3.3.5.2. France market size and forecast
5.3.3.5.3. UK market size and forecast
5.3.3.5.4. Italy market size and forecast
5.3.3.5.5. Spain market size and forecast
5.3.3.5.6. Rest of Europe market size and forecast
5.4. Asia-Pacific
5.4.1. Key market trends
5.4.2. Market size and forecast, by product
5.4.2.1. Market size and forecast, by living aids devices
5.4.2.2. Market size and forecast, by mobility aids devices
5.4.2.3. Market size and forecast, by medical furniture devices
5.4.2.4. Market size and forecast, by bathroom safety equipment
5.4.2.5. Market size and forecast by country
5.4.2.5.1. Japan market size and forecast
5.4.2.5.2. China market size and forecast
5.4.2.5.3. India market size and forecast
5.4.2.5.4. Australia market size and forecast
5.4.2.5.5. South Korea market size and forecast
5.4.2.6. Rest of Asia-Pacific market size and forecast
5.5. LAMEA
5.5.1. Key market trends
5.5.2. Key growth factors and opportunities
5.5.3. Market size and forecast, by products
5.5.3.1. Market size and forecast, by living aids devices
5.5.3.2. Market size and forecast, by mobility aids devices
5.5.3.3. Market size and forecast, by medical furniture devices
5.5.3.4. Market size and forecast, by bathroom safety equipment
5.5.3.5. Market size and forecast by country
5.5.3.5.1. Brazil market size and forecast
5.5.3.5.2. South Africa market size and forecast
5.5.3.5.3. Saudi Arabia market size and forecast
5.5.3.5.4. Rest of LAMEA market size and forecast

CHAPTER 6: COMPANY PROFILES
6.1. AI SQUARED
6.1.1. Company Overview
6.1.2. Company snapshot
6.1.3. Operating business segments
6.1.4. Product portfolio
6.1.5. Key strategic moves and developments
6.2. DRIVE MEDICAL
6.2.1. Company overview
6.2.2. Company snapshot
6.2.3. Operating business segments
6.2.4. Product portfolio
6.2.5. Key strategic moves and developments
6.3. GN RESOUND GROUP
6.3.1. Company overview
6.3.2. Company snapshot
6.3.3. Operating business segments
6.3.4. Product portfolio
6.3.5. Key strategic moves and deve9lopments
6.3.6. Business performance
6.4. INVACARE CORPORATION
6.4.1. Company overview
6.4.2. Company snapshot
6.4.3. Operating business segments
6.4.4. Product portfolio
6.4.5. Business performance
6.4.6. Key strategic moves and developments
6.5. NORDIC CAPITAL (SUNRISE MEDICAL LLC)
6.5.1. Company overview
6.5.2. Company snapshot
6.5.3. Operating business segments
6.5.4. Key strategic moves and developments
6.6. PRIDE MOBILITY PRODUCTS CORPORATION
6.6.1. Company overview
6.6.2. Company snapshot
6.6.3. Operating business segments
6.6.4. Product portfolio
6.6.5. Key strategic moves and developments
6.7. SIEMENS AG
6.7.1. Company overview
6.7.2. Company snapshot
6.7.3. Operating business segments
6.7.4. Product portfolio
6.7.5. Business performance
6.7.6. Key strategic moves and developments
6.8. SONOVA HOLDING AG
6.8.1. Company overview
6.8.2. Company snapshot
6.8.3. Operating business segments
6.8.4. Product portfolio
6.8.5. Business performance
6.8.6. Key strategic moves and developments
6.9. STARKEY HEARING TECHNOLOGIES
6.9.1. Company overview
6.9.2. Company snapshot
6.9.3. Operating business segments
6.9.4. Product portfolio
6.9.5. Key strategic moves and developments
6.10. WILLIAM DEMANT HOLDING A/S
6.10.1. Company overview
6.10.2. Company snapshot
6.10.3. Operating business segments
6.10.4. Product portfolio
6.10.5. Business performance

*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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According to the report titled,'Elderly and Disabled Assistive Devices Market by Type: Global Opportunity Analysis and Industry Forecast, 2019 - 2026,' the global elderly and disabled assistive devices market size was valued at $23,009 million in 2018 and is anticipated to reach $35,599 million by 2026, registering a CAGR of 5.5% from 2019 to 2026. By type, the mobility assistive devices segment dominated the global elderly and disabled assistive devices market share in 2018.

The elderly and disabled assistive devices constitute rehabilitative devices that provide additional accessibility to individuals with cognitive difficulties, impairments, and disabilities. These medical technologies are helpful for disabled and elderly patients as it improves quality of life and health outcomes, assists in independent living, and reduces healthcare costs by minimizing cost given to manual labors in assisting patients. Over the years, the medical technology industry has experienced tremendous growth and have developed in terms of efficiency and features. In addition, medical devices for the disabled and the elderly include all means that the non-self-dependent population can use.

The factors that drive the growth of the elderly and disabled assistive devices market include increase in the geriatric and disabled population, changes in lifestyle and accessibility of the medical type of disabled and elderly and increase in demand for medical technology owing to rise in trend of autonomous living. Furthermore, increase in the number of producers of medical devices and investing in the R&D of this technology is anticipated to propel the market growth. Moreover, rise in number of medical devices manufacturers investing in the R&D of these technologies further fuels the market growth. However, high costs for a few advanced devices, low acceptability for a few types, and low reimbursement from medical insurers are the factors that restrict the growth of the market. Moreover, the fact that individuals are becoming more proactive these days and becoming health conscious is expected to provide lucrative growth opportunities for the market growth. The mobility aids devices segment accounted for the largest share of around 30.3% share of the total market in 2018 and is anticipated to grow at the fastest CAGR of 6.5%. This is owing to the technological advancements and rise in disabled and geriatric population, requiring vision and speech & hearing assistance.

By type, mobility scooters among all mobility assistance devices generated around 30.7% share in 2018, accounting for the largest share during the forecast period. The high demand for mobile vehicles by the physically disabled patient and rise in the number of road accidents fuel the demand for mobility scooters to meet the need of day-to-day life.

Based on hearing aids segment, the bone anchored hearing aids (BAHA) segment is expected to grow at the highest CAGR of 7.7% during the forecast period. This is due to increase in demand for hearing aids and technological advancements such as the advent of miniature cosmetic hearing aids or canal hearing aids.

Key Findings of the Elderly and Disabled Assistive Devices Market:

The mobility aids devices segment contributed for nearly one-third share of the global elderly and disabled assistive devices market in 2018.
Based on living aids devices, the hearing aids segment accounted for the majority of market share.
On the basis of wheelchair, powered wheelchair segment is anticipated to grow at the fastest CAGR OF 7.1%.
North America dominated the elderly and disabled assistive devices market in 2018.

Asia-Pacific is expected to emerge as a lucrative area with maximum growth potential, owing to rapid development in healthcare infrastructure, rise in medical tourism, and growth in health awareness among the middleclass population.

The report provides a comprehensive analysis of the leading companies operating in the global elderly and disabled assistive devices market such as AI Squared, Drive Medical, GN Resound Group, Invacare, Nordic Capital (Sunrise Medical LLC), Pride Mobility Products Corporation, Siemens Ltd., Sonova Holding AG, Starkey hearing technologies, William Demant Holding A/S. The other players (not profiled in the report) include Bausch & Lomb, Inc., Inclusive Technology Ltd., Liberator Ltd., Tobii Dynavox, JABBLA B.V.B.A., Blue Chip Medical Type, Inc., Permobil AB, Medline Industries, Inc., and Whirlpool Corporation
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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