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Disabled and Elderly Assistive Technologies Market Clinical Research Analysis 2021 to 2030
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https://www.nextmsc.com/report/disabled-and-elderly-assistive-technologies-market
Top Companies: Drive Medical, Drive Medical Design and Manufacturing, GN ReSound Group, Invacare Corporation, Sunrise Medical LLC., Sonova Holding AG, Starkey Hearing Technologies, AI Squared , WS Audiology, Pride Mobility Products Corporation.
Market Dynamics and Trends
Disabled & elderly assistive technologies market is immensely driven by rising disabled & elderly population around the world. According to United Nations, the global population aged 80 years or over is projected to triple between 2017 and 2050, increasing from 137 million to 425 million, which will primarily drive the market growth. Provision of government subsidies to support device accessibility and rising investments from private bodies further drives disabled & elderly assistive technologies market growth. For instance, in September 2020, WHO developed a Priority Assistive Products List (APL) to assist member states in planning policies and programs related to the provision of assistive devices.
However, high product pricing and low acceptance rate for few products might hamper the market growth. Furthermore, the rising trend of independent lifestyle and rising awareness for better health conditions are anticipated to provide ample of opportunities for disabled & elderly assistive technologies market growth.
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Market Segmentations and Scope of the Study:
The global disabled &elderly assistive technologies market share has been analyzed based on product, end user and geography. On basis of product type, disabled & elderly assistive technologies market is classified into mobility assistance aids (wheelchairs, mobility scooters, crutches & 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 disabled & elderly assistive technologies market is categorized into hospitals, elderly nursing homes, homecare, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis:
North America represents higher adoption of disabled & elderly assistive technologies because of its rising disposable income and provision of reimbursement by the government to encourage purchases. The market of Asia-Pacific is also estimated to show sustained growth due to the rising government support and upsurge in geriatric population. Also, improving healthcare infrastructure and rising awareness regarding application & availability of assistive devices will further boost the market growth.
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About Next Move Strategy Consulting:
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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