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ELDERLY AND DISABLED ASSISTIVE DEVICES MARKET ANALYSIS

Elderly And Disabled Assistive Devices Market, By Device Type (Medical Mobility Aids and Ambulatory Devices, Medical Furniture and Bathroom Safety Products, Hearing Aids, Vision and Reading Aids), By End User (Hospital, Home Care Settings, Nursing Homes, Assisted Living Facilities, Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

  • Published In : Jul 2024
  • Code : CMI82
  • Pages :160
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

Market Concentration and Competitive Landscape

Elderly And Disabled Assistive Devices Market Concentration By Players

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Rising Elderly Population

Elderly population, aged 65 years and above, is growing at an unprecedented rate. According to the data published by United Nations, the number of people aged 65 years or over is projected to increase from approximately 524 million in 2010 to nearly 1.5 billion in 2050 due to ongoing improvements in life expectancy and declining fertility levels. As people get older, these become more prone to age-related health issues as well as disabilities. Many people start facing difficulties in performing everyday activities such as walking, climbing stairs, bathing, dressing, eating and toileting. To help elderly individuals live independently and maintain a good quality of life, there has been huge demand for assistive devices and technologies suited for older users. Devices such as walkers, wheelchairs, prosthetics, hearing aids, medication dispensers are facilitating independent living. Home monitoring systems allowing remote patient monitoring are also gaining popularity. With ageing populations in both developed and developing nations continuing to expand dramatically, requirements for elderly assistive solutions show no signs of slowing down in the coming decades.

Key Players Insights
  • AI Squared
  • Drive Medical
  • GN Resound Group
  • Invacare
  • Nordic Capital
  • Pride Mobility Products Corporation
  • Siemens Ltd.
  • Sonova Holding AG
  • Starkey hearing technologies
  • William Demant Holding A/S
  • GF Health Products, Inc.
  • Magic Mobility Ltd.
  • MEYRA GmbH
  • Audina Hearing Instruments, Inc.
  • Handicare Group AB
  • Enabling Technologies

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