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

Regional Analysis

Elderly And Disabled Assistive Devices Market Regional Insights

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North America dominates the elderly and disabled assistive devices market with an estimated market share of 38.3% in 2024. The U.S., in particular, accounts for the bulk of demand due to country's large aging population as well as progressive policies promoting independent living for elderly and disabled individuals. Most major global players have established their headquarters and manufacturing facilities in the U.S. and Canada to effectively cater to the demands of this region. High spending power of consumers in North America allows for the affordability and widespread adoption of sophisticated assistive devices.

Asia Pacific emerges as the fastest growing market. China and Japan, with their rapidly growing senior citizen demographics, are driving the market growth. However, other emerging Asian countries with improving economic conditions and an expanding middle-class also contribute significantly to rising usage of assistive solutions. The presence of established medical device manufacturers in nations like Japan provides affordable options to consumers. Meanwhile, low-cost manufacturing hubs like China are exporting a variety of inexpensive assistive products to other global markets as well.