Disabled Assistive Devices Market by Investment Feasibility, Sales, Production, manufacturers, regions and cost structure and forecast to 2023
Industrial Outlook and Trend Analysis
The Elderly and Disabled Assistive Devices Market is expected to positively grow by 2023, while registering itself at a substantial compound annual growth rate (CAGR) during the forecast period. Disabled and elderly populace are reliant, to a considerable degree, on devices or other individuals that help them in their everyday exercises, for example, proper vision and hearing, locomotion, and all the more essentially wellbeing while at the same time playing out these exercises. Assistive devices offer more enhanced freedom to disabled and elderly population in carrying out daily tasks, which can generally be tedious. Assistive devices like hearing aids, ambulatory aids, braille interpreters, and text-to-speech readers’ upgrades accessibility and comfort for individuals who are disabled.
Competitive Insights:
The leading players in the market are GN Group, William Demant, Invacare, Sonova, Wintriss Engineering Corporation, Sunrise Medical LLC, Ai Squared, Starkey Laboratories and Drive Medical Design. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Drivers and Restraints:
Ascend in advancements in technology has essentially revolutionized the market for elderly and disabled devices. For example, advent of powered wheelchairs in the market has facilitated the life of patients by lessening the time and vitality required in working it physically. Moreover, cochlear implants have likewise decreased the requirement for hearing aids externally. These products are technologically advanced and are picking up acknowledgment among the objective populace therefore; interest for the same is expanding. The market is anticipated to develop at a significant CAGR over the forecast period. This development is credited to ascend in elderly and disabled populace, expanding government subsidizing and presentation of technologically enhanced products, for example, powered wheelchairs, portable reading machines, transfer lifts, implants and sensor based entryway openers.
The Elderly and Disabled Assistive Devices Market is segmented as follows-
By Device Type:
Medical Mobility Aids and Ambulatory Devices
Medical Furniture and Bathroom Safety Products
Hearing Aids
Vision and Reading Aids
By End User:
Hospitals
Home Care Settings
Others
Market Segmentation:
The Elderly and Disabled Assistive Devices Market is segmented on the basis of device type into Medical Mobility Aids and Ambulatory Devices, Medical Furniture and Bathroom Safety Products, Hearing Aids, and Vision and Reading Aids out of which the Hearing aids section accounted for the biggest share of the market in 2012 owing to the huge population suffering from hearing impairments and mobility disorders. Based on end user the market is segmented into Hospitals, Home Care Settings, and Others.
By Region:
North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
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Regional Outlook and Trend Analysis:
Geologically, the United States drives the market inferable from the way that various market players are situated in the region. Additionally, various Asian countries, for example, China, India, and Japan will encounter the most exponential improvement in the market in the coming a long time because of the rising dispensable earnings and the expanding human services changes in these countries.
Table of Contents:
Introduction
Executive Summary
Market Overview
Market Analysis by Regions
Elderly and Disabled Assistive Devices Market, By Device Type
Elderly and Disabled Assistive Devices Market, By End User
Elderly and Disabled Assistive Devices Market, By Region
Company Profiles
Global Elderly and Disabled Assistive Devices Market Competition, by Manufacturer
Elderly and Disabled Assistive Devices Market Forecast (2018-2023)
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Elderly and Disabled Assistive Devices market based on product and application. It also provides market size and forecast till 2023 for overall Elderly and Disabled Assistive Devices market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.
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