Stratview Research has published a new report titled “Disabled and Elderly Assistive Technologies Market” which is segmented By Product (Medical Mobility Aids and Ambulatory Devices, Assistive Furniture, Bathroom Safety, and Assistive Products, Communication Aids, Activity Monitors, Location Monitors, Others), End-User (Hospitals, Elderly Nursing Homes, Homecare, Others), and Region.
As per the study, the Disabled and Elderly Assistive Technologies market is projected to grow from USD 29.7 billion in 2020 to USD 45.9 billion by 2026 at a CAGR of around 7.7% during the forecast period.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis –
By end-user, the disabled and elderly assistive technologies market has been bifurcated into hospitals, elderly nursing homes, home care, and others. Under these, the hospitals' segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of required healthcare infrastructure and skilled healthcare staff. The product demand is expected to increase substantially in the elderly nursing homes segment.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to expanding geriatric populace and the presence of key market players such as Blue Chip Medical Products (US) and Liberator (US). The market growth in the Asia-Pacific region is expected to be driven by rising product adoption in developing countries, particularly China and India.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Disabled and Elderly Assistive Technologies Market:
- Blue Chip Medical Products (US)
- Inclusive Technology (UK)
- Liberator (US)
- Permobil (US)
- Exact Dynamics B.V. (Netherlands)
- DynaVox (US)
- Jabbla (Belgium)
- Bausch + Lomb (US)
- Medline Industries, Inc. (US)
- Whirlpool Corporation (US).
Key questions answered by the report
- What is the projected CAGR for revenue from the Disabled and Elderly Assistive Technologies Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Disabled and Elderly Assistive Technologies Market?
- Which are the major market players?
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