Elder Care Services & Assistive Devices Market Size, Share, Industry Gr

Elder Care Services & Assistive Devices Market Size, Share, Industry Growth, Trend, Challenges, Key Companies by 2027

Market Size – USD 672.25 Billion in 2019, Market Growth – at a CAGR of 5.3%, Market Trends – Growing adoption of technology amongst elderly people for health management

vandanamanturgekar
vandanamanturgekar
10 min read

The global elder care services & assistive devices market is projected to be valued at USD 1,020.00 Billion by 2027, according to a current analysis by Emergen Research. Elderly care services and assistive devices are witnessing high demand, which can be attributed to growing elderly population. The number of individuals aged 65 years or above worldwide is estimated to grow from about 524 million in 2010 to around 1.5 billion by 2050 and developing countries would account for a majority of this increase in elderly population. A significant rise in life expectancy is leading to growth of geriatric population. This, in turn, would propel the elder care services & assistive devices market during the forecast period.

This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and Elder Care Services & Assistive Devices sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects. Thus, the report concludes with the essential market statistics presented in a tabular format to help readers get a clear idea of the global market dynamics.

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Key companies operating in the Elder Care Services & Assistive Devices market include:

Invacare Corporation, Ai Squared, Siemens Healthineers, Sonova Holding AG, Cochlear Limited, Brookdale Senior Living, Extendicare Inc., Genesis HealthCare, Pride Mobility Products Corporation, GN Resound Group

Key market aspects studied in the report:

Market Scope: The report explains the scope of various commercial possibilities in the global Elder Care Services & Assistive Devices market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Key Benefits of the Report:

Analytical data with detailed SWOT analysis and Porter’s Five Forces analysisIn-depth 8-year analysis of the Global Elder Care Services & Assistive Devices MarketCritical understanding of the key market segmentsComprehensive analysis of the drivers, restraints, trends, and opportunitiesDetailed regional analysis and extensive company profilingExtensive assessment of current and emerging trends of the marketComprehensive analysis of the competitive scenario and its changing dynamics

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Elder Care Services & Assistive Devices Market Segmentation:

Offering Outlook (Revenue, USD Billion; 2017–2027)

ServicesHome HealthcareAdult Day ServicesInstitutional CareAssisted DevicesMobile Assistance DevicesWheelchairsMobility ScootersOthersLiving AidsHearing AidsVision & Speech AidsAssistive FurnitureAssistive BedsDoor OpenersRiser Reclining ChairsOthersBathroom Safety EquipmentShower RoomsCommode ChairsOstomy DevicesBars, Grips & RailsOthers

End-user Outlook (Revenue, USD Billion; 2017–2027)

HospitalsHomecare SettingsNursing HomesRehabilitation CentersOthers

Regional Outlook (Revenue, USD Billion; 2017–2027)

North AmericaU.S.CanadaMexicoEuropeGermanyU.K.FranceBENELUXRest of EuropeAsia PacificChinaJapanSouth KoreaRest of APACLatin AmericaBrazilRest of LATAMMiddle East & AfricaSaudi ArabiaUAERest of MEA

 

Elder Care Services & Assistive Devices Market Segmentation by Regions:

North America (U.S., Canada)Europe (U.K., Italy, Germany, France, Rest of EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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