Elderly Care Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids), By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others), By Region and Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationElderly Care Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids), By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others), By Region and Competition
The global elderly care devices market is anticipated to observe impressive growth during the forecast period, 2024-2028. The major factors include widespread incidence of musculoskeletal conditions, such as osteoarthritis, psoriatic arthritis, rheumatoid arthritis, ankylosing spondylitis, osteopenia, osteoporosis, and growing advancements in the technology are bolstering the growth of the market.
Rise in Prevalence of Chronic Diseases
Increasing Investments and Several Initiatives will Foster the Market Growth
Increasing Aging Population Encourages the Market Growth
Recent Developments
- Owing to the overworkedcare staff, SARA (Social & Autonomous Robotic health Assistant), aninnovation started by the robotic system is used as an assistant which improvesthe elderly care in hospitals and nursing homes. Also, it improves the qualityof life of elderly residents.
- In 2020, Essence Group, providerof IoT-based telecare solutions for older people, has launched a newUK-specific telecare solution set, which includes multiple communicationchannels such as fall detection, activity monitoring, and outdoor monitoring tomeet unique needs of old age people in the UK.
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Market Segmentation
In terms of country, the United States is expected to be a lucrative market in the forecast period due to the rise in number of elderly patients suffering from chronic diseases in the country.
Market Players
Sonova Holding AG, William Demant Holding A/S., GN Resound Group, Koninklijke Philips N.V., Medtronic Plc., OttoBock Healthcare GmbH, Investor AB (Permobil AB), Stryker Corporation, Invacare Corporation, Getinge AB (Arjo), Medical Depot, Inc., Prism Medical UK, Etac AB, Handicare Group AB, and Bischoff & Bischoff GmbH
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume Units and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends |
| Segments covered | · Product · End User · Region |
| Regional scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; China; India; Japan; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; South Africa; Egypt; Turkey; |
| Key companies profiled | Sonova Holding AG, William Demant Holding A/S., GN Resound Group, Koninklijke Philips N.V., Medtronic Plc., OttoBock Healthcare GmbH, Investor AB (Permobil AB), Stryker Corporation, Invacare Corporation, Getinge AB (Arjo), Medical Depot, Inc., Prism Medical UK, Etac AB, Handicare Group AB, and Bischoff & Bischoff GmbH |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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