Global Elderly and Disabled Assistive Devices Market - Trends and Forecast 2014 - 2024

Global Elderly and Disabled Assistive
Devices Market - Trends and Forecast 2014 –
2024
Elderly and Disabled Assist Devices Market to surpass US$ 26.0 Billion by
2024
The global elderly and disabled assist devices market was valued at US$ 14,109.1
million in 2015 and is projected to expand at a CAGR of 7.4% during the forecast
period (2016– 2024), according to a new report. Rapidly aging population in Asia
and Latin America is a major factor propelling demand for elderly and disabled
assist devices.
Global Elderly and Disabled Assistive Devices Market, By End User (Hospital,
Home Care Settings), By Device Type (Medical Mobility Aids and Ambulatory
Devices, Medical Furniture and Bathroom Safety Products, Hearing Aids, Vision
and Reading Aids), and By Geography - Trends and Forecast 2014 – 2024
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Elderly and disabled population are dependent, to a great extent, on other people or
devices that support them in their day-to-day activities such as locomotion, proper
vision and hearing, and more importantly safety while performing these activities.
Assistive devices provide greater independence to elderly and disabled population
in performing their tasks, which can otherwise be a tedious task. Assistive devices
such as ambulatory aids, hearing aids, braille translators, and text-to-speech readers
enhances accessibility and convenience for disabled people.
Market Dynamics:
Aging upturns the dependency on others or assistive devices, for daily activities
and living quality life. According to a report published in March 2016 by the U.S.
Census Bureau, the share of world population aged 65 years and above is projected
to increase from 8.5% in 2015 to 12% by 2030 and further increase to 16.7% by
2050. The report also states that the population in Asia and Latin America are
rapidly aging. Japan is touted to be the oldest major country worldwide, with
26.6% of its population being aged 65 years and above in 2015. Therefore, demand
for elderly assist devices such as hearing aids, reading aids and locomotive
equipment (wheelchair, cranes and crutches) is projected to be high in Asia and
Latin America during the forecast period (2016– 2024).
However, the elderly and disabled assistive devices market, is witnessing intense
competition especially from regional players as they offer products at a much
cheaper rate. In order to overcome this challenge, market players are projected to
focus on strengthening their distribution network and promote sales through
strategic collaboration with distributors, hospitals, retailers and direct-toconsumers.
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Market Taxonomy:

This report segments the global elderly and disabled assistive devices market on
the basis of end use, device type and geography. The elderly and disabled assistive
devices market is classified on the basis of end-use into hospitals, home care
settings, and others. On the basis of device type, the market is segmented into
medical mobility aids and ambulatory devices, medical furniture and bathroom
safety products, hearing aids, and vision and reading aids. For comprehensive
understanding of market dynamics, the is analyzed across key geographical regions
namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle
East. Each of these regions is analyzed based on the market findings across major
countries in these regions for a macro-level understanding of the market.
Key features of the study:
1. This report provides in-depth analysis of the elderly and disabled assistive
devices and provides market size (US$ Million) and Cumulative Annual Growth
Rate (CAGR (%)) for the forecast period: 2016 – 2024, considering 2015 as the
base year
2. It elucidates potential revenue opportunity across different segments and
explains attractive investment proposition matrix for this market
3. This study also provides key insights about market drivers, restraints,
opportunities, new product launches or approval, regional outlook, and competitive
strategy adopted by the leading players
4. It profiles leading players in the global elderly and disabled assistive devices
market based on the following parameters – company overview, financial
performance, product portfolio, geographical presence, distribution strategies, key
developments and strategies and future plans
5. Key companies covered as a part of this study include Sunrise Medical LLC,
GN ReSound Group, Sonova Holding AG, Starkey Hearing Technologies, William

Demant Holding A/S, Drive Medical Design and Manufacturing, Ai Squared,
Wintriss Engineering Corporation, and Invacare Corporation
6. Insights from this report will allow marketers and the management authorities of
companies to make informed decision with respect to their future product launch,
technology upgrades, market expansion, and marketing tactics
7. The global elderly and disabled assistive devices market report caters to various
stakeholders in this industry, including investors, device manufacturers,
distributors and suppliers for elderly and disabled assistive devices, research and
consulting firms, new entrants, and financial analysts
8. Various strategy matrices used in analyzing the elderly and disabled assistive
devices market would provide stakeholders vital inputs to make strategic decisions
accordingly
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Some points from TOC:
1. Research Objective and assumption
o Research Objectives
o Assumptions
o Abbreviations
2. Market Purview
o Report Description
- Market Definition and Scope
o Executive Summary

- Market Snippet By Device Type
- Market Snippet By End-Use
- Market Snippet By Region
o Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Epidemiology/Prevalence/Incidence
- Merger and Acquisitions
- New Product Approvals/Launch
- Promotion and Marketing Initiatives
o Cost Tier Down Analysis

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