PUBLISHER: Grand View Research | PRODUCT CODE: 1321427
PUBLISHER: Grand View Research | PRODUCT CODE: 1321427
The global bathroom and toilet assist devices market size is expected to reach USD 8.23 billion by 2030, registering a CAGR of 6.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increase in the geriatric population, disabilities caused by accidents and diseases, and favorable government policies can be attributed to the growth of this market. The prevalence of diseases such as arthritis and osteoporosis disease that highly impact an individual's movement is also expected to drive the demand for bathroom and toilet assist devices. According to statistics presented by U.S. Centers for Disease Control and Prevention (CDC), 58.5 million people in the U.S. have doctor-diagnosed arthritis which limits their daily activities.
The rapid advancement in technology and increasing accessibility of these products can further boost the growth of this market. Over the years, the use of online methods to buy products has increased significantly which provides more comfort during the buying process and increases access of disabled individuals to these products. Moreover, the key players in this market are focusing on adding more innovative products to their portfolios and promoting them. This can increase awareness regarding these products and drive their demand.
Governments across the world are also emphasizing on disabled-friendly spaces to prevent discrimination against people with disabilities. For instance, the Americans with Disabilities Act (ADA) requires businesses to install handicapped bathrooms and signs to make these spaces more accessible to them. Such initiatives can further increase the demand for bathroom and toilet assist devices over the forecast period.
The impact of the COVID-19 pandemic was also observed on the market. As older people, who are more susceptible to infections, were restricted to their homes, the demand for these devices increased. However, disruptions on the supply side due to production and distribution restrictions negatively impacted the market growth.