PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1324859
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1324859
Assistive Devices for Vulnerable Groups Market: Current Analysis and Forecast (2022-2028)
Assistive devices are designed to perform daily activities or tasks for individuals with disabilities, injuries, or chronic medical conditions. These devices can be used to support a person's mobility, communication, cognition, or self-care, and can range from simple aids like canes or hearing aids to more complex devices like wheelchairs or home medical equipment.
The global assistive devices for vulnerable groups market is projected to expand significantly with a CAGR of ~5.5. The assistive device helps to support both the geriatric and disabled populations and makes life convenient and independent. The rising prevalence of chronic diseases among the geriatric population is driving the market for assistive devices for vulnerable groups. For instance, World Health Organisation (WHO) 2022 report, states that by 2050, the world's population of people aged 60 years and older will double (2.1 billion). The number of persons aged 80 years or older is expected to triple between 2020 and 2050 to reach 426 million. Furthermore, the Centre For Disease Prevention and Control states that The prevalence of doctor-diagnosed arthritis is expected to increase in the coming decades. By 2040, an estimated 78.4 million adults aged 18 years and older (25.9% of the projected adult population) will have doctor-diagnosed arthritis. Moreover, advancements in technology, shifting patient preference towards a new device, government initiatives and increasing healthcare expenditure are the driving factor for the market during the forecasting period.
Based on service type, the market is segmented into mobility aids, living aids, medical furniture and bathroom safety devices. Amongst this, the mobility aids segment is expected to witness significant growth during the forecasting period. This is due to the advancement in technology in mobility aids and the rise in no. of elderly and disabled groups requiring assistive devices. Additionally, the increased mobility-impaired disorders such as paralysis, amputation, multiple sclerosis etc. requiring mobility assistive devices accelerate the growth of this segment.
Based on end-users, the market is segmented into hospitals, nursing homes, assisted living, and home care. Amongst these the hospitals, segment would experience significant growth during the forecasting period. This is due to the increasing incidents of road accidents globally and the increasing pool of patients in hospitals is fueling the growth of this segment.
For a better understanding of the market adoption of assistive devices for vulnerable groups, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (UK, Germany, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Rest of World. The Asia Pacific assistive devices for vulnerable groups market is expected to grow with a higher CAGR rate in 2021 due to the supporting government initiatives, rising healthcare expenditure, and increasing geriatric population that has augmented the prevalence of non-communicable chronic diseases. Additionally, the rising no. of road accidents is expected to drive growth in this region. For instance, according to the WHO, poor and medium-income nations account for around 93 per cent of all traffic accidents. These elements are mainly attributed towards the growth of the assistive devices for vulnerable groups market in North America over the forecasted period.
Some of the major players operating in the market include: Pride Mobility Products Corp., Sonova., Invacare Corporation., Medical Depot, Inc., Starkey Laboratories, Inc., GN Hearing, Sunrise Medical, Demant A/S, Permobil, WS Audiology A/S
TABLE OF CONTENTS
1 MARKET INTRODUCTION
- 1.1. Market Definitions
- 1.2. Main Objective
- 1.3. Stakeholders
- 1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
- 2.1. Research Process of the Assistive Device for Vulnerable Groups Market
- 2.2. Research Methodology of the Assistive Device for Vulnerable Groups Market
- 2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL CONTRACT RSEARCH ORGANISATION MARKET COVID-19 IMPACT
6 GLOBAL CONTRACT RSEARCH ORGANISATION MARKET REVENUE, 2020-2028F
7 MARKET INSIGHTS BY SERVICE TYPE
- 7.1. Mobility Aids
- 7.2. Living Aids
- 7.3. Medical Furniture
- 7.4. Bathroom Safety Devices
8 MARKET INSIGHTS BY END-USERS
- 9.1. Hospitals
- 9.2 Nursing Homes
- 9.3 Assisted Living
- 9.4 Homecare
9 MARKET INSIGHTS BY REGION
- 9.1. North America Market
- 9.1.1. U.S.
- 9.1.2. Canada
- 9.1.3. Rest of North America
- 9.2. Europe Market
- 9.2.1. UK
- 9.2.2. Gemany
- 9.2.3. France
- 9.2.4 Italy
- 9.2.5 Spain
- 9.2.8. Rest of Europe
- 9.3. Asia-Pacific Market
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. India
- 9.3.4. Rest of APAC
- 9.4. Rest of the World Assistive Device for Vulnerable Groups Market
10 ASSISTIVE DEVICE FOR VULNERABLE GROUPS MARKET DYNAMICS
- 10.1. Market Drivers
- 10.2. Market Challenges
- 10.3. Impact Analysis
11 ASSISTIVE DEVICE FOR VULNERABLE GROUPS MARKET OPPORTUNITIES
12 ASSISTIVE DEVICE FOR VULNERABLE GROUPS MARKET TRENDS
13 DEMAND AND SUPPLY-SIDE ANALYSIS
- 13.1. Demand Side Analysis
- 13.2. Supply Side Analysis
14 STRATEGIC INSIGHTS
15 COMPETITIVE SCENARIO
- 15.1 Competitive Landscape
- 15.1.1 Porters Fiver Forces Analysis
16 COMPANY PROFILED
- 16.1 Pride Mobility Products Corp.
- 16.2 Sonova.
- 16.3 Invacare Corporation.
- 16.4 Medical depot, Inc.
- 16.5 Starkey Laboratories, Inc.
- 16.6 GN Hearing,
- 16.7 Sunrise Medical
- 16.8 Demant A/S
- 16.9 Permobil
- 16.10. WS Audiology A/S
17 DISCLAIMER 1 MARKET INTRODUCTION
- 1.1. Market Definitions
- 1.2. Main Objective
- 1.3. Stakeholders
- 1.4. Limitation
2 RESEARCH METHODOLOGY OR ASSUMPTION
- 2.1. Research Process of the Assistive Device for Vulnerable Groups Market
- 2.2. Research Methodology of the Assistive Device for Vulnerable Groups Market
- 2.3. Respondent Profile
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL CONTRACT RSEARCH ORGANISATION MARKET COVID-19 IMPACT
6 GLOBAL CONTRACT RSEARCH ORGANISATION MARKET REVENUE, 2020-2028F
7 MARKET INSIGHTS BY SERVICE TYPE
- 7.1. Mobility Aids
- 7.2. Living Aids
- 7.3. Medical Furniture
- 7.4. Bathroom Safety Devices
8 MARKET INSIGHTS BY END-USERS
- 9.1. Hospitals
- 9.2 Nursing Homes
- 9.3 Assisted Living
- 9.4 Homecare
9 MARKET INSIGHTS BY REGION
- 9.1. North America Market
- 9.1.1. U.S.
- 9.1.2. Canada
- 9.1.3. Rest of North America
- 9.2. Europe Market
- 9.2.1. UK
- 9.2.2. Gemany
- 9.2.3. France
- 9.2.4 Italy
- 9.2.5 Spain
- 9.2.8. Rest of Europe
- 9.3. Asia-Pacific Market
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. India
- 9.3.4. Rest of APAC
- 9.4. Rest of the World Assistive Device for Vulnerable Groups Market
10 ASSISTIVE DEVICE FOR VULNERABLE GROUPS MARKET DYNAMICS
- 10.1. Market Drivers
- 10.2. Market Challenges
- 10.3. Impact Analysis
11 ASSISTIVE DEVICE FOR VULNERABLE GROUPS MARKET OPPORTUNITIES
12 ASSISTIVE DEVICE FOR VULNERABLE GROUPS MARKET TRENDS
13 DEMAND AND SUPPLY-SIDE ANALYSIS
- 13.1. Demand Side Analysis
- 13.2. Supply Side Analysis
14 STRATEGIC INSIGHTS
15 COMPETITIVE SCENARIO
- 15.1 Competitive Landscape
- 15.1.1 Porters Fiver Forces Analysis
16 COMPANY PROFILED
- 16.1 Pride Mobility Products Corp.
- 16.2 Sonova.
- 16.3 Invacare Corporation.
- 16.4 Medical depot, Inc.
- 16.5 Starkey Laboratories, Inc.
- 16.6 GN Hearing,
- 16.7 Sunrise Medical
- 16.8 Demant A/S
- 16.9 Permobil
- 16.10. WS Audiology A/S
17 DISCLAIMER
