New Zealand markets closed
  • NZX 50

    11,180.01
    +89.98 (+0.81%)
     
  • NZD/USD

    0.5752
    +0.0023 (+0.41%)
     
  • ALL ORDS

    7,030.90
    +125.60 (+1.82%)
     
  • OIL

    86.37
    -0.15 (-0.17%)
     
  • GOLD

    1,728.90
    -1.60 (-0.09%)
     

Increasing Preference for Independent Lifestyle among Elderly to Favor Disabled and Elderly Assistive Technology Demand, Opines Fact.MR

·6-min read
FACT.MR
FACT.MR

Growing Geriatric Population Is Expected To Be the Major Driver for the Disabled and Elderly Assistive Technology Market over the Next Few Years

Seoul, South Korea, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Currently, the global disabled and elderly assistive technology market accounts for a value of US$ 26 million and is anticipated to expand at a CAGR of 5.8% from 2022 to 2026.

The geriatric population across the world has been witnessing a sharp increase over the past few years, which is only going to increase further over the coming years. This is expected to drive demand for geriatric assistive devices, and subsequently, propel disabled and elderly assistive technology market growth. Increasing prevalence of disability in people due to chronic diseases and rising cases of accidents is projected to further bolster disabled and elderly assistive technology market growth potential through 2026.

For Critical Insights on Disabled and Elderly Assistive Technology Market, Request a Sample Report
https://www.factmr.com/connectus/sample?flag=S&rep_id=7601

More insights on the disabled and elderly assistive technology market are assessed in this latest research by Fact.MR, a market research and competitive intelligence provider.

Disabled and elderly assistive technology providers are projected to focus on the launch of new solutions that make lives easier for the geriatric population and people with disabilities.

  • In April 2022, Honor, a San Francisco-based start-up, announced the launch of an online tool to help elderly people and their caregivers to navigate their care. The platform is claimed to be a one-stop solution for all aging-related questions and is accessible to seniors as well as their family members.

Which End User Drives High Demand for Disabled and Elderly Assistive Solutions?

“Hospitals Account for High Demand for Disabled and Elderly Assistive Technologies”

The hospitals segment is expected to account for a major market share across the forecast period. The rising number of road accidents, increasing incidence of musculoskeletal injuries, and rising rate of hospitalization are some of the prominent factors that are expected to favor the growth of this segment over the next four years.

Rising demand for mobility devices for seniors in hospitals is expected to further bolster disabled and elderly assistive technology market growth over the coming years.

The home care end-user segment is projected to witness growth at a high CAGR over the next four years. Rising popularity of home care is anticipated to supplement the demand for geriatric assistive devices, rehabilitative devices, assistive eating devices, etc.

To learn more about Disabled and Elderly Assistive Technology Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7601

Key Segments Covered in the Disabled and Elderly Assistive Technology Industry Survey

  • By Product :

    • Communication Aids

    • Mobility Assistance

    • Assistive Furniture

    • Bathroom Safety & Assistance

    • Other Products

  • By End User :

    • Hospitals

    • Assisted Living Facilities

    • Home Care

    • Elderly Nursing Homes

    • Other End Users

  • By Region :

    • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia & Oceania

    • MEA

Winning Strategy

Disabled and elderly assistive technology providers are expected to increase their investments in product development to improve the ergonomics of their products. Market players are also expected to focus on the integration of advanced technologies in their products to increase their sales potential.

Get Customization on Disabled and Elderly Assistive Technology Market Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=7601

Key players in the Disabled and Elderly Assistive Technology Market

  • Blue Chip Medical Products Inc.

  • Drive Medical

  • GN Hearing A/S

  • Inclusive Technology Ltd.

  • Invacare Corporation

  • MED-EL

  • NORDIC CAPITAL (Sunrise Medical LLC)

  • Liberator Ltd.

  • Permobil AB

Key Takeaways from Disabled and Elderly Assistive Technology Market Study

  • The global disabled and elderly assistive technology market stands at a valuation of US$ 26 billion.

  • From 2022 to 2026, demand for disabled and elderly assistive technology is set to rise at 5.8% CAGR.

  • By 2026, the market is expected to account for a revenue total of US$ 32.5 billion.

  • Increasing geriatric population, rising number of disabled people, growing incidence of accidents, increasing popularity of independent lifestyles, and rapid technological advancements are expected to drive disabled and elderly assistive technology market expansion going forward.

  • At present, the United States disabled and elderly assistive technology market stands at US$ 13 billion.

  • Lack of reimbursement and high costs are expected to have a constraining effect on overall market growth over the next four years.

  • The Japan disabled and elderly assistive technology market is projected to expand at a CAGR of 4.5% across the forecast period.

Explore Fact.MR's Coverage on the Healthcare Domain-

Generic Injectables Market- Generic Injectables Market by Product Type (Large Molecule Injectables, mAb Generic Injectables, Insulin Generic Injectables), by Application (Oncology, Cardiology), by Container Type (Vials, Ampoules Premix, Prefilled syringes) by Region - Global insights 2022-2032

Drug Delivery Systems Market- Drug Delivery Systems Market Analysis by Delivery System (Intra Uterine, Pro-drug Implants, Targeted Drug Delivery), by Route of Administration (Oral, Injectable, Inhalation, Ocular, Nasal), by Application (Oncology, Urology, Diabetes), by Region - Global Insights 2022-2032

Antibody Drug Conjugates Contract Market- Antibody Drug Conjugates Contract Market by Condition Type (Myeloma, Lymphoma, Breast Cancer, Other Condition Types), Application Type (Cleavable Linker, Non-cleavable Linker), and By Region - Global Research 2022 to 2032

Drainage Bottles Market- Drainage Bottles Market Analysis by Application (Chest Drainage, Accel Evacuated, Peritoneal Drainage, Urostomy, Wound Drainage), End-use (Hospitals and Clinics, Homecare, Nursing Facilities) and by Region- 2022 to 2032

Lateral Flow Assays Market- Lateral Flow Assays Market Analysis by Product Type (Lateral Flow Readers, Digital/Mobile Readers, Benchtop Readers, Kits & Reagents), by Technique (Sandwich Assays, Competitive Assays, Multiplex Detection Assays), by Application, by End-use, and Region - Global Research 2022 to 2032

Ophthalmic Ultrasound Devices Market- Ophthalmic Ultrasound Devices Market by Product (B-Scan, A-Scan, Combined, Pachymeter, Ultrasound Bio Microscope), By Mobility (Portable, Standalone), By End Use and by Region - Global Analysis 2022 to 2032

Reprocessed Medical Devices Market- Reprocessed Medical Devices Market Analysis by Device Type (Cardiovascular Devices, General Surgery Devices, Laparoscopic Devices, Orthopedic External Fixation Devices, Gastroenterology Biopsy Forceps), by Region - Global Report 2021-2028

Coronary Stents Market- Coronary Stents Market Analysis By Product (Bare Metal Stents, Drug Eluting Stents, Bio-absorbable Stents) & Region - Global Forecast 2021 to 2028

Oligonucleotide Synthesis Market- Oligonucleotide Synthesis Market Analysis by Product (Reagents & Consumables, Equipment, Synthesized Oligonucleotides, DNA Oligonucleotides, RNA Oligonucleotides), by Application (Research, Therapeutics), by End-User & by Region - Global Insights 2022-2032

Bipolar Disorder Therapeutics Market- Bipolar Disorder Therapeutics Market Analysis by Type (Antipsychotics Drugs, Anticonvulsants, Mood Stabilizers, Antidepressant Drugs, Anti-anxiety Drugs), by Region - Global Forecast 2022-2026

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: sales@factmr.com
Tel: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter