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Aug 16, 2023
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The global elder care services & assistive devices market is projected to be valued at USD 1,020.00 Billion by 2027, according to a current analysis by Emergen Research. Elderly care services and assistive devices are witnessing high demand, which can be attributed to growing elderly population. The number of individuals aged 65 years or above worldwide is estimated to grow from about 524 million in 2010 to around 1.5 billion by 2050 and developing countries would account for a majority of this increase in elderly population. A significant rise in life expectancy is leading to growth of geriatric population. This, in turn, would propel the elder care services & assistive devices market during the forecast period.
Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Elder Care Services & Assistive Devices industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Elder Care Services & Assistive Devices industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Elder Care Services & Assistive Devices industry.
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Competitive Outlook: The leading companies operating in the Elder Care Services & Assistive Devices market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Elder Care Services & Assistive Devices Market and Profiled in the Report are:
Invacare Corporation, Ai Squared, Siemens Healthineers, Sonova Holding AG, Cochlear Limited, Brookdale Senior Living, Extendicare Inc., Genesis HealthCare, Pride Mobility Products Corporation, GN Resound Group
Objectives of the Report:
Study of the global Elder Care Services & Assistive Devices market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Elder Care Services & Assistive Devices market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Elder Care Services & Assistive Devices market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Elder Care Services & Assistive Devices market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
Offering Outlook (Revenue, USD Billion; 2017–2027)
Others
Shower Rooms
Commode Chairs
Ostomy Devices
Bars, Grips & Rails
Bathroom Safety Equipment
Assistive Beds
Door Openers
Riser Reclining Chairs
Others
Assistive Furniture
Hearing Aids
Vision & Speech Aids
Living Aids
Wheelchairs
Mobility Scooters
Others
Services
Assisted Devices
Mobile Assistance Devices
Home Healthcare
Adult Day Services
Institutional Care
End-user Outlook (Revenue, USD Billion; 2017–2027)
Hospitals
Homecare Settings
Nursing Homes
Rehabilitation Centers
Others
Regional Outlook (Revenue, USD Billion; 2017–2027)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Saudi Arabia
UAE
Rest of MEA
Brazil
Rest of LATAM
China
Japan
South Korea
Rest of APAC
Germany
U.K.
France
BENELUX
Rest of Europe
U.S.
Canada
Mexico
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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