, By Product (Medical Mobility Aids and Ambulatory Devices, Assistive Furniture, Bathroom Safety, and Assistive Products, Communication Aids, Activity Monitors, Location Monitors, Others), End-User (Hospitals, Elderly Nursing Homes, Homecare, Others), and Region.
Covid-19 Impact Analysis:
Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.
According to the report, The Disabled and Elderly Assistive Technologies market is projected to grow from USD 29.7 billion in 2020 to USD 45.9 billion by 2026 at a CAGR of around 7.7% during the forecast period.
Market Segments' Analysis
By end-user, the disabled and elderly assistive technologies market has been bifurcated into hospitals, elderly nursing homes, home care, and others. Under these, the hospitals' segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of required healthcare infrastructure and skilled healthcare staff. The product demand is expected to increase substantially in the elderly nursing homes segment.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to expanding geriatric populace and the presence of key market players such as Blue Chip Medical Products (US) and Liberator (US). The market growth in the Asia-Pacific region is expected to be driven by rising product adoption in developing countries, particularly China and India.
The following are the key players in the Disabled and Elderly Assistive Technologies Market
· Blue Chip Medical Products (US)
· Inclusive Technology (UK)
· Liberator (US)
· Permobil (US)
· Exact Dynamics B.V. (Netherlands)
· DynaVox (US)
· Jabbla (Belgium)
· Bausch + Lomb (US)
· Medline Industries, Inc. (US)
Whirlpool Corporation (US).
Frequently Asked Questions –
This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:
- What is the current and future market size of Disabled and Elderly Assistive Technologies Market?
- How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
- What will be the short and long-term effects of the pandemic?
- How are other market factors affecting the market dynamics?
- Which segments offer high-growth opportunities in the long run?
- How fierce is the Disabled and Elderly Assistive Technologies Market competition?
- What are the key emerging trends and unmet needs in the present market?
- What are the strategic growth opportunities and key success factors?
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