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    Disabled And Elderly Assistive Technologies Market Report

    Disabled And Elderly Assistive Technologies Market Report
    Report code - SR1561 Delivery - 2 Weeks
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    Disabled and Elderly Assistive Technologies Market Trends, Dynamics & Market Insights
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    Impact of COVID-19 on Disabled And Elderly Assistive Technologies Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Disabled And Elderly Assistive Technologies Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    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.

    Figure: Disabled and Elderly Assistive Technologies Market Size, 2020-2026 (USD Billion)

    Disabled-and-Elderly-Assistive-Technologies-Market-Forecast

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    What are disabled & elderly assistive technologies?

    The disabled & elderly assistive technologies consist of several devices which are aimed at providing improved quality of life and enhancing accessibility to disabled & geriatric patients. These devices can also be utilized by people who are not self-dependant. It aids the aged population to read, listen, move, and conduct other routine activities.

    Key Players

    Key players operating in the Disabled and Elderly Assistive Technologies market are-

    • 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).

    Market Dynamics

    The growth of the disabled and elderly assistive technologies market is primarily driven by expanding geriatric populace across the geographies. Increasing spending on healthcare with rising consumer awareness coupled with rising per capita disposable income is expected to propel the market growth at a significant rate during the review period. Additionally, surging demand for advanced assistive technologies based devices is likely to create lucrative opportunities for the market players during the review period.

    Segments' Analysis

    End-User Trends

    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.

    Regional Trends

    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.

    COVID-19 Impact on Disabled and Elderly Assistive Technologies Market

    The outbreak of the COVID-19 virus has affected the growth of the healthcare industry significantly. Stringent lockdown measures and restricted movement of people affected the product supply for a short period and thus, affected the market growth.

    Critical Questions Answered in the Report

    • What are the key trends in the Disabled and Elderly Assistive Technologies market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the Disabled and Elderly Assistive Technologies market?
    • What are the key strategies adopted by the major vendors to lead in the Disabled and Elderly Assistive Technologies market?
    • What is the market share of the top vendors?

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    Target Audience

    Here is the list of the group of customers that the disabled and elderly assistive technologies market hopes to have the greatest opportunity to convert-

    • Disabled and elderly assistive technologies distributors
    • Disabled and elderly assistive technologies suppliers
    • Disabled and elderly assistive technologies manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The disabled and elderly assistive technologies market is expected to witness an impressive growth of 7.7% CAGR in the coming years.

    Blue Chip Medical Products (US), Inclusive Technology (UK), Liberator (US), Permobil (US), Ex-act Dynamics B.V. (Netherlands), DynaVox (US), Jabbla (Belgium), Bausch + Lomb (US), Medline Industries, Inc. (US) and Whirlpool Corporation (US) are among the key players in the disabled and elderly assistive technologies market.

    The disabled and elderly assistive technologies market size is expected to reach USD 45.9 billion in the foreseeable future.

    The hospitals' segment is expected to register significant growth in the disabled and elderly assistive technologies market in the coming years.

    North America accounted for the largest share in the disabled and elderly assistive technologies market in 2020.

    Disabled and elderly assistive technologies distributors, Disabled and elderly assistive technologies suppliers, Disabled and elderly assistive technologies manufacturers, Logistics organizations, Government bodies are the target audience in the disabled and elderly assistive technologies market.

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