Elderly and Disabled Assistive Devices Market Size to Worth Around US$ 35,599 Million by 2026

October 13, 2021

Elderly and Disabled Assistive

Increase in geriatric and disabled population, emerging untapped economies, rapid technological advancements in assistive devices

PORTLAND, OREGON, UNITED STATES, October 13, 2021 /EINPresswire.com/ -- According to the report by Allied Market Research, titled, "Elderly and Disabled Assistive Devices Market by Type (Living Aids, Mobility Assistive Devices, Bathroom Safety Equipment, and Medical Furniture): Global Opportunity Analysis and Industry Forecast, 2019–2026". The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

The global elderly and disabled assistive devices market was estimated at $23 billion in 2018, and is expected to hit $35.59 billion by 2026, registering a CAGR of 5.5% from 2019–2026.

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Rise in geriatric and disabled population and high disposable income of baby boomers propel the growth of the global elderly and disabled assistive devices market. On the other hand, high cost of medical devices and low reimbursement from medical insurers hamper the growth to certain extent. However, high-end technological advancements in assistive devices are expected to create a number of lucrative opportunities for the key players in the industry.

Mobility aids devices segment to manifest fastest growth by 2026

The mobility aids devices segment is estimated to register the fastest CAGR of 6.5% during the forecast period. Moreover, the segment held the largest share in 2018, contributing more than one-fourth of the market, owing to surge in developments in mobility assistive device technology, rise in disabled & geriatric population requiring mobility assistance, and increase in number of accidents. The report includes analysis of the other segments such as living aids, bathroom safety equipment, and medical furniture.

Comprehensive competitive analysis and profiles of major market players, such as

AI Squared
Invacare
GN Resound Group
Pride Mobility Products Corporation
Nordic Capital (Sunrise Medical LLC)
Sonova Holding AG
Siemens Ltd.
William Demant Holding A/S
Starkey hearing technologies

Key Benefits For Stakeholders:

• The study provides an in-depth analysis of the Elderly and Disabled Assistive Devices Market along with the current trends and future estimations to elucidate the imminent investment pockets.

• It offers Elderly and Disabled Assistive Devices Market analysis from 2020 to 2026, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.

• A comprehensive analysis of four regions is provided to determine the prevailing opportunities.

• The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global Elderly and Disabled Assistive Devices Market growth.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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