Assistive technology refers to the any instrument, equipment, and gadget that helps disabled or elderly population to improve the quality of their life. In case of elderly people, the assisted technology helps them to reduce the dependency on caretakers. Some of the majorly preferred assisted technologies includes GPS trackers, personal alarms, telecare systems, communication aids, visual & hearing assistance, and memory aids.
MARKET DYNAMICS
Aging population and Increasing prevalence of chronic conditions amongst elderly are prominently drive the growth of the Assistive Technology for Elder Market. Moreover, growing emphasis on utilization and adoption of modern technologies to ease their lives are also anticipated to offer lucrative opportunity for the market growth. However, high cost and reluctance of devices adoption in emerging countries is expected to hamper the market growth.
MARKET SCOPE
The "Assistive Technology for Elder Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Assistive Technology for Elder Market with detailed market segmentation by type and end user. The Assistive Technology for Elder Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Assistive Technology for Elder Market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Assistive Technology for Elder Market is segmented on the basis of type and end user. On the basis of type, the market is segmented as living aids devices, mobility devices, medical furniture, and bathroom safety equipment. Living aids devices is further sub-segmented as hearing aids and visual aids. Based on mobility devices, the market is further sub-segmented as wheelchairs and mobility scooters. Medical furniture segment is further sub-segmented as medical beds, door openers, and others. Bathroom safety equipment segment is further sub-segmented as shower chairs, commodes, ostomy products, and others. Based on end user, the market segmented as hospital, home care settings, and old age homes.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Assistive Technology for Elder Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Assistive Technology for Elder Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Assistive Technology for Elder Market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Assistive Technology for Elder Market in these regions.
MARKET PLAYERS
The report covers key developments in the Assistive Technology for Elder Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Assistive Technology for Elder Market are anticipated to have lucrative growth opportunities in the future with the rising demand for smart hospital beds in the global market. Below mentioned is the list of few companies engaged in the Assistive Technology for Elder Market.
The report also includes the profiles of key players in Assistive Technology for Elder Market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- AI Squared
- Drive Medical
- GN Resound Group
- Invacare
- Nordic Capital
- Pride Mobility Products Corporation
- Siemens Ltd.
- Sonova Holding AG
- Liberator Ltd.
- Inclusive Technology Ltd.
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