Global Bathroom & Toilet Assist Devices Market to Register 5.7% CAGR, States M&M in Its New Report Available at MarketPublishers.com
28 Apr 2016 • by Natalie Aster
LONDON – The global market for bathroom and toilet assist devices is projected to register 5.7% CAGR and to be worth USD 4.68 billion by end-2020. The major factors stimulating the market growth encompass, among others, governments’ support and incentives to make these devices available for a large customer population, a hike in the population of elderly and disabled people globally, an increased adoption rate of this convenient-to-use equipment by both the disabled population and also the caregivers.
Based on product type, the commodes sector grabs the highest share of the market. This large share is owing to the fact that people of old age and those with mobility limitations can easily use the commodes. Geography-wise, the APAC region is set to post the fastest CAGR over the forecasts period on account of the diverse factors such as expanding disabled population, increased adoption of cutting-edge technology, and surging awareness on assistive devices. The existence of a vast patient pool and booming ageing population are also stimulating market growth.
MEYRA GmbH, Bischoff & Bischoff GmbH, Prism Medical, Sunrise Medical (US) LLC., Medical Depot, Inc., Handicare, Etac AB, Patterson Medical Holdings, Inc., Ortho XXI, Pride Mobility Products Corp., Juvo Solutions, and K Care Healthcare Equipment, amid others, are the top firms operating in the industry.
New report “Bathroom & Toilet Assist Devices Market” prepared by M&M provides a deep analysis of the worldwide bathroom & toilet assist devices market, segmenting it based on product type and geography. It gives true insights on the oncoming technologies, R&D activities, and launches of novel products in the marketplace. The study offers an in-depth industry analysis covering an overview of the industry trends, a PEST analysis, and a supply chain analysis. The study reviews the emerging and high-growth segments, rapidly growing regions and countries with their respective policies and regulations, investment decisions, government incentives, etc. The report casts light on the market dynamics, examining factors driving and hindering market growth, as well as key challenges and bright opportunities. The report canvasses the competitive scene and incorporates company profiles of top 18 players along with their market shares. Additionally, granular market forecasts to 2020 are at hand in the study.
More studies by our market research partner can be found at M&M page.