[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Assistive Devices for Vulnerable Groups Market  By Product (Hearing & vision aids, Mobility assistive devices, Bathroom safety equipment, Medical furniture) , By End-user (Hospitals, Home care, Others) : Global Opportunity Analysis and Industry Forecast, 2024-2033

July 2024 | 280 pages | ID: AA32FD1AD19DEN
Allied Market Research

US$ 2,655.00

E-mail Delivery (PDF), Online Subscription, Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The assistive devices for vulnerable groups market was valued at $31.4 billion in 2023, and is projected t%li%reach $54.9 billion by 2033, growing at a CAGR of 5.7% from 2024 t%li%2033.

Assistive devices are adaptive and rehabilitative medical devices, ranging from mobility aids like wheelchairs and walkers t%li%communication tools such as hearing aids and speech-generating devices. These devices are designed t%li%improve independence, accessibility, and overall well-being of individuals with disabilities, those with chronic health conditions, and elderly.

The growth of the global assistive devices for vulnerable groups market is majorly driven by alarming rise in the number of individuals living with disabilities or chronic health conditions and increase in awareness of the needs of vulnerable groups along with the benefits of assistive devices. According t%li%a study published by teh World Health Organization in March 2023, approximately 1.3 billion individuals live with some form of disability, representing 16% of the global population. In addition, surge in geriatric population is a ket factor contributing toward the market growth. This is attributed t%li%the fact that aged individuals are highly susceptible t%li%disabilities due t%li%natural, age-related degenerative processes. As per the World Health Organization, the number of people aged 60 years and older was 1 billion in 2019. This number is estimated t%li%increase t%li%1.4 billion by 2030 and 2.1 billion by 2050. Thus, the number of disable individuals are estimated t%li%rise due to aging population and increase in chronic health conditions in the coming future, which, in turn, is likely t%li%boost the market growth. Furthermore, increase in healthcare expenditure and development of healthcare infrastructure in emerging economies are making assistive devices more accessible t%li%a broader population, augmenting the market growth. However, high cost associated with assistive devices, such as advanced wheelchairs, hearing aids, and home modifications, can be prohibitive for many individuals, especially in low-income settings or for those on fixed incomes, thus hampering the market growth. In addition, lack of awareness about assistive devices and their benefits acts as a key deterrent factor of the global market. Moreover, lack of appropriate health facilities t%li%meet population needs in most countries and limited access restrain the market growth. On the contrary, increase in unmet demand for mobility aids is expected t%li%offer remunerative opportunities for the growth of the global market during the forecast period. As per the estimates of the World Health Organization, the need for assistive devices will rise t%li%3.5 billion by 2050. Furthermore, innovations in technology, such as improved materials, smart devices, and AI-driven solutions, are enhancing the functionality and accessibility of assistive devices, which are expected t%li%open new avenues for the growth of the global market.

The global assistive devices for vulnerable groups market analysis is segmented int%li%product, end user, and region. Depending on product type, the market is classified int%li%hearing & vision aids, mobility assistive devices, bathroom safety equipment, and medical furniture.? As per end user, it is classified int%li%hospitals, home care, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings

Depending on product type, the mobility assistive devices dominated the market in 2023.

As per end user, homecare is likely t%li%emerge as a leading segment by 2033.

Region wise, North America held the largest market share in the terms of revenue in 2023; however, Asia-Pacific is expected t%li%witness notable growth during the forecast period.

Competition Analysis

Competitive analysis and profiles of the major players in the global assistive devices for vulnerable groups market include GN Resound Group, Starkey Hearing Technologies, Siemens AG, William Demant Holding A/S, Sonova Holding AG, AI Squared, Invacare Corporation, Drive Medical, Nordic Capital (Sunrise Medical LLC), and Pride Mobility Products Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships t%li%sustain the intense competition and gain a strong foothold in the global market.

Additional benefits you will get with this purchase are:
  • Quarterly Update and* (only available with a corporate license, on listed price)
  • 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
  • Free Upcoming Version on the Purchase of Five and Enterprise User License.
      • 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
    • 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
  • Free data Pack on the Five and Enterprise User License. (Excel version of the report)
  • Free Updated report if the report is 6-12 months old or older.
  • 24-hour priority response*
  • Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)
  • Patient/epidemiology data at country, region, global level
  • Regulatory Guidelines
    • Additional company profiles with specific t%li%client's interest
  • Additional country or region analysis- market size and forecast
  • Expanded list for Company Profiles
  • Historic market data
  • SWOT Analysis
Key Market Segments

By Product
  • Hearing vision aids
  • Mobility assistive devices
  • Bathroom safety equipment
  • Medical furniture
By End-user
  • Hospitals
  • Home care
  • Others
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • Saudi Arabia
  • Rest of LAMEA
  • Key Market Players
  • GN Resound Group
  • Starkey Hearing Technologies
  • Siemens AG
  • William Demant Holding A/S
  • Sonova Holding AG
  • AI Squared
  • Invacare Corporation
  • Drive Medical
  • Nordic Capital (Sunrise Medical Llc)
  • Pride Mobility Products Corporation.
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: BILIRUBIN METERS MARKET, BY PRODUCT

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Product
4.2. Bench-Top
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. Transcutaneous
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country

CHAPTER 5: BILIRUBIN METERS MARKET, BY INDICATION

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Indication
5.2. Jaundice
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Hepatitis
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country

CHAPTER 6: BILIRUBIN METERS MARKET, BY AGE GROUP

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Age Group
6.2. Neonatal
  6.2.1. Key Market Trends, Growth Factors and Opportunities
  6.2.2. Market Size and Forecast, By Region
  6.2.3. Market Share Analysis, By Country
6.3. Adults
  6.3.1. Key Market Trends, Growth Factors and Opportunities
  6.3.2. Market Size and Forecast, By Region
  6.3.3. Market Share Analysis, By Country

CHAPTER 7: BILIRUBIN METERS MARKET, BY END USER

7.1. Market Overview
  7.1.1 Market Size and Forecast, By End User
7.2. Hospitals And Nursing Home
  7.2.1. Key Market Trends, Growth Factors and Opportunities
  7.2.2. Market Size and Forecast, By Region
  7.2.3. Market Share Analysis, By Country
7.3. Clinics
  7.3.1. Key Market Trends, Growth Factors and Opportunities
  7.3.2. Market Size and Forecast, By Region
  7.3.3. Market Share Analysis, By Country
7.4. Others
  7.4.1. Key Market Trends, Growth Factors and Opportunities
  7.4.2. Market Size and Forecast, By Region
  7.4.3. Market Share Analysis, By Country

CHAPTER 8: BILIRUBIN METERS MARKET, BY REGION

8.1. Market Overview
  8.1.1 Market Size and Forecast, By Region
8.2. North America
  8.2.1. Key Market Trends and Opportunities
  8.2.2. Market Size and Forecast, By Product
  8.2.3. Market Size and Forecast, By Indication
  8.2.4. Market Size and Forecast, By Age Group
  8.2.5. Market Size and Forecast, By End User
  8.2.6. Market Size and Forecast, By Country
  8.2.7. U.S. Bilirubin Meters Market
    8.2.7.1. Market Size and Forecast, By Product
    8.2.7.2. Market Size and Forecast, By Indication
    8.2.7.3. Market Size and Forecast, By Age Group
    8.2.7.4. Market Size and Forecast, By End User
  8.2.8. Canada Bilirubin Meters Market
    8.2.8.1. Market Size and Forecast, By Product
    8.2.8.2. Market Size and Forecast, By Indication
    8.2.8.3. Market Size and Forecast, By Age Group
    8.2.8.4. Market Size and Forecast, By End User
  8.2.9. Mexico Bilirubin Meters Market
    8.2.9.1. Market Size and Forecast, By Product
    8.2.9.2. Market Size and Forecast, By Indication
    8.2.9.3. Market Size and Forecast, By Age Group
    8.2.9.4. Market Size and Forecast, By End User
8.3. Europe
  8.3.1. Key Market Trends and Opportunities
  8.3.2. Market Size and Forecast, By Product
  8.3.3. Market Size and Forecast, By Indication
  8.3.4. Market Size and Forecast, By Age Group
  8.3.5. Market Size and Forecast, By End User
  8.3.6. Market Size and Forecast, By Country
  8.3.7. Germany Bilirubin Meters Market
    8.3.7.1. Market Size and Forecast, By Product
    8.3.7.2. Market Size and Forecast, By Indication
    8.3.7.3. Market Size and Forecast, By Age Group
    8.3.7.4. Market Size and Forecast, By End User
  8.3.8. France Bilirubin Meters Market
    8.3.8.1. Market Size and Forecast, By Product
    8.3.8.2. Market Size and Forecast, By Indication
    8.3.8.3. Market Size and Forecast, By Age Group
    8.3.8.4. Market Size and Forecast, By End User
  8.3.9. UK Bilirubin Meters Market
    8.3.9.1. Market Size and Forecast, By Product
    8.3.9.2. Market Size and Forecast, By Indication
    8.3.9.3. Market Size and Forecast, By Age Group
    8.3.9.4. Market Size and Forecast, By End User
  8.3.10. Italy Bilirubin Meters Market
    8.3.10.1. Market Size and Forecast, By Product
    8.3.10.2. Market Size and Forecast, By Indication
    8.3.10.3. Market Size and Forecast, By Age Group
    8.3.10.4. Market Size and Forecast, By End User
  8.3.11. Spain Bilirubin Meters Market
    8.3.11.1. Market Size and Forecast, By Product
    8.3.11.2. Market Size and Forecast, By Indication
    8.3.11.3. Market Size and Forecast, By Age Group
    8.3.11.4. Market Size and Forecast, By End User
  8.3.12. Rest of Europe Bilirubin Meters Market
    8.3.12.1. Market Size and Forecast, By Product
    8.3.12.2. Market Size and Forecast, By Indication
    8.3.12.3. Market Size and Forecast, By Age Group
    8.3.12.4. Market Size and Forecast, By End User
8.4. Asia-Pacific
  8.4.1. Key Market Trends and Opportunities
  8.4.2. Market Size and Forecast, By Product
  8.4.3. Market Size and Forecast, By Indication
  8.4.4. Market Size and Forecast, By Age Group
  8.4.5. Market Size and Forecast, By End User
  8.4.6. Market Size and Forecast, By Country
  8.4.7. Japan Bilirubin Meters Market
    8.4.7.1. Market Size and Forecast, By Product
    8.4.7.2. Market Size and Forecast, By Indication
    8.4.7.3. Market Size and Forecast, By Age Group
    8.4.7.4. Market Size and Forecast, By End User
  8.4.8. China Bilirubin Meters Market
    8.4.8.1. Market Size and Forecast, By Product
    8.4.8.2. Market Size and Forecast, By Indication
    8.4.8.3. Market Size and Forecast, By Age Group
    8.4.8.4. Market Size and Forecast, By End User
  8.4.9. Australia Bilirubin Meters Market
    8.4.9.1. Market Size and Forecast, By Product
    8.4.9.2. Market Size and Forecast, By Indication
    8.4.9.3. Market Size and Forecast, By Age Group
    8.4.9.4. Market Size and Forecast, By End User
  8.4.10. India Bilirubin Meters Market
    8.4.10.1. Market Size and Forecast, By Product
    8.4.10.2. Market Size and Forecast, By Indication
    8.4.10.3. Market Size and Forecast, By Age Group
    8.4.10.4. Market Size and Forecast, By End User
  8.4.11. South Korea Bilirubin Meters Market
    8.4.11.1. Market Size and Forecast, By Product
    8.4.11.2. Market Size and Forecast, By Indication
    8.4.11.3. Market Size and Forecast, By Age Group
    8.4.11.4. Market Size and Forecast, By End User
  8.4.12. Rest of Asia-Pacific Bilirubin Meters Market
    8.4.12.1. Market Size and Forecast, By Product
    8.4.12.2. Market Size and Forecast, By Indication
    8.4.12.3. Market Size and Forecast, By Age Group
    8.4.12.4. Market Size and Forecast, By End User
8.5. LAMEA
  8.5.1. Key Market Trends and Opportunities
  8.5.2. Market Size and Forecast, By Product
  8.5.3. Market Size and Forecast, By Indication
  8.5.4. Market Size and Forecast, By Age Group
  8.5.5. Market Size and Forecast, By End User
  8.5.6. Market Size and Forecast, By Country
  8.5.7. Brazil Bilirubin Meters Market
    8.5.7.1. Market Size and Forecast, By Product
    8.5.7.2. Market Size and Forecast, By Indication
    8.5.7.3. Market Size and Forecast, By Age Group
    8.5.7.4. Market Size and Forecast, By End User
  8.5.8. Saudi Arabia Bilirubin Meters Market
    8.5.8.1. Market Size and Forecast, By Product
    8.5.8.2. Market Size and Forecast, By Indication
    8.5.8.3. Market Size and Forecast, By Age Group
    8.5.8.4. Market Size and Forecast, By End User
  8.5.9. South Africa Bilirubin Meters Market
    8.5.9.1. Market Size and Forecast, By Product
    8.5.9.2. Market Size and Forecast, By Indication
    8.5.9.3. Market Size and Forecast, By Age Group
    8.5.9.4. Market Size and Forecast, By End User
  8.5.10. Rest of LAMEA Bilirubin Meters Market
    8.5.10.1. Market Size and Forecast, By Product
    8.5.10.2. Market Size and Forecast, By Indication
    8.5.10.3. Market Size and Forecast, By Age Group
    8.5.10.4. Market Size and Forecast, By End User

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top Winning Strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top Player Positioning, 2023

CHAPTER 10: COMPANY PROFILES

10.1. APEL Co. Ltd
  10.1.1. Company Overview
  10.1.2. Key Executives
  10.1.3. Company Snapshot
  10.1.4. Operating Business Segments
  10.1.5. Product Portfolio
  10.1.6. Business Performance
  10.1.7. Key Strategic Moves and Developments
10.2. Dragerwerk AG And Co. KGaA
  10.2.1. Company Overview
  10.2.2. Key Executives
  10.2.3. Company Snapshot
  10.2.4. Operating Business Segments
  10.2.5. Product Portfolio
  10.2.6. Business Performance
  10.2.7. Key Strategic Moves and Developments
10.3. Mennen Medical Ltd
  10.3.1. Company Overview
  10.3.2. Key Executives
  10.3.3. Company Snapshot
  10.3.4. Operating Business Segments
  10.3.5. Product Portfolio
  10.3.6. Business Performance
  10.3.7. Key Strategic Moves and Developments
10.4. Micro Lab Instruments
  10.4.1. Company Overview
  10.4.2. Key Executives
  10.4.3. Company Snapshot
  10.4.4. Operating Business Segments
  10.4.5. Product Portfolio
  10.4.6. Business Performance
  10.4.7. Key Strategic Moves and Developments
10.5. Ningbo David Medical Device Co. Ltd
  10.5.1. Company Overview
  10.5.2. Key Executives
  10.5.3. Company Snapshot
  10.5.4. Operating Business Segments
  10.5.5. Product Portfolio
  10.5.6. Business Performance
  10.5.7. Key Strategic Moves and Developments
10.6. Siemens Healthineers AG
  10.6.1. Company Overview
  10.6.2. Key Executives
  10.6.3. Company Snapshot
  10.6.4. Operating Business Segments
  10.6.5. Product Portfolio
  10.6.6. Business Performance
  10.6.7. Key Strategic Moves and Developments
10.7. Micro Labs Instruments
  10.7.1. Company Overview
  10.7.2. Key Executives
  10.7.3. Company Snapshot
  10.7.4. Operating Business Segments
  10.7.5. Product Portfolio
  10.7.6. Business Performance
  10.7.7. Key Strategic Moves and Developments
10.8. AVI Healthcare Pvt Ltd
  10.8.1. Company Overview
  10.8.2. Key Executives
  10.8.3. Company Snapshot
  10.8.4. Operating Business Segments
  10.8.5. Product Portfolio
  10.8.6. Business Performance
  10.8.7. Key Strategic Moves and Developments
10.9. F. Hoffmann-La Roche Ltd.
  10.9.1. Company Overview
  10.9.2. Key Executives
  10.9.3. Company Snapshot
  10.9.4. Operating Business Segments
  10.9.5. Product Portfolio
  10.9.6. Business Performance
  10.9.7. Key Strategic Moves and Developments
10.10. Koninklijke Philips N.V.
  10.10.1. Company Overview
  10.10.2. Key Executives
  10.10.3. Company Snapshot
  10.10.4. Operating Business Segments
  10.10.5. Product Portfolio
  10.10.6. Business Performance
  10.10.7. Key Strategic Moves and Developments


More Publications