Assistive Devices Market based on Product Type (Living Aids, Mobility Aids Devices, Medical Furniture, Bathroom Safety Equipment), End-User (Hospital, Home Care Setting, Others), and Geography – Global Forecast up to 2027

July 2021 | 133 pages | ID: A04EC696EDB8EN
IHR Insights

Abstracts

The assistive devices comprise all devices that could be helpful for people who are not self-dependent. These are perfect devices that help the necessitous in listening, reading, moving, and performing their daily life activities. In addition, to do all the necessary things of life, they require the support of various devices and equipment. Assistive devices help by making life convenient, easy, and independent for both disabled and elderly patients. The Assistive Devices Market is projected to grow at the rate of 7.80% CAGR 2027. The rising population of disabled and seniors majorly contributes to the growth of the assistive devices market. Moreover, it is anticipated that by 2050 the world elderly population would reach 2000 million. Additionally, the rising government initiatives and its support to provide these devices for the huge necessitous population and the allowances and grants offered by several private bodies would further support the growth of the market. Apart from that, the high production cost and low level of acceptance for certain products impede the growth of the assistive devices market.

Assistive Devices Market based on Product Type

• Living Aids
• Mobility Aids Devices
• Medical Furniture
• Bathroom Safety Equipment

Assistive Devices Market based on End-User

• Hospital
• Home Care Setting
• Others

Assistive Devices Market based on Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

The market is segmented into Living Aids, Mobility Aids Devices, Medical Furniture, and Bathroom Safety Equipment as in the market based on product type. The mobility aids devices segment accounted for the highest share in the market. This is ascribed to the increase in mobility aids device technology advancements and increase in disabled & old populations requiring mobility assistance. Moreover, the surging incidence of accidents in the past few years and, thereby, increase in people requiring assistive mobility devices accelerates the segment growth. Additionally, increased mobility impairment disorders such as amputation, paralysis, spinal cord injury, cerebral palsy, multiple sclerosis, stroke, and others are also projected to further boost the market growth for mobility aids devices in the near future.

Further, in the market for end-user, the market is bifurcated into Hospital, Home Care Setting, and Others. The hospital segment is valued to hold a significant share in the market. This is due to the increasing incidence of accidents worldwide, a huge pool of patients in hospitals, and the rising elderly population, leading to the increasing number of assistive devices. Moreover, the hospitals have a high demand for medical beds, recliner chairs, transfer lifts, and patient's mechanical lift handling, which is also responsible for the segment growth.

In the assistive devices market among North America, Europe, Asia Pacific, and the rest of the World, the North America region has the dominating position in the market share. This is because of the growth in demand for assistive devices, increase in the elderly population, and increased emphasis on patient safety by the government.

The prominent factors driving the global assistive devices market are an increase in mobility impairment disorders, changes in the lifestyle of people, and the availability of different types of disabled and elderly assistive products. In addition, a notable increase in the demand for assistive devices due to an increase in the trend of an independent lifestyle will also fuel the global market growth.

The major leading companies of the assistive devices market are Sunrise Medical (US) LLC, Blue Chip Medical Products, Inc., Sonova Holding Ag, Inclusive Technology Ltd., Medline Industries, Inc., Invacare Corporation, Permobil AB, Siemens Ltd, Ai Squared, and Widex Ltd.

Henceforth, assistive devices have completely changed the people of the disabled and elderly by improving their daily routine activities. These devices considerably help them perform their daily activities and also helping live their lives independently without depending on others.

• This study offers a comprehensive description of driving factors restricting and challenging the assistive devices market growth.
• This research also represents the precise evaluations of future trends and changes in consumer preferences.
• Furthermore, the penetration of the assistive devices market among North America, Asia Pacific, Europe, and the Rest of the World is represented in the report.
• An in-depth analysis of the market’s competitive outlook and complete information on market competitors such as developments, research and developments, mergers, acquisitions and expansions.

Contents

1. EXECUTIVE SUMMARY

2. INDUSTRY OUTLOOK

2.1. Industry Overview
2.2. Industry Trends

3. MARKET SNAPSHOT

3.1. Market Definition
3.2. Market Outlook
  3.2.1. Porter Five Forces
3.3. Related Markets

4. MARKET CHARACTERISTICS

4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
  4.3.1. Drivers
  4.3.2. Restraints
  4.3.3. Opportunities
4.4. DRO - Impact Analysis

5. PRODUCT TYPE: MARKET SIZE & ANALYSIS

5.1. Overview
5.2. Living Aids
5.3. Mobility Aids Devices
5.4. Medical Furniture
5.5. Bathroom Safety Equipment

6. END-USER: MARKET SIZE & ANALYSIS

6.1. Overview
6.2. Hospital
6.3. Home Care Setting
6.4. Others

7. GEOGRAPHY: MARKET SIZE & ANALYSIS

7.1. Overview
7.2. North America
7.3. Europe
7.4. Asia Pacific
7.5. Rest of the World

8. COMPETITIVE LANDSCAPE

8.1. Competitor Comparison Analysis
8.2. Market Developments
  8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
  8.2.2. Product Launches and execution

9. VENDOR PROFILES

9.1. Sunrise Medical (US) LLC
  9.1.1. Overview
  9.1.2. Financial Overview
  9.1.3. Product Offerings
  9.1.4. Developments
  9.1.5. Business Strategy
9.2. Blue Chip Medical Products, Inc.
  9.2.1. Overview
  9.2.2. Financial Overview
  9.2.3. Product Offerings
  9.2.4. Developments
  9.2.5. Business Strategy
9.3. Sonova Holding Ag
  9.3.1. Overview
  9.3.2. Financial Overview
  9.3.3. Product Offerings
  9.3.4. Developments
  9.3.5. Business Strategy
9.4. Inclusive Technology Ltd.
  9.4.1. Overview
  9.4.2. Financial Overview
  9.4.3. Product Offerings
  9.4.4. Developments
  9.4.5. Business Strategy
9.5. Medline Industries, Inc.
  9.5.1. Overview
  9.5.2. Financial Overview
  9.5.3. Product Offerings
  9.5.4. Developments
  9.5.5. Business Strategy
9.6. Invacare Corporation
  9.6.1. Overview
  9.6.2. Financial Overview
  9.6.3. Product Offerings
  9.6.4. Developments
  9.6.5. Business Strategy
9.7. Permobil AB
  9.7.1. Overview
  9.7.2. Financial Overview
  9.7.3. Product Offerings
  9.7.4. Developments
  9.7.5. Business Strategy
9.8. Siemens Ltd
  9.8.1. Overview
  9.8.2. Financial Overview
  9.8.3. Product Offerings
  9.8.4. Developments
  9.8.5. Business Strategy
9.9. Ai Squared
  9.9.1. Overview
  9.9.2. Financial Overview
  9.9.3. Product Offerings
  9.9.4. Developments
  9.9.5. Business Strategy
9.10. Widex Ltd.
  9.10.1. Overview
  9.10.2. Financial Overview
  9.10.3. Product Offerings
  9.10.4. Developments
  9.10.5. Business Strategy

10. ANALYST OPINION

11. ANNEXURE

11.1. Report Scope
11.2. Market Definitions
11.3. Research Methodology
  11.3.1. Data Collation and In-house Estimation
  11.3.2. Market Triangulation
  11.3.3. Forecasting
11.4. Report Assumptions
11.5. Declarations
11.6. Stakeholders
11.7. Abbreviations

List Of Tables

LIST OF TABLES

TABLE 1. GLOBAL ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 2. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR LIVING AIDS, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 3. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR MOBILITY AIDS DEVICES, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 4. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR MEDICAL FURNITURE, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 5. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR BATHROOM SAFETY EQUIPMENT, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 6. GLOBAL ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 7. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR HOSPITAL, 2021-2027 (USD BILLION)
TABLE 8. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR HOME CARE SETTING, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 9. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2021-2027 (USD BILLION)
TABLE 10. NORTH AMERICA ASSISTIVE DEVICES MARKET VALUE, BY COUNTRY, 2021-2027 (USD BILLION)
TABLE 11. NORTH AMERICA ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 12. NORTH AMERICA ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 13. U.S ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 14. U.S ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 15. CANADA ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 16. CANADA ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 17. EUROPE ASSISTIVE DEVICES MARKET VALUE, BY COUNTRY, 2021-2027 (USD BILLION)
TABLE 18. EUROPE ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 19. EUROPE ASSISTIVE DEVICES MARKET VALUE, END-USER, 2021-2027 (USD BILLION)
TABLE 20. GERMANY ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 21. GERMANY ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 22. U.K ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 23. U.K ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 24. FRANCE ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 25. FRANCE ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 26. ITALY ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 27. ITALY ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 28. SPAIN ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 29. SPAIN ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 30. ROE ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 31. ROE ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 32. ASIA PACIFIC ASSISTIVE DEVICES MARKET VALUE, BY COUNTRY, 2021-2027 (USD BILLION)
TABLE 33. ASIA PACIFIC ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 34. ASIA PACIFIC ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 35. CHINA ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 36. CHINA ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 37. INDIA ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 38. INDIA ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 39. JAPAN ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 40. JAPAN ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 41. REST OF APAC ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 42. REST OF APAC ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 43. REST OF WORLD ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
TABLE 44. REST OF WORLD ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
TABLE 45. SUNRISE MEDICAL (US) LLC: FINANCIALS
TABLE 46. SUNRISE MEDICAL (US) LLC: PRODUCTS & SERVICES
TABLE 47. SUNRISE MEDICAL (US) LLC: RECENT DEVELOPMENTS
TABLE 48. BLUE CHIP MEDICAL PRODUCTS, INC.: FINANCIALS
TABLE 49. BLUE CHIP MEDICAL PRODUCTS, INC.: PRODUCTS & SERVICES
TABLE 50. BLUE CHIP MEDICAL PRODUCTS, INC.: RECENT DEVELOPMENTS
TABLE 51. SONOVA HOLDING AG: FINANCIALS
TABLE 52. SONOVA HOLDING AG: PRODUCTS & SERVICES
TABLE 53. SONOVA HOLDING AG: RECENT DEVELOPMENTS
TABLE 54. INCLUSIVE TECHNOLOGY LTD.: FINANCIALS
TABLE 55. INCLUSIVE TECHNOLOGY LTD.: PRODUCTS & SERVICES
TABLE 56. INCLUSIVE TECHNOLOGY LTD.: RECENT DEVELOPMENTS
TABLE 57. MEDLINE INDUSTRIES, INC.: FINANCIALS
TABLE 58. MEDLINE INDUSTRIES, INC.: PRODUCTS & SERVICES
TABLE 59. MEDLINE INDUSTRIES, INC.: RECENT DEVELOPMENTS
TABLE 60. INVACARE CORPORATION: FINANCIALS
TABLE 61. INVACARE CORPORATION: PRODUCTS & SERVICES
TABLE 62. INVACARE CORPORATION: RECENT DEVELOPMENTS
TABLE 63. PERMOBIL AB: FINANCIALS
TABLE 64. PERMOBIL AB: PRODUCTS & SERVICES
TABLE 65. PERMOBIL AB: RECENT DEVELOPMENTS
TABLE 66. SIEMENS LTD: FINANCIALS
TABLE 67. SIEMENS LTD: PRODUCTS & SERVICES
TABLE 68. SIEMENS LTD: RECENT DEVELOPMENTS
TABLE 69. AI SQUARED: FINANCIALS
TABLE 70. AI SQUARED: PRODUCTS & SERVICES
TABLE 71. AI SQUARED: RECENT DEVELOPMENTS
TABLE 72. WIDEX LTD.: FINANCIALS
TABLE 73. WIDEX LTD.: PRODUCTS & SERVICES
TABLE 74. WIDEX LTD.: RECENT DEVELOPMENTS

List Of Figures

LIST OF FIGURES

CHART. 1. GLOBAL ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 2. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR LIVING AIDS, BY GEOGRAPHY, 2021-2027 (USD BILLION)
CHART. 3. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR MOBILITY AIDS DEVICES, BY GEOGRAPHY, 2021-2027 (USD BILLION)
CHART. 4. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR MEDICAL FURNITURE, BY GEOGRAPHY, 2021-2027 (USD BILLION)
CHART. 5. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR BATHROOM SAFETY EQUIPMENT, BY GEOGRAPHY, 2021-2027 (USD BILLION)
CHART. 6. GLOBAL ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 7. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR HOSPITAL, 2021-2027 (USD BILLION)
CHART. 8. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR HOME CARE SETTING, BY GEOGRAPHY, 2021-2027 (USD BILLION)
CHART. 9. GLOBAL ASSISTIVE DEVICES MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2021-2027 (USD BILLION)
CHART. 10. NORTH AMERICA ASSISTIVE DEVICES MARKET VALUE, BY COUNTRY, 2021-2027 (USD BILLION)
CHART. 11. NORTH AMERICA ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 12. NORTH AMERICA ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 13. U.S ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 14. U.S ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 15. CANADA ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 16. CANADA ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 17. EUROPE ASSISTIVE DEVICES MARKET VALUE, BY COUNTRY, 2021-2027 (USD BILLION)
CHART. 18. EUROPE ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 19. EUROPE ASSISTIVE DEVICES MARKET VALUE, END-USER, 2021-2027 (USD BILLION)
CHART. 20. GERMANY ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 21. GERMANY ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 22. U.K ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 23. U.K ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 24. FRANCE ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 25. FRANCE ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 26. ITALY ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 27. ITALY ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 28. SPAIN ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 29. SPAIN ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 30. ROE ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 31. ROE ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 32. ASIA PACIFIC ASSISTIVE DEVICES MARKET VALUE, BY COUNTRY, 2021-2027 (USD BILLION)
CHART. 33. ASIA PACIFIC ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 34. ASIA PACIFIC ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 35. CHINA ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 36. CHINA ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 37. INDIA ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 38. INDIA ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 39. JAPAN ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 40. JAPAN ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 41. REST OF APAC ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 42. REST OF APAC ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)
CHART. 43. REST OF WORLD ASSISTIVE DEVICES MARKET VALUE, BY PRODUCT TYPE, 2021-2027 (USD BILLION)
CHART. 44. REST OF WORLD ASSISTIVE DEVICES MARKET VALUE, BY END-USER, 2021-2027 (USD BILLION)