Elder Care Services and Assistive Devices: Global Markets
Report Scope
This report explains critical trends in the elder care services and assistive devices market. The market analysis covers factors that serve as either motivating or inhibiting forces, offering valuable insights to stakeholders and potential new entrants. This study looks at research and development (R&D) spending, increasing competition and new technologies that are giving direction to the market. These advancements, new product launches and government programs will influence future market growth. The report also addresses company mergers, acquisition strategies and collaborations. Furthermore, it examines the strengths and weaknesses associated with each strategy type, considering emerging technologies, increased competition and evolving customer preferences. The market analysis focuses on elder care services and assistive devices.
Report Includes
This report explains critical trends in the elder care services and assistive devices market. The market analysis covers factors that serve as either motivating or inhibiting forces, offering valuable insights to stakeholders and potential new entrants. This study looks at research and development (R&D) spending, increasing competition and new technologies that are giving direction to the market. These advancements, new product launches and government programs will influence future market growth. The report also addresses company mergers, acquisition strategies and collaborations. Furthermore, it examines the strengths and weaknesses associated with each strategy type, considering emerging technologies, increased competition and evolving customer preferences. The market analysis focuses on elder care services and assistive devices.
Report Includes
- 26 data tables and 26 additional tables
- An analysis of the global markets for elder care services and assistive medical devices
- Analyses of the global market trends, with market revenue data for 2022, estimates for 2023, forecasts for 2024, and projected CAGRs through 2029
- Estimate of the current market size and revenue growth prospects, along with a market share analysis by device type, service type, end user, and region
- Facts and figures pertaining to the market drivers, opportunities and challenges, emerging technologies, regulations and the impact of various macroeconomic factors
- Overview of sustainability trends and ESG developments in the industry, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
- An analysis of recent patents
- A look at the competitive landscape, including companies’ market shares, M&A activity and venture funding
- Profiles of the leading companies, including Brookdale Senior Living Inc., Sunrise Medical, Invacare Corp., Lifeline (a Philips company), and Atria Senior Living Inc.
CHAPTER 1 EXECUTIVE SUMMARY
Market Outlook
Scope of Report
Market Summary
CHAPTER 2 MARKET OVERVIEW
Overview
Vulnerability Among Older Population
Comon Health Conditions Associated with Aging
Healthcare and Aging
Elderly Living with Chronic Health Conditions
The Global Environment
Government Legislation and Programs Aimed at the Elderly
Elder Care Services
Elder Care Assistive Devices
CHAPTER 3 MARKET DYNAMICS
Overview
Market Drivers
Aging Population
Growing Need for Home Healthcare for the Elderly
Prevalence of Chronic Diseases
Technological Advancements
Government Initiatives and Policies
Rising Healthcare Costs
Increasing Awareness among the People
Market Restraints
Cost and Affordability
Reimbursement Challenges
Skilled Workforce Shortage
Market Opportunities
Remote Monitoring and Telehealth
Caregiver Support and Education
CHAPTER 4 REGULATORY LANDSCAPE
Regulatory Landscape
The U.S.
European Union (EU)
CHAPTER 5 EMERGING TECHNOLOGIES AND DEVELOPMENTS
Newest Technologies / Key Developments
Artificial Intelligence (AI)
Smart Homes and Wearables
Telehealth and Remote Monitoring
Virtual and Augmented Reality (VR/AR)
Patent Analysis
CHAPTER 6 MARKET SEGMENTATION ANALYSIS
Key Market Trends
Segmental Breakdown
Elder Care Services and Assistive Devices: Global Markets
Market Analysis, by Service
Institutional Care
Home Healthcare
Adult Day Services
Market Analysis, by Type of Device
Mobility Aids
Daily Living Aids
Access Aids
Medical/Personal Monitoring Aids
Others
Geographic Breakdown
Market Analysis, by Region
North America
Europe
Asia-Pacific
Rest of the World
CHAPTER 7 COMPETITIVE INTELLIGENCE
Global Company Ranking
Strategic Analysis
M&A and Venture Funding
CHAPTER 8 SUSTAINABILITY IN ELDER CARE SERVICES AND ASSISTIVE DEVICES: AN ESG PERSPECTIVE
Healthcare & Active Aging
Preventive & Early Inventions
Home & Community Based Care
Enabling Environment for Active Lifestyle
CHAPTER 9 APPENDIX
Methodology
Sources
Acronyms
Company Profiles
ATRIA SENIOR LIVING INC.
BROOKDALE SENIOR LIVING INC.
FIVE STAR SENIOR LIVING
INVACARE CORP.
LIFE CARE CENTERS OF AMERICA
LIFELINE
PRIDE MOBILITY PRODUCTS CORP.
SUNRISE MEDICAL
SUNRISE SENIOR LIVING
Market Outlook
Scope of Report
Market Summary
CHAPTER 2 MARKET OVERVIEW
Overview
Vulnerability Among Older Population
Comon Health Conditions Associated with Aging
Healthcare and Aging
Elderly Living with Chronic Health Conditions
The Global Environment
Government Legislation and Programs Aimed at the Elderly
Elder Care Services
Elder Care Assistive Devices
CHAPTER 3 MARKET DYNAMICS
Overview
Market Drivers
Aging Population
Growing Need for Home Healthcare for the Elderly
Prevalence of Chronic Diseases
Technological Advancements
Government Initiatives and Policies
Rising Healthcare Costs
Increasing Awareness among the People
Market Restraints
Cost and Affordability
Reimbursement Challenges
Skilled Workforce Shortage
Market Opportunities
Remote Monitoring and Telehealth
Caregiver Support and Education
CHAPTER 4 REGULATORY LANDSCAPE
Regulatory Landscape
The U.S.
European Union (EU)
CHAPTER 5 EMERGING TECHNOLOGIES AND DEVELOPMENTS
Newest Technologies / Key Developments
Artificial Intelligence (AI)
Smart Homes and Wearables
Telehealth and Remote Monitoring
Virtual and Augmented Reality (VR/AR)
Patent Analysis
CHAPTER 6 MARKET SEGMENTATION ANALYSIS
Key Market Trends
Segmental Breakdown
Elder Care Services and Assistive Devices: Global Markets
Market Analysis, by Service
Institutional Care
Home Healthcare
Adult Day Services
Market Analysis, by Type of Device
Mobility Aids
Daily Living Aids
Access Aids
Medical/Personal Monitoring Aids
Others
Geographic Breakdown
Market Analysis, by Region
North America
Europe
Asia-Pacific
Rest of the World
CHAPTER 7 COMPETITIVE INTELLIGENCE
Global Company Ranking
Strategic Analysis
M&A and Venture Funding
CHAPTER 8 SUSTAINABILITY IN ELDER CARE SERVICES AND ASSISTIVE DEVICES: AN ESG PERSPECTIVE
Healthcare & Active Aging
Preventive & Early Inventions
Home & Community Based Care
Enabling Environment for Active Lifestyle
CHAPTER 9 APPENDIX
Methodology
Sources
Acronyms
Company Profiles
ATRIA SENIOR LIVING INC.
BROOKDALE SENIOR LIVING INC.
FIVE STAR SENIOR LIVING
INVACARE CORP.
LIFE CARE CENTERS OF AMERICA
LIFELINE
PRIDE MOBILITY PRODUCTS CORP.
SUNRISE MEDICAL
SUNRISE SENIOR LIVING
LIST OF TABLES
Summary Table : Global Market for Elder Care Services and Assistive Devices, by Region, Through 2029
Table 1 : Projected Number of Older People with Dementia, by Country, 2020–2040
Table 2 : Number of Persons Aged 80 Years or Over, by Region, 2019 and 2050
Table 3 : Total Percentage of the Elderly Population, by Country, 2020 –2022
Table 4 : U.S. Patents Granted for Elderly Assistive Devices, 2021–2024
Table 5 : Global Market for Elder Care Services and Assistive Devices, Through 2029
Table 6 : Global Market for Elder Care Services and Assistive Devices, by Segment, Through 2029
Table 7 : Global Market for Elder Care Services, by Type of Service, Through 2029
Table 8 : Representative List of Home Healthcare Agencies
Table 9 : Average Costs of Adult Day Care, by U.S. State, 2024
Table 10 : Global Market for Elder Care Assistive Devices, by Type of Device, Through 2029
Table 11 : Global Market for Elder Care Services and Assistive Devices, by Region, Through 2029
Table 12 : North American Market for Elder Care Services and Assistive Devices, by Country, Through 2029
Table 13 : European Market for Elder Care Services and Assistive Devices, by Country, Through 2029
Table 14 : Asia-Pacific Market for Elder Care Services and Assistive Devices, by Country, Through 2029
Table 15 : RoW Market for Elder Care Services and Assistive Devices, by Country, Through 2029
Table 16 : Global Market Rankings of Elder Care Services and Assistive Devices, 2023
Table 17 : Report Sources
Table 18 : Acronyms Used in Elder Care Services and Assistive Devices Market
Table 19 : Atria Senior Living Inc.: Company Snapshot
Table 20 : Atria Senior Living Inc.: Product Portfolio
Table 21 : Atria Senior Living Inc.: News/Key Developments, 2023
Table 22 : Brookdale Senior Living Inc.: Company Snapshot
Table 23 : Brookdale Senior Living Inc.: Financial Performance, FY 2022 and 2023
Table 24 : Brookdale Senior Living Inc.: Product Portfolio
Table 25 : Five Star Senior Living: Company Snapshot
Table 26 : Five Star Senior Living: Elder Care Services Portfolio
Table 27 : Invacare Corp.: Company Snapshot
Table 28 : Invacare Corp.: Financial Performance, FY 2021 and 2022
Table 29 : Invacare Corp.: Product Portfolio
Table 30 : Invacare Corp.: News/Key Developments, 2021 and 2022
Table 31 : Life Care Centers of America: Company Snapshot
Table 32 : Life Care Centers of America: Product Portfolio
Table 33 : Lifeline: Company Snapshot
Table 34 : Lifeline: Product Portfolio
Table 35 : Pride Mobility Products Corp.: Company Snapshot
Table 36 : Pride Mobility Products Corp.: Product Portfolio
Table 37 : Sunrise Medical: Company Snapshot
Table 38 : Sunrise Medical: Product Portfolio
Table 39 : Sunrise Medical: News/Key Developments, 2022-2024
Table 40 : Sunrise Senior Living: Company Snapshot
Table 41 : Sunrise Senior Living: Product Portfolio
Summary Table : Global Market for Elder Care Services and Assistive Devices, by Region, Through 2029
Table 1 : Projected Number of Older People with Dementia, by Country, 2020–2040
Table 2 : Number of Persons Aged 80 Years or Over, by Region, 2019 and 2050
Table 3 : Total Percentage of the Elderly Population, by Country, 2020 –2022
Table 4 : U.S. Patents Granted for Elderly Assistive Devices, 2021–2024
Table 5 : Global Market for Elder Care Services and Assistive Devices, Through 2029
Table 6 : Global Market for Elder Care Services and Assistive Devices, by Segment, Through 2029
Table 7 : Global Market for Elder Care Services, by Type of Service, Through 2029
Table 8 : Representative List of Home Healthcare Agencies
Table 9 : Average Costs of Adult Day Care, by U.S. State, 2024
Table 10 : Global Market for Elder Care Assistive Devices, by Type of Device, Through 2029
Table 11 : Global Market for Elder Care Services and Assistive Devices, by Region, Through 2029
Table 12 : North American Market for Elder Care Services and Assistive Devices, by Country, Through 2029
Table 13 : European Market for Elder Care Services and Assistive Devices, by Country, Through 2029
Table 14 : Asia-Pacific Market for Elder Care Services and Assistive Devices, by Country, Through 2029
Table 15 : RoW Market for Elder Care Services and Assistive Devices, by Country, Through 2029
Table 16 : Global Market Rankings of Elder Care Services and Assistive Devices, 2023
Table 17 : Report Sources
Table 18 : Acronyms Used in Elder Care Services and Assistive Devices Market
Table 19 : Atria Senior Living Inc.: Company Snapshot
Table 20 : Atria Senior Living Inc.: Product Portfolio
Table 21 : Atria Senior Living Inc.: News/Key Developments, 2023
Table 22 : Brookdale Senior Living Inc.: Company Snapshot
Table 23 : Brookdale Senior Living Inc.: Financial Performance, FY 2022 and 2023
Table 24 : Brookdale Senior Living Inc.: Product Portfolio
Table 25 : Five Star Senior Living: Company Snapshot
Table 26 : Five Star Senior Living: Elder Care Services Portfolio
Table 27 : Invacare Corp.: Company Snapshot
Table 28 : Invacare Corp.: Financial Performance, FY 2021 and 2022
Table 29 : Invacare Corp.: Product Portfolio
Table 30 : Invacare Corp.: News/Key Developments, 2021 and 2022
Table 31 : Life Care Centers of America: Company Snapshot
Table 32 : Life Care Centers of America: Product Portfolio
Table 33 : Lifeline: Company Snapshot
Table 34 : Lifeline: Product Portfolio
Table 35 : Pride Mobility Products Corp.: Company Snapshot
Table 36 : Pride Mobility Products Corp.: Product Portfolio
Table 37 : Sunrise Medical: Company Snapshot
Table 38 : Sunrise Medical: Product Portfolio
Table 39 : Sunrise Medical: News/Key Developments, 2022-2024
Table 40 : Sunrise Senior Living: Company Snapshot
Table 41 : Sunrise Senior Living: Product Portfolio
LIST OF FIGURES
Summary Figure : Global Market Shares of Elder Care Services and Assistive Devices, by Region, 2023
Figure 1 : Market Dynamics of Elder Care Services and Assistive Devices
Figure 2 : Global Market Shares of Elder Care Services and Assistive Devices, by Segment, 2023
Figure 3 : Global Market Shares of Elder Care Services, by Type of Service, 2023
Figure 4 : Global Market Shares of Elder Care Assistive Devices, by Type of Device, 2023
Figure 5 : Global Market Shares of Elder Care Services and Assistive Devices, by Region, 2023
Figure 6 : North American Market Shares of Elder Care Services and Assistive Devices, by Country, 2023
Figure 7 : Total U.S. Population 65 Years and Over
Figure 8 : European Market Shares of Elder Care Services and Assistive Devices, by Country, 2023
Figure 9 : Asia-Pacific Market Shares of Elder Care Services and Assistive Devices, by Country, 2023
Figure 10 : RoW Market Shares of Elder Care Services and Assistive Devices, by Region, 2023
Figure 11 : Brookdale Senior Living Inc.: Revenue Shares, by Business Unit, FY 2023
Figure 12 : Invacare Corp.: Revenue Shares, by Business Unit, FY 2022
Figure 13 : Invacare Corp.: Revenue Shares, by Country/Region, FY 2022
Summary Figure : Global Market Shares of Elder Care Services and Assistive Devices, by Region, 2023
Figure 1 : Market Dynamics of Elder Care Services and Assistive Devices
Figure 2 : Global Market Shares of Elder Care Services and Assistive Devices, by Segment, 2023
Figure 3 : Global Market Shares of Elder Care Services, by Type of Service, 2023
Figure 4 : Global Market Shares of Elder Care Assistive Devices, by Type of Device, 2023
Figure 5 : Global Market Shares of Elder Care Services and Assistive Devices, by Region, 2023
Figure 6 : North American Market Shares of Elder Care Services and Assistive Devices, by Country, 2023
Figure 7 : Total U.S. Population 65 Years and Over
Figure 8 : European Market Shares of Elder Care Services and Assistive Devices, by Country, 2023
Figure 9 : Asia-Pacific Market Shares of Elder Care Services and Assistive Devices, by Country, 2023
Figure 10 : RoW Market Shares of Elder Care Services and Assistive Devices, by Region, 2023
Figure 11 : Brookdale Senior Living Inc.: Revenue Shares, by Business Unit, FY 2023
Figure 12 : Invacare Corp.: Revenue Shares, by Business Unit, FY 2022
Figure 13 : Invacare Corp.: Revenue Shares, by Country/Region, FY 2022
