The average life expectancy in humans has considerably
increased over the decades with advancements in medical sciences. With rising
number of older adults, there has been a considerable increase in instance of
chronic diseases, disability and resulting mobility. These adults require
assistive devices to be able to perform their routine everyday activities. The
activities of daily living can be categorized as instrumental activities of
daily living (IADLs) and personal activities of daily living (PADLs). IADLs
refer to activities such as meal preparation, using a telephone, taking
medication, traveling away from home and other such activities. PADLs include
tasks that are essentially necessary for daily living such as feeding,
dressing, bathing, moving or transferring, going to the toilet and other such
basic activities. Instrumental activities are more complicated and require
domestic or community assistance.
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Assistive devices broaden a patient’s support base, improve
stability and balance, and redistribute from lower limbs to alleviate joint
pain or compensate for injury or weakness. The primary utility of assistive
devices is to improve independent mobility, postpone functional decline, and
decrease the burden of care on care givers. The patients who use assistive
devices exhibit improved confidence and feeling of safety which leads to
independence and increased level of activeness. Different assistive devices are
used by geriatrics such as canes, crutches, walkers, rollators, wheelchairs,
hearing aids and many such devices. Selection of a suitable device has to be
done carefully considering the patient’s endurance, strength, cognitive
function, balance and environmental demands. Canes help in redistributing weight
from lower extremities that are painful or weak, improve stability and deliver
tactile information about surface of the ground in order to improve balance.
Crutches assist patients who have to use their arms for bearing weight and
propulsion. A walker improves stability in those patients who suffer from
weakness in lower extremities or poor balance due to weakness. Clinicians
routinely examine and evaluate their patients’ assistive devices in order to
ensure proper fit, height, maintenance and they counsel these patients on how
to use these devices efficiently.
The key factor driving the growth of elderly and disabled
assistive devices market is the increasing incidence of geriatric and disabled
population across the world. According to the data revealed by the U.S.
Department of Health and Human Services, the population of elder people aged 65
years and over stood at 46.2 million in 2014 in the U.S. and this number is
poised to more than double to 98 million by 2060. With increase in the average
life expectancy due to advancements in technology and medicine, the demand for
elderly and disabled assistive devices will witness a steady growth in coming
years. However, high cost associated with certain assistive devices such as
bone anchored hearing aids (BAHA), cochlear implants, and power wheelchairs
have resulted in low adoption rate of these devices.
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Major companies in the global elderly and disabled
assistive devices market focus on product innovation and development in order
to outgrow their competitors. For instance, in 2015, Med-El received FDA
approval for its SYNCHRONY cochlear implant, the first and only cochlear
implant approved for 3.0T MRI without magnet removal. Some of the key players
operating in this market are Sonova Holdings AG, William Demant Holdings A/S,
Invacare Corporation, Sunrise Medical (US) LLC, Blue Chip Medical Products Inc.
and Freedom Scientific, Inc.
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