The latest trending report published by Crystal Market Research titled, Elderly and Disabled Assistive Devices System (ITS) Market, approximates that the Elderly and Disabled Assistive Devices System market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.
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.
Market Scenario:
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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Key Players:
- Sonova Holdings AG
- William Demant Holdings A/S
- Invacare Corporation
- Sunrise Medical (US) LLC
- Blue Chip Medical Products Inc.
- Freedom Scientific Inc.
Elderly and Disabled Assistive Devices Market Segmentation:
By Product:
- Mobility Aids and Medical Ambulatory Products
- Door Openers
- Wheelchairs
- Transfer Lifts
- Cranes and Crutches
- Mobility Scooters
- Walkers and Rollators
- Others
- Medical Furniture and Bathroom Safety Products
- Ostomy Products
- Medical Beds
- Bars and Railings
- Commodes and Showers Chairs
- Others
- Reading and Vision Aids
- Video Magnifiers
- Reading Machines
- Braille Translators
- Others
- Hearing Aids
- Behind-The-Ear Aids (BTE)
- In-The-Ear Aids (ITE)
- Canal Hearing Aids
- Receiver-In-The-Ear Aids (RITE)
By Region:
- North America
- Europe
- Asia-Pacific
- Rest of The World
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