DUBLIN--(BUSINESS WIRE)--The "Global Disabled and Elderly Assistive Technologies Market, 2017-2025" report has been added to Research and Markets' offering.
The disabled and elderly assistive technologies market was valued at USD 19,394.7 Mn in 2017 and is expected to reach USD 46,360.0 Mn by 2025, with the market progressing at a CAGR 7% from 2017-2025.
The major factors driving disabled & elderly assistive technologies market are high disposable income of baby boomers, rising demand for disabled and elderly assistive technologies, high adoption rate of novel technologies and supportive reimbursement policies. On the other hand, the expansion of the market may be inhibited in the coming years due to rising product prices. Although more developed countries have the oldest population profiles, the vast majority of older people - and the most rapidly aging populations - are in less developed countries.
Between 2010 and 2050, the number of older people in less developed countries is projected to increase more than 250%, compared with a 71% increase in developed countries. Market experts suggest this remarkable phenomenon is being driven by decline in fertility and improvements in longevity. With fewer children entering the population and people living longer, older people are making up an increasing share of the total population.
Among the product types, communication aids segment was observed as the largest segment and is anticipated to maintain its lead during the forecast period 2016-2022. The key factors assisting the growth of communication aids product segment are high prevalence of hearing loss, rising aging population and technological advancements. High potential growths in emerging nations have opened an array of opportunities for the market.
Companies Mentioned
- Bausch & Lomb, Inc.
- Blue Chip Medical Products, Inc.
- GN ReSound Group
- Freedom Scientific, Inc.
- Permobil AB
- Invacare Corporation
- Drive DeVilbiss Healthcare
- Sunrise Medical GmbH & Co. KG
- Philips Lifeline
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Disabled and Elderly Assistive Technologies Market Analysis
Chapter 4 Global Disabled and Elderly Assistive Technologies Market Analysis, By Products
Chapter 5 Global Disabled and Elderly Assistive Technologies Market Analysis, By End-Users
Chapter 6 Global Disabled & Elderly Assistive Technologies Market, By Geography
Chapter 7 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/fvz3j5/global_disabled
