Research and Markets: Equipment for the Disabled Market Update 2014
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gt4t2q/equipment_for_the) has announced the addition of the "Equipment for the Disabled Market Update 2014" report to their offering.
“Equipment for the Disabled Market Update 2014”
This Market Update analyses the market for equipment for people with a disability in the UK. It covers mobility products and daily living aids, as well as orthotic and prosthetic devices.
The demand for equipment for people with a disability has been growing over the past few decades as the country's population ages. Disability in old age is common and older people are more likely to rely on disability equipment, such as scooters, walking frames and hearing aids. Advancements in technology in recent years have led to the emergence of more sufficient and sophisticated equipment, which is often more costly. This is another factor contributing to the increase in market value seen across the review period. The market for equipment for people with a disability in the UK is estimated to have increased by 12.4% between 2009 and 2013.
The mobility equipment sector, including daily living aids, wheelchairs and scooters, is the largest sector in the market for equipment for people with a disability, accounting for 31.3% of the market total by value in 2013. The daily living aids category is the second largest sector within mobility equipment market, and comprises hearing and speech aids. This sector accounted for 20.7% of market total in 2013, and was followed by the sector for artificial joints, limbs, eyes and other parts of the body (at 17.9%).
The latest Government Welfare Reform aims to make the benefits and tax credits system fairer and simpler, and create incentives that help to encourage more people into work, and to make total welfare savings of £18bn each year by 2014/2015; however, it is expected to have a huge impact on people receiving benefits, including those with a disability. As part of the Reform, the personal independence payment (PIP) is replacing the Disability Living Allowance (DLA). The DLA is scheduled to be phased out gradually between 2013 and 2016, and more than 3.3 million DLA claimants will be transferred to PIP. The PIP has been criticised by disability charities and organisations as being unfair, and these organisations have warned that millions of vulnerable people are at risk of losing their benefits.
The authors forecast that the market for equipment for the disabled in the UK will continue growing over the next 5 years, driven by the UK's ageing population. In 2014, the authors predict that the market will increase by 3.5%.
- Amplifon Ltd
- Biomet UK Ltd
- Corin Group PLC
- Invacare Ltd
- OttoBock Healthcare PLC
- Pride Mobility Products Ltd
- Smith and Nephew PLC
- Sunrise Medical Ltd
For more information visit http://www.researchandmarkets.com/research/gt4t2q/equipment_for_the
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.