The global elder care services & assistive devices market is projected to be valued at USD 1,020.00 Billion by 2027, according to a current analysis by Emergen Research. Elderly care services and assistive devices are witnessing high demand, which can be attributed to growing elderly population. The number of individuals aged 65 years or above worldwide is estimated to grow from about 524 million in 2010 to around 1.5 billion by 2050 and developing countries would account for a majority of this increase in elderly population. A significant rise in life expectancy is leading to growth of geriatric population. This, in turn, would propel the elder care services & assistive devices market during the forecast period.
The current COVID-19 pandemic is expected to have an effect on the growth of the Elder Care Services & Assistive Devices industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns. In the wake of the COVID-19 pandemic, several sectors of the global market have been affected, and Elder Care Services & Assistive Devices will likely be among them. Economic slowdown and dynamic changes in demand will further hinder the growth of the sector. The report covers the impact analysis of the COVID-19 pandemic on the overall Elder Care Services & Assistive Devices industry.
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Key companies operating in the Elder Care Services & Assistive Devices market include:
Invacare Corporation, Ai Squared, Siemens Healthineers, Sonova Holding AG, Cochlear Limited, Brookdale Senior Living, Extendicare Inc., Genesis HealthCare, Pride Mobility Products Corporation, GN Resound Group
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Elder Care Services & Assistive Devices market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Elder Care Services & Assistive Devices Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Elder Care Services & Assistive Devices Market Segmentation:
-
Offering Outlook (Revenue, USD Billion; 2017–2027)
- Services
- Home Healthcare
- Adult Day Services
- Institutional Care
- Assisted Devices
- Mobile Assistance Devices
- Wheelchairs
- Mobility Scooters
- Others
- Mobile Assistance Devices
- Living Aids
- Hearing Aids
- Vision & Speech Aids
- Assistive Furniture
- Assistive Beds
- Door Openers
- Riser Reclining Chairs
- Others
- Bathroom Safety Equipment
- Shower Rooms
- Commode Chairs
- Ostomy Devices
- Bars, Grips & Rails
- Others
- Services
-
End-user Outlook (Revenue, USD Billion; 2017–2027)
- Hospitals
- Homecare Settings
- Nursing Homes
- Rehabilitation Centers
- Others
-
Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
- North America
Elder Care Services & Assistive Devices Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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