Elderly and Disabled Assistive Devices Market, Size, Share, Evaluation, 2021-2028

Market Overview

“The Global Elderly and Disabled Assistive Devices Market are expected to grow at a CAGR of 5.5% during the forecasting period (2021-2028)”.

Assistive devices help disabled and impaired people to move from one place to another place. They provide independence & stability and serve the requirements of the people with disabilities to perform regular activities.

Adult people, people with injuries due to accidents, physically handicapped people and people with spinal cord injuries use assistive devices.

Assistive devices include wheelchairs, scooters, canes, crutches bicycles, and unicycles. Most of these devices are used by disabled people, who have restricted mobility. These devices are designed for a single person and can be operated manually or powered by a battery.

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Market Dynamics

An increasing number of road accidents and workplace accidents are boosting elderly and disabled assistive devices market growth over the forecast period. According to the Centers for Disease Control and Prevention, Each day, almost 3,700 people are killed globally and many people are being injured in road traffic crashes involving cars, buses, motorcycles, bicycles, trucks, or pedestrians.

The increasing adult population is the major factor driving assistive devices in recent years and is expected to remain the same over the forecast period. According to World Health Organization in 2018, between 2015 and 2050, the proportion of the world’s population over 60 years will nearly double from 12% to 22%. These people require assistive devices for their daily activities.

Government initiatives undertaken for increasing accessibility of these mobility devices is driving the elderly and disabled assistive devices market. For example, in the United States, National Council on Disability runs an awareness program. This group is committed to disability policy leadership. They consider various programs, assist individuals in their daily lives, help with employment issues, housing, and transportation.

However the huge cost of these devices is hampering the global elderly and disabled assistive devices market over the forecast period.

Segmentation Analysis

By Product Type

Wheelchairs

Walking Aids

Mobility Scooters

Others

By End-User

Hospitals

Ambulatory Surgery Centers

Adult Day Care Centers

By Region

North America

South America

Europe

Asia Pacific

Middle East and Africa

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Competitive Analysis

The market is highly fragmented in nature with participants such as TOPRO, Carex Health Brand Incorporation, Drive Medical Design & Manufacturing, Invacare, Sunrise Medical, Pride mobility, Kaye Products, Electric Mobility, Briggs Healthcare, Patterson Medical, Nova, Eurovema AB, and Graham-Field Health Products Incorporation.

Companies are striving to grab market share through different strategies such as innovative products, advancements of the existing ones owing to which the competition among existing players is high.

On January 15, 2019, Hoobox launched the first wheelchair controlled by facial expressions

On January 10, 2018, WHILL launched Ci assistive personal mobility device that integrates IoT for premium care.

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