Market Size – USD 672.25 Billion in 2019, Market Growth – at a CAGR of 5.3%, Market Trends – Growing adoption of technology amongst elderly people for health management
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.
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A SWOT analysis is performed on the leading companies engaged in the Elder Care Services & Assistive Devices market to offer a better understanding of the strengths, opportunities, weaknesses, and threats of the leading companies. It also covers production and consumption rate, the volatility of prices and demands, market share, market size, global position, and market position of each player. The report also analyses key elements such as growth trends, concentration area, business expansion strategies, market reach, and other key features that offer companies insightful data to fortify their position in the Elder Care Services & Assistive Devices industry.
Key participants include: – Invacare Corporation, Ai Squared, Siemens Healthineers, Sonova Holding AG, Cochlear Limited, Brookdale Senior Living, Extendicare Inc., Genesis HealthCare, Pride Mobility Products Corporation, and GN Resound Group
Key insights presented in the report:
- Market revenue shares by major business players, by type, by application, and market scope of global Elder Care Services & Assistive Devices market
- Sales revenue by key players and new entrants
- Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
- Recent mergers, acquisitions, product launches, recent investments, and joint ventures
- Regional analysis to provide insight into recent trends and opportunities
Emergen Research has segmented the global elder care services & assistive devices market in terms of offering, end-user, and region:
- Offering Outlook (Revenue, USD Billion; 2017–2027)
- Home Healthcare
- Adult Day Services
- Institutional Care
- Assisted Devices
- Mobile Assistance Devices
- Mobility Scooters
- Living Aids
- Hearing Aids
- Vision & Speech Aids
- Assistive Furniture
- Assistive Beds
- Door Openers
- Riser Reclining Chairs
- Bathroom Safety Equipment
- Shower Rooms
- Commode Chairs
- Ostomy Devices
- Bars, Grips & Rails
- Mobile Assistance Devices
- End-user Outlook (Revenue, USD Billion; 2017–2027)
- Homecare Settings
- Nursing Homes
- Rehabilitation Centers
- 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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The report discovers market’s total sale that is generated by a particular firms over a time period. Industry experts calculate share by taking into account the product sales over a period and then dividing it by the overall sales of the Elder Care Services & Assistive Devices industry over a defined period. Subject matter experts further use this metric to offer a general idea of the share and size of a firm and its immediate rivals. By providing an in-depth knowledge of the position a company as well as an entrepreneur holds in the Elder Care Services & Assistive Devices market
Research Report on the Elder Care Services & Assistive Devices Market Addresses the Following Key Questions:
- Who are the dominant players of the Elder Care Services & Assistive Devices market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Elder Care Services & Assistive Devices market?
- What are the key growth drivers and restraining factors of the Elder Care Services & Assistive Devices market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Elder Care Services & Assistive Devices market and its key segments?
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