Main Content start here

Report Description

The global elderly care devices market is anticipated to observe impressive growth during the forecast period, 2024-2028. The major factors include widespread incidence of musculoskeletal conditions, such as osteoarthritis, psoriatic arthritis, rheumatoid arthritis, ankylosing spondylitis, osteopenia, osteoporosis, and growing advancements in the technology are bolstering the growth of the market. Elderly care devices are devices which are used for planning healthcare management and coordinating care of the senior citizens. These products provide comfort in daily activities of older age people, and also deliver them with long-term care needs, which in turn improve their quality of life. The other factors supporting the market’s growth are, increase in healthcare expenditure, rising awareness regarding geriatric care devices, substantial rise of investment in the research and development activities, growing disabilities, surging number of the manufacturers, increasing spending on health and wellness, rising inclination towards homecare services, and rise in number of elderly people suffering chronic diseases such as diabetes, heart strokes, among others.

Rise in Prevalence of Chronic Diseases

Growing incidences of chronic diseases such as diabetes, cancer, osteoporosis, and others among population, is strengthening the growth of the market. These devices help them to facilitate their daily living such as use of powered wheelchair can help elderly people to live independently. The decline in agility and slow reflexes of old age people make them prone to injuries and falls even at homes, therefore, need for elderly care devices is surging in the country. For instance, according to the NCD Alliance, more than one third of the European population aged 15 or above suffer from chronic disease and two out of three people at age 60 and above suffer from least two chronic conditions.

Increasing Investments and Several Initiatives will Foster the Market Growth

Heavy investments by investors for the growing demand for elderly care devices are augmenting the growth of the market. These increasing investments are invested into new startups which aims to scale up the efforts to serve elderly people. For instance, in 2021, the UK-based elderly caretech platform Birdie gets USD11.5M Series A led by Index. The caretech Birdie focus to have more personalized and more preventative care so that older citizens can age at home longer, happier, and healthier.

Increasing Aging Population Encourages the Market Growth

The rise in the proportion of elderly people who are aged 60 and more in the country is facilitating the growth of the market. Elderly populations are more prone to various diseases such as neurological, cardiovascular, and orthopedics, due to which there is a surge in demand for elderly care devices. Also, old age people suffer from several health issues with the rising age, which in turn surge the growth of the Europe elderly care devices market. For instance, according to Statista data of 2021, Europe has largest proportion of the ageing population with 19%, where Italy has the largest elderly population share with 23.5% of total population.

Recent Developments

  • Owing to the overworked care staff, SARA (Social & Autonomous Robotic health Assistant), an innovation started by the robotic system is used as an assistant which improves the elderly care in hospitals and nursing homes. Also, it improves the quality of life of elderly residents.
  • In 2020, Essence Group, provider of IoT-based telecare solutions for older people, has launched a new UK-specific telecare solution set, which includes multiple communication channels such as fall detection, activity monitoring, and outdoor monitoring to meet unique needs of old age people in the UK.


Download Free Sample Report

Market Segmentation

The global elderly care devices market is segmented into product, end user, and company. Based on product, the market is divided into mobility assistance aids, assistive furniture, bathroom safety & assistive products, and communication aids. Based on mobility assistance aids, the market is further divided into wheelchairs, mobility scooters, crutches and cranes, patient mechanical lift handling, walkers and rollators, and others. Based on wheelchairs, the market is further divided into manual wheelchairs, and powered wheelchairs. Based on assistive furniture, the market is further divided into medical beds, riser reclining chairs, door openers, and others. Based on bathroom safety & assistive products, the market is further divided into bars, grips, and rails, commode chairs, ostomy equipment, and shower chairs. Based on communication aids, the market is further divided into hearing aids, vision & reading aids, and speech & writing therapy devices. Based on hearing aids, the market is further divided into receiver-in-the-ear (RITE) aids, canal hearing aids, cochlear implants, behind-the-ear (BTE) aids, bone anchored hearing aids (BAHA), and in-the-ear (ITE) aids. Based on vision & reading aids, the market is further divided into reading machines, braille translators, video magnifiers, and others. Based on end user, the market is divided into hospitals, elderly nursing homes, assistive living facilities, homecare, and others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to the rise in number of elderly patients suffering from chronic diseases in the country.

Market Players

Sonova Holding AG, William Demant Holding A/S., GN Resound Group, Koninklijke Philips N.V., Medtronic Plc., OttoBock Healthcare GmbH, Investor AB (Permobil AB), Stryker Corporation, Invacare Corporation, Getinge AB (Arjo), Medical Depot, Inc., Prism Medical UK, Etac AB, Handicare Group AB, and Bischoff & Bischoff GmbH are some of the leading companies operating in the market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume Units and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends

Segments covered

·         Product

·         End User

·         Region

Regional scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; South Africa; Egypt; Turkey;

Key companies profiled

Sonova Holding AG, William Demant Holding A/S., GN Resound Group, Koninklijke Philips N.V., Medtronic Plc., OttoBock Healthcare GmbH, Investor AB (Permobil AB), Stryker Corporation, Invacare Corporation, Getinge AB (Arjo), Medical Depot, Inc., Prism Medical UK, Etac AB, Handicare Group AB, and Bischoff & Bischoff GmbH

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, global elderly care devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Elderly Care Devices Market, By Product:

o    Mobility Assistance Aids

§  Wheelchairs

§  Manual Wheelchairs

§  Powered Wheelchairs

§  Mobility Scooters

§  Crutches and Cranes

§  Patient Mechanical Lift Handling

§  Walkers and Rollators

§  Others

o    Assistive Furniture

§  Medical Beds

§  Riser Reclining Chairs

§  Door Openers

§  Others

o    Bathroom Safety & Assistive Products

§  Bars, Grips, and Rails

§  Commode Chairs

§  Ostomy Equipment

§  Shower Chairs

o    Communication Aids

§  Hearing Aids

§  Receiver-in-the-ear (RITE) Aids

§  Canal Hearing Aids

§  Cochlear Implants

§  Behind-the-ear (BTE) Aids

§  Bone Anchored Hearing Aids (BAHA)

§  In-the-ear (ITE) Aids

§  Vision & Reading Aids

§  Reading Machines

§  Braille Translators

§  Video Magnifiers

§  Others

§  Speech & Writing Therapy Devices

·         Elderly Care Devices Market, By End User:

o    Hospitals

o    Elderly Nursing Homes

o    Assistive Living Facilities

o    Homecare

o    Others

·         Elderly Care Devices Market, By Region:

    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Egypt

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Elderly Care Devices Market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Elderly Care Devices Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Research Data

2.3.1.     Secondary Data

2.3.2.     Primary Data

2.4.  Market Size Estimation

2.4.1.     Bottom-Up Approach

2.4.2.     Top-Down Approach

2.5.  Market Breakdown & Triangulation

2.6.  Research Assumptions

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Global Elderly Care Devices Market

5.    Voice of Customer

6.    Global Elderly Care Devices Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids)

6.2.1.1.         By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.2.1.1.1.1. By Wheelchairs (Manual Wheelchairs, Powered Wheelchairs)

6.2.1.2.         By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.2.1.3.         By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs)

6.2.1.4.         By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices)

6.2.1.4.1.1. By Hearing Aids (Receiver-in-the-ear (RITE) Aids, Canal Hearing Aids, Cochlear Implants, Behind-the-ear (BTE) Aids, Bone Anchored Hearing Aids (BAHA), In-the-ear (ITE) Aids)

6.2.1.4.1.2. By Vision & Reading Aids (Reading Machines, Braille Translators, Video Magnifiers, Others)

6.2.2.     By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.2.3.     By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

6.2.4.     By Company (2022)

6.3.  Market Map

6.3.1.     By Product

6.3.2.     By End User

6.3.3.     By Region

7.    North America Elderly Care Devices Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Product

7.2.2.     By End User

7.2.3.     By Region

7.3.  Pricing Analysis

7.4.  North America: Country Analysis

7.4.1.     United States Elderly Care Devices Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Product

7.4.1.2.2.             By End User

7.4.2.     Mexico Elderly Care Devices Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Product

7.4.2.2.2.             By End User

7.4.3.     Canada Elderly Care Devices Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Product

7.4.3.2.2.             By End User

8.    Europe Elderly Care Devices Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Product

8.2.2.     By End User

8.2.3.     By Region

8.3.  Pricing Analysis

8.4.  Europe: Country Analysis

8.4.1.     Germany Elderly Care Devices Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Product

8.4.1.2.2.             By End User

8.4.2.     France Elderly Care Devices Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Product

8.4.2.2.2.             By End User

8.4.3.     United Kingdom Elderly Care Devices Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Product

8.4.3.2.2.             By End User

8.4.4.     Spain Elderly Care Devices Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Product

8.4.4.2.2.             By End User

8.4.5.     Italy Elderly Care Devices Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Product

8.4.5.2.2.             By End User

9.    Asia-Pacific Elderly Care Devices Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Product

9.2.2.     By End User

9.2.3.     By Region

9.3.  Pricing Analysis

9.4.  Asia-Pacific: Country Analysis

9.4.1.     China Elderly Care Devices Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Product

9.4.1.2.2.             By End User

9.4.2.     Japan Elderly Care Devices Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Product

9.4.2.2.2.             By End User

9.4.3.     India Elderly Care Devices Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Product

9.4.4.     South Korea Elderly Care Devices Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value & Volume

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Product

9.4.4.2.2.             By End User

9.4.5.     Australia Elderly Care Devices Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value & Volume

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Product

9.4.5.2.2.             By End User

10.  South America Elderly Care Devices Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Product

10.2.2.  By End User

10.2.3.  By Region

10.3.              Pricing Analysis

10.4.              South America: Country Analysis

10.4.1.  Brazil Elderly Care Devices Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Product

10.4.1.2.2.           By End User

10.4.2.  Colombia Elderly Care Devices Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Product

10.4.2.2.2.           By End User

10.4.3.  Argentina Elderly Care Devices Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Product

10.4.3.2.2.           By End User

11.  Middle East and Africa Elderly Care Devices Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Product

11.2.2.  By End User

11.2.3.  By Region

11.3.              Pricing Analysis

11.4.              MEA: Country Analysis

11.4.1.  South Africa Elderly Care Devices Market Outlook

11.4.1.1.      Market Size & Forecast

11.4.1.1.1.           By Value & Volume

11.4.1.2.      Market Share & Forecast

11.4.1.2.1.           By Product

11.4.1.2.2.           By End User

11.4.2.  Saudi Arabia Elderly Care Devices Market Outlook

11.4.2.1.      Market Size & Forecast

11.4.2.1.1.           By Value & Volume

11.4.2.2.      Market Share & Forecast

11.4.2.2.1.           By Product

11.4.2.2.2.           By End User

11.4.3.  UAE Elderly Care Devices Market Outlook

11.4.3.1.      Market Size & Forecast

11.4.3.1.1.           By Value & Volume

11.4.3.2.      Market Share & Forecast

11.4.3.2.1.           By Product

11.4.3.2.2.           By End User

11.4.4.  Egypt Elderly Care Devices Market Outlook

11.4.4.1.      Market Size & Forecast

11.4.4.1.1.           By Value & Volume

11.4.4.2.      Market Share & Forecast

11.4.4.2.1.           By Product

11.4.4.2.2.           By End User

11.4.5.  Turkey Elderly Care Devices Market Outlook

11.4.5.1.      Market Size & Forecast

11.4.5.1.1.           By Value & Volume

11.4.5.2.      Market Share & Forecast

11.4.5.2.1.           By Product

11.4.5.2.2.           By End User

12.  Market Dynamics

12.1.              Drivers

12.1.1.  Rise in Prevalence of Chronic Diseases and Various Health Conditions

12.1.2.  Growing Technological Advancements

12.1.3.  Surge in Demand for Home Care Services

12.2.              Challenges

12.2.1.  High Cost of Devices

12.2.2.  Lack of infrastructure to Facilitate the Use of Advanced Monitoring Devices

13.  Market Trends & Developments

13.1.              Rising Number of Start-ups

13.2.              Increasing Launches of New Products for Elderly

14.  Global Elderly Care Devices Market: SWOT Analysis

15.  Porter’s Five Forces Analysis

15.1.              Competition in the Industry

15.2.              Potential of New Entrants

15.3.              Power of Suppliers

15.4.              Power of Customers

15.5.              Threat of Substitute Products

16.  Competitive Landscape

16.1.              Business Overview

16.2.              Product Offerings

16.3.              Recent Developments

16.4.              Financials (In Case of Listed Companies)

16.5.              Key Personnel

16.6.              SWOT Analysis

16.6.1.  Sonova Holding AG

16.6.2.  William Demant Holding A/S.

16.6.3.  GN Resound Group

16.6.4.  Koninklijke Philips N.V.

16.6.5.  Medtronic Plc.

16.6.6.  OttoBock Healthcare GmbH

16.6.7.  Investor AB (Permobil AB)

16.6.8.  Stryker Corporation

16.6.9.  Invacare Corporation

16.6.10.                Getinge AB (Arjo)

16.6.11.                Medical Depot, Inc.

16.6.12.                Prism Medical UK

16.6.13.                Etac AB

16.6.14.                Handicare Group AB

16.6.15.                Bischoff & Bischoff GmbH

17.  Strategic Recommendations

Figures and Tables

Frequently asked questions

down-arrow

Growing incidence of different diseases, growing elderly population, and rising technological advancements are driving the demand for the global elderly care devices market.

down-arrow

Sonova Holding AG, William Demant Holding A/S., GN Resound Group, Koninklijke Philips N.V., Medtronic Plc., OttoBock Healthcare GmbH, Investor AB (Permobil AB), Stryker Corporation, Invacare Corporation, Getinge AB (Arjo), Medical Depot, Inc., Prism Medical UK, Etac AB, Handicare Group AB, and Bischoff & Bischoff GmbH are the key players operating in the global elderly care devices market.

down-arrow

The high cost of devices, lack of knowledge, and lack of infrastructure to facilitate the use of advanced monitoring devices may hamper the growth of the global elderly care devices market.

down-arrow

The Asia-Pacific is expected to register the highest CAGR during the forecast period on account of the growing geriatric population suffering from various chronic diseases especially in countries like China, India and Japan.

profile

Sakshi Bajaal

Business Consultant
Press Release

Elderly Care Devices Market to be dominated by Growing Inclination towards Homecare Services through 2028

Nov, 2022

Rise in number of elderly people suffering from chronic conditions to drive the elderly care devices market in the forecast period, 2024-2028.