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Elder Care Services & Assistive Devices Market to Garner Brimming Growth by 2028

Elder Care Services & Assistive Devices Market to Garner Brimming Growth by 2028

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.

This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario.

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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:

  • 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
  • Comprehensive analysis of the competitive scenario and its changing dynamics

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Elder Care Services & Assistive Devices Market Segmentation:

  • Offering Outlook (Revenue, USD Billion; 2017–2027)

    • Services
      1. Home Healthcare
      2. Adult Day Services
      3. Institutional Care
    • Assisted Devices
      1. Mobile Assistance Devices
        • Wheelchairs
        • Mobility Scooters
        • Others
    • 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
  • 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
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. BENELUX
      5. Rest of Europe
    • Asia Pacific
      1. China
      2. Japan
      3. South Korea
      4. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of MEA

 

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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