Global Disabled & Elderly Assistive Technology Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Disabled & Elderly Assistive Technology Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Disabled & Elderly Assistive Technology Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Disabled & Elderly Assistive Technology Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
The disabled & elderly assistive technologies help to overcome cognitive problems, impairments, and disabilities in disabled & geriatric population. These technologies develops health outcomes, assist in independent living, and cut healthcare costs by lowering cost given to manual labors in assisting patients. The market has supported large development in the assistive technologies and has evolved in terms of both performance and characteristics. This device plays the important role in helping the needy in listening, reading, moving, and conducting different activities of life.
The market is growing at a high extent because of different factors such as increasing demand for disabled and elderly assistive technologies, high adoption rate of novel technologies and supportive reimbursement policies. Therefore, the expansion of the market may be inhibited in coming years due to increasing product prices. Moreover, high cost of few products, low level of acceptance of these products in the emerging economies, and low reimbursement from medical insurers are the restraining factors hampering the growth of the market. The opportunities for the growth of the market includes, growing proactiveness of people and rise in value to better health conditions.
On the basis of segmentation the market is divided into different segments includes product type, end-user, and region. The product type of the market is bifurcated into various numbers of products such as mobility assistance aids, medical furniture, bathroom safety, communication aids, and vision & reading aids. On the basis of end-user the market is segmented into elderly nursing home, homecare, hospitals, and others.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global Disabled & Elderly Assistive Technology market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Bausch & Lomb, Blue Chip Medical Products, Coloplast, Drive Medical Design And Manufacturing, DynaVox, Freedom Scientific, Hollister, Otto Bock HealthCare, Siemens Healthcare, SMOI, and others.
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