Elder Care Services & Assistive Devices Market Revenue, Forecast, Overview and Key Companies Analysis 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.

Issues with mobility, hearing, and vision may pose serious peril to elders if left unattended. Usage of technologies is considered to be of immense importance in elderly care, for instance, emergency response service (ERS) equipped with global positioning system (GPS) is beneficial in tracking the location of elders and fetching assistance at the earliest, in case of emergency. According to a survey, about 68.0% of elders find technology to be beneficial in health improvement, while 61.0% seek implementation of new technologies for their care. This factor drives the demand for elder care services and assistive devices.

The report provides detailed insights into Elder Care Services Assistive Devices market revenue trends, industry trends, consumer trends, market size, market share, market revenue growth drivers, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in Elder Care Services Assistive Devices market size over the forecast period, 2020–2028. The report includes profiles of major players in the Elder Care Services Assistive Devices market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.

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Global Elder Care Services Assistive Devices market revenue growth is primarily driven by a variety of factors and trends, some of which include rising focus by major companies on product/service expansion into new and untapped domestic and international markets, rising investments in strategic agreements and mergers, and rapidly growing competition in the Elder Care Services Assistive Devices market.

Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Elder Care Services Assistive Devices market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive Elder Care Services Assistive Devices market revenue growth to a significant extent over the forecast period.

Top key vendors in Elder Care Services Assistive Devices Market include are:

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

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

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

Services

Home Healthcare
Adult Day Services
Institutional Care

Assisted Devices

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

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Elder Care Services Assistive Devices Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 - 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

Region wise performance of the Elder Care Services Assistive Devices industry

North America Elder Care Services Assistive Devices market revenue growth was relatively higher than that of other regional markets in 2020. North America market revenue is expected to continue to remain dominant over the forecast period, supported majorly by robust presence of major players in countries in the region and expansion of overall economic Elder Care Services Assistive Devices growth strategies and initiatives.

Asia Pacific Elder Care Services Assistive Devices market revenue registered the fastest growth rate in 2020, and this trend is expected to continue over the forecast period. Asia Pacific Elder Care Services Assistive Devices market revenue growth is driven by significant market revenue contribution from China, India, and South Korea. Increasing population, favorable government policies and initiatives, and availability of more advanced technologies, services, and offerings in these countries are some key factors driving Elder Care Services Assistive Devices market revenue growth in Asia Pacific.

Europe Elder Care Services Assistive Devices market revenue is expected to continue to remain steady over the forecast period. This can be attributed to changing Elder Care Services Assistive Devices market trends in countries in other major regions and robust focus on research and development initiatives by major firms in the region with the objective to leverage opportunities and drive Elder Care Services Assistive Devices revenue growth.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

United States
Europe
China
Japan
Southeast Asia
India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa

We can customize our reports for our customers, for instance, we can add or remove manufacturers, applications or product types, whatever you need in the report. Ask for it by contacting us@ https://www.emergenresearch.com/request-for-customization/423

The research provides answers to the following key questions:

What will be the growth rate and the market size of the Elder Care Services Assistive Devices industry for the forecast period 2020-2027?
What are the major driving forces expected to impact the development of the Elder Care Services Assistive Devices market across different regions?
Who are the major driving forces expected to decide the fate of the Elder Care Services Assistive Devices industry worldwide?
Who are the prominent market players making a mark in the Elder Care Services Assistive Devices market with their winning strategies?
Which Elder Care Services Assistive Devices industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
What are the key barriers and threats believed to hinder the development of the industry?
What are the future opportunities in the Elder Care Services Assistive Devices market?

Table of Content

Chapter 1. Methodology Sources

1.1. Elder Care Services Assistive Devices Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Elder Care Services Assistive Devices Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2021-2028