Precision Business Insights has published a report on the global elderly and disabled assistive devices market, estimating its value at USD 505.9 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6.4% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-elderly-and-disabled-assistive-devices-market 

The elderly and disabled assistive devices market focuses on tools and equipment designed to improve the quality of life, independence, and safety of elderly individuals and those with disabilities. These devices assist with daily activities, mobility, and communication, making tasks easier or possible for users.

Drivers:

• Aging Population: The global increase in elderly individuals creates a higher demand for assistive devices
• Chronic Illnesses: Rising prevalence of chronic conditions necessitates devices that support daily living

The global elderly and disabled assistive devices market segmentation:

1. By Device Type: Bathroom safety & Medical furniture devices (Hearing aids, Ostomy products, Vision and reading aids, Medical beds, Shower chairs and commodes, Bars and railings, Others
2. Mobility aids & Medical ambulatory devices: Mobility scooters, Wheelchairs, Walkers & Rollators, Transfer lifts, Door openers, Cranes and crutches, Others)
3. By Technology: Battery powered assistive device, Electrical assistive devices, Human-powered assistive devices, Software-based assistive devices, Others
4. By End User: Hospitals, Ambulatory surgical centres, Homecare.

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Regional Overview:

The report also examines the current concerns and their Future Effects on the elderly and disabled assistive devices market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the elderly and disabled assistive devices market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like, Sunrise Medical LLC (U.S), Sonova Holding AG (Germany), Ai Squared (U.S), Blue Chip Medical (U.S), Bausch & Lomb, Inc. (U.S), GN Hearing (Denmark), Permobil AB (Permobil International AG) (Sweden), Siemens Healthneers (Germany), Wintriss Engineering Corporation (U.S), Invacare Corporation (U.S)

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