Assistive Devices Market Overview

A competitive intelligence market research study on the " Assistive Devices Market" has been released by Maximize Market Research, a global healthcare market research company. From 2022 to 2029, the Assistive Devices market revenue is anticipated to expand at a compound annual growth rate (CAGR) of %, with a projected value of USD Assistive Devices bn. The Assistive Devices market overview provides comprehensive information about the market's size, trade statistics, top industry players, technological advancements in important areas, etc.

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Assistive Devices Market Report Scope and Research Methodology

 The information was gathered by Maximize Market Research via primary research surveys with Assistive Devices dealers, suppliers, and producers. To confirm the information for the Assistive Devices market research, the company's annual reports and secondary sources—such as trustworthy databases—both free and paid for are closely scrutinized. The study's scope include the examination of market dynamics, legislation, industry competition, and market segments.

  A competitive study of the Assistive Devices Market players is included in the report. To offer a comprehensive overview, prominent players and recent entries in the industry are mentioned together. The market was examined based on several factors, including region, revenue, financial standing, portfolio, implemented technical advancements, and mergers and acquisitions. The growth potential and long-term business outlooks of the newcomers and established businesses in the Assistive Devices market were investigated. With an overall understanding of the Assistive Devices market, the analysis serves as a guide for stakeholders, investors, market participants and followers, and new entrants in developing investment strategies and marketing plans. To estimate the Assistive Devices market size, a bottom-up methodology was employed.

Assistive Devices Market Regional Insights

  • The report's regional analysis aids in understanding the Assistive Devices market's potential across numerous nations. The research includes every factor influencing the regional Assistive Devices market. The market size, growth rate, import and export in every region, and all other parameters are explained in detail in the research. The following regions are included in this section:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East, and Africa

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Assistive Devices Market Dynamics

Increasing Disorders & Non-Communicable Diseases: Some of the key reasons affecting disability include the rising incidence of chronic diseases such as cancer, diabetes, arthritis, and cardiovascular disease. Over the forecast period, the rising incidence of orthopaedic and neurological ailments is expected to boost the assistive devices market. According to the Neurological Alliance, there were around 14.7 million neurological complaints in 2019. It translates to at least one in every six persons having one or more neurological conditions that cause learning difficulties, epilepsy, and so on, and thus assistive devices aids in augmentation of muscular action and decrease of weight-bearing strain, which will complement market growth. Various non-communicable diseases such as diabetes, cancer, arthritis, multiple sclerosis, paralysis, cerebral palsy, and stroke are the prominent factors that spurs the demand for the various disabled assistive devices across the globe.

Rising Number of Accidents: Some of the primary factors to disability are non-communicable illnesses, traffic accidents, occupational injuries, and violence. The increasing incidence of accidents, such as vehicle accidents, home accidents, and workplace accidents, is driving the expansion of the global assistive devices market. According to the WHO research, between 20 and 50 million individuals suffer non-fatal injuries each year, with many becoming handicapped as a result. As a result, the demand for assistive device is skyrocketing.

Assistive Devices Market Segmentation

by Type

Mobility Aids

Wheelchairs
Monility Scootes
Cranes & Crutches
Walkers & Rollators
Transfer Lifts
Door Openers
Others (Cushions, Pillow, and Back Support)

Reading and Vision Aids

Video Magnifiers
Braille Translators
Reading Machines
Others (Books and Kitchen Appliances)

Hearing Aids

Receiver-in-the-Ear (RITE) Aids
Behind-the-Ear (BTE) Aids
In-the-Ear (ITE) Aids
Canal Hearing Aids
Bone Anchored Hearing Aids (BAHA)
Cochlear Implants

Medical Furniture

Medical Beds
Medical Furniture Accessories
Door Openers
Others

Bathroom Safety Devices

Commodes
Bars, Grips, and Rails
Shower Chairs
Ostomy Products

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Assistive Devices Market Key Players

1. AI Squared
2. Drive Medical
3. Bausch & Lomb, Inc.
4. Blue Chip Medical Products, Inc.
5. GN Resound Group
6. Invacare
7. Philips
8. Arphi Electronic Pvt Ltd
9. Freedom Scientific, Inc.
10. Permobil AB
11. Nordic Capital
12. Pride Mobility Products Corporation
13. Siemens Ltd.
14. Sunrise Medical, LLC
15. Wintriss Engineering Corporation
16. Sonova Holding AG

Key questions answered in the Automotive Relay Market are:

       • By the conclusion of the forecast period, what is the anticipated Assistive Devices Market size?
       • What are the Assistive Devices Market's worldwide trends?
       • What are some current trends in the industry that Assistive Devices Market can use to create more revenue streams?
       • How is the Assistive Devices Market being shaped by regulatory authority intervention?
       • What expansion plans are the players thinking of using to get more traction in the Assistive Devices Market?
       • In the Assistive Devices Market, who had the biggest market share?

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Key Offerings:

  • Historical Market Size and Competitive Environment (2018–2021)
  • Historical pricing and regional price curves (2018–2021)
  • The market's size, share, size, and forecast for each segment from 2022 to 2029
  • Market segmentation: a thorough examination by segment with its sub-segments and Region;
  • Market dynamics: growth drivers, constraints, opportunities, and key trends by region;
  • Competitive landscape: strategic profiles of key competitors by region; competitive benchmarking of key players by region; PESTLE analysis; Porter's analysis; competitive landscape: market leaders, market followers, and regional players
  • SWOT analysis of profitable business possibilities;
  • Legal aspects of business by location;
  • Value chain and supply chain analysis;
  • Recommendations

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