Increasing Government Support in the Form of Grants and Subsidies Globally to Boost Elderly and Disabled Assistive Equipment Market

Published On : 07 Nov 2016 announces the addition of a new research report, titled “Global Elderly and Disabled Assistive Equipment Market Research Report 2016.” This study presents a comprehensive understanding of the market and also includes a thorough analysis of the segments such as product types and regions dominant in the market. The key strategies being implemented by the primary players for the development of the market also form a key part of this report. The factors propelling and impeding the development of this market such as trends, drivers, and challenges have also been encapsulated under this study.

The first section of the report presents an overview of the elderly and disabled assistive equipment market. The scope as well as product overview of elderly and disabled assistive equipment also forms an integral part of this section of the report. Elderly and disabled assistive equipment is utilized by individuals who are not self-capable and these individuals utilize the devices for conducting, moving, reading, and listening day-to-day activities of life. These equipment make the lives of individuals that are either disabled or elderly independent, easy, and comfortable. 

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The dynamics influencing the growth of the market come next in the report. These include the drivers, inhibitors, and growth opportunities. The rising geriatric and disabled population globally is driving the development of the elderly and disabled assistive equipment market. In addition, the increasing initiatives taken by governments in the form of grants and subsidies globally in order to support the utilization of these devices will further provide impetus to the development of this market. Furthermore, the increasing technological developments taking place in the market will also support market growth.  On the other hand, the low acceptance levels of some of these equipment and the soaring pricing of products may come up as key roadblocks in the development of the market. 

The market is segmented in terms of type and geography in the following section of the report. In terms of product, the report categorizes the market into medical ambulatory & mobility aids devices and medical furniture & bathroom safety products. Amongst these, medical ambulatory & mobility aids devices is further segmented into mobility scooters, wheelchairs, cranes and crutches, door openers, walkers and rollators, transfer lifts, and others including back support, cushions, and pillows. On the other hand, segment of medical furniture & bathroom safety products is further segmented into bars and railings, commodes and shower chairs, ostomy products, medical beds, reading and vision aids, and hearing aids, and others including bath lifts and pool lifts. 

Region-wise, the market is segmented into Europe, North America, Southeast Asia, India, China, and Japan. The demand patterns for elderly and disabled assistive equipment in all these areas has been analyzed under this section of the study. Invacare, Sonova, William Demant, Ai Squared, and Bausch & Lomb, among others, are the leading players in the elderly and disabled assistive equipment market.  



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