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sourabh shinde

sourabh shinde > 13:28 20/03/2024

Assistive Devices Market 2023 Business Strategies, Revenue and Growth Rate Upto 2029.


Assistive Devices Market was valued at USD 19.33 Billion in 2022, and it is expected to reach USD 27.19 Billion by 2029, exhibiting a CAGR of 5% during the forecast period (2023-2029)

Assistive Devices Market Overview
The assessment provides a detailed examination of every aspect pertaining to the business's operations in the Assistive Devices market. The report provides sales forecasts unique to certain nations and areas along with revenue predictions for the global, regional, and domestic markets. According to the report, professionals should educate themselves on the fierce competition in the sector if they want to keep one step ahead of the competition.
Assistive Devices Market Report Scope and Research Methodology
Using a range of research techniques, the study offers a thorough commercial and market-oriented examination of the Assistive Devices market. When performing market research, a variety of aspects are taken into account, including advancements in technology, geographic location, income, financial stability, portfolio, and mergers and acquisitions. The study looks closely at both newly founded and long-standing businesses in order to assess the Assistive Devices industry's growth and future business prospects.
By giving them a thorough picture of the Assistive Devices market, the analysis in the study helps stakeholders, investors, market participants, followers, and new entrants create their investment strategies and marketing plans. The study determines the total size of the Assistive Devices market by aggregating data from multiple industry sectors using a bottom-up methodology.
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Assistive Devices Market Regional Insights
The study offers a thorough examination of each sector's growth potential, challenges, competitive landscape, and forecasts for the future. Market projections for Europe, Asia Pacific, Latin America, North America, and the Middle East are included in the study. Market forecasts are also included in the report for any nation that does well overall.
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
by End-Users
Hospitals
Nursing Homes
Assisted Living Facilities
Homecare
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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
Key questions answered in the Assistive Devices Market are:
What does Assistive Devices mean?
What are the elements propelling the growth of the Assistive Devices Market?
What are the primary obstacles preventing the Assistive Devices Market from expanding?
In 2021, what was the Assistive Devices market size?
Which recent occurrences, in your opinion, will boost sales for the Assistive Devices market expansion?
Which industry trends are there currently that the Assistive Devices Market can capitalize on to create new revenue streams?
Which growth tactics are the participants considering putting into practice to strengthen their position within the Assistive Devices Market?
Who held the largest market share in the Assistive Devices Market?
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Key Offerings:
The market's size and degree of competition Past Information (2018–2021)
istorical values and regional price curves (2018–2021).
The market's size, share, forecast, and dimensions for each category from 2022 to 2029.
market dynamics: notable advancements, possibilities, room for expansion, and geographic limits; market segmentation: a thorough analysis by region that considers the small
subgroups that form each bigger group;
Competitive benchmarking of the main rivals by region and strategic competitor profiles by region are included in the competitive landscape.
Porter's evaluation, PESTLE analysis, industry leaders and laggards, and regional firms make up the competitive landscape.
components of regional corporate law;
SWOT evaluation of profitable business ventures.
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