Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Disabled & Elderly Assistive Device Market Set to Reach $70 Billion, Anticipating 13% CAGR by 2030As per the recent report published by Next Move Strategy Consulting, the global Disabled & Elderly Assistive Device Market size is predicted to reach $70 billion, registering a CAGR of 13% by 2030.
As populations age and the prevalence of disabilities rises, there is a heightened demand for assistive devices that enhance mobility, improve accessibility, and support independent living. These devices range from mobility aids such as wheelchairs, walkers, and scooters to communication aids, hearing aids, and daily living aids like adaptive utensils and dressing aids. Key factors contributing to the expansion of this market include:
Regional Analysis Europe: Europe holds the dominant share in the disabled & elderly assistive device sector, primarily due to the region's aging population that has led to a larger elderly population facing age-related conditions, necessitating assistive devices to maintain independence and quality of life. Asia-Pacific: Key Players The promising players operating in the global disabled & elderly assistive device industry include:
Conclusion: The disabled and elderly assistive device market is on a trajectory of growth fueled by technological advancements, increasing awareness, and supportive government initiatives. With a focus on innovation and accessibility, stakeholders are poised to meet rising global demand and enhance the quality of life for millions worldwide. Access Full Report: https://www.nextmsc.com/ End
|
|