Assistive Devices Market worth 7.80% CAGR 2027
" COVID-19 Impact on Assistive Devices Market, size, share, growth, industry analysis, and forecast 2021-2027 "
The assistive devices comprise rehabilitative devices that provide additional accessibility to people with cognitive complications, impairments, and disabilities. These medical technologies are helpful for disabled and elderly patients as they enhance the quality of life and health outcomes helps in independent living, and minimize healthcare costs by reducing the cost given to manual laborers in helping patients.
The increase in the number of medical devices producers and R&D investments is projected to propel market growth. Furthermore, the rapid increase in the prevalence of the people who have dementia in which a patient has depression, hallucination, or paranoia is a reason slated to increase the market growth of assistive devices in the mentioned forecast period. In addition, the advancements in health care facilities, increasing collaborations among health care providers and insurance companies, and increasing awareness about assistive technology devices are a few other key factors significantly driving the global assistive devices market.
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In addition, people are becoming more motivated nowadays, and becoming conscious about health is expected to create lucrative growth opportunities for the Assistive Devices market growth.
The Assistive Devices Market research report titled “Assistive Devices Market based on Product Type, End-User Geography – Global Forecast up to 2027.”
The few prominent assistive devices market competitors companies are Sunrise Medical (US) LLC, Blue Chip Medical Products, Inc., Sonova Holding Ag, Inclusive Technology Ltd., and Medline Industries, Inc.
North America is leading the market due to technological advancements and developed distribution channels. On the other hand, the Asia-Pacific region is projected to register the highest growth because of the increasing healthcare expenditure and improvements in healthcare infrastructure. Moreover, an increase in disposable income and an increase in awareness among people about the availability & usage of assistive devices are the factors anticipated to propel market growth in the near future.
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The report consists of 74 Tables and 44 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Assistive Devices Market based on Product Type
- Living Aids
- Mobility Aids Devices
- Medical Furniture
- Bathroom Safety Equipment
Assistive Devices Market based on End-User
- Home Care Setting
Assistive Devices Market based on Geography
- North America
- Asia Pacific
- Rest of the World