Increasing geriatric population along with various health conditions to drive the elderly care medical devices market in the forecast period, 2024-2028.
According to TechSci Research report, “Europe Elderly Care Medical Devices Market – By Region, Forecast and Opportunities, 2018-2028”, the Europe elderly care medical devices market is anticipated to grow at a significant rate in the forecast period, 2024-2028. The increasing advancements in technology in elderly care medical devices in the region is expected to drive the growth of the Europe elderly care medical devices market. There are numerous developments which are already being used in the elderly care devices such as wearable devices, virtual reality, use of AI in devices, assistive medical robots, and others. The rising awareness among the elders about these medical devices are surging the market growth.
However, the high cost of devices may hamper the growth of the market in the forecast period. Besides, stringent regulatory scenario in the region leads to slower product approvals or product marketing approvals thereby slowing down the market growth. Also, product recalls have been observed, which restrict the market growth.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Europe Elderly Care Medical Devices Market"
Europe elderly care medical devices market is segmented into product, end user, country, and company.
Based on product, the market is divided into mobility assistance aids, assistive furniture, bathroom safety & assistive products, and communication aids. Based on mobility assistance aids, the market is further divided into wheelchairs, mobility scooters, crutches and cranes, patient mechanical lift handling, walkers and rollators, and others. Based on assistive furniture, the market is further divided into medical beds, riser reclining chairs, door openers, and others. Based on bathroom safety & assistive products, the market is further divided into bars, grips, and rails, commode chairs, ostomy equipment, and shower chairs. Based on communication aids, the market is further divided into hearing aids, vision & reading aids, speech & writing therapy devices, and others. The mobility assistance aids segment is expected to witness a rise over the forecast period. This is attributed prevalence of certain age-related disorders, coupled with growing prevalence of injuries & falls wherein mobility assistance is required. Also, increasing number of surgeries has led to an increasing demand for mobility assistance aids during the rehabilitation process.
Based on end user industry, the market is categorized into hospitals, elderly nursing homes, assistive living facilities, homecare, and others. The hospitals segment is anticipated to grow during the forecast period. This is attributed to the fact that hospitals address a large pool of elderly patients suffering from different conditions.
Major companies operating in Europe elderly care medical devices market are:
- Sonova Holding AG
- William Demant Holding A/S.
- GN Resound Group
- Koninklijke Philips N.V.
- Medtronic Plc.
- OttoBock Healthcare GmbH
- Investor AB (Permobil AB)
- Stryker Corporation
- Invacare Corporation
- Getinge AB (Arjo)
- Medical Depot, Inc.
- Prism Medical UK
- Etac AB
- Handicare Group AB
Customers can also request for 10% free customization on this report.
“United Kingdom is expected to witness significant growth in the upcoming years due to the rise in adoption of at-home care devices such as bars, grips and others. The growing demand for telemedicine has further increased the demand for various remote patient monitoring devices in the country. Additionally, increasing government initiatives to improvise the scenario of elderly care in the country is further facilitating the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Europe Elderly Care Medical Devices Market, By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids), By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others), By Region, Competition Forecast & Opportunities, 2028”, has evaluated the future growth potential of Europe elderly care medical devices and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Europe elderly care medical devices market.
Mr. Ken Mathews
708 Third Avenue,
New York – 10017
Email: [email protected]
Showing 1 reaction
Sign in with