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Assistive Devices for Vulnerable Groups Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Sonova Holding, William Demant Holding, Invacare Corporation, Sunrise Medical

03 Jan, 2020 | 96 Pages
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Registering a CAGR of 8.3% over the forecast period, the market value of Assistive Devices For Vulnerable Groups is expected to reach US$ 1016.9 million in the year 2027.



Assistive Devices for Vulnerable Groups Market Overview



Assistive technology is a blanket term for both assistive products and the services that go with them. Traditional disability devices such as wheelchairs, hearing aids, and visual aids were examples of assistive products. It also includes advanced assistive technology solutions that help disabled people live more positive lives by increasing security, control, and social participation.



The global market for elderly and disabled assistive devices is being driven primarily by an increase in mobility impairment disorders, lifestyle changes, and the availability of a wide range of disabled and elderly assistive products.



Furthermore, the significant increase in demand for assistive devices due to the rise in the trend of an independent lifestyle fuels market growth. Additionally, an increase in the number of assistive device manufacturers investing in R&D activities for these technologies is expected to drive market growth. However, the high cost of a few sophisticated products, a low level of acceptance for a few products, and low reimbursement from medical insurers limit the market growth. In contrast, an increase in people's proactiveness, a rise in health consciousness, and a surge in the number of non-communicable diseases are expected to provide lucrative growth opportunities for the market.



The report also assesses the key opportunities in the Assistive Devices for Vulnerable Groups market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Assistive Devices for Vulnerable Groups Market has also been forecasted for the period 2022-2027, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.



Who are the Major Players in the Assistive Devices for Vulnerable Groups Market?



Top Key Players in the Assistive Devices for Vulnerable Groups Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Assistive Devices for Vulnerable Groups Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include Sonova Holding, William Demant Holding, Invacare Corporation, Sunrise Medical, GN ReSound Group and others.



Industry News:



Sennheiser's new IE 600 redefines neutral sound reproduction.



March 2, 2022 – The smallest details matter to sophisticated audiophiles. A lifetime of listening pleasure begins at an atomic level with the specific materials used to create the ultra-tough earphone housings of the new Sennheiser IE 600, while meticulous craftsmanship and tuning ensure an exquisitely natural sound.



The IE 600 housings were created using a patented 3D printing process from ZR01 amorphous zirconium, a metal with a glass-like atomic structure that gives it three times the hardness and bend resistance of high-performance steel. Aside from ultra-high-end products like the IE 600, ZR01 amorphous zirconium is only used in the aerospace industry, such as the drilling head of the NASA Mars Rover, where ultimate toughness in extreme conditions is required.



What are the major Applications, Types, and Regions for the Assistive Devices for Vulnerable Groups Market?



Assistive Devices for Vulnerable Groups Market is segmented based on the type, applications, companies, and regions.



By Type, the Assistive Devices for Vulnerable Groups Market has been segmented into 




  • Medical Mobility Aids and Ambulatory Devices

  • Medical Furniture and Bathroom Safety Products

  • Hearing Aids

  • Vision and Reading Aids

  • Others



The end user’s industry application on Assistive Devices for Vulnerable Groups Market is, 




  • For Pregnant women

  • For Elderly

  • For Disabled people



Regional Analysis:



In terms of demand generation, the North American region dominates the global Assistive Devices for Vulnerable Groups market. The market for Assistive Devices for Vulnerable Groups in the Asia Pacific is expected to expand at a rapid pace. The regional market is subdivided and analyzed at the granular level across key countries. The report will include the market size and forecast for Assistive Devices for Vulnerable Groups in each region for the countries listed below.



The report offers an in-depth assessment of the growth and other aspects of the Assistive Devices for Vulnerable Groups Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific, and Latin America.



What are our Assistive Devices for Vulnerable Groups Market report scope?



The report incorporates an in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis, and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers, and so on to comprehend the prevailing market dynamics at present and their impact during the forecast period 2022-2027. The report presents the analysis of the Assistive Devices for Vulnerable Groups Market for the historical period of 2017-2021 and the forecast period of 2022-2027.



 



























































Report Attributes



Report Details



Report Title



Assistive Devices for Vulnerable Groups Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Sonova Holding, William Demant Holding, Invacare Corporation, Sunrise Medical



Forecast Period 2022 to 2027 CAGR



CAGR of 8.3% over the forecast period (2022-2027)



By Type




  • Medical Mobility Aids and Ambulatory Devices

  • Medical Furniture and Bathroom Safety Products

  • Hearing Aids

  • Vision and Reading Aids

  • Others



By Application




  • For Pregnant women

  • For Elderly

  • For Disabled people



By Companies



Sonova Holding, William Demant Holding, Invacare Corporation, Sunrise Medical, GN ReSound Group



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



96



Customization Available



Yes, the report can be customized as per your needs




 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



 



Key Takeaways from this Assistive Devices For Vulnerable Groups Report




  • Evaluate Assistive Devices For Vulnerable Groups market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.

  • Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.

  • Get a quick outlook on the Assistive Devices For Vulnerable Groups market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.

  • Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.



Frequently Asked Questions



What is the study period of this market?





The Assistive Devices For Vulnerable Groups Market is studied from 2017 - 2027.



What is the growth rate of the Assistive Devices For Vulnerable Groups Market?





The Assistive Devices For Vulnerable Groups Market is growing at a CAGR of 8.3% over the next 5 years.



Who are the key players in Assistive Devices For Vulnerable Groups Market?



Sonova Holding, William Demant Holding, Invacare Corporation, Sunrise Medical, GN ReSound Group



What regions does this Assistive Devices For Vulnerable Groups Market report cover?





North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Assistive Devices For Vulnerable Groups Market?



Medical Mobility Aids and Ambulatory Devices, Medical Furniture and Bathroom Safety Products, Hearing Aids, Vision and Reading Aids, Others



What are the major end-use applications of Assistive Devices For Vulnerable Groups Market?



For Pregnant women, For Elderly, For Disabled people



All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.


  1. INTRODUCTION

    1. MARKET DEFINITION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMELINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL ASSISTIVE DEVICES FOR VULNERABLE GROUPS MARKET BY APPLICATION

    3. GLOBAL ASSISTIVE DEVICES FOR VULNERABLE GROUPS MARKET BY TYPES



  4. MARKET DYNAMICS

    1. DRIVERS

    2. INCREASING DEMAND FOR ASSISTIVE DEVICES FOR VULNERABLE GROUPS RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGULATIONS

      2. HIGH COST OF RAW MATERIAL



    3. OPPORTUNITIES

      1. ASSISTIVE DEVICES FOR VULNERABLE GROUPS GROWTH

      2. APPLICATION OF ASSISTIVE DEVICES FOR VULNERABLE GROUPS



    4. IMPACT OF COVID 19



  5. GLOBAL ASSISTIVE DEVICES FOR VULNERABLE GROUPS MARKET, BY TYPES

    1. INTRODUCTION

    2. MEDICAL MOBILITY AIDS AND AMBULATORY DEVICES

    3. MEDICAL FURNITURE AND BATHROOM SAFETY PRODUCTS

    4. HEARING AIDS

    5. VISION AND READING AIDS

    6. OTHERS



  6. GLOBAL ASSISTIVE DEVICES FOR VULNERABLE GROUPS MARKET, BY APPLICATION

    1. INTRODUCTION

    2. FOR PREGNANT WOMEN

    3. FOR ELDERLY

    4. FOR DISABLED PEOPLE



  7. GLOBAL ASSISTIVE DEVICES FOR VULNERABLE GROUPS MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASIAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1.  SONOVA HOLDING

      2.  WILLIAM DEMANT HOLDING

      3.  INVACARE CORPORATION

      4.  SUNRISE MEDICAL

      5.  GN RESOUND GROUP





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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