The global elder care services & assistive devices market is projected to be valued at USD 1,020.00 Billion by 2027, according to a current analysis by Emergen Research. Elderly care services and assistive devices are witnessing high demand, which can be attributed to growing elderly population. The number of individuals aged 65 years or above worldwide is estimated to grow from about 524 million in 2010 to around 1.5 billion by 2050 and developing countries would account for a majority of this increase in elderly population. A significant rise in life expectancy is leading to growth of geriatric population. This, in turn, would propel the elder care services & assistive devices market during the forecast period.

North America held the largest share of the global elder care services & assistive devices market in 2019, due to growing elderly population, increasing demand for assistive devices for elder care, rapid adoption of innovative technologies, and growing emphasis on safety of geriatric patients by governments of countries in the region.

The study relies heavily on both qualitative and quantitative to generate, interpret and analyze raw data about the target market, product or services offered and prominent market players operating in the Elder Care Services & Assistive Devices market for the forecast period, 2020 – 2027.

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Key questions answered in the report

What will be the market size in terms of value and volume in the next five years?

Which segment is currently leading the market?

In which region will the market find its highest growth?

Which players will take the lead in the market?

What are the key drivers and restraints of the market’s growth?

Report Objectives

Examine the size of the global Elder Care Services & Assistive Devices market based on the parameters of value and volume.

Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global Elder Care Services & Assistive Devices market.

Explore the underlying dynamics of the global Elder Care Services & Assistive Devices market.

Highlight significant trends of the global Elder Care Services & Assistive Devices market based on factors including, production, revenue, and sales.

Extensively profile top players of the global Elder Care Services & Assistive Devices market and showing how they compete in the industry.

Study manufacturing processes and the costs, product pricing, and various trends associated with them.

Analyze the performance of different regions and countries in the global Elder Care Services & Assistive Devices market.

Forecast the market size and share of all segments and regions in the global landscape.

Key Highlights of Report

In December 2020, Genesis HealthCare made an announcement about purchase of Sun Healthcare Group Inc., a firm involved in providing elder care services. SunBridge Healthcare, LLC, a subsidiary of Sun Healthcare Group Inc., manages nursing facilities, behavioral health centers, and assisted and independent living centers in 23 states of the US.

Approximately USD 170.00 Billion are spent on end-of-life care every year. Better planning can decrease these costs and enhance satisfaction by providing customized care as per the patient’s preference.

Day programs are meant for providing activity centers and monitoring services for elders. Such programs benefit from the growing inclination among elders toward staying in homes for a longer duration. Presently, about 4,000 day program centers are run in the U.S., which can cater to over 15,000 elders.

The North America region held the largest share of the global elder care services & assistive devices market in 2019, due to growing elderly population, increasing demand for assistive devices for elderly care, rapid adoption of innovative technologies, and growing emphasis on safety of geriatric patients by governments of countries in the region.

Key market participants include Invacare Corporation, Ai Squared, Siemens Healthineers, Sonova Holding AG, Cochlear Limited, Brookdale Senior Living, Extendicare Inc., Genesis HealthCare, Pride Mobility Products Corporation, and GN Resound Group

You Can Download Free Sample PDF Copy of Elder Care Services & Assistive Devices Market at https://www.emergenresearch.com/request-sample/423

Offering Outlook (Revenue, USD Billion; 2017–2027)

Services

Home Healthcare

Adult Day Services

Institutional Care

Assisted Devices

Mobile Assistance Devices

Wheelchairs

Mobility Scooters

Others

Living Aids

Hearing Aids

Vision & Speech Aids

Assistive Furniture

Assistive Beds

Door Openers

Riser Reclining Chairs

Others

Bathroom Safety Equipment

Shower Rooms

Commode Chairs

Ostomy Devices

Bars, Grips & Rails

Others

End-user Outlook (Revenue, USD Billion; 2017–2027)

Hospitals

Homecare Settings

Nursing Homes

Rehabilitation Centers

Others

Regional Outlook (Revenue, USD Billion; 2021–2028)

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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Table of Content

Chapter 1. Methodology & Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2019-2028

Chapter 3. Key Insights

Chapter 4. Elder Care Services & Assistive Devices Market Segmentation & Impact Analysis

Chapter 5. Elder Care Services & Assistive Devices Market By Application Insights & Trends, Revenue (USD Billion)

Chapter 6. Elder Care Services & Assistive Devices Market By Industries Insights & Trends Revenue (USD Billion)

Chapter 7. Elder Care Services & Assistive Devices Market By Type Insights & Trends Revenue (USD Billion)

Chapter 8. Elder Care Services & Assistive Devices Market Regional Outlook

Continued…

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