Global Geriatric Care Devices Market
Global Geriatric Care Devices Market was valued at USD 836.5 billion in 2020 which expected to reach USD 1944.02 billion by 2030 at a CAGR 7.2% from 2020-2030.
Geriatric care devices are used for planning healthcare management & coordinating care of the geriatric population and people with mental or physical impairments. These products comfort daily activities of old people, deliver them with long-term care needs as well as enhance their quality of life. Geriatric care devices include walkers, wheelchairs, and adult diapers for daily routine. Also, these devices promote nursing at home level.
Market Drivers
The geriatric care devices market is expected to grow rapidly, due to the aging population which creates a patient pool seeking long-term care at home & at-home skilled nursing facilities. This increases the demand for geriatric care devices in the market over the forecast period. Also, the increase in prevalence of diabetes and other chronic diseases has resulted in an increased number of people needing long term care devices which expected to positively influence the market growth.
The increase in disposable income, the rise in spending on health & wellness is resulting in growing adoption of advanced medical devices in order to keep track of health is expected to propel the growth of global geriatric care devices market during this forecast period. Moreover, the increase in inclination towards homecare series adoption of bathroom safety and assistive products such as shower chairs, commode chairs, etc. is another factor expected to further accelerate growth of the global geriatric care device market.
Market Restraints
High cost associated with these products is a major factor expected to hamper the adoption of geriatric care devices over the forecast period. Also, high risk of accidents as well as lack of infrastructure in order to facilitate the use of advanced monitoring devices is expected to further hinder the growth of the global market.
Market Segmentation
The Global Geriatric Care Devices Market is segmented into product such as Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids (Speech & Writing Therapy Devices, Hearing Aids, and Vision & Reading Aids). Further, global geriatric care devices market is segmented into end user such as Hospitals, Elderly Nursing Homes, Homecare, and Others.
Regional Analysis
The Global Geriatric Care Devices Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.The North America region dominated the geriatric care devices market due to the increase in aging population as well as a streamlined regulatory framework. Also, availability of well-developed healthcare infrastructure, favourable reimbursement policies, and the availability of major players are expected to further support the global geriatric care devices market in this region throughout the forecast period.
Key Players
Various key players are listed in this report such as Invacare Corporation, Cardinal Health, Kimberly-Clark, Unicharm Corporation, Sunrise Medical LLC, Svenska Cellulosa Aktiebolaget, Nippon Paper, Inc., Medline Industries, Inc., Medical Depot, Inc., Mobility Aids Sales & Services, etc.
Market Taxonomy
By Product
By End User
By Region
Key Questions Addressed by the Report
Global Geriatric Care Devices Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Geriatric Care Devices Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Geriatric Care Devices Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Geriatric Care Devices Market Share Analysis, By Product
5.3 Global Geriatric Care Devices Market Size and Forecast, By Product
5.3.1 Mobility Assistance Aids
5.3.2 Assistive Furniture
5.3.3. Bathroom Safety & Assistive Products
5.3.4. Communication Aids
5.3.4.1. Speech & Writing Therapy Devices
5.3.4.2. Hearing Aids
5.3.4.3. Vision & Reading Aids
6 Global Geriatric Care Devices Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Geriatric Care Devices Market Share Analysis, By Application
6.3 Global Geriatric Care Devices Market Size and Forecast, By Application
6.3.1 Hospitals
6.3.2 Elderly Nursing Homes
6.3.3 Homecare
6.3.4 Others
7Global Geriatric Care Devices Market, By Region
7.1 Global Geriatric Care Devices Market Share Analysis, By Region
7.2 Global Geriatric Care Devices Market Share Analysis, By Region
7.3 Global Geriatric Care Devices Market Size and Forecast, By Region
8North America Geriatric Care Devices Market Analysis and Forecast (2020 – 2030)
8.1 Introduction
8.2 North America Geriatric Care Devices Market Share Analysis, By Product
8.3 North America Geriatric Care Devices Market Size and Forecast, By Application
8.4 North America Geriatric Care Devices Market Size and Forecast, By Country
8.4.1 U.S
8.4.2 Canada
8.4.3 Mexico
9Europe Geriatric Care Devices Market Analysis and Forecast (2020 – 2030)
9.1 Introduction
9.2 Europe Geriatric Care Devices Market Share Analysis, By Product
9.3 Europe Geriatric Care Devices Market Size and Forecast, By Application
9.4 Europe Geriatric Care Devices Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Geriatric Care Devices Market Analysis and Forecast (2020 – 2030)
10.1 Introduction
10.2 Asia Pacific Geriatric Care Devices Market Share Analysis, By Product
10.3 Asia Pacific Geriatric Care Devices Market Size and Forecast, By Application
10.4 Asia Pacific Geriatric Care Devices Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Geriatric Care Devices Market Analysis and Forecast (2020 – 2030)
11.1 Introduction
11.2 Latin America Geriatric Care Devices Market Share Analysis, By Product
11.3 Latin America Geriatric Care Devices Market Size and Forecast, By Application
11.4 Latin America Geriatric Care Devices Market Size and Forecast, By Country
12Middle East Geriatric Care Devices Market Analysis and Forecast (2020 – 2030)
12.1 Introduction
12.2 Middle East Geriatric Care Devices Market Share Analysis, By Product
12.3 Middle East Geriatric Care Devices Market Size and Forecast, By Application
12.4 Middle East Geriatric Care Devices Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Invacare Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Cardinal Health
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Kimberly-Clark
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Unicharm Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Sunrise Medical LLC
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Svenska Cellulosa Aktiebolaget
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Nippon Paper, Inc
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Medline Industries, Inc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Medical Depot, Inc
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Mobility Aids Sales & Services
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
