The global demand for Geriatric Care Devices Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Geriatric care devices are utilised to plan and coordinate healthcare for the elderly and those with physical or mental disabilities. These goods assist older people with their daily activities, meet their long-term care needs, and improve their quality of life. These items include wheelchairs, walkers, and adult diapers for everyday use. Nursing at home is encouraged by geriatric care devices.
Market Dynamics
The rise in the geriatric population, the prevalence of medical complications such as respiratory, neurological, orthopaedic, and cardiovascular diseases, and technological advancements such as the evolution of specialty robots that assist older people in their daily activities are driving the geriatric care devices market. Furthermore, rising demand for home care services and increasing healthcare expenditures are propelling the market forward. In addition, advances in healthcare infrastructure, an increase in elderly adults' need for a high quality of life, and the development of federal healthcare reforms in emerging nations are projected to drive market expansion in the subsequent years. Nevertheless, the expensive costs of these items, and the significant danger of accidents, impede market expansion.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of geriatric care devices. The growth and trends of geriatric care devices industry provide a holistic approach to this study.
Market Segmentation
This section of the geriatric care devices market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Wheelchairs
- Walkers
- Adult Diapers
- Others
By Application
- Gerocomium
- Sanatorium
- Hospital
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Geriatric Care Devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Geriatric Care Devices Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the geriatric care devices market include Cardinal Health, Invacare, Kimberly Clark, Svenska Cellulosa Aktiebolaget, Unicharm, Drive Medical, Kao, Medline, Mobility Aids Sales and Services, Nippon Paper, Pride Mobility Products, Principle Business Enterprises, P&G, Sunrise Medical. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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