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

  • Industry : Healthcare
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Europe elderly care medical devices market is anticipated to observe impressive growth during the forecast period, 2024-2028. The major factors driving the market growth include widespread incidence of chronic conditions, such as diabetes, cancer, asthma, arthritis, cancer, among others, and growing geriatric population are augmenting the growth of the market. According to the IDF Diabetes Atlas, as of 2021, around 61 million adults (20-79 years) are living with diabetes in the Europe. Europe has the highest number of children and adolescents (0-19 years) with type 1 diabetes which is around 295,000. Elderly care devices are devices which are utilized for planning healthcare management and coordinating care among old age people. These products are used to provide comfort in daily movements of elder age people, and also provide them with long-term care needs, thus in turn improve their quality of life. The other factors supporting the market’s growth are increasing demand for residential care facilities, increase in healthcare expenditure, investment in research and development, rising awareness regarding geriatric care devices, increase in average life expectancy, surging number of the providers, increasing spending on health and wellness, rising inclination towards homecare services, and rise in number of elderly people suffering from health conditions.

Rise in Prevalence of Chronic Diseases

Growing incidences of chronic diseases such as diabetes, cancer, osteoporosis, and others among population, is strengthening the growth of the market. In 2019, the estimated number of individuals aged 50+ living in the Europe were around 32 million. Out of this 25.5 million were females and 6.5 million were males. These devices help them to facilitate their daily living such as use of powered wheelchair can help elderly people to live independently. The decline in agility and slow reflexes of old age people make them prone to injuries and falls even at homes, therefore, need for elderly care devices is surging across the region. For instance, according to the NCDAlliance, more than one third of the European population aged 15 or above suffer from chronic disease and two out of three people at age 60 and above suffer from least two chronic conditions.

Increasing Investments

Heavy investments by various companies operating in the market for improvising the scenario of elderly care devices is expected to support the market growth. These increasing investments are invested into new startups which aims to scale up the efforts to serve elderly people. For instance, in 2021, the UK-based elderly caretech platform Birdie received USD11.5M Series A led by Index. The caretech Birdie focus to have more personalized and more preventative care so that older citizens can age at home longer, happier, and healthier.

Increasing Aging Population

The rise in the proportion of elderly people who are aged 60 and more in the country is facilitating the growth of the market. Elderly populations are more prone to various diseases such as neurological, cardiovascular, and orthopedics, due to which there is a surge in demand for elderly care devices. Also, old age people suffer from several health issues with the rising age, which in turn surge the growth of the Europe Elderly Care Medical Devices market. For instance, according to Statista data of 2021, Europe has largest proportion of the ageing population with 19%, where Italy has the largest elderly population share with 23.5% of total population.

Recent Developments

Owing to the overworked care staff, SARA (Social & Autonomous Robotic health Assistant), an innovation started by the robotic system is used as an assistant which improves the elderly care in hospitals and nursing homes. Also, it improves the quality of life of elderly residents.

In 2020, Essence Group, provider of IoT-based telecare solutions for older people, has launched a new UK-specific telecare solution set, which includes multiple communication channels such as fall detection, activity monitoring, and outdoor monitoring to meet unique needs of old age people in the UK.



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Market Segmentation

Europe elderly care medical devices market is segmented into product, end user, 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. Based on end user, the market is divided into hospitals, elderly nursing homes, assistive living facilities, homecare, and others. In terms of region, the market is segmented into France, Germany, United Kingdom, Italy, Spain, Finland, Greece, Portugal, Bulgaria, and Croatia.

 Market Players

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, and Bischoff & Bischoff GmbH are some of the leading companies operating in the market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume Units and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends

Segments covered

·         Product

·         End User

·         Company

Regional scope

France, Germany, United Kingdom, Italy, Spain, Finland, Greece, Portugal, Bulgaria, and Croatia.

Key companies profiled

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, and Bischoff & Bischoff GmbH

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Europe elderly care medical devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Elderly Care Medical Devices Market, By Product:

o    Mobility Assistance Aids

§  Wheelchairs

§  Mobility Scooters

§  Crutches and Cranes

§  Patient Mechanical Lift Handling

§  Walkers and Rollators

§  Others

o    Assistive Furniture

§  Medical Beds

§  Riser Reclining Chairs

§  Door Openers

§  Others

o    Bathroom Safety & Assistive Products

§  Bars, Grips, and Rails

§  Commode Chairs

§  Ostomy Equipment

§  Shower Chairs

§  Others

o    Communication Aids

§  Hearing Aids

§  Vision & Reading Aids

§  Speech & Writing Therapy Devices

§  Others

·         Elderly Care Medical Devices Market, By End User:

o    Hospitals

o    Elderly Nursing Homes

o    Assistive Living Facilities

o    Homecare

o    Others

·         Europe Elderly Care Medical Devices Market, By Region:

o    France

o    Germany

o    United Kingdom

o    Italy

o    Spain

o    Finland

o    Greece

o    Portugal

o    Bulgaria

o    Croatia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present Europe elderly care medical devices market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Europe Elderly Care Medical Devices Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Impact of COVID-19 on Europe Elderly Care Medical Devices Market

5.    Voice of Customer

6.    Europe Elderly Care Medical Devices Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume (In Units, By Product)

6.2.  Market Share & Forecast

6.2.1.     By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)

6.2.1.1.         By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.2.1.2.         By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.2.1.3.         By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)

6.2.1.4.         By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)

6.2.2.     By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.2.3.     By Country

6.2.4.     By Company (2022)

6.3.  Market Map

6.4.  Europe: Country Analysis

6.4.1.     France Elderly Care Medical Devices Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value & Volume

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)

6.4.1.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.4.1.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.4.1.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)

6.4.1.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)

6.4.1.2.2.             By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.4.1.3.         Pricing Analysis

6.4.2.     Germany Elderly Care Medical Devices Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value & Volume

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)

6.4.2.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.4.2.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.4.2.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)

6.4.2.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)

6.4.2.2.2.             By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.4.2.3.         Pricing Analysis

6.4.3.     United Kingdom Elderly Care Medical Devices Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value & Volume

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)

6.4.3.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.4.3.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.4.3.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)

6.4.3.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)

6.4.3.2.2.             By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.4.3.3.         Pricing Analysis

6.4.4.     Italy Elderly Care Medical Devices Market Outlook

6.4.4.1.         Market Size & Forecast

6.4.4.1.1.             By Value & Volume

6.4.4.2.         Market Share & Forecast

6.4.4.2.1.             By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)

6.4.4.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.4.4.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.4.4.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)

6.4.4.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)

6.4.4.2.2.             By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.4.4.3.         Pricing Analysis

6.4.5.     Spain Elderly Care Medical Devices Market Outlook

6.4.5.1.         Market Size & Forecast

6.4.5.1.1.             By Value & Volume

6.4.5.2.         Market Share & Forecast

6.4.5.2.1.             By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)

6.4.5.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.4.5.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.4.5.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)

6.4.5.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)

6.4.5.2.2.             By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.4.5.3.         Pricing Analysis

6.4.6.     Finland Elderly Care Medical Devices Market Outlook

6.4.6.1.         Market Size & Forecast

6.4.6.1.1.             By Value & Volume

6.4.6.2.         Market Share & Forecast

6.4.6.2.1.             By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)

6.4.6.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.4.6.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.4.6.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)

6.4.6.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)

6.4.6.2.2.             By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.4.6.3.         Pricing Analysis

6.4.7.     Greece Elderly Care Medical Devices Market Outlook

6.4.7.1.         Market Size & Forecast

6.4.7.1.1.             By Value & Volume

6.4.7.2.         Market Share & Forecast

6.4.7.2.1.             By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)

6.4.7.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.4.7.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.4.7.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)

6.4.7.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)

6.4.7.2.2.             By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.4.7.3.         Pricing Analysis

6.4.8.     Portugal Elderly Care Medical Devices Market Outlook

6.4.8.1.         Market Size & Forecast

6.4.8.1.1.             By Value & Volume

6.4.8.2.         Market Share & Forecast

6.4.8.2.1.             By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)

6.4.8.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.4.8.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.4.8.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)

6.4.8.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)

6.4.8.2.2.             By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.4.8.3.         Pricing Analysis

6.4.9.     Bulgaria Elderly Care Medical Devices Market Outlook

6.4.9.1.         Market Size & Forecast

6.4.9.1.1.             By Value & Volume

6.4.9.2.         Market Share & Forecast

6.4.9.2.1.             By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)

6.4.9.2.1.1. By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.4.9.2.1.2. By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.4.9.2.1.3. By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)

6.4.9.2.1.4. By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)

6.4.9.2.2.             By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.4.9.3.         Pricing Analysis

6.4.10.  Croatia Elderly Care Medical Devices Market Outlook

6.4.10.1.      Market Size & Forecast

6.4.10.1.1.           By Value & Volume

6.4.10.2.      Market Share & Forecast

6.4.10.2.1.           By Product (Mobility Assistance Aids, Assistive Furniture, Bathroom Safety & Assistive Products, Communication Aids, Others)

6.4.10.2.1.1.               By Mobility Assistance Aids (Wheelchairs, Mobility Scooters, Crutches and Cranes, Patient Mechanical Lift Handling, Walkers and Rollators, Others)

6.4.10.2.1.2.               By Assistive Furniture (Medical Beds, Riser Reclining Chairs, Door Openers, Others)

6.4.10.2.1.3.               By Bathroom Safety & Assistive Products (Bars, Grips, and Rails, Commode Chairs, Ostomy Equipment, Shower Chairs, Others)

6.4.10.2.1.4.               By Communication Aids (Hearing Aids, Vision & Reading Aids, Speech & Writing Therapy Devices, Others)

6.4.10.2.2.           By End User (Hospitals, Elderly Nursing Homes, Assistive Living Facilities, Homecare, Others)

6.4.10.3.      Pricing Analysis

7.    Market Dynamics

7.1.  Drivers

7.2.  Challenges

8.    Market Trends & Developments

9.    Competitive Landscape

9.1.  Business Overview

9.2.  Product Offerings

9.3.  Recent Developments

9.4.  Financials (As Reported)

9.5.  Key Personnel

9.6.  SWOT Analysis

9.6.1.     Sonova Holding AG

9.6.2.     William Demant Holding A/S.

9.6.3.     GN Resound Group

9.6.4.     Koninklijke Philips N.V.

9.6.5.     Medtronic Plc.

9.6.6.     OttoBock Healthcare GmbH

9.6.7.     Investor AB (Permobil AB)

9.6.8.     Stryker Corporation

9.6.9.     Invacare Corporation

9.6.10.  Getinge AB (Arjo)

9.6.11.  Medical Depot, Inc.

9.6.12.  Prism Medical UK

9.6.13.  Etac AB

9.6.14.  Handicare Group AB

9.6.15.  Bischoff & Bischoff GmbH

Strategic Recommendations

Figures and Tables

Frequently asked questions

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Growing ageing population base, increasing incidences of chronic diseases, and rise in number of startups in the country are driving the demand for the Europe elderly care medical devices market.

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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, and Bischoff & Bischoff GmbH are the key players operating in the Europe elderly care medical devices market.

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On the basis of product, the Europe elderly care medical devices market is segmented into mobility assistance aids, assistive furniture, bathroom safety & assistive products, and communication aids.

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The strict reimbursement policies, low penetration rate for elderly care products, and lack of knowledge among elders to operate the devices are likely to hamper the growth of Europe elderly care medical devices market.

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Sakshi Bajaal

Business Consultant
Press Release

Europe Elderly Care Medical Devices Market to be dominated by Growing Technological Advancements through 2028

Dec, 2022

Increasing geriatric population along with various health conditions to drive the elderly care medical devices market in the forecast period, 2024-2028.

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