With the slowdown in world economic growth, the Geriatric Care Devices industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Geriatric Care Devices market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, analysts believe that in the next few years, Geriatric Care Devices market size will be further expanded, we expect that by 2023, The market size of the Geriatric Care Devices will reach (2023 Market size XXXX) million $.
This Report covers the manufacturers’ data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
The report published in BIS on the global geriatric care devices market revealed the growth of the market to be at a notable pace. The valuation of the geriatric care devices market was further stated to surpass its previous valuation.
Geriatric care devices are medical devices that are used for the planning of healthcare management and organizing the care of the older population as well as people with physical or mental issues or impairments. These devices offer comfort to the daily activities of the older population, improve their quality of life, promotes nursing at home, and provides them with long-term care needs. Geriatric care devices primarily includes walkers, wheelchairs, and adult diapers for daily routine.
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The driving factors of the global market include the rising geriatric population across the globe, fast-paced technological advancement, and widespread prevalence of various medical conditions and complications like neurological, respiratory, orthopedic, and cardiovascular diseases. Add to this, the increasing demand for home care-based services and the increasing level of expenditure in the healthcare sector is also expected to boost the growth of the market. However, on the other hand, the high pricing level of these products and the potential high risk of accidents can limit the growth of the market in the coming years.
The global geriatric care devices market has been segmented in terms of type and industry.
By product type, the market divides into walkers, wheelchairs, adult diapers, and others.
By industry, the market includes sanatorium, gerocomium, hospitals, and others.
The global geriatric care devices market is geographically distributed across the following key regions: Latin America, Asia Pacific, North America, Europe, and the Middle East and Africa.
The market in both Europe and North America are projected to gain considerable growth during the forecast period. This can be due to the well-established healthcare infrastructure herein, presence of a large section of key players, and favorable reimbursement policies. Add to this, increasing number of mergers and acquisition activities between players in the international and regional level in this region is also expected to boost the market herein.
The Asia Pacific regional market for geriatric care devices is projected to gain significant growth in the coming years. This is due to the rising disposable income, increasing expenditure on the healthcare industry from the government, and the presence of various key players.
The global geriatric care devices market comprises a host of key players. This includes names like 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
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Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
July 2019, the first-ever, one of its kind, Medical Device Hackathon is slated to be held at IISC Bangalore. The event named “Re Imagine Health 2019” is supported by MedTech and Geriatric Healthcare Technology Business Incubator.
Aug 2019, Portea Medical, a leading home healthcare provider, announced the launch of its healthcare service line named the Portea Health Prime for people above the age of 65 years.
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