China Disabled & Elderly Assistive Device Market by Type (Living Aids, Hearing Aids, Mobility Aids, Medical Furniture, and Bathroom Safety Equipment), and by End User (Hospitals, Elderly Nursing Homes, Home Care, and Other End Users) – Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Healthcare | Publish Date: 11-Dec-2023 | No of Pages: 133 | No. of Tables: 99 | No. of Figures: 64 | Format: PDF | Report Code : N/A
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Market Definition
The China Disabled & Elderly Assistive Device Market size was valued at USD 1.60 billion in 2023, and is predicted to reach USD 2.42 billion by 2030, with a CAGR of 5.9% from 2024 to 2030. The assistive device industry plays a crucial role in fostering independence and enhancing the quality of life for individuals with disabilities and older adults. Through the development and manufacturing of specialized tools and systems, this industry caters to a wide spectrum of limitations, ranging from physical and sensory impairments to cognitive and developmental challenges.
At the intersection of healthcare, technology, and accessibility, the assistive device industry spearheads innovative solutions such as mobility aids, communication devices, and home automation systems. Driven by an aging population, rapid technological progress, and evolving regulatory frameworks, this industry prioritizes inclusivity and continuously adapts to meet the ever-changing needs of its diverse user base.
Rising Aging Population Fuels Demand for Assistive Devices in China
China's aging population is on the rise, driving a growing need for assistive technologies. As the Chinese population ages, a significant portion is confronted with age-related challenges, including physical limitations and cognitive decline. Assistive technologies play a crucial role in addressing these issues and empowering older adults to maintain their well-being and quality of life. These advancements not only alleviate the burden on caregivers but also offer cost-effective alternatives to institutional care.
Government Initiatives Promoting China's Assistive Device Industry
In recognition of the growing elderly population and their unique needs, the Chinese government is actively promoting and supporting the development of assistive devices specifically designed for older adults. This commitment to comprehensive care and support for the elderly is driving the growth of the disabled & elderly assistive device industry within China, mirroring a global trend of governments taking proactive measures to enhance the quality of life for their aging citizens.
High Cost and Affordability of Assistive Devices Hinders the Market Growth in China
Financial constraints often limit access to assistive technologies, particularly for individuals in China. This lack of accessibility hinders a substantial portion of the population from utilizing these transformative devices. Furthermore, limited awareness about the availability and advantages of assistive technologies among individuals, caregivers, and even healthcare professionals contribute to their underuse.
Integration of Future Technologies such as AI and ML for the China Assistive Device Industry
Assistive technology in China is undergoing a transformation to become more personalized, accessible, and productive than ever before. This is due in large part to advancements in artificial intelligence (AI) and machine learning (ML), which are enabling assistive devices to be tailored to individual needs and adapt to changing conditions. The Internet of Things (IoT) and smart home systems are also empowering users to control their environments more independently than before.
Wearable devices and sensors are monitoring health metrics in real-time, providing valuable insights for self-care and overall well-being. Robotics-powered mobility aids and exoskeletons are augmenting physical capabilities, while augmented reality (AR) and virtual reality (VR) technologies are revolutionizing training and rehabilitation programs. These groundbreaking innovations are reshaping the assistive technology industry, expanding the range and efficacy of solutions while making them more accessible to those who need them.
Competitive Landscape
Various market players operating in the China disabled & elderly assistive device market include Invacare Corporation, Sunrise Medical LLC, Bausch & Lomb, Inc., Permobil AB, Siemens Healthcare, Freedom Scientific, Inc., William Demant Holding A/S, Starkey Hearing Technologies, GN ReSound Group, Ai Squared, Blue Chip Medical Products, Inc., MED-EL, Liberator Ltd., Drive Medical Design and Manufacturing, Exact Dynamics B.V., and others.
China Disabled & Elderly Assistive Device Key Market Segments
By Type
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Living Aids
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Hearing Aids
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Behind-the-ear Aids (BTE)
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Receiver-in-the-Ear Aids (RITE)
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In-the-Ear Aids (ITE)
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Bone Anchored Hearing Aids (BAHA)
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Canal Hearing Aids
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Cochlear Implants
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Reading and Vision Aids
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Braille Translators
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Video Magnifiers
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Reading Machines
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Others
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Mobility Aids
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Walkers & Rollators
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Canes & Walking Sticks
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Crutches
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Transfer Lifts or Patient Mechanical Lift Handling
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Door Openers
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Others
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Medical Furniture
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Medical Beds
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Door Openers
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Medical Furniture Accessories
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Riser Reclining Chairs
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Others
-
-
Bathroom Safety Equipment
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Shower Chairs
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Commodes
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Ostomy Products
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Bars, Grips, & Rails
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By End User
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Hospitals
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Elderly Nursing Homes
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Home Care
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Other End Users
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 1.60 Billion |
|
Revenue Forecast in 2030 |
USD 2.42 Billion |
|
Growth Rate |
CAGR of 5.9% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
Aging Population Fuels Demand for Assistive Devices in China Government Initiatives Promoting China's Assistive Device Industry |
|
Companies Profiled |
15 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
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Invacare Corporation
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Sunrise Medical LLC
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Bausch & Lomb, Inc.
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Permobil AB
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Siemens Healthcare
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Freedom Scientific, Inc.
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William Demant Holding A/S
-
Starkey Hearing Technologies
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GN ReSound Group
-
Ai Squared
-
Blue Chip Medical Products, Inc.
-
MED-EL
-
Liberator Ltd.
-
Drive Medical Design and Manufacturing
-
Exact Dynamics B.V.
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