Indonesia Disabled and Elderly Assistive Device Market by Type (Mobility Impairments, Hearing Impairments, Visual Impairments, Cognitive Impairments, and Self-Care), 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: 03-Oct-2024 | No of Pages: 120 | No. of Tables: 87 | No. of Figures: 52 | Format: PDF | Report Code : HC2697
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Indonesia Disabled & Elderly Assistive Device Market Overview
The Indonesia Disabled & Elderly Assistive Device Market size was valued at USD 343.9 million in 2023, and is predicted to reach USD 1139.8 million by 2030, at a CAGR of 17.5% from 2024 to 2030.
The disabled & elderly assistive device market refers to a wide range of products and services designed to support the aging population and individuals with disabilities in maintaining their autonomy and improving their quality of life. This market covers medical furniture, hearing aids, mobility aids and living aids, that are crucial for managing chronic conditions and ensuring safety.
Innovations in these areas are driven by the need to address the growing challenges of an aging population and the diverse requirements of individuals with disabilities, making this market integral to enhancing accessibility and wellbeing. This market is fueled by growing rate of disabled individuals, rapid technological advancements, and evolving regulatory landscapes, the assistive device industry prioritizes inclusivity and continuously adapts to meet the ever-changing needs of its diverse user base.
The Rising Aging Population Drives the Indonesia Disabled & Elderly Assistive Device Market Demand
Indonesia's demographic shift towards an aging population is creating significant demand in the Indonesia disabled & elderly assistive device market. As more individuals enter older age brackets, there is an increasing prevalence of age-related health issues and mobility challenges. According to the World Bank Group report 2022, Indonesia’s population aged 65 and more stood at 7% of overall population. This trend underscores the growing need for devices and devices that enhance independent living and improve the quality of life for seniors. Innovations in mobility aids, home care devices, and healthcare solutions tailored to aging populations are essential to address these evolving healthcare needs in Indonesia.
The Rising Healthcare Expenditure Significantly Fuels the Indonesia Disabled & Elderly Assistive Device Market Growth
The healthcare expenditure is driving the demand for assistive devices across the region. With increased government investment in healthcare infrastructure and services, there is a significant boost in the availability and adoption of advanced medical devices. According to the World Bank Group report 2024, the share of healthcare expenditure of GDP in Indonesia stood at 3.7% in 2021.
Moreover, Indonesia’s healthcare expenditure per capita stood at USD 160.7 in 2021. This financial commitment ensures a wide array of assistive devices, ranging from basic aids to sophisticated medical equipment, are accessible to cater to the needs of the elderly and disabled population. The emphasis on improving healthcare quality and accessibility plays a crucial role in stimulating the growth of Indonesia disabled & elderly assistive device market trends.
The Regulatory Challenges Hinders the Growth of the Market
The disabled & elderly assistive device market faces significant regulatory challenges that restrain growth and innovation. Regulatory bodies such as the National Agency of Drug and Food Control (NADFC), and other national agencies impose stringent approval processes, requiring assistive products, especially medical devices, to undergo extensive testing and certification before entering the market. This ensures safety and efficacy but delays product launches and elevate costs significantly. These factors collectively pose substantial barriers, limiting the availability of assistive devices in the market.
The Integration of AI Into Assistive Device is Expected to Create Ample Growth Opportunity for the Market
The integration of assistive technology such as artificial intelligence (AI) and advanced sensors into disabled & elderly assistive devices represents a transformative leap towards a future where these devices are not only more advanced but also more personalized and accessible than ever before.
AI enables assistive devices to evolve beyond static solutions, becoming dynamic and adaptable to the specific needs of each user. Through machine learning algorithms, these devices learn from user interactions, continuously improving their functionality and responsiveness.
Competitive Landscape
The promising key players operating in Indonesia disabled & elderly assistive device industry includes Stryker Corporation, Starkey Hearing Technologies, Sermex Mobility Ltd., Foshan Dongfang Medical Equipment Manufactory (Ltd.), Sunrise Medial, Paramount Indonesia, HexaFit Go, JBH Medical, Comfort Mobility, Dragon Medical Co., Ltd., and others.
Indonesia Disabled & Elderly Assistive Device Market Key Segments
By Type
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Mobility Impairments
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Wheelchairs
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Walkers and Rollators
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Canes and Walking Sticks
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Crutches
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Portable Ramps
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Others
-
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Hearing Impairments
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Hearing aids
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FM System
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Deafblind communicators for hearing
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Visual Impairments
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Screen readers
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Optical magnifiers
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Smart phones for vision
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Braille writing equipment
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Talking Devices
-
-
Cognitive Impairments
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Self-Care
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Shower Chairs
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Grab-bars/handrails
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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
Key Players
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Stryker Corporation
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Starkey Hearing Technologies
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Sermex Mobility Ltd.
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Foshan Dongfang Medical Equipment Manufactory (Ltd.)
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Sunrise Medial
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Paramount Indonesia
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HexaFit Go
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JBH Medical
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Comfort Mobility
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Dragon Medical Co., Ltd.
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 343.9 million |
|
Revenue Forecast in 2030 |
USD 1139.8 million |
|
Value Growth Rate |
CAGR of 17.5% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
|
|
Companies Profiled |
10 |
|
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. |
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