Italy 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 Italy Disabled & Elderly Assistive Device Market size was valued at USD 794.62 Million in 2023, and is predicted to reach USD 1045.60 million by 2030, with a CAGR of 3.9% from 2024 to 2030. The disabled & assistive device industry plays a crucial role in empowering individuals with disabilities and older adults to live more independent and fulfilling lives. By designing and manufacturing specialized tools and systems, this industry helps address a wide range of physical, sensory, cognitive, and developmental limitations.
From simple mobility aids like canes and walkers to sophisticated communication devices that use speech-to-text technology, the assistive device industry encompasses a vast array of products that can help people with disabilities perform everyday tasks and improve their quality of life.
Technological Advancements is Driving the Growth of Assistive Devices Market
The Disabled and Elderly Assistive Device Market in Italy is undergoing a remarkable transformation fueled by continuous technological advancements. Cutting-edge innovations such as smart home technologies, wearable devices, and robotics are revolutionizing the field of assistive devices. Smart home integration, characterized by voice-activated assistants and automated systems, is empowering individuals with mobility challenges to navigate their living spaces with greater ease. Robotics, encompassing exoskeletons and robotic arms, is providing mobility assistance and support for daily tasks, opening up new possibilities for individuals with impairments.
Government Initiatives Drives the Growth of Disabled & Elderly Assistive Device Industry
In Italy, the growth of the assistive device industry is significantly influenced by government initiatives aimed at enhancing the quality of life and independence of the disabled and elderly population. These initiatives encompass a range of policies and programs designed to support both consumers and manufacturers in the assistive device market. The government provides subsidies and financial support to individuals and families, making assistive devices more affordable and accessible. Tax incentives are also offered, encouraging investments in this sector, which, in turn, stimulates both demand and innovation.
High Cost and Affordability of Assistive Devices Hinders the Regional Market Growth
The high cost of assistive devices in Italy often puts them out of reach for many individuals, especially those in developed and underdeveloped countries who have low or fixed incomes. This lack of access creates a significant barrier for a large portion of the population, preventing them from benefiting from these life-changing tools. Moreover, a widespread lack of awareness about the availability and benefits of assistive technologies among individuals, caregivers, and even healthcare professionals contribute to their underutilization.
Integration of Advanced Technologies Creates Ample Growth Opportunity for the Assistive Device Industry
In Italy, the assistive device is transforming and becoming 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 Italy 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.
Italy 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
-
-
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 794.62 Million |
|
Revenue Forecast in 2030 |
USD 1045.60 Million |
|
Growth Rate |
CAGR of 3.9% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
Aging Population Drives Demand for Assistive Devices in Italy Government Initiatives Drives the Growth in Italy'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
-
Sunrise Medical LLC
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Bausch & Lomb, Inc.
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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.
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