Middle East 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: 02-Oct-2024 | No of Pages: 120 | No. of Tables: 87 | No. of Figures: 52 | Format: PDF | Report Code : HC2699
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Middle East Disabled & Elderly Assistive Device Market Overview
The Middle East Disabled & Elderly Assistive Device Market size was valued at USD 470.3 million in 2023, and is predicted to reach USD 1233.3 million by 2030, at a CAGR of 13.7% from 2024 to 2030.
The market for disabled & elderly assistive devices 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 sector 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 for assistive technology for the disabled is fueled by growing rate of such individuals, rapid technological advancements, and the evolving regulatory landscapes. The industry prioritizes inclusivity and continuously adapts to meet the ever-changing needs of its diverse user base.
Growing Disability Rates Fuels the Demand for Assistive Devices Across the Region
The increasing healthcare expenditure is propelling the growth of the disabled & elderly assistive device market across the Middle East region. Governments and private sectors are investing heavily in healthcare infrastructure, services, and advanced medical devices. The World Bank Group report 2024 stated that UAE’s healthcare expenditure per capita accounted for USD 4065.7 and it contributes 5.3% to the GDP of UAE.
This substantial financial commitment ensures that a wide array of assistive devices, such as mobility aids, home healthcare equipment, and cutting-edge medical devices, are developed and made accessible.
By enhancing the availability and adoption of these devices, the rising healthcare spending supports the diverse needs of the aging and disabled populations, driving the Middle East disabled & elderly assistive device market expansion across the region.
The Rapidly Increasing Aging Population Across the Region Fuels the Growth of the Market
The rising aging population in the region is significantly driving the Middle East disabled & elderly assistive device market demand. As people are aging, the region is facing a growing need for devices and products that address age-related health issues and mobility challenges.
According to the report of Italian Institute for International Political Studies report 2023, Israel’s population ages 65 and older accounted for 1.1 million of overall population that is equivalent to 11.8% in 2020. This demographic shift amplifies the importance of developing and providing innovative assistive solutions, including mobility aids, home healthcare devices, and advanced medical devices.
These tools are essential in supporting independent living and enhancing the quality of life for the elderly population in the region, hence propelling the Middle East disabled & elderly assistive device market expansion.
The High Cost Associated with Assistive Devices Hinders the Middle East Disabled & Assistive Device Market Growth
The high cost of assistive devices creates significant barriers for people in developing and underdeveloped countries, particularly those with low or fixed incomes. These essential tools, that greatly improve the quality of life for individuals with disabilities, often remain out of reach due to the stark economic disparities and limited financial resources.
Factors such as high import costs, inadequate government support, and lack of affordable financing options exacerbate this problem, preventing many from accessing devices such as living aids, hearing aids and mobility aids, hence limiting the Middle East disabled & elderly assistive device market expansion across the region.
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 players operating in the Middle East disabled & elderly assistive device industry includes Stryker Corporation, Medline Industries, Inc., Baxter, Gliani Mobility, Manafeth, Ostrich Mobility, Al Anwar Medical, HiTech Innovations, Escape Mobility, Mosaikx, and others.
Middle East 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
-
-
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
-
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
-
Elderly Nursing Homes
-
Home Care
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Other End Users
Key Players
-
Stryker Corporation
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Medline Industries, Inc.
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Baxter
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Gliani Mobility
-
Manafeth
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Ostrich Mobility
-
Al Anwar Medical
-
HiTech Innovations
-
Escape Mobility
-
Mosaikx
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 470.3 million |
|
Revenue Forecast in 2030 |
USD 1233.3 million |
|
Value Growth Rate |
CAGR of 13.7% 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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