Netherlands 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 : HC2700
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Netherlands Disabled & Elderly Assistive Device Market Overview
The Netherlands Disabled & Elderly Assistive Device Market size was valued at USD 843.3 million in 2023, and is predicted to reach USD 1857.9 million by 2030, at a CAGR of 10.9% 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 industry 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 disability support devices 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.
Rising Disability Rates Fuels the Demand for Assistive Devices
Netherland's increasing disability rate is driving the demand for the disabled and elderly assistive device market. Individuals facing disabilities from aging, chronic illnesses, and accidents are fueling a growing need for devices that enhance independent living and improve quality of life.
According to the Eurostat report 2024, the disability rate of Netherland stood at 32.3% among the overall population. This trend highlights the importance of innovative solutions such as mobility aids and medical devices, supported by accessible healthcare policies and funding initiatives. Netherland aims to enhance societal inclusion and well-being by ensuring widespread availability and affordability of these assistive devices.
Extensive Healthcare Expenditure Drives Growth of the Assistive Device Market
The region's extensive healthcare expenditure serves as a pivotal factor for the Netherlands disabled & elderly assistive device market growth, enabling significant investments in healthcare infrastructure and advanced medical devices.
As per the European Commission report 2024, through healthcare expenditure Netherland contributes 11.1% toward its GDP. With healthcare expenditures among the leading in Europe, the Netherlands dedicates a substantial share of its GDP to healthcare, thereby ensuring ample funding for the integration and advancement of assistive devices.
The Regulatory Challenges Hinders the Growth of the Market
The Netherlands disabled & elderly assistive device market trends faces significant regulatory challenges that restrain growth and innovation. Regulatory bodies such as the Dutch Healthcare Authority (NZa), 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 tools in the Netherlands disabled & elderly assistive device market.
The Integration of AI into Assistive Device is Expected to Create Ample Growth Opportunities 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 Netherlands disabled & elderly assistive device industry includes Stryker Corporation, Invacare Corporation, Starkey Hearing Technologies, Medline Industries, Inc., Baxter, Thuasne, Hollister Nederland B.V., Sunrise Medical LLC, Assistive Innovations bv, Elitac Wearables, and others.
Netherlands 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
-
Self-Care
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Shower Chairs
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Grab-bars/handrails
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By End User
-
Hospitals
-
Elderly Nursing Homes
-
Home Care
-
Other End Users
Key Players
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Stryker Corporation
-
Invacare Corporation
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Starkey Hearing Technologies
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Medline Industries, Inc.
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Baxter
-
Thuasne
-
Hollister Nederland B.V.
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Sunrise Medical LLC
-
Assistive Innovations bv
-
Elitac Wearables
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 843.3 million |
|
Revenue Forecast in 2030 |
USD 1857.9 million |
|
Value Growth Rate |
CAGR of 10.9% 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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