UK 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 UK Disabled & Elderly Assistive Device Market size was valued at USD 1.28 billion in 2023, and is predicted to reach USD 1.89 billion by 2030, with a CAGR of 5.4% from 2024 to 2030. The disabled & elderly assistive device industry empowers individuals with disabilities and older adults to live more independent and fulfilling lives by designing and manufacturing specialized tools and systems. This industry includes a wide range of devices and software solutions tailored to address physical, sensory, cognitive, and developmental limitations.
Operating at the convergence of healthcare, technology, and accessibility, it gives rise to innovative solutions such as mobility aids, communication devices, and home automation systems. Fueled by an aging population, 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 Aging Population Demographics Create Demand for Assistive Devices
The U.K. is experiencing a significant demographic shift, with an increasingly aging population. This transformation is characterized by a growing proportion of individuals aged 65 and above, largely attributed to factors like improved healthcare and declining birth rates. As people age, they are more likely to encounter age-related health challenges and disabilities, creating a substantial demand for assistive devices designed to enhance their quality of life. This demographic change is a prominent driver for the disabled and elderly assistive device industry in the U.K.
Additionally, the aging population places heightened pressure on healthcare and social services. The cost of caring for a growing number of elderly individuals strains public healthcare systems and social care services.
The Rise of Customization and Personalization in Assistive Device Foster the Industry
In the UK's assistive technology sector, the rising demand for customized and personalized devices reflects a shift towards catering to the specific and diverse needs of users. Recognizing the wide spectrum of disabilities and ageing challenges, this trend promotes assistive devices that can be tailored to individual requirements.
Beyond functional considerations, customization ensures comfort and usability, with adjustable features enhancing the overall user experience. Personalized solutions not only improve adherence to prescribed routines but also integrate technology seamlessly with individual preferences.
High Cost and Affordability of Assistive Devices Hinders the Market Growth
The high cost of assistive technologies in the U.K. often puts them out of reach for many individuals, especially those in developing 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.
The Fusion of AI and ML into Assistive Devices is Paving the Way for a Thriving Future
Assistive technology is undergoing a remarkable transformation in the UK, becoming more personalized, accessible, and effective than ever before. This is being driven by significant advancements in artificial intelligence (AI) and machine learning (ML), which are enabling assistive devices to be tailored to individual needs and adapt to changing circumstances. The Internet of Things (IoT) and smart home systems are also empowering users to control their environments with greater independence than ever before.
Wearable devices and sensors are continuously monitoring health metrics, providing valuable insights for self-management 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 landscape in the UK, 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 UK 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.
UK 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 1.28 Billion |
|
Revenue Forecast in 2030 |
USD 1.89 Billion |
|
Growth Rate |
CAGR of 5.4% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
Government Initiatives Supporting the Disabled and Elderly in the UK Aging Population Drives Demand for Assistive Devices in the UK |
|
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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