Denmark 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 : HC2693
Denmark Disabled & Elderly Assistive Device Market Overview
The Denmark Disabled & Elderly Assistive Device Market size was valued at USD 743.6 million in 2023, and is predicted to reach USD 1584.3 million by 2030, at a CAGR of 10.4% 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.
Government Initiatives Propels the Demand for Assistive Devices Across the Country
Denmark's proactive government initiatives play a crucial role in stimulating the demand for assistive devices by creating a supportive environment for innovation, accessibility, and adoption within the healthcare sector. For instance, in 2023 the Danish Government introduced the concept of device partnerships to expand the digital transformation in Danish municipalities, focusing on virtual visits within home care to address the challenges related with elderly population. These initiatives are designed to improve the quality of life and promote independence among elderly and disabled individuals through targeted policies and strategic investments.
The Rising Aging Population Drives the Denmark Disabled & Elderly Assistive Device Market Growth
Denmark is witnessing a demographic shift due to growing aging population, that plays a crucial role in driving the Denmark disabled & elderly assistive device market demand. According to the European Commission report 2024, the Denmark population estimated at 5.9 million and more than 20.5% of people aged 65 years and over. With a rising proportion of elderly individuals, there is a growing demand for devices and devices designed to address age-related health conditions and promote autonomy in daily living.
The Regulatory Challenges Hinders the Growth of the Market
The disabled and elderly assistive device market faces significant regulatory challenges that restrain growth and innovation. Regulatory bodies such as the Danish Health and Medicines Authority, 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 players operating in Denmark disabled & elderly assistive device industry includes Stryker Corporatio, Invacare Corporation, Baxter, WS Audiology A/S, GN Store Nord A/S, R82 A/S, Pressalit, Linak A/S, Vermund Larsen A/S, HMI-basen, and others.
Denmark 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
-
-
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
-
Shower Chairs
-
Grab-bars/handrails
-
By End User
-
Hospitals
-
Elderly Nursing Homes
-
Home Care
-
Other End Users
Key Players
-
Stryker Corporatio
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Invacare Corporation
-
Baxter
-
WS Audiology A/S
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GN Store Nord A/S
-
R82 A/S
-
Pressalit
-
Linak A/S
-
Vermund Larsen A/S
-
HMI-basen
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 743.6 million |
|
Revenue Forecast in 2030 |
USD 1584.3 million |
|
Value Growth Rate |
CAGR of 10.4% 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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