Italy 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 User) –Opportunity Analysis and Industry Forecast, 2024 – 2030
Industry: Healthcare | Publish Date: 02-Oct-2024 | No of Pages: 119 | No. of Tables: 87 | No. of Figures: 52 | Format: PDF | Report Code : HC1075
Italy Disabled & Elderly Assistive Device Market Overview
The Italy Disabled & Elderly Assistive Device Market size was valued at USD 1.10 billion in 2023, and is predicted to reach USD 1.95 billion by 2030, at a CAGR of 7.5% 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.
Technological Advancements Drives the Italy Disabled & Elderly Assistive Device Market Growth
Technological advancements, including advanced wheelchairs and digital health innovations, are major drivers of the Italy disabled & elderly assistive device market. These innovations are revolutionizing the functionality and user interactions of assistive devices, significantly shaping the market.
For instance, in March 2024, Sunrise Medical group launched the Allstar A2, fully adjustable multi-sport wheelchair that aims to offer extensive adjustability options, including adjustable front and rear seat height, centre of gravity, footplate, and backrest, ensuring maximum performance for athletes at every level and with varying physical abilities. These devices not only enhance the functionality and user experience but also allow for greater personalization and adaptation to individual needs, promoting independence and improving the quality of life for disabled individuals.
Increasing Aging Population Drives the Italy Disabled & Elderly Assistive Device Market Demand
Italy's demographic landscape is characterized by a growing aging population and higher life expectancy, leading to an increasing demand for assistive devices designed for age-related conditions. According to the European Commission report 2024, in Italy the share of population aged 80 years and over stood at 7.6% in 2021. As the population ages, there is a growing occurrence of chronic illnesses such as arthritis and osteoporosis. This trend underscores a growing necessity for mobility aids and sensory aids that facilitate independent living and improve overall quality of life.
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 Italian Medicines Agency (AIFA), 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 key players operating in Italy disabled & elderly assistive device industry includes Stryker Corporation, Invacare Corporation, Starkey Hearing Technologies, Medline Industries, Inc., Baxter, Thuasne, KSP Italia S.r.l., Moretti S.p.A., Termigea S.r.l., Antano Group S.r.l., and others.
Italy 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
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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
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Invacare Corporation
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Starkey Hearing Technologies
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Medline Industries, Inc.
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Baxter
-
Thuasne
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KSP Italia S.r.l.
-
Moretti S.p.A.
-
Termigea S.r.l.
-
Antano Group S.r.l.​​​​​​
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 1.10 billion |
|
Revenue Forecast in 2030 |
USD 1.95 billion |
|
Value Growth Rate |
CAGR of 7.5% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (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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