Saudi Arabia 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: 12-Dec-2023 | No of Pages: 133 | No. of Tables: 99 | No. of Figures: 64 | Format: PDF | Report Code : N/A
Market Definition
The Saudi Arabia Disabled & Elderly Assistive Device Market size was valued at USD 137.35 million in 2023, and is predicted to reach USD 207.60 million by 2030, with a CAGR of 5.8% from 2024 to 2030. The 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 Creates Demand for Assistive Devices in Saudi Arabia
The aging population in Saudi Arabia stands as a crucial driver for the disabled and elderly assistive device market. As the country experiences a demographic shift with an increasing proportion of elderly individuals, there is a corresponding rise in age-related disabilities and health conditions. This demographic trend fuels a growing demand for assistive devices that cater to the unique needs of the elderly population. Mobility challenges, sensory impairments, and other health issues become more prevalent with age, creating a market niche for products such as walking aids, hearing aids, and mobility scooters.
Government Initiatives Promoting Saudi Arabia's Assistive Device Industry
Government initiatives in Saudi Arabia play a crucial role in propelling the growth of the disabled and elderly assistive device market. These initiatives include financial assistance programs, policy frameworks, and awareness campaigns. Financial aid, in the form of subsidies and grants, makes assistive devices more affordable, expanding their accessibility.
Moreover, inclusive infrastructure developments, supported by government initiatives, ensure that public spaces and services are accessible to all. Overall, these efforts stimulate market demand, reduce financial barriers, and foster innovation, contributing to an improved quality of life for the disabled and elderly in Saudi Arabia.
High Cost and Affordability of Assistive Devices Hinders the Market Growth in Saudi Arabia
The high cost of assistive devices in Saudi Arabia 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.
Advanced Tech Integration Creates Ample Opportunity for Saudi Arabia's Assistive Device Industry
In Saudi Arabia, assistive technology is undergoing a transformation becoming more personalized, accessible, and productive than ever before. This is due in large part to advancements in artificial intelligence (AI) and machine learning (ML), which are enabling assistive devices to be tailored to individual needs and adapt to changing conditions. The Internet of Things (IoT) and smart home systems are also empowering users to control their environments more independently than before.
Wearable devices and sensors are monitoring health metrics in real-time, providing valuable insights for self-care 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 industry, 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 Saudi Arabia 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.
Saudi Arabia Disabled & Elderly Assistive Device Key Market Segments
By Type
-
Living Aids
-
Hearing Aids
-
Behind-the-ear Aids (BTE)
-
Receiver-in-the-Ear Aids (RITE)
-
In-the-Ear Aids (ITE)
-
Bone Anchored Hearing Aids (BAHA)
-
Canal Hearing Aids
-
Cochlear Implants
-
Reading and Vision Aids
-
Braille Translators
-
Video Magnifiers
-
Reading Machines
-
Others
-
-
Mobility Aids
-
Walkers & Rollators
-
Canes & Walking Sticks
-
Crutches
-
Transfer Lifts or Patient Mechanical Lift Handling
-
Door Openers
-
Others
-
-
Medical Furniture
-
Medical Beds
-
Door Openers
-
Medical Furniture Accessories
-
Riser Reclining Chairs
-
Others
-
-
Bathroom Safety Equipment
-
Shower Chairs
-
Commodes
-
Ostomy Products
-
Bars, Grips, & Rails
-
By End User
-
Hospitals
-
Elderly Nursing Homes
-
Home Care
-
Other End Users
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 137.35 Million |
|
Revenue Forecast in 2030 |
USD 207.60 Million |
|
Growth Rate |
CAGR of 5.8% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Million (USD) |
|
Growth Factors |
Changing lifestyles fuels demand for assistive devices in Saudi Arabia Government initiatives promoting Saudi Arabia's assistive device industry |
|
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
-
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.
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Frequently Asked Questions
Download Free Sample
Speak to Our Analyst
Related Report
Related Blogs
Role Of Companies In Shaping The Blood Gas And Electrolyte Analyzer Market
According to Next Move Strategy Consulting, the global blood...
Analysis of Key Players Operating in the Global Surgical Instrument Industry
Next Move Strategy Consulting forecasts more than 1.7-fold g...
CBCT Industry Is Dominated By Dentsply Sirona, Philips, & Vatech With More Than 45% – Know Why
Next Move Strategy Consulting predicts a significant growth...
