Spain 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: 119 | No. of Tables: 87 | No. of Figures: 52 | Format: PDF | Report Code : HC1076
Spain Disabled & Elderly Assistive Device Market Overview
The Spain Disabled & Elderly Assistive Device Market size was valued at USD 1.04 billion in 2023, and is predicted to reach USD 2.12 billion by 2030, at a CAGR of 9.7% 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 sector 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.
Rising Disability Rates in the Country Fuels the Spain Disabled & Elderly Assistive Device Market
The rising disability rate in Spain is drives the demand for disabled & elderly assistive device market across the nation. With more individuals facing disabilities due to aging, chronic illnesses, and accidents, there is a growing necessity for innovative assistive devices. These advancements aim to improve mobility, sensory capabilities, and overall quality of life for people with disabilities in Spain.
According to the Eurostat report 2024, the disability rate of Spain stood at 30.4% among the overall population This trend underscores the importance of developing devices such as mobility aids, home care devices, and personalized medical devices to meet diverse needs. Healthcare providers are actively working to improve the accessibility and affordability of these devices, promoting wider adoption and support throughout the country.
Growing Aging Population Boosts the Spain Disabled & Elderly Assistive Device Market Demand
Spain is experiencing a demographic transition due to rising aging population, driving a substantial demand in the Spain disabled & elderly assistive device market for assistive devices for the disabled and elderly. With the growing number of senior citizens, the need for devices that address age-related health issues and support autonomous living becomes critical.
According to the European Commission report 2023, in Spain the share of population aged 80 years and over stood at 6.0%. This demographic shift towards an aging population in Spain creates significant growth opportunity for disabled and elderly assistive device market.
The Regulatory Challenges Hinders the Growth of the Market
The Spain disabled and elderly assistive device market expansion faces significant regulatory challenges that restrain growth and innovation. Regulatory bodies such as the Spanish Agency of Medicines and Medical Products (AEMPS), 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 sector.
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 the Spain disabled & elderly assistive device industry includes Starkey Hearing Technologies, Medline Industries, Inc., Baxter, Thuasne, Orliman, Ayudas Dinámicas, Rehagirona, Surace, Adom Autonomía, B&B Iberia, and others.
Spain 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
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Shower Chairs
-
Grab-bars/handrails
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By End User
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Hospitals
-
Elderly Nursing Homes
-
Home Care
-
Other End Users
Key Players
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Starkey Hearing Technologies
-
Medline Industries, Inc.
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Baxter
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Thuasne
-
Orliman
-
Ayudas Dinámicas
-
Rehagirona
-
Surace
-
Adom Autonomía
-
B&B Iberia
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size Value in 2023 |
USD 1.04 billion |
|
Revenue Forecast in 2030 |
USD 2.12 billion |
|
Value Growth Rate |
CAGR of 9.7% 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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