London, 11 November 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Elderly and Disabled Assistive Market 2015-2019, which is expected to grow at a CAGR of 5.59 percent during the period 2014-2019.
The prevalence of disability among the population has led to the development of devices to aid them in daily activities. Government support and initiatives have led to the adoption of assistive devices such as wheelchairs, hearing aids, and ostomy products.
“Several cochlear implant vendors have addressed the needs of the aging population by developing products that increase the quality of digital sound,” says Faisal Ghaus, Vice President of TechNavio.
“Manufacturers are developing cosmetically appealing cochlear implant devices to target the younger disabled population.”
Key Market Drivers
- Increasing Elderly Population
- Increased Prevalence of Disability
- Government Support and Initiatives
- Favorable Reimbursement Scenario
Key Market Trends
- Increased Usage of Cochlear Implants
- Increased Online Sale of Products
- Increased Wheelchair Rental Services
Key Market Vendors
- Invacare Corp.
- Sonova Holding AG
- Sunrise Medical LLC
- William Demant Holding Group
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
