What is Disability Devices Market?
Disability devices are the devices used to overcome impairments, cognitive difficulties and disabilities in the geriatric and disabled population. Disability devices include wheelchairs, prostheses, visual aids, hearings aids, and specialized computer software and hardware. These devices help people for living a self-dependent and dignified life, ensuring a regular, active and healthy social interaction.
The market study is being classified by Type (Vision Aids, Hearing Aids and Mobility Aids {Wheelchairs and Mobility Scooters}), by Application (Hospitals, Home Care, Ambulatory Care Centers, Rehabilitation Centers and Others) and major geographies with country level break-up.
Cochlear Ltd. (Australia), GF Health Products Inc. (Georgia), GN ReSound (Denmark), Drive Medical Design And Manufacturing (United States), Freedom Scientific, Inc. (United States), Ai SquaredAi (United States), Blue Chip Medical Products, Inc. (United States), Permobil AB (Sweden), Invacare Corporation (United States) and Sonova Holding AG (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are William Demant Holding (Denmark), Sunrise Medical (United States) and Ottobock (Germany).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Disability Devices market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Disability Devices market by Type, Application and Region.
On the basis of geography, the market of Disability Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Geriatric Population
- Increase in Chronic Diseases
- Easy Availability of Disability Devices
Market Trend
- Most Widely Used and Developed Voice Assistants
Restraints
- Low Level of Acceptance for Some Devices
Opportunities
- Growing Healthcare Industry Worldwide
- Increasing Number of Hospitals and Clinics
- Increased Health Care Awareness
Challenges
- High Cost of the Disability Devices
Market Leaders and some development strategies
On 16 April 2015, Sonova Holding AG, announced that it has successfully completed the previously announced acquisition of Hansaton Akustik GmbH, a Hamburg, Germany, based wholesale hearing aid company.
On 27th June 2018, Cochlear Limited, the global leader in implantable hearing solutions, released Nucleus Smart App for Android, offering greater connectivity than ever before for people in the United Kingdom living with disabling hearing loss. Users of the Nucleus 7 Sound Processor can now control their hearing with the Nucleus Smart App from a compatible Android device.
Key Target Audience
Disability Devices Manufacturers, Raw Material Suppliers/ Buyers, Research Institutes, Distributors, Government Body & Associations and End-user