Albany, NY -- (SBWIRE) -- 11/13/2018 -- The global disabled and elderly assistive devices market is expected to grow in the forthcoming years. Advancement in technology has altogether changed the market for elderly and disabled devices. For example, launch of remote controlled wheelchairs in the market has simplified the life of patients by diminishing the energy and time required in working it manually. Moreover, cochlear implants have additionally lessened the requirement for wearing hearing devices remotely. These advancements in technology are picking up popularity among the specific kind of population, which as a result is fueling the demand for the disabled and elderly assistive devices in the market.

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This development is credited to increase in elderly population and disabled people, expanding government initiatives and funding of innovatively propelled products, for example, remote controlled wheelchairs, implants, portable reading devices, transfer lifts, and sensor embedded door openers. The rise in funding by the government, increased number of disabled people and elderly population, and release of new and advanced products including implants, controlled wheelchairs, portable reading devices, and sensor-based door openers, have boosted the market for elderly and disabled assistive devices. Along with that, the development of the market might be repressed in the coming a long time because of rising cost of products.

In terms of type, the market is categorized into ambulatory devices, medical mobility aids, bathroom safety products, and medical furniture. Ambulatory devices and Medical mobility aids comprise wheelchairs, mobility scooters, transfer lifts, cranes and crutches, walkers and rollators, door openers, and others such as back supports, pillows, and cushions. Among various types of elderly and disabled assistive devices, hearing aids held the maximum share in the market. This is credited to the rising population battling from hearing loss and mobility issues.

Geographically, the North America region led the global market among others. Nevertheless, Asia-Pacific is estimated to account for the maximum growth rate in forthcoming years. This is credited to increase in a large elderly and disabled population, rise in government funding, and increasing disposable incomes. It is foreseen that the mentioned region is expected to project significant rise in disabled population and geriatric due to growing life expectancy and advancement in healthcare facilities. Surged research and development activities regarding manufacturing of products with better functions are as well estimated to fuel demand in global market.

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The key players operating in global disabled and elderly assistive devices market Sonova Holding AG, Bausch & Lomb Inc., Blue Chip Medical Products Inc., GN Resound Group, Ai Squared, Drive Medical Design And Manufacturing, Freedom Scientific Inc., Siemens Healthcare, Invacare Corp., Permobil AB, Sunrise Medical LLC, William Demant Holding A/S, and Wintriss Engineering Corp.

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